2.15. Put each of the following words or phrases in its correct place in the

passage below. Do people in Russia use their personal finance

similarly? Be ready to give a short presentation in class on the way

people use their personal finance in Russia.

current account withdraw bargain

buy in bulk savings account mortgage

salary bank statement bank loan

rip-off on credit deposit

overdraft fee discount

refund be in the red receipt

haggle outright fare

In a bank you usually have a (a) _______, which is one where you pay in your (b) _____ and then (c) _________ money to pay your everyday bills. The bank sends you a regular (d) ________ telling you how much money is in your account. You may also have a (e) _______ where you (f) _______ any extra money that you have and only take money out when you want to spend it on something special. You usually try to avoid having an (g) ______ or you end up paying a lot of interest. If your account is overdrawn, you can be said to (h) _______ (as opposed to in the black or in credit).

Sometimes the bank may lend you money - this is called a (i) ______. If the bank (or building society) lends you money to buy a house, that money is called a (j) _____.

When you buy (or, more formally, purchase) something in a shop, you usually pay for it (k) ______ but sometimes you buy (l) _______ (on installments). Sometimes you may be offered a (m) ________ or a reduction on something you buy at a shop. This means that you get, say, £10 off perhaps because you are a student. You are often offered a discount if you (n) _________. It is not usual to (o) ______ about prices in a British shop, as it is in, say, a Turkish market. If you want to return something which you have bought to a shop, you may be given a (p) _______, i.e. your money will be returned, provided you have a (q) _______.

The money that you pay for services, e.g. to a school or a lawyer, is usually called a (r) ______ or fees; the money paid for a journey is a (s) _____.

If you buy something that you feel was very good value, it's a (t) _____. If you feel that it is definitely not worth what you paid for it, then you can call it a (u) _____ (very colloquial).

2.16. Study the information about money, weights and measures in Great Britain and the usa. Remember the new words. English Money

Pound or Pound Sterling, monetary unit (currency) of the United Kingdom, is represented by the symbol £.

Historically, the terms pound and pound sterling originated in Anglo-Saxon Britain during the 8^th century when the basic monetary unit, called a “sterling,” was made equivalent to 1/240 of a pound of silver and 240 sterlings became known as a “pound of sterling.” The pound was convertible into silver until 1717. The British system of money used to be rather difficult. The British pound used to consist of 20 shillings, each of which was worth 12 old pence. Besides these, there were also halfpence (¹/₂ p), twopence ['tʌpens], three halfpence (or a penny-halfpenny, 1 ¹/₂ p) [ɵri:'heipəns], threepence ['ɵrepnəs], sixpence (6 p), farthings (¹/₄ p), two-shilling piece, and half-crowns (2 shillings and 6 pence).

On February 15, 1971, the pound’s coinage equivalent was changed to the decimal system, from 20 shillings to 100 pennies, replacing the traditional shillings and pence that had been used since 11^th-century Anglo-Norman times.

At present they use 1-pound, 5-pound, 10-pound, 20-pound, 50-pound notes and coins – 1 penny, twopence, 5 pence, 10 pence, 20 pence, 50 pence (p [pi:] for pence in prices: 50 pence – 50 p), 1-pound and 2-pound coins.