12. Give Russian equivalents:

financial institution

current account

to issue

to make advances

marketable

to lend money

to make loans

paper currency

public welfare

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

debt, current, payment, installment, financial, term

1. _____ account

2. _____ deposit

3. _____ loan

4. _____ securities

5. _____ agent

6. _____ service

14. Answer the questions:

1. What is a bank?

2. What functions do banks perform?

3. What are the principle types of banks?

4. What is the difference between central banks and commercial banks?

5. What institutions are called financial intermediaries?

15. Make notes under the following headings: A Bank, The Principal Types Of Banks, Financial Intermediaries.

16. Close your books, look at your notes and talk about economy. Use words/phrases from the list to help you retell the text: financial institution, provide, conduct, borrow money, issue, lend money, make loans, paper currency, financial intermediaries.

Unit 2 Making money

1. Look the words in the box in the dictionary. Complete the text below with them.

shares, shareholders, worth, stake, spend, earn, owe, save, dividend, tax, pay, Stock Market

Me and my money

When I was eighteen I inherited £1000 from my grandmother. I invested half of the money on the __________ and the rest I put in the bank. I bought ________ in three different companies and each one pays me a _________ every year. I also have a 20% _________ in a small company started by a friend of mine. There are four other __________ in the company. I have a small house in London. It is probably ________ £250,000 now. I borrowed £100,000 from the bank when I bought it. I work as an accountant and ________ a reasonable salary, but I have to pay a lot of __________. My father gave me quite a lot of money for my studies and I still __________ him about £5,000. I _______ him back about £100 a month. I ______ a lot of money on my favorite sport, skiing, but I also like to try and ________ for my old age.

2. Read the text again. Are these statements true or false.

1. He owes his grandmother £1,000.

2. He sold his house in London.

3. He has shares in four companies.

4. He is a lawyer.

5. He pays a lot of tax.

6. His father gives him £100 a month.

7. He spends a lot of money on his hobby.

3. Reading. Read the article and choose the correct answer to the questions below. Mind the new words.

chairman	председатель правления
royal	королевский
successful	успешный
to bring up	воспитывать
to attend military school	учиться в военной школе
to get Masters	получить степень магистра
to make fortune	сделать состояние
real estate	недвижимость
be worth	иметь деньги
income tax	подоходный налог
skyscraper	небоскреб
profitable	приносящий доход