- •V (verb) – глагол phr (phrase) – фраза
- •I. Text the nature of business
- •Input → transformation → output
- •I. Business n – uncountable
- •II. Business (businesses) n – countable
- •III. Business n – singular
- •Vocabulary
- •II. Comprehension exercises
- •III. Vocabulary practice exercises
- •IV. Brush up your grammar
- •All Tenses Compared Все времена в сравнении
- •V. Speech practice exercises
- •Vocabulary notes
- •I. Text the economic foundations of business
- •Image of a global village.”
- •Economic Systems
- •Economic Forces Affecting Business
- •Vocabulary
- •II. Comprehension exersices
- •3. Check your progress:
- •III. Vocabulary practice exercises
- •IV. Brush up your grammar
- •Passive Voice Страдательный залог
- •V. Speech practice exercises
- •The Pope and the Price of Fish
- •Vocabulary notes
- •I. Text economic entity assumption
- •Sole Proprietorships
- •Partnerships
- •Corporations
- •Vocabulary
- •II. Comprehension exercises
- •3. Review Questions
- •III. Vocabulary practice exercises
- •5. Make and Do
- •IV. Brush up your grammar
- •The Present Perfect Continuous Tense
- •Contractions
- •V. Speech practice exercises
- •Vocabulary notes
- •Vocabulary notes
- •Vocabulary notes
- •I. Text accounting
- •А. The Nature of Accounting
- •В. Accounting and Bookkeeping
- •С. Accounting Professionals
- •Vocabulary
- •II. Comprehension exercises
- •2. Review questions
- •III. Vocabulary practice exercises
- •The Accounting Cycle
- •IV. Brush up your grammar
- •The Infinitive
- •Функции инфинитива
- •V. Speech practice exercises
- •I. Text financial statements
- •А. Balance Sheet
- •Vocabulary
- •В. Income Statement
- •Vocabulary
- •С. Statement of Cash Flows
- •Vocabulary
- •II. Comprehension exercises
- •III. Vocabulary practice exercises
- •IV. Brush up your grammar
- •The Modals and their Equivalents
- •V. Speech practice exercises
- •Vocabulary notes
- •I. Text managing financial resources
- •A. Financing the Enterprise
- •B. The Responsibilities of Financial Managers
- •Vocabulary
- •II. Comprehension exercises
- •3. Review Questions.
- •III. Vocabulary practice exercises
- •3. Borrowing and Lending
- •IV. Brush up your grammar
- •Conditional Sentences
- •V. Speech practice exercises
- •Characteristics and Functions of Money
- •Vocabulary notes
- •Vocabulary notes
- •I text banking institutions
- •Modern Banking Institutions
- •Commercial Banks
- •Vocabulary
- •II. Comprehension exercises
- •2. Review Questions
- •III. Vocabulary practice exercises
- •Banking in the Digital Age
- •IV. Brush up your grammar
- •The Sequence of Tenses Reported Speech
- •С правилом согласования времён direct speech reported speech
- •I / we à he (she) / they tomorrow à the next day
- •V. Speech practice exercises
- •Vocabulary notes
- •Библиографический список
- •Оглавление
- •6 80021, Г. Хабаровск, ул. Серышева, 47.
2. Review Questions
1. What was the function of the earliest banking? Comment on the origin of
the word “bank”.
2. Identify two major types of financial institutions.
3. What is the difference between depository and nondepository financial
institutions?
4. Name the main types of depository institutions. What functions do they
perform?
5. What types do nondepository institutions include? Specify their functions.
6. Explain the role of central banks in a country’s financial system.
7. What financial institution is considered the largest, oldest, and most
important in the majority of countries?
8. Define banking as business. What is the primary role of banks?
9. What are the main services commercial banks provide?
10. Name the three main categories of bank assets.
11. What type of loans do commercial banks make to businesses?
12. What is the difference between secured and unsecured loans?
13.. Name the types of consumer loans and explain the nature of installment
credit.
14. Differentiate between the principal and the rate.
15. What is a prime interest rate?
III. Vocabulary practice exercises
1. Match the terms on the left with their definitions on the right:
depository institutions |
an agreed-on maximum amount of money the bank is willing to lend the business during a specific period of time |
savings banks |
loans backed up with something of value, known as collateral |
central bank |
bank account which pays little interest, but allows the holder to withdraw his cash with no restrictions |
banking |
the cost of borrowing money, expressed as a percentage of the loan per period of time |
mortgage |
loans to consumers that are repaid in equal periodic payments |
line of credit |
a secure box in a bank where customers can keep valuables |
secured loan |
amount of a debt, excluding any interest |
installment credit |
banks which offer savings accounts and specialize in mortgage lending |
the principal |
accounts with funds that usually cannot be withdrawn without advance notice; also known as time deposits |
interest rate |
a person who keeps money for the future in the bank, rather than spending it by consuming goods |
prime interest rate |
a person who receives money from someone or from a bank that will later have to be paid back |
safe deposit boxes |
financial institutions that accept deposits that can be converted into cash on demand |
checking account |
the bank that issues banknotes, carries out the government’s financial policy, and supervises all other banks of a country |
saver |
lowest rate of interest charged by banks to their most credit-worthy customers |
borrower |
the business of receiving, protecting, and lending money |
savings accounts |
banks that offer savings accounts and specialize in mortgage lending; also called savings & loan associations |
2. Choose the necessary word or word-combination and put it in the sentence.
Translate the sentences into Russian.
total assets withdraw intermediate financial system rate of interest |
credit cards deposits insurance company collateral transferred |
1. The ---------- is the process by which money flows from savers to users.
2. One way in which funds can be ---------- between savers and users is
through financial institutions, such as commercial banks.
3. In the U.S., 7,900 commercial banks have ---------- of almost $7 trillion.
4. Banks raise funds by offering a variety of checking and savings ---------- to
customers.
5. Banks also issue Visa and MasterCard ----------.
6. It is unlikely that all depositors of any one bank will want to ---------- all of
their funds at the same time.
7. Banks make money primarily because the interest rate they charge
borrowers is higher than the ---------- they pay depositors.
8. Households and businesses buy insurance to transfer risk from themselves
to the ----------.
9. A commercial finance company supplies short-term funds to businesses
that pledge (отдают в залог) tangible assets such as inventory, accounts
receivable, machinery, or property as ---------- for the loan.
10. The primary role of banks is to ---------- between savers and borrowers.
3. The columns on the left word-box contain the terms used in banking. Try to
find their Russian equivalents listed in the columns on the right and enlarge
your active vocabulary.
electronic banking |
дебетовая карта |
automated teller machines (ATMs) |
сотовый телефон |
electronic funds transfer systems (EFTS) |
личный идентификационный номер владельца кредитной карты |
networked systems |
беспроводные устройства |
to access |
банкомат |
credit card |
сетевые системы |
debit card |
электронная система платежей |
personal identification number |
электронные банковские операции |
cash dispenser |
онлайновые банковские операции |
wireless devices |
получать доступ |
cell phone |
автоматическая кассовая машина |
online banking |
кредитная карта |
4. Change the Russian words and word-combinations for their English
equivalents given in exercise 3. Read and translate the text.