Test 6

1. Will you try to find out what time (the meeting/begin) _________in the conference room?

A does the meeting begin

B the meeting begins

C begins the meeting

2. Do you mind __________?

A my asking the questions?

B me asking the questions?

C I ask the questions?

3. This isn’t my contract form, ______________ is in the desk.

A my

B mine one

C mine

4. I don’t think we ________________ this contract.

A should to make

B should made

C should make

5. You are wrong. You had better __________ these terms once again.

A study

B to study

C studied

Unit 7. Short-term financing

Exercise 1. Expand on the statements:

1. There’s no such thing as a free lunch. Milton Friedman.

2. If you would like to know the value of the money, try to borrow some. Benjamin Franklin.

Exercise 2. Read the following international words and try to guess their meaning:

inventory

financing

operation

reason

firm

personal

basis

transportation

start

commercial

normally

credit

aggressive

conservative

legal

instrument

limit

effective

Exercise 3. Choose from the text the words with the following suffixes, place them in the alphabetical order and translate them.

- tion – суффикс существительного

- or – суффикс существительного

- al – суффикс прилагательного

Exercise 4. Read the following words and word combinations. Use them in sentences of your own.

to obtain short-term financing - получать краткосрочное финансирование

a credit card – кредитная карта

to make the choice – делать выбор

to buy on the cash basis – покупать за наличные

availability – доступность

liquidity – ликвидность

profitability – прибыльность

trade off – сбывать, меняться местами, попеременно использовать

to incur the transaction costs – навлекать на себя, оплачивать финансовые издержки

to measure – измерять

annual interest rate – ежегодная процентная ставка

evidence of the lender’s claim on the borrower – свидетельство притязания заимодавца к должнику

effective interest rate – реальная (действительная, эффективная) процентная ставка

stated interest rate – объявленная, указанная процентная ставка

line of credit – кредитная линия (способ кредитования при котором банк обязуется кредитовать клиента в течение определенного срока в определенных пределах)

trade credit – коммерческий (торговый, фирменный) кредит (кредит, предоставляемый продавцом или поставщиком услуг покупателю в виде отсрочки платежа за проданные товары или оказанные услуги)

credit-worthy – кредитоспособный

to attract investors – привлекать инвесторов

maturity – срок платежа по векселю

Exercise 5. Read the title of the text and predict the main ideas of the text.

Exercise 6. Read the text and find out:

1. What is the best known source of short-term financing?

2. What are the basic reasons of choosing short-term financing?

3. What factors influence the duration of external financing?

4. What is the difference between short-term and long-term financing?

5. What type of financing is regarded as less risky?

6. What are short-term financing alternatives?

7. What is a trade credit?