Добавил:
Upload Опубликованный материал нарушает ваши авторские права? Сообщите нам.
Вуз: Предмет: Файл:

FD-301_vsyo / Subj / 455-Банковское дело и финансы. Часть II

.pdf
Скачиваний:
22
Добавлен:
08.05.2015
Размер:
346.97 Кб
Скачать

УРАЛЬСКИЙ СОЦИАЛЬНО-ЭКОНОМИЧЕСКИЙ ИНСТИТУТ (ФИЛИАЛ)

АКАДЕМИИ ТРУДА И СОЦИАЛЬНЫХ ОТНОШЕНИЙ

Кафедра иностранных языков

BANKING AND FINANCE

Методическая разработка по финансовой терминологии

Часть II

Челябинск

2010

Banking and Finance: методическая разработка по финансовой терминологии / сост.: О.Е. Касаткина; УрСЭИ АТиСО. – Часть II. – Челябинск, 2010. – 44 с.

В методической разработке представлены термины банковскофинансовой сферы, тексты по тематике разделов и ряд упражнений.

Разработка предназначена для студентов III курса с целью развития навыков пользования финансово-экономическим словарем и овладения профессиональной лексикой по финансовой тематике на английском языке.

Составитель

Касаткина О.Е., ст. преподаватель кафедры

 

иностранных языков УрСЭИ

Рецензент

Кондратова Т.Н., ст. преподаватель кафедры

 

иностранных языков УрСЭИ

Рекомендовано к изданию редакционно-издательским советом УрСЭИ

©Уральский социально-экономический институт (филиал) Академии труда и социальных отношений, 2010

©Касаткина О.Е., 2010

2

ПРЕДИСЛОВИЕ

Данная методическая разработка является логическим продолжением разработки «Banking and Finance: Методическая разработка по финансовой терминологии» (Часть I. 2003 г.). Предназначена для студентов III курса специальности «Финансы и кредит», но может быть полезна студентам других специальностей при изучении экономической лексики.

Цель разработки – оказать помощь студентам в овладении профессиональной лексикой, развитии практических навыков пользования финансово-экономическим словарем и чтения экономической литературы.

Методическая разработка по финансовой терминологии (Часть II)

состоит из четырех разделов: «Monetary and Fiscal Policy», «The Federal Reserve», «Currency and Share Markets», «Chelindbank» («Финансово-

бюджетная политика», «Федеральная резервная система», «Валютные и фондовые рынки», «Челиндбанк»).

Структура разделов стереотипна. Каждый раздел включает экономические термины, основной и дополнительные тексты и ряд упражнений. Термины охватывают банковско-финансовую сферу. Тексты содержат специальную терминологию, представленную в первом задании, их тематика соответствует тематике уроков.

Вразработке также предлагается ряд упражнений по словообразованию, сопоставлению английских и русских эквивалентов и вопросы для контроля понимания текста. В упражнения включены слова и выражения из текста, что способствует их запоминанию. Предлагаемый минимум терминологии может в дальнейшем стать необходимой базой для более глубокого изучения специальной экономической литературы на английском языке.

Вразделе IV отражены масштабы деятельности Челиндбанка как крупного универсального банка Уральского региона:

клиентская база, представленная предприятиями различных отраслей промышленности области;

широкий спектр банковских услуг, предоставляемых частным лицам;

3

весь комплекс услуг по расчетно-кассовому обслуживанию, предлагаемых предприятиям и организациям;

валютные операции;

документарные операции;

управление рисками.

ВПриложении представлены копии аутентичной банковской документации на английском и русском языках для сравнительного анализа, в частности:

баланс Челиндбанка на 1 января 2003 года, отражающий активы, пассивы, собственные средства и внебалансовые обязательства (всего 36 статей);

аудиторское заключение по российским стандартам, выданное ООО

«Петербургский банковский аудит»;

аудиторское заключение по международным стандартам, выданное ЗАО «Прайсвотерхаус Куперс Аудит».

Студентам предоставлена возможность ознакомиться с банковской (бухгалтерской) отчетностью, заключением аудиторов, провести сравнительный анализ банковско-финансовой терминологии на английском языке и её русских эквивалентов.

Данная разработка может использоваться как на аудиторных занятиях под руководством преподавателя, так и для самостоятельной работы.

