- •Unit 1 free enterprise system
- •Active Vocabulary
- •1 Translate the following combinations into Russian.
- •2 Translate into English using the expressions from the previous task.
- •3 Study the new words and make your own sentences with them.
- •4Translate into English using the expressions from the previous tasks.
- •5 How would you serve your customer?
- •Social and business skills Breaking the ice
- •3 Write the letters of the phrases in the appropriate place.
- •Introductory questions Being more specific Asking for an opinion
- •4 Match the conversational exchanges.
- •Reading
- •I The Pillars of Free Enterprise
- •1 What are the “pillars” of American economic system?
- •2 What does the right to private property give the owners of natural resources and capital? Why?
- •Free Enterprise: the Theory and the Reality
- •1What is the essence of the term “laissez faire”?
- •2 What are the three levels of American government?
- •3 In what cases does the government show its power?
- •1 What is the role of prices in American economic system?
- •2 Why is American economic system called price-directed system?
- •3 What are the fundamental questions that price system provides the answers to?
- •1 What does competition refer to?
- •Active vocabulary
- •1 Translate the following combinations into Russian.
- •2 Translate into English using the expressions from the previous task.
- •3 Study the new words and make your own sentences with them.
- •4 Fill in each blank with a suitable word.
- •5 Translate into English using the expressions from the previous tasks.
- •6 Answer the questions.
- •Social and business skills Arrangements
- •1 Read the extract and answer these questions.
- •3 You will hear an imaginary alternative version of the conversation in the book. Listen and compare your choices.
- •5 Match the sentences with the headings.
- •6 Food and drink. Match the two parts of the conversational exchange.
- •Reading
- •I Forms of business organization
- •Unit 3 how to start your own business
- •Active Vocabulary
- •1 Translate the following combinations into Russian.
- •2 Translate into English using the expressions from the previous task.
- •3 Study the new words and make your own sentences with them.
- •4 Translate into English using the expressions from the previous tasks.
- •5 Answer the questions.
- •Social and business skills Making a proposal
- •1 Make a summary of the script.
- •2 Look at the script again and notice how the meeting is structured. In which order do these stages occur?
- •3 Here us some of the language you can use for each of those four stages.
- •Refusing and accepting
- •2 Underline the phrases that he uses to refuse the offer.
- •II Becoming an entrepreneur
- •III Risks and benefits of starting a new business
- •Unit 4 financial institutions
- •Active Vocabulary
- •1 Translate the following combinations into Russian.
- •2 Translate into English using the expressions from the previous task.
- •3 Study the new words and make your own sentences with them.
- •4 Translate into English using the expressions from the previous tasks.
- •5 Match the notion and its definition.
- •6 Define the meaning of the words highlighted in the text.
- •1 Discuss these points.
- •2 Look at the three solutions offered by Patrick Ellis and underline the eight conditional sentences that are used. Which of these sentences describe hypothetical situations?
- •3 Listen and fill in the blank spaces with the correct forms of the verbs.
- •Reading
- •I Functions of a Central Bank
- •II Other Bank Services
- •III Consumer credit
Unit 4 financial institutions
Most individuals and firms need the banking services offered by commercial banks. A bank is a financial institution that accepts deposits and makes commercial loans. A bank deposit is an amount of money paid into a bank account or held in a bank account especially when it is earning interest.
The main function of banks is to act as “financial middlemen”. They channel money from depositors to investors, from those wishing to save money for future use to those wanting to spend it now. Deposits can be in the form of savings accounts or checking accounts. Savings account is a bank account for saving money over a long period of time usually with higher interest. Checking account is a bank account that allows the customer to use a cheque book and provides services such as bill payments. People who deposit their savings in banks get deposit insurance.
Another function of banks is to make loans. This function is very important to the economy. Business loans enable firms to meet current bills and finance expansion. Consumer loans enable individuals and families to get goods and services immediately paying for them with future earnings.
One of the principal sources of income earned by banks is the interest on their loans. Checking accounts with bank loans provide a means for expanding the money supply.
Active Vocabulary
financial institution – финансовое учреждение
accept – принимать
deposit – вклад
account – банковский счет
middleman – посредник
current – текущий
savings account – сберегательный счет
checking (current) account – текущий счет
cheque book – чековая книжка
bill – коммунальный счет
Tasks
1 Translate the following combinations into Russian.
to need the banking services
to accept deposits
to make commercial loans
an amount of money
to pay into a bank account
to hold in a bank account
to earn interest
to act as “financial middlemen”
to channel money
to save money for future use
to save money over a long period of time
with higher interest
to allow the customer
to use a cheque book
to provides service
bill payments
to deposit their savings in banks
to get deposit insurance
to make loans
to enable firms
to meet current bills
to finance expansion
to enable individuals and families
to get goods and services
to pay with future earnings
the principal sources of income
the interest on loans
to provide means
to expand the money supply.
2 Translate into English using the expressions from the previous task.
1 нуждаться в банковских услугах
2 принимать вклады и делать займы
3 денежный объем, хранимый на банковском счете
4 зарабатывать процент
5 действовать в качестве финансовых посредников
6 переводить деньги от вкладчиков к инвесторам
7 экономить деньги для будущего использования
8 сохранить деньги на длительный период
9 использовать чековую книжку
10 обеспечивать оплату счетов
11 получать страховку вклада
12 позволять фирмам покрывать текущие счета
13 финансировать расширение
14 позволять семьям получать товары и услуги немедленно
15 оплата из будущих заработков
16 основной источник дохода
17 обеспечивать средства для расширения денежного потока