VII. Read and translate the following conditional sentences:

1. If you purchase an automobile on credit, the dealer will probably have you sign a promissory note. 2. If a person had no regular job and went to a bank to borrow money, the bank might refuse him. 3. If you fail to make your monthly payments, the bank has the right to repossess the car and have it sold so that it can recover its money. 4. Providing all the requirements were met, the efficiency of this business would be increased. 5. If you had made a deposit of $ 1.000.000, the interest rates would have been increased greatly.

VIII. Choose the best alternative to complete each sentence:

1. You must keep staff ____________, especially when things get difficult.(generated, motivated, frustrated, electrified). 2. A good manager must be able to handle____________ situations, (sensible, impressive, touching, touchy). 3. He decided to let things _____________, so he dropped the subject until later, (freeze, ice over, cool down, flare up). 4. The more responsibilities she__________, the more mistakes she made, (took off, took on, took down, took out). 5. I hope the project continues to run as ___________ as it has so far. (calmly, confidently, smoothly, wisely). 6. After _________ many unforeseen obstacles they just managed to meet their deadline, (overtaking, overcoming, overwhelming, overriding). 7. What can we do to improve _______ in this department? (morale, mortality, moral, temperament).

IX. Fill the blanks with necessary words. Translate the sentences into Ukrainian.

1. A cheque differs from the bill of exchange. 2. The drawer of ... is the person who has to pay it and it is always ... on a banker and not on a private person, firm or company. 3. ... is the person who ... the cheque, the drawee is the bank on which the cheque is drawn and ... is the person to whom the cheque ... and who is to receive the benefit. 5. The drawee bank is also the paying bank, while the bank at which the payee pays in a cheque is known at the ... bank. 6. A cheque does not need ... prior to payment.

is payable, the drawer, maturity, the cheque, collecting, to negotiate, to be accepted, has signed, drawn.

X. Read and translate the meanings of the following terms. Translate the sentences with them.

Mortgage - 1) is an agreement in which money is lent by a bank or a building society, etc. for buying a house or another property.

1. The flat was bought with a $ 50.000 mortgage. 2. He mortgaged his house in order to start a business. 3. They've taken out a 30 year mortgage. 4. Mortgage interest rates are set to rise again in the spring. 5. Most buyers of mortgaged property assume the mortgage. 6. In the United States, homes are resold every five years on the average. Most of these homes have mortgages on them. 7. The mortgage arrangement usually consists of a promissory note and a mortgage deed. 8. The mortgage agreement specifies many of the rights and duties of the mortgagor and mortgagee.

Payee - is the person to whom something is to be paid.

1. Write, please, the name of the payee on a cheque. 2. Like a check, a promissory note must be payable to the order of a particular person or company, known as the payee.

Promissory note - is a document in which a person or an organization, such as bank, promises (on behalf of the buyer) to pay a fixed sum of money on demand or by a certain date, to the person specified (the seller).

The banknote is a form of promissory note. 2.Ordinary promissory notes are widely used in the USA banking system but are now seldom used in Britain. 3. In addition to a credit agreement, many times the consumer had also signed a promissory note. 4. Promissory note is an easily transferable, special type of commercial instrument or paper. 5. A promissory note is a formal legal document that serves as proof of a debt.