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Ex.4. Make up sentences using the present perfect and a superlative adjective.

E.g. difficult decision/make

It's the most difficult decision I have ever made.

  1. cheap hotel/stay in

  2. fast car/drive

  3. reasonable boss/work for

  4. boring presentation/hear

  5. difficult customers/deal with

  6. good product/produce

  7. bad job/have

  8. simple computer program/use

  9. reliable bank/deal with

  10. profitable contract/make

  11. bad mistake/make

  12. expensive thing/buy

  13. big company/work for

  14. long meeting/be to

Speech and Discussion

Ex.1. Describe the differences between central banks and other financial institutions in the banking industry.

Ex.2. Discuss the role of the National Bank of Ukraine as you see it today. Do you feel it is doing an effective job? Why or why not?

Ex.3. Name some big commercial banks in Ukraine. Would you deposit your money in a bank that did not offer state insurance protection?

Ex.4. Familiarize yourself with the following idioms. Consult your dictionary and translate the sentences into Ukrainian. Think of situations where you could use them.

  1. The gambler broke the bank at the casino.

  2. Loan sharks operate outside the law.

  3. You can bank on him to do what he promises.

  4. He touched all the bases in his talk about the new product.

  5. When they could not pay their taxes, they were behind the eight ball because the government fined them more money.

Ex.5. Comment on the following:

“A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain.”

(Frost)

lesson 3

Text: Banking Services

Grammar: Comparison of Adverbs

Terms to remember:

banking facilities

банківські послуги, банківські операції

credit card

кредитна картка

repay (v)

розрахуватися (за щось); повертати (борг)

rate of interest

позиковий процент

overdraft

перевищення кредиту; овердрафт

direct debit

пряме дебетування

standing order

постійне доручення

transfer (v)

переказувати (гроші); перераховувати (суми)

foreign exchange

іноземна валюта

diversify (v)

урізноманітити (діяльність); диверсифікувати

insurance

страхування

Banking Services

Modern banks offer many services to businesses as well as to individual customers. The service menu of banks does not remain unchanged as new services are constantly being introduced.

Here are some of the most widely used banking facilities:

A credit card enables the holder to buy goods and repay the credit card issuer at a later date.

A loan is an amount of money borrowed from the bank which must be repaid at a fixed rate of interest.

A mortgage is a loan to buy property.

An overdraft is a loan made by a bank to a customer so he/she may take out more money than is actually in a bank account.

As well as offering credit facilities, banks provide services to allow customers to make payments:

Direct debit is a system of paying bills, etc. by having money automatically transferred from a bank account.

A standing order is an arrangement with a bank to pay a certain amount to another person or organization at regular intervals.

Most banks offer a foreign exchange service – the facility to change money from one currency to another.

In recent years banks have diversified, and now offer such services as insurance, investment advice, private pension plans, and home-banking (telephone, SMS and Internet) facilities.