При составлении разработки использовались:

1.Англо-русский словарь по экономике и финансам / Под ред. проф., д-ра экон. наук А.В. Аникина. СПб.: Эконом. школа, 1993.

2.Michael Lannon. Insights into business. Nelson Business English, 2003.

3.Романов Л.В. Английский язык. Практика перевода: Учеб. пособие для студ. эконом. фак-тов / Л.В. Романов, О.А. Выставная. М., 2001.

4.Андрюшкин А.П. Деловой английский. СПб.: Норинт, 2001.

Раздел IV данной методической разработки составлен по материалам годового отчета Челиндбанка за 2002 год, любезно предоставленным администрацией банка.

4

UNIT 1

MONETARY AND FISCAL POLICY

1. Consult the Economic dictionary. Give the Russian equivalents for the words and word-combinations:

monetary

monetization: monetization of economy, monetization of surplus value

monetize

money: money in circulation, to coin money, to remit money, adulterated (counterfeit) money, commodity money, deposit money, fiat money, loanable money, pin money, soft money, vault money

moneyness

fiscal

supply: supply and demand, to supply a demand, to reconcile supply and demand, supply for consumption, domestic supply, money supply, office supplies

supplier: supplier of capital, overseas supplier

cost: at any cost, at heavy cost, below cost, free of cost, costs per day, cost for living, output (production) costs, cost and freight; cost, insurance, freight

costing

currency: in native currency, currency of money, common currency, decimal currency, free (freely convertible) currency, hard currency, soft currency

redeem

redeemability

5

redeemable: redeemable in cash

redemption: redemption in gold, to call for redemption, mandatory redemption, solicited redemption

assets: assets and liabilities, active assets, available assets, balance sheet assets, current (floating, working) assets, earning assets, fixed (capital) assets

account: have (keep) an account, to pay an account, to varify accounts, to withdraw from an account, assets account, balance sheet account, checking account, current (running) account, deposit account, interest-bearing transaction account, payment account, outstanding account, savings account

accountability accountable

accountancy: management accountancy accountant

accounting

withdraw: to withdraw a bid, to withdraw a bill, to withdraw a credit, to withdraw an order, to withdraw coins from circulation

withdrawal: check-like withdrawal, heavy withdrawal of deposits, inventory withdrawal, telephone withdrawal

2. Read and translate the text.

THE U.S. MONEY SUPPLY

A nation's money supply is based on either the production of a commodity or governmental fiat. Commodity money typically is based on valuable metals, particularly gold or silver. When a nation uses commodity money, the size of the money supply is determined by the cost of producing the commodity and the rate of production. During the late 1800s and early 1900s, U.S. currency was

6

based on the gold standard, which is to say that the United States promised to redeem its currency for a specified amount of gold.

Fiat money, on the other hand, does not have intrinsic value. It has value because people are willing to accept it. To increase a fiat money's acceptability, a government may make the currency legal tender, which means people are required by law to accept the money at its face value. Today the United States is on a fiat money system, in which the national government through its central bank, the Federal Reserve System, controls the money supply. U.S. currency is legal tender.

Yet the money supply in the United States consists of more than just coins and paper money. Checking account deposits are considered a form of money because they are spent when people write checks. In fact, in the United States, about three-fourths of all payments are made by check. When commercial banks make loans, they can create checking deposit money by giving the borrowers additional credit in their deposit accounts. The Federal Reserve System maintains control over this money creation by administering reserve requirements.

Economists measure the money supply in several ways that differ according to which assets are included in the measurements. One measure includes deposits in all interest-bearing accounts that can be used like checking accounts. Another includes savings accounts that cannot automatically be converted to make purchases. Banks can require advance notice of withdrawals from these accounts.

When the money supply increases, people have more money to spend, and demand for goods and services increases. As demand increases, businesses hire additional workers to increase output. This is an economic growth scenario. But, if output does not keep pace with demand, prices increase. When prices rise continuously, inflation results. This tends to cause problems for people whose incomes do not increase at a rate consistent with inflation.

7

Exercise 1. Give the Russian equivalents for the following from the text: production of a commodity; valuable metals; to redeem currency for a specified amount of gold; fiat money; to have intrinsic value; the Federal Reserve System; to control the money supply; interest-bearing accounts; checking accounts; to make purchases; to determine by the cost of producing the commodity; to spend money; economic growth scenario; to keep pace with demand; at a rate consistent with inflation.

Exercise 2. Give the English equivalents for the words and word-combinations:

денежная масса; товарные деньги; стоимость производства товара; производительность; золотой стандарт; с другой стороны; номинальная стоимость; законное платежное средство; монеты; выписывать чек; резервные требования; активы; сберегательный счет; снять со счета; спрос на товары и услуги.

Exercise 3. Look through the text and say if these statements are true or false.

1.The Federal Reserve System maintains control over the money creation.

2.Savings accounts can automatically be converted to make purchases.

3.Commodity money is based on gold or silver.

4.Banks don’t usually require advance notice of withdrawals from current accounts.

5.Fiat money has intrinsic value.

6.The U.S. money supply consists of just coins and paper money.

7.Prices rise if output keeps pace with demand.

8.When the money supply increases, demand for goods and services falls.

Exercise 4. Answer the questions:

1.What is a nation’s money supply based on?

2.What is fiat money?

3.What is the difference between commodity and fiat money?

8

4.What can be done to increase a fiat money acceptability?

5.Is there any other form of money besides paper money and coins?

6.What does the money supply of the U.S. consist of?

7.How many payments are made by checks in the USA?

8.How does the Federal Reserve System maintain control over the money creation?

9.What are the ways of measuring the money supply?

10.What happens when the money supply increases?

11.What is an economic growth scenario?

Exercise 5. Fill the gaps with the proper words from the list below:

Money in the U.S. Economy

The quantity of ____1____ in an economy is central to determining the

____2___ of that economy — it affects the ____3___ of prices, the ____4___ of economic growth and the level of ___5____. It is a medium of ___6____ that people will accept for their goods or ___7____ and a unit of account for prices or debts. In addition, it can be used like property or ____8___ metals — as a

____9___ of wealth that people can save for ____10___ purchases.

Money in the United States consists of coins and paper currency. According to ___11____ law, only the U.S. Treasury and the Federal Reserve System can issue U.S. ___12____. The Treasury issues all coins, while the Federal Reserve and the Treasury each issue a type of paper money — Federal Reserve notes and United States notes, respectively. All U.S. currency carries the nation's official

___13____, "In God We Trust."

Coins come in various denominations based on the value of a dollar: the penny, one cent or one-hundredth of a dollar; the nickel, five cents or

_____14______ of a dollar; the dime, 10 cents or ten-hundredths of a dollar; the quarter, 25 cents or one-fourth of a dollar; the 50 cent piece or half-dollar; and the one-dollar ____15___.

9

Paper money issued in the United States consists almost entirely of Federal Reserve notes, which are issued by the 12 Federal Reserve Banks in the Federal Reserve System. These ___16____ come in denominations of $ 1, $2, $5, $ 10, $20, $50, and $ 100. Until 1969 the Federal Reserve Banks also issued $500, $ 1,000, $5,000, and $ 10,000 notes.

The U.S. Treasury ___17____ the only other paper money in the United States today, and these notes are issued only in $ 100 denominations. Both United States notes and Federal Reserve notes carry the printed ___18____ of the secretary of the treasury and the treasurer of the United States.

currency, exchange, state, rate, notes, level, coin, services, employment, store, money, signature, issues, five-hundredth, future, federal, precious, motto

Exercise 6. Read the text and render the information

Fiscal policy

The government can also use its own spending and taxing activities to achieve specific objectives. This is called fiscal policy. By increasing or decreasing its spending or taxing programs, the federal government may reduce or increase demand for goods and services. If the government reduces its own spending, it buys less from businesses, reducing sales and earnings, and people have less money to spend. Similarly, if the government raises taxes, people have less money to spend. Moreover, spending and taxing policies work together to increase or decrease aggregate demand.

Fiscal policy uses budget deficits or surpluses to promote economic stability and growth. In the United States, some fiscal policy tools work automatically – without action being taken by the p resident or Congress. The progressive income tax, for example, is generally considered to promote stability automatically. It tends to reduce the government's collection of revenue when personal and business incomes are declining, and thus helps offset the cutbacks

10