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Over to you:

  1. Supply the missing questions for the part of a. Act out the dialogue with a partner.

Deposit accounts and investment

A: ………

B: Well, to put in simply, a current account is used for handling day-to-day finances, whereas a deposit account is really for saving money. That’s why children can opne me.

A: ………

B: Yes, that’s right. In fact, you can save regularly by transferring a certain sum every month from your current account to your deposit account, where it can earn interest. You can do this by standing order.

A: ………

B: Well, when you open the account, we give you a paying-in book. With this you can deposit money at any branch, but if you don’t have it with you, you can use one of the branch’s Bank Giro credit slips.

A: ………

B: Then you use a withdrawal slip. But don’t forget to give us a week’s notice. If you want money immediately, you lose some interest.

A: ………

B: For the short-term saver, yes. If you can leave your money with us for a longer period, like six months, you could open a Special Savings Account.

A: ………

B: Well, as we have your money for a minimum of six months we pay you interest at 1% above normal rate or Base Rate, which is fixed by the Bank of England.

A: ………

B: This is very completed. It depends on how much money you want to invest or for how long. Also it’s possible to lose money with some forms of investment, whereas deposit and savings accounts are safe. Generally, the greater the risk, the bigger the return. Now, if you tell me a little more about your finances, I’ll try to advise you.

  1. Say which of the following accounts you would prefer and give your reasons:

- current account;

- deposit account;

- regular savings account.

  1. Speak about the new banking services when have been introduced for the last decade. Give examples. Unit II

International Financial Institutions

Vocabulary Notes

  1. to incorporate – объединять, включать

  2. to assume – принимать на себя

  3. to be involved in – быть вовлеченным

  4. war-torn – разоренный войной

  5. alleviation – облегчение

  6. to borrow from capital markets – заимствовать на рынке капитала

  7. non-profit organizations – некоммерческие организации

  8. affluent – обильный, богатый

  9. to honour – зд. платить в срок

  10. to support endeavors – приветствовать начинания

  11. venture capital – капитал на создание нового предприятия

  12. to disburse – расплачиваться

  13. prior to – предшествующий

  14. to replenish smth. – пополнять

Reading Tasks.

1. Understanding main points:

  1. What are the main objectives of the World Bank?

  2. What was the main focus of the World Bank in the 80th?

  3. How are the funds of the World Bank replenished?

  4. What are supplementary services provided by the World Bank to member states?

  5. Why does the Board of Directors meet so frequently?

2. Understanding details. Mark True (t) and False (f) statements according to the text.

  1. The main goal of the World Bank is the reduction of poverty.

  2. The strategy of the World Bank hasn’t changed since its foundation in 1944.

  3. Primarily the Bank’s mission is to help developing countries promote their economic growth.

  4. The Bank replenishes funds from non-governmental organization and the IMF.

  5. Investment loans are the main ones provided by the Bank.