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Шургина,Мушинская Методичка 4 курс финансы 111.doc
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  1. Learn the new vocabulary to the topic:

    safeguarding

    охорона

    transactions

    операції

    to carry on

    проводити

    engaged

    зайнятий

    savings bank

    ощадний банк

    mutual savings banks

    взаємно-ощадні банки

    trust company

    трастова компанія

    finance company

    фінансова компанія

    merchant bank

    торговий банк

    lending

    надання кредиту

    facilitating

    полегшення, сприяння

    loans

    позики

    creditworthiness

    кредитоспроможність

    acceptance

    ухвалення

    transfer

    передача, переклад

    creation

    створення

    deposit

    депозит

    vault

    сховище

    to store

    зберігати

    to insure

    страхувати

    theft

    крадіжка

    to repay

    відшкодувати

    valuables

    цінності

    profitable

    вигідний

    interest

    відсоток

    percentage return

    відсотковий прибуток

    gaining access

    здобування доступу

    account debit cards

    платіжна картка рахунку, дебетна картка

    electronic cash till

    банкомат

    computer on-line banking

    комп'ютерні онлайнові розрахунки між банками

    clearing houses

    розрахункові палати

    payments

    платежі

    income

    прибуток

    savings

    заощадження

    are drawn on

    знімаються з

    yield

    прибуток

    mortgage

    іпотека

    policies

    поліси

    facilities

    засоби

    handling

    обробка

    demand deposit

    внесок, видача якого здійснюється на першу вимогу

    transaction account

    розрахунковий рахунок

    excess reserve

    надлишковий резерв

  2. Read and translate the text, be able to speak on the topic:

Banking is the transactions carried on by any per­son or firm engaged in providing financial services to consumers or businesses.

For these purposes there exist commercial banks, central banks, savings banks, trust companies, finance companies and merchant banks. Banking consists of safeguarding and transfer of funds, lending or facil­itating loans, guaranteeing creditworthiness and ex­change of money. In other words, banking is the ac­ceptance, transfer, and creation of deposits. The depository institutions are central banks, commercial banks, savings and loan associations, building societies, and mutual savings banks.

Safeguarding and transfer of funds

Vaults and safes are the means for safeguarding of funds. Money is physically stored there. These physi­cal deposits are in most cases insured against theft, and against the bank being bankrupt and unable to repay the funds. In some banks customers can use safety deposit boxes for valuables. To save money in banks is profitable because bank customers receive interest given on savings accounts, a percentage re­turn on the bank's investments with the money.

Transfer of funds can be handled through written instruments: contracts, cheques, or direct transfers performed electronically. Nowadays banks provide the customers with additional ways of gaining access to their funds and using them. These are credit cards and account debit cards, electronic cash tills, com­puter on-line banking, and other services.

Automated clearing houses perform similar servic­es for business customers by handling regular pay­ments, such as wages, for a company banking with the bank. Longer-term schemes for providing regular income on savings are often offered through trust funds or other investment schemes.

Lending and loans

Loans to bank customers are drawn on the funds deposited with the bank and yield interest which pro­vides the profits for the banking industry and the interest on savings accounts. These loans may take the form of mortgages or other policies. Banks may guarantee credit for customers who wish to obtain loans from other institutions. They also provide for­eign exchange facilities for individual customers, as well as handling large international money transfers.

  1. Answer the questions:

  1. What is banking?

  2. What kinds of banks there exist?

  3. What are the depository institutions?

  4. What are the vaults and safes for?

  5. Why is it profitable to save money in banks?

  6. How can the transfer of funds be done?

  7. How can the customers gain access to their funds and use them?

  8. What are loans to bank customers drawn on?

  9. Do banks give the Interest on savings accounts?

  1. Complete the sentences with the correct words: credit, vaults and safes, transfer, engaged, mortgages, yield, profitable.

  1. Banking is the transactions carried on by any per­son or firm ___________ in providing financial services to consumers or businesses.

  2. ___________ are the means for safeguarding of funds.

  3. These physi­cal deposits are in most cases insured against theft, and against the bank being ___________ and unable to repay the funds.

  4. Banks may guarantee ___________ for customers who wish to obtain loans from other institutions.

  5. __________ of funds can be handled through written instruments: contracts, cheques, or direct transfers performed electronically.

  6. To save money in banks is __________ because bank customers receive interest given on savings accounts.

  7. Loans to bank customers are drawn on the funds deposited with the bank and __________ interest which pro­vides the profits for the banking industry and the interest on savings accounts.

  8. The loans may take the form of _________or other policies.

  1. Complete the sentences with the correct words: a loan, the vault, a bank reserve, barter, money, transaction account, dividends, excess reserve:

  1. To exchange goods and services, an economy without a monetary system must use _____.

  2. A bank account that permits direct payment to a third party is called a _____.

  3. Something that is generally accepted in exchange for goods and services and can be used as a standard and store of value is _____.

  4. When you get _____ at a bank, the bank creates money.

  5. The amount a bank can lend is equal to its ____.

  6. Payment made from the earnings of a corporation to its stockholders is called _____ .

  7. A fixed portion of a bank's deposits that cannot be loaned is _____.

  8. Valuables are safe kept in _____ at the bank.

  1. Match up the terms with their definitions:

cash dispenser

card which guarantees payment for goods and services purchased by the cardholder, who pays bаck the bank or finance company at a later date

cash card

one that pays interest, but usually cannot be used for paying cheques (GB) or checks (US), and on which notice is often required to withdraw money

credit card

a computerized machine that allows bank customers to withdraw money, check their balance, and so on

home banking

a fixed sum of money on which interest is paid, lent for a fixed period, and usually for a specific purpose

loan

an instruction to a bank to pay fixed sums or money to certain people or organizations at stated times

mortgage

a plastic card issued to bank customers for use in cash dispensers

overdraft

one that generally pays little or no interest, but allows the holder to withdraw his or her cash without any restrictions

standing order

a loan, usually to buy property, which serves as a security for the loan

current account (GB) or checking account (US)

doing banking transactions by telephone or from one's own personal computer, linked to the bank via a network

deposit account (GB) or time or notice account (US)

an arrangement by which a customer can withdraw more from a bank account than has been deposited in it, up to an agreed limit; interest on the debt is calculated daily