- •Unit 1. Why finance
- •5. Arrange and run a conversation on the following text:
- •Unit 2. Acquisition of capital
- •2. Read, translate and retell the text:
- •3. Look at the term in the left-hand column and find the correct synonyms or definitions in the right-hand column:
- •Unit 3. Money
- •2. Read, translate and retell the text:
- •3. Give English equivalents of the following:
- •2. Read, translate and retell the text.
- •3. Answer the following questions:
- •4. Match the following words and phrases in a meaningful way:
- •5. Discussion Points:
- •6. Read, translate and retell the text.
- •7. Fill each blank in the text with the correct word or phrase. Choose from the following list. Use each item once only.
- •8. Answer the following questions:
- •Unit 5. Exchanges
- •2. Read, translate and retell the text.
- •3. Give the Ukrainian equivalents of the following words and word combinations:
- •3. Arrange the words in pairs of synonyms:
- •5. Answer the following questions:
- •Unit 6. Accounting and bookkeeping
- •1. Read and memorize the following words and word combinations:
- •2. Read, translate and retell the text.
- •3. Translate into Ukrainian:
- •4. Find the English equivalents:
- •5. Answer the following questions:
- •Unit 7. Auditing
- •1. Read and memorize the following words and word combinations:
- •2. Read, translate and retell the text.
- •3. Find the following English equivalents in the text,translate sentences containing them into Ukrainian:
- •8. You are given below a list of financial one-word-terms. List all terms-phrases you can associate with them:
- •Unit 8. Taxes and Taxation
- •1. Read and memorize the following words and word combinations:
- •2. Read, translate and retell the text.
- •3. Say what you have learnt about:
- •4. Retell the text and then give your points of view on such problem questions as:
- •5. Discuss the following statements:
- •6. Indicate whether each of the following statements is true or false:
- •Unit 9. The basis of financial management
- •1. Read and memorize the following words and word combinations:
- •2. Read translate and retell the text
- •3. Translate into Ukrainian
- •4. Find the English equivalents:
- •5. Fill in the blank:
- •6. Answer the following questions:
- •Unit 10. Outside sources of financing
- •1. Read and memorize the following words and word combinations:
- •2. Read, translate and retell the text:
- •3. Translate into Ukrainian:
- •4. Find the English equivalents:
- •5. Fill in the blanks:
- •6. Answer the following questions:
- •Unit 11. Sources of unsecured financing
- •1. Read and memorize the following words and word combinations:
- •2. Read, translate and retell the text:
- •3. Translate into Ukrainian:
- •4. Find the English equivalents:
- •3. Give English equivalents of the following:
- •4. Define the terms:
- •5. Answer the following questions:
- •Unit 13. How to Buy Bonds and Stocks
- •2. Read, translate and retell the text:
- •3. Look at the term in the left-hand column and find the correct definitions in the right-hand column:
- •4. Find the English equivalents.
- •Unit 14. The language of stock
- •1. Read and memorize the following words and word combinations:
- •2. Read, translate and retell the text:
- •3. Find the English equivalents.
- •4. Answer the questions:
- •5. Look at the term in the left-hand column and find the correct definitions in the right-hand column:
- •Unit 15 International Finance
- •1. Read and memorize the following words and word combinations:
- •2. Read, translate and retell the text:
- •3. Questions for discussion:
- •4. Speak on the topics:
- •Texts for Additional Reading
- •1. The Bank of England
- •2. The Federal Reserve System
- •3. The Banking System of Ukraine
- •4. Financial Institutions
- •5. Bank Organization
- •6. Money and Currency
- •7. Bank Accounts
- •8. Bank Services
- •9. Bank Loans
- •10. International Bank Settlement System and Methods of Payment
- •11. Financial Statements at a Bank
- •12. Introduction to Corporate Finance
- •13. What Is Corporate Finance?
- •14. The Financial Manager
- •Figure 1. A simplified organizational chart. The exact titles and organization differ from company to company
- •20. A Corporation by Another Name...
- •21. The goal of financial management
- •22. The Goal of Financial Management
- •23. A More General Goal
- •26. Management Goals
8. Bank Services
Banks may be defined as firms producing and selling financial services. Their success or failure depends on their ability to identify the financial services which the public demands, produce those services efficiently, and sell them at acompetitive price. The service menu of banks does not remain unchanged as new services are constantly developed by banks. Many of them offer a combination of wholesale and retail banking.
The aim of commercial banks is to earn profit and they are reaching it by providing different services to customers for the price which is calledinterest.
So, a full range of banking services is offered to customers of the bank:
it is a safe place for your money. You can open savings (deposit) account and earn interest. There are many different term-deposit accounts. Since these certificates of deposit offer very high interest rates they attract depositors to banks. To receive this high interest you needn't withdraw money till the term is due, otherwise you will lose it;
banks open checking (current) accounts, which pay no interest to a customer but provide him with a checking book to write checks and pay any purchase or transaction. Recently new NOW and Super NOW accounts which pay customers interest have appeared in most banks;
banks offer credit services to customers: personal loans and different credit cards. They finance industries, commerce and direct services by commercialloans;
banks provide their customers with such classes of credit as overdraft, mortgages and home improvement loans;
banks provide their customers travelling abroad with foreign currencies, traveller's checks (cheques), eurocheques, eurocards;
investment advise: banks open ways to find and invest large amounts of money; banks provide brokerage services;
banks provide a wide range of trust services for individuals and businesses in the form of estate settlement, trust administration of a customer's securities,running property and agency services.
9. Bank Loans
Loan is money that one party gives to another to use for a definite period of time. Loans are given based on creditworthiness of customers (borrowers).
According to the term of repayment loans can be short-term (must be paid within one year) andlong-term (must be paid in a period that is more than one year, usually 2-3 years, even up to 20-25 for mortgages).
There are commercial, personal, auto loans, mortgages and overdrafts. Most loans require collateral by law. A secured loan is a loan backed by something valuable such as property. If a loan is not backed by collateral it is called unsecured loan. Only highly regarded customers of the bank can receive unsecured loan. If a borrower fails to repay the loan, the lender takes possession of the collateral. Banks can receive collateral in the form ofproperty, accounts receivable, inventory, buildings, equipment of the plant, bonds and stocks. If you develop a good relationship with a bank, it will open aline of credit for you. A line of credit means the bank will lend the business a given amount of unsecured short-term funds, provided the bank has the funds available.
To receive a loan you will go to your bank to the lending department and have an interview with a loan manager, discuss terms of repayment and interest rate to pay.