ФЕДЕРАЛЬНОЕ АГЕНТСТВО ПО ОБРАЗОВАНИЮ

КАЗАНСКИЙ ГОСУДАРСТВЕННЫЙ ФИНАНСОВО-ЭКОНОМИЧЕСКИЙ ИНСТИТУТ

Кафедра иностранных языков

УЧЕБНО-МЕТОДИЧЕСКАЯ РАЗРАБОТКА

по английскому языку

«Let’s practise!»

(Part II)

(лексические упражнения к учебнику «English for students of Economics» часть I)

Казань 2007

Обсуждена на заседании кафедры 08.05.07, протокол

Автор: преподаватель

Рецензент: ст. преп.

Данная учебно-методическая разработка предназначена для аудиторной работы студентов I курса и является II частью приложения к учебнику «English for students of Economics» (часть I), рекомендованного УМО по образованию в области лингвистики Министерства образования Российской Федерации.

Пособие предназначено для работы с вокабуляром профессиональной направленности и направлено на формирование у студентов практических навыков употребления лексики из текстов для домашнего чтения (Texts for home reading).

Содержание данной разработки соответствует учебной программе по предмету «Английский язык» КГФЭИ и соответствует требованиям Государственного образовательного стандарта.

Contents:

Text1. Credits……………………………………………………………………-4-

Text 2. Money........................................................................................................-5-

Text 3. Banks.........................................................................................................-7-

Text 4. Taxes and production…………………………………………………..-9-

Text 5. Entrepreneurship……………………………………………………...-12-

НЕ нашли? Не то? Что вы ищете?

Text 6. Unemployment and job hunting ……………………………………..-13-

Text 7. Farming and land tenure……………………………………………...-16-

Text 8. Stock and commodity exchanges……………………………………..-17-

Text 9. Advertising …………………………………………………………….-19-

Text 10. Housing and mortgages ……………………………………………..-21-

Text 11. Insurance..............................................................................................-23-

Text 1. Credits

Read the text “Credits” (English for students of Economics, p.59) and do the following tasks:

I. Say whether the statements are true or false. Correct the false ones:

1) Crediting system is very simple and it is used all over the world.

2) Absolutely anybody is allowed to open a credit account in a bank.

3) If you use a credit card you can spend as much money with it as you want.

4) It’s easier to do shopping with a credit card.

5) If you have spent more money than the credit allowed, you have to ask a company for a new credit card.

6) Generally speaking a credit card can pay all your expenses.

II. Match the words with their definitions:

1) exhaust

2) accept

3) turnover

4) defray

5) exceed

6) solvency

7) Interest

8) issue

a) the amount of business done during a particular period

b) to give someone back the money that they have spent on something

c) having enough money to pay your debts

d) take something that someone offers you

e) the extra money that you must pay back when you borrow money

f) to use all of something

g) to officially produce something

h) to be more than a particular number or amount

II. Fill in the gaps using the words from the box. You may have to change the form of some verbs:

to allow to accept system to defray to recommend account

cost agreement limit holder store convenience

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Crediting (1)........... is used almost all over the world nowadays. It has become so popular with people mainly because of it's (2)............ and availability. Having opened a credit (3)... in a bank or any credit company one can generally speaking use the money of the bank for his own needs. A credit card (4).......... can feel the advantage of using a credit card wherever it is (5).........., be it a filling station, a restaurant or a (6).......... . But the sum of money that you can use is restricted to a certain (7).......... which is indicated in the (8)........... that you arrange with a credit (9)........... If you spend more money than the credit (10)………. you to, any bank manager will (11)........... you to (12)........... the debt as soon as possible.

III. Use the words from the above tasks to describe crediting system in our country.

Text 2. Money

Read the text “Money” (English for students of Economics, p.60) and do the following tasks:

I. Say whether these statements are true or false:

1) The only reason why Americans keep money in the bank is that it is safe there.

2) A change in the prime rate level can stimulate investment into various spheres of economy.

3) Having borrowed the money from the Federal Reserve Bank a local bank usually lends it out at the same rate.

4) The higher the prime rate the safer it is to invest in long-term operations.

II. Find the words in the text to match these definitions:

1) to officially tell people about a decision or something that will happen;

2) a group of people, organizations that are connected or working together ;

3) money that you gain by selling things or doing business;

4) people's need to buy or use particular goods or services;

5) involving or understood by everyone in the world;

6) a government's department that controls the money the country collects;

7) extremely important and necessary;

8) an agreement or arrangement;

9) to fill again or put new supplies.

plete the sentences with the words from task II:

1) Ford has increased production in order to meet ………. .

2) They sold the business and bought a yacht with the …….… .

3) The industry is of ………. importance to the national economy.

4) We've made a ………. with Germany on wine imports.

5) The proposal has not met with the ……….. agreement, as some countries are against such radical measures.

6) We have a nationwide………. of financial advisors.

7) I'm pleased to………. that the Board has agreed to create 500 new jobs in our sales division.

IV. Choose the suitable definition for the following words:

1) to borrow means:

- to purchase smth with a credit card;

- to use something that belongs to someone else;

- to take something from another person without his permission.

2) a prime rate is:

- the lowest rate available for borrowing money;

- the highest rate available for borrowing money;

- the interest the bank pays you on your money.

3) to lend means:

- to present something to someone as a gift;

- to give someone something for a certain period of time;

- to invest money into business.

4) on the easiest terms means:

- involving high interest, not profitable;

- the fastest way of making an arrangement with a bank;

- paying the smallest amounts over a long time.

V. Use the words from the above tasks to describe the Federal government's regulation mechanism.

Text 3. Banks

Read the text “Banks” (English for students of Economics, p. 61) and do the following tasks:

I. Match the paragraphs with the things mentioned in them:

a. Banks have the power to influence the economic development of certain geographical areas and attract capital to those spheres where it is needed.

b. Banks are involved in various operations which in their turn are aimed at earning the bank the profit.

c. The Federal government is responsible for making sure that the clients’ money is safe in the bank.

d. The more money is invested in the bank by the clients the more profit it can make, therefore banks are interested in attracting more customers.

II. Find the words in the text which have the opposite meaning to the words below:

ü impossible

ü loss

ü expensively

ü progress

ü make difficult

ü increase

ü get behind

ü flourishing

III. Match the nouns and verbs as they are used in the text:

attract

cause

shift

keep in

take

cater

take out

promote

money

demise

buyers

growth

insurance

measures

companies

circulation

IV. Replace the words in italics with expressions from the previous task:

1) Banks often have to reduce lending rates in order to get more customers interested.

2) Charter One Bank is known for providing business organizations with loans on easy terms.

3) The increasing of the capital in circulation provides the bank with more opportunities and therefore helps its development.

4) Incompetent governing of the newly created network of banks was the reason for its failure.

5) It’s necessary for the store to protect itself against robbery in order to refund the loss.

V. Use the words from the above tasks to speak on banks’ activities in Russia.

Text 4. Taxes and production

Read the text “Taxes and production” (English for students of Economics, p.62) and do the following tasks:

I. Fill in the table forming groups of derivatives. Translate the words:

Noun

Verb

Adjective

Adverb

inheritance

inherit

__

__

Inheritance, failure, heir, obligation, introduction, successful, dependent, solution, independently, deductions, fail, obligatory, employment, dependence, earn, earnings, inherit, employee, introductory, obliged, deduct, competitor, occupation, succeed, introduce, competition, independent, success, depend, successfully, employ, dependant, solve, occupy, compete, employer.

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