Active Vocabulary

banking	банковское дело
to make a career in smth	сделать карьеру в чём-либо
bank services	банковские услуги
checking account	чековый счёт
savings account	сберегательный счёт с установленным процентом
safety deposit box	сейф для депозитов, предоставляемый частным лицам в банке
insurance	страхование
to make a loan to smb	давать заём кому-то
eligible for a loan	подходящий для займа (т.е. признаваемый платежеспособным)
long-term loan	долгосрочный заем
short-term loan	краткосрочный заем
prime rate	наименьший процент со ссуды, установленный в определённом месте в определённое время
preferred customer	привилегированный клиент
available	наличный, имеющийся в распоряжении
line of credit	кредитный лимит
to borrow	занимать
letter of credit	кредитное письмо, аккредитив
credit reference letter	рекомендательное кредитное письмо

Vocabulary Exercises

Exercise 1. Change the sentences according to the model.

Model: We use the safety deposit boxes (sometime).

We sometimes use the safety deposit boxes.

1. All the banks provide credit services (usually).

2. Banks give investment advice (sometimes).

3. Banks charge interest (always)

4. You can borrow money quickly (rarely).

5. Businesses want to borrow money (frequently).

6. The amount of interest depends on the prime rate (generally).

7. Companies need a line of credit (seldom).

8. A line of credit is available (occasionally).

Exercise 2. Change the sentences from active into passive according to the model.

Model: They use the safety deposit boxes very often.

Safety deposit boxes are used very often by them.

1. Federal government supervises and charters national banks.

2. This bank is asking 10 % interest.

3. The bank requests a financial statement of the company.

4. Their company takes a long-term loan from the Federal Bank.

5. The executive shows the company's expenses.

6. The manager is instructing the secretary.

Exercise 3. Answer the questions.

1. Is there a difference between banking systems in Ukraine and western countries? What is the difference?

2. What bank services are you familiar with?

3. Do the banks in Ukraine have safety deposit boxes?

4. Whom do the banks make loans to in Ukraine?

5. What kind of loan would you prefer, long-term or short-term?

6. What prime rates are available in Ukraine?

7. What does the line of credit of the enterprise depend on?

8. What is a credit letter written for?

9. What can one do with credit reference letter?