Exercise 2. Notice the sentence from the dialogue. You need several days for that. Use this structure to respond the following sentences.

Model: It takes a month to sell the bonds. You need a month to sell the bonds.

1. It will take a half of the year to pay off the debts.

2. It takes her several days to count up net assets.

3. It won't take the company much time to repay the loan.

4. It will take him the rest of his life to learn how to run the corporation.

5. It takes them two days to sell the goods.

6. It will take them much time to decrease the outflow.

7. It will take him a month to raise the capital.

Exercise 3. Answer the questions.

1. What kind of funding is preferable: equity or debt?

2. What shares of what enterprises of your town would you buy? Explain why.

3. Imagine that your business is going to gel capital funds by borrowing. What bond interest would

you charge? Explain why.

4. What should you do to produce more inflow of capital?

5. How can you calculate the net assets of your enterprise?

6. What traits of character does a stockbroker need?

Exercise 4. Translate from Russian into English.

1. Наше предприятие нуждается в денежных фондах для покупки оборудования.

2. Я предпочитаю акционерный способ образования денежного фонда предприятии. Он привлекает

большее количество капитала.

3. Акции и облигации могут быть переуступлены, куплены, проданы.

4. Я хочу купить десятипроцентные облигации.

5. Мы намерены выплатить все долги к началу финансового года.

6. Ты получишь хорошую прибыль при продаже этих товаров.

7. Он является совладельцем компании SONY.

8. Покупка акций этой компании - хороший долгосрочный вклад.

9. Если речь идет о моих деньгах, я изучу годовой отчет компании.

Grammar Exercises Exercise 1. Make the sentences negative.

Model: This bank was making loans to corporations during two months last year. This bank wasn't making loans to corporations during two months last year.

1. They were discussing the possibility of the purchase of inventory from 5 till 6 p.m. yesterday.

2. He was running the corporation during two months.

3. During our last classes the. lecturer was speaking about equity funding.

4. Our accountant was calculating assets liabilities and net worth two days before yesterday.

5. They were electing the new Board of Directors for two hours at their annual meeting.

Exercise 2. Put up four questions of different types (general, special, disjunctive, alternative) to each sentence.

Model: The company was doing extremely well when he was the manager.

1. Was the company doing extremely well when he was the manager?

2. When was the company doing extremely well?

3. The company was doing extremely well when he was the manager, wasn't it?

4. Was the company doing well or badly when he was the manager of the company?

1. I was examining the Annual Report when Mr. Stevenson called on me.

2. She was making a profit on the sale of the goods till she could get them.

3. He was holding a position of a stockbroker when I met him last year.

4. The shop was attracting many customers, when it was supplied by famous companies.

5. They were investing money in this business for two years.

LESSON 8

В а n к s a n d в u s 1 n e s s Text

Banks are different in different countries. Let' s speak about the banks in the United-Slates of America. There, commercial banks are classified into two main groups. First, there are national banks. They are charted and supervised by the Federal Government. Secondly, there a re slate banks. They are charted and supervised by the stale in which they are operated. All commercial banks can make loans to borrowers

Major commercial banks in such cities as Tokyo, Paris, Rio cooperate with each other. In this way they finance imports and exports between countries.

An importer buys merchandise from another country using the currency of that country. For that purpose he buys this currency from the foreign exchange department of his bank. And in the same way if an exporter receives foreign money from sales to other countries, he sells this currency to his bank. By this method the currency of any country can usually be exchanged.