- •Unit 1 Finance
- •1(1) Listening. Listen and practice. Mind the new words.
- •2. How much do you know about money? Answer the questions.
- •Vocabulary
- •12. Give Russian equivalents:
- •13. Choose words from the list to fill in the gaps, then use them to make sentences:
- •14. Answer the questions:
- •Unit 2 Making money
- •1. Look the words in the box in the dictionary. Complete the text below with them.
- •Me and my money
- •2. Read the text again. Are these statements true or false.
- •3. Reading. Read the article and choose the correct answer to the questions below. Mind the new words.
- •Prince Alwaleed bin Talal
- •3. (1) Choose the correct answer.
- •3. (2) Match the numbers. Find them in the text. What do they refer to?
- •Staff receive day’s income
- •Vocabulary
- •8. Give Russian equivalents:
- •9. Choose words from the list to fill in the gaps, then use them to make sentences:
- •10. Correct the statements that are false:
- •11. Answer the questions:
Vocabulary
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a bank run (a run on the bank) – массовое изъятие вкладов из банка |
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to withdraw – снимать со счета |
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to wipe out – уничтожать |
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recession – падение, спад, рецессия |
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to suspend – приостанавливать, временно прекращать |
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convertibility – обратимость, конвертируемость (валюты, ценных бумаг) |
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to impose – облагать (налогом), налагать (обязательство) |
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reserve ratio – норма резерва |
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to fail – обанкротиться |
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failure – банкротство, несостоятельность |
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interests rate – ставка процента |
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assets – активы, средства, фонды |
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bubble – бум |
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downturn – спад деловой активности |
8. Give Russian equivalents:
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an incentive |
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chain of bankruptcies |
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to cause |
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to prevent |
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to satisfy |
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to insure |
9. Choose words from the list to fill in the gaps, then use them to make sentences:
price, financial, bank, interest, economic
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1. _____ rates |
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2. _____ bubble |
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3. _____ recession |
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4. _____ crises |
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5. _____ customer |
10. Correct the statements that are false:
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1. A bank run occurs when some bank customers withdraw their deposits. |
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2. Nothing can help to prevent bank runs. |
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3. To stop a run banks can temporally suspend withdrawals. |
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4. Depositors’ savings cannot be protected when the bank fails. |
11. Answer the questions:
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1. What is a bank run? |
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2. When does a bank panic occur? |
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3. Is it possible to prevent bank runs? How? |
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4. What was the financial crisis of 2007-2009 caused by?
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12. Use words/phrases from the list to help you retell the text: a bank run, insolvent, a banking panic, suffer runs, to prevent bank runs, suspension of convertibility, impose, a reserve ratiorequirement,deposit insurancesystems, interest rates.