Vocabulary

 

payment agent – посредник в платежах

checking – контроль, проверка

term deposit – срочный вклад

debt securities – ценные бумаги – долговые свидетельства

bond – долговое обязательство, облигация installment loan – кредит с платежом в рассрочку national money stock – государственные запасы денег financial intermediary – финансовый посредник

saving bank – сбербанк

trust company – трастовая компания

insurance company – страховая компания

 

12. Give Russian equivalents:

financial institution

current account to issue

to make advances

marketable

to lend money to make loans

paper currency

public welfare

 

13. Choose words from the list to fill in the gaps, then use them to make sentences:

debt, current, payment, installment, financial, term

1. account

2. deposit

3. loan

4. securities

5. agent

6. service

 

14. Answer the questions:

1. What is a bank?

2. What functions do banks perform?

3. What are the principle types of banks?

4. What is the difference between central banks and commercial banks?

5. What institutions are called financial intermediaries?

 

15. Make notes under the following headings:A Bank, The

Principal Types Of Banks, Financial Intermediaries.

 

16. Close your books, look at your notes an talk about economy. Use words/phrases from the list to help you retell the text:financial institution, provide, conduct, borrow money, issue, lend money, make loans, paper currency, financial intermediaries.

 

Unit 2