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.

50

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.

51

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.

Active Vocabulary

commercial bank - коммерческий банк

national bank - национальный банк

to charter - учреждать, создавать

to supervise - заведовать, контролировать

stale bank - государственный банк

merchandise - товары

currency - валюта, деньги

foreign exchange department- отдел обмена валюты

to exchange currency - обменивать валюту

52

Comprehension Questions

1. What do all commercial banks do?

2. What kinds of commercial banks in the USA do you know? What are they called?

3. Who supervises the operations of national bank?

4. What kind of currency does an importer generally use when he buys goods from another country?

5. What do you know about the "intern" "ional exchange"?

6. What is the currency of this country called?

7. What is the exchange rate between your currency and the currency of the USA and Germany? How can you

find it out if you don't know it?

Vocabulary Practice Exercise 1. Choose the necessary word and put it in the sentence.

1. Federal government..... and ..... all | 1 merchandise

national banks. | 2 currency

2. International cooperation between |

banks makes it possible ..... imports and |

exports. | 3 commercial

3. It is possible to convert American |

dollars to Swiss francs in ..... department. | 4 foreign exchange

4. The ..... of Germany is the mark. | 5 to finance

5. All..... banks make loans to borrowers. | 6 to supervise

6. If the importer buys ..... from another |

country he will pay for it in the currency |

of this country. | 7 to charter