- •Составители: а. А. Авакян, и. В. Кирсанова
- •Unit 1 the individual and society
- •Activities
- •Read and translate the text
- •Learn the vocabulary:
- •Fill in the blanks using the following words:
- •4. Suggest the English equivalents to the following words and word combinations
- •5. Put the sentences into Past and Future Simple
- •6. Answer the following questions:
- •7. Find synonyms among these words:
- •Find antonyms among the following words:
- •Home reading. Read the text and explain the meanings of the following terms:
- •Capital
- •Unit 2 management
- •Activities
- •1. Learn the vocabulary
- •2. Answer the following questions
- •3. Find the English equivalents using the text
- •4. Fill in the blanks
- •5. Translate into English
- •6. Speak on the following
- •7. Home reading. Read and translate the text areas of management
- •Unit 3 money
- •Activities
- •1. Learn the words. Cover the words and test your memory, while looking at the translation:
- •2. Make sentences using the following words:
- •3. Give 3 forms of the verbs:
- •4. Fill in the blanks using verbs in brackets:
- •5. Translate and answer the questions:
- •6. Put in prepositions and translate sentences:
- •7. Home reading. Read and retell the text in English and Russian: regulation and token money
- •Unit 4 functions of money
- •Activities
- •Read and translate the text
- •Learn the vocabulary:
- •3. Translate and answer the questions:
- •Using suffixes -er, -or, -ier, -ent, -ial, elc., give nouns which are related to following:
- •Find synonyms among the following words:
- •7. Make up questions to the words in italics:
- •8. Home reading. Read and translate the text. Suggest the title:
- •Unit 5 the structure and functions of a bank
- •Activities
- •Find in the text English equivalents for the following words:
- •Find the nouns that are qualified in the passage by these adjectives and make up sentences of you own:
- •Fill in the blanks with proper words or phrases:
- •Find proper definition:
- •Role play:
- •Translate the following word combinations. Make up sentences of your own:
- •7. Make up sentences using these words:
- •8. Home reading. Read and translate the text. Give a short summary of it change of banking practices.
- •Unit 6 banking and monetary policy
- •Activities
- •Read and translate the text
- •Learn the vocabulary:
- •Put one of the given words or word combinations into the blanks:
- •4. Translate the sentences into Russian
- •5. Put in prepositions
- •Make up five sentences using one of the following word combinations:
- •8. Dialogue: structure and functions of a bank
- •Activities
- •1. Learn the vocabulary:
- •2. Read and translate the text the british banking system
- •The Bank of England
- •Unit 7
- •Interest rates
- •Activities
- •5. Translate into English using Future Tenses or Present Tenses with Future meaning
- •6. Find proper definitions:
- •7. Put the verbs in brackets into a proper form according to the model
- •8. Translate into Russian:
- •9. Home reading: retail banks
- •Unit 8 types of accounts
- •Activities
- •Answer the following questions
- •2. Learn the vocabulary
- •Using the words in brackets as a guide, explain the meaning of the following terms:
- •Demonstrate the meaning of the following expressions in sentences of your own
- •Find synonyms
- •6. Fill in the blanks with proper words or word combinations:
- •7. Say what you have learnt from the text about
- •Home reading. Read the dialogue and give a short summary in English
- •Activities
-
Make up five sentences using one of the following word combinations:
financial symposium; to run the investment house; to disagree with; to do a good deal of business; to repay the staggering sums of money.
8. Dialogue: structure and functions of a bank
Tracy: Who really owns the bank?
Charles: The stockholders own it. In the beginning, they put up the necessary capital and were granted a charter from the government.
Tracy: Are the members of the board of directors stockholders?
Charles: Oh, yes. They're chosen by the other stockholders to operate the bank.
Tracy: And the board hires the president and the vice-president to manage it.
Charles: That's right. Along with the cashier, the tellers and the clerical workers.
Tracy: I guess most of your work has to do with checking and savings accounts and making loans.
Charles: Yes. But we invest money too. Planning the bank's investments is also very important.
Tracy: Do you divide all the profits among the stockholders?
Charles: Not all of them. The stockholders receive regular dividends. But some of our earnings are held in reserve accounts.
Tracy: I suppose that would be necessary.
Charles: Here's a copy of our last published statement. You see the reserves are shown here as surplus and undivided profits.
Activities
1. Learn the vocabulary:
own, v - владеть
stockholder - акционер
in the beginning - вначале
put up - зд. вносить деньги
to grant a charter - предоставлять разрешение, лицензию
board - зд. правление
choose, v - выбирать, избирать
hire, v - зд. назначать
cashier - зд. главный кассир, главный экономист
teller - зд. кассир-оператор
guess, v - полагать, думать
checking account - банковский счет
savings account - сберегательный счет
to make loans - предоставлять займы, кредиты
divide, v - делить
profit - прибыль
earnings - зд. прибыль
suppose, v - предполагать
statement - зд. отчет
surplus - зд. остаток
2. Read and translate the text the british banking system
The Bankers' Clearing House
The transmission of payments by means of cheques creates problems when the person making the payment has an account in a different bank from the person receiving the payment. The final settlement obviously requires a movement of money from one bank to another. In any one day there will be millions of cheques which require such inter-bank transactions to be carried out. Fortunately, many of these transfers of money will offset each other. There will be a large number of cheques drawn on accounts in Bank A that are payable to accounts in Bank B, but there will also be a large number of cheques requiring a transfer of funds in the opposite direction.
Each bank in a multi-bank system will find itself in this kind of situation at the end of each day. An obvious solution is for each bank to pay (or receive) the net amount owing after the banks have totalled their claims against each other. This is the function of the Bankers' Clearing House. Cheques which are drawn on one bank but payable to another are sent to the clearing house where mutual claims are offset against one another, and the banks merely settle the outstanding amounts. These payments from one bank to another are carried out by means of cheques drawn on accounts which the clearing banks keep at the Bank of England. On an average day in 1986, some 6—7 million cheques, with a total value of f27000 million, were exchanged and cleared.
The operational members of the London Clearing House are Barclays, the Mid-land, Lloyds, the National Westminster, Coutts and Co., Williams and Glyn's, the Co-operative Bank, the Trustee Savings Bank, the National Giro Bank and the Bank of England. Non-clearing banks have agency arrangements with the clearing banks, although there are proposals to extend membership of the Bankers' Clearing House. There are three Scottish clearing banks, with their own clearing system: the Bank of Scotland, the Clydesdale and the Royal Bank of Scotland.