Тема: історичний характер фінансів the hictorical character of finances (стр. 2 )

Task 2. Put the nouns in plural where it is necessary.

1. finance - 8. regalia – 15. index -

2. money – 9. datum - 16. enterprise –

3. revenue - 10. phenomenon – 17. means -

4. object – 11. fishery - 18. crises –

5. tax - 12. property – 19. politics -

6. category – 13. duty - 20. man –

7. society - 14. subsