Vocabulary Focus
Ex. 1. Mind the use of the verbs lend, borrow, owe.
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If you borrow money, somebody gives you it on a temporary basis:
He is always borrowing money but he usually pays it back quite quickly.
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Lend is the opposite of borrow. It is an irregular verb:
Could you lend me some money? The bank has lent us $5000.
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Owe means to have debts; to need to pay or give something to someone because they have lent money to you, or in exchange for something they have done for you
I owe Janet ten pounds. We still owe $1000 on our car (= We still need to pay $1000 before we own our car). I think you owe (= should give) me an explanation/apology.
Complete the sentences with the correct form of the verbs lend, borrow, owe.
1) She … some money from me. 2) The bank … me $12,000. 3) I … five pounds from my brother and forgot to pay it back. 4) We … money from the bank at 8% interest. 5) If you … someone money, you have to give them a particular amount of money because you have bought something from them or have … money from them. 6) Money that you … is called a debt. 7) The word is … from Latin. 8) The bank will … you money at a lower interest if you provide a security.
Ex. 2. The text contains a number of common verb-noun partnerships (e. g. to lend money, to finance international trade). Match up the verbs and nouns below to make common collocations. Give their Russian equivalents.
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Ex. 3. Match the definitions in A with the words from the text in B.
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Ex. 4. Match the Russian words and word combinations from A with their English equivalents from B.
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продажной ценой; |
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Comprehension
Ex. 1. Answer the questions:
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How will you comment on the fact that bank is an intermediary between a depositor and a borrower?
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What are basic types of banks?
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What are the key roles of the central bank?
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What are the basic instruments that central banks use to regulate money supply?
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What is a discount interest rate?
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For what purposes may the central bank regulate interest rates?
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How do the commercial banks earn money?
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What kind of services do commercial banks offer to their clients?
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What are the main functions of merchant banks in England?
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How do investment banks in America differ from merchant banks in England?
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In what way did deregulation in America and Europe influence the banking system?
Ex. 2. Are the following sentences true or false? Say why.
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If the banks lends money to a company, the banks is one of the company’s debtors.
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If you borrow money from the bank at a variable rate of interest, you might have to pay back more than you think you will.
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Creditors prefer low interest rates.
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Debtors prefer high interest rates.
Text 2