Vocabulary

liability – обязательство, задолженность, денежные обязательства

interest – ссудный процент, проценты, доход с капитала

fund – фонды, денежные средства

deposit funds – средства на депозитных счетах

access – доступ

on demand – по требованию

checking account – амер. текущий счет

demand deposit account – бессрочный вклад

savings account – сберегательный счет/вклад

(monetary) return – оборот, доход, прибыль

preset – заранее установленный

time deposit = term deposit – срочный вклад

roll over – пролонгация срока кредита путем выпуска новых долговых обязательств

yield (on the money) – доход, доходность

6. Give Russian equivalents:

bank book

to owe

to charge a fee

to pay interest

short notice

7. Choose words from the list to fill in the gaps, then use them to make sentences:

monetary, account, checking, liquid

1. _____ holder

2. _____ assets

3. _____ account

4. _____ return

8. Answer the questions:

1. What is a deposit account?

2. What does the resulting balance represent?

3. What is a checking account?

4. How do checking accounts differ from savings accounts?

5. What is a time deposit?

6. What happens to time deposit when the term is over?

9. Use words/phrases from the list to help you retell the text: a deposit account, be deposited, be withdrawn, a liability, charge a fee, pay interest, frequent access, checking account, savings accounts, a monetary return, a high rate of interest, time deposit, the yield on the money.

Unit 4

Inflation

1. Discuss the questions.

1. What is inflation?

2. What are some of the causes of inflation?

3. Which countries currently have a high level of inflation?

4. Which is the current level of inflation in Russia?

2. Match two halves of the sentences.

1. Inflation can be defined as	a. as they get an annual increase in wages.
2. One factor that can result in inflation is	b. an increase in government taxes and fees.
3. When interest rates go up and the costs of borrowing increases	c. a substantial and continuing overall increase in the general level of prices.
4. Most people are able to cope with the average inflation of 3%	e. the cost of running a business increases and inflation can result.

3 (9). Listening. Listen and complete the chart with the correct prices for February and March. Mind some new words.

to go up (down) in price	подняться (опуститься) в цене
a quart	кварта (около 1.145литра)
an18-ounce container	контейнер объемом 18 унций (1 унция – около 28.35 гр.)
a pound	фунт (1 фунт – около 453 гр.)
a box	коробка
a can	жестяная банка

Item	February	March	Inflation	April
milk (1 liter)	$1.50
yogurt (500g)			0%
loaf of bread		$3.05
sugar (2 kilo)	$2.00
apples (1 kilo)			5%
teabags (100)	$2.20
coffee (500g)			-12%