Vocabulary

checking account – 1) специальный счет, с которого снимаются деньги по чекам клиента; 2) счет, позволяющий в любой момент вносить и снимать деньги (до востребования)

rate of interest – процент, процентная ставка, норма процента

liabilities – задолженность

assets – актив (баланса)

retail bank – банк, занимающийся обслуживанием мелкой клиентуры

underwriter-гарант размещения (займа, акций и т.п.)

issue of shares-выпуск акций

intermediary - посредник

merger – слияние, объединение (коммерческое ,промышленное и т.п.)

acquisition -1) получение; 2) приобретение (действие), сбор

building society.- жилищно-строительное общество

management buy-outs – выкуп права на управление

III. Give Russian equivalents for the following.

To carry out, to take deposits, to make loans, in essence, to make a profit, to be supervised by, to vary from one country to another, in addition to, issue credit cards, provide in­vestment, to act as intermediar­ies, to play a fundamental role, in order to, with the aim of at­tracting small savers, nonprofit-making orga­nization, to be widespread.

IV. Insert the missing words given in brackets.

1. … , a bank aims to make a profit by paying depositors a lower rate of interest than the rate the bank charges borrowers.

2. Banks … are supervised by a central bank, such as the Bank of England in the United Kingdom, the Bundesbank in Germany, the Federal Reserve System in the United States and Central Bank in Russia.

2. Retail banks often … as commercial banks.

4. Building societies … in the United King­dom … in order to provide long-term loans (mortgages) to homebuyers.

5. Credit unions …, and are run as a cooperative nonprofit-making orga­nization.

(To take deposits, to be the equivalents of savings banks, to refer to, in most countries, in essence, to be set up)

V. Complete the following sentences.

1. Banks are organizations that carry out …

2. In accounting terms, deposits are considered …

3. In addition to conventional banking services, …

4. Merchant or investment banks act as intermediar­ies between…

5. In the United -Kingdom some of the longest established and …

VI. Agree or disagree to the following.

1. Banks are organizations that carry out the business of banking, taking deposits and then using those", deposits to make loans.

2. A bank aims to make depositors richer by paying them a higher rate of interest than the rate the bank charges borrowers.

3. There are different types of banks, but their structure is the same.

4. Retail banks are quite different from commercial banks.

5. In addition to conventional banking services, such as the provision of chequing accounts, they deal in foreign exchange, issue credit cards, provide in­vestment and tax advice, and sell financial products such as insurance.

6. In the United -Kingdom some of the longest established and best-known merchant banks belong to the government.

7. Building societies were set up in the United King­dom to take deposits in order to provide short-term loans to car buyers.

8. Savings Banks were set up with the aim of at­tracting large enterprises.

9. Credit unions are the equivalents of savings banks, and are run as a cooperative nonprofit-making orga­nization.

10. Credit unions are widespread in New Zealand.

11. Austalia's biggest bank, Credit Agricole, is es­sentially a federation of more than 1,000 credit uni­ons.

12. Universal banks can provide all kinds of operations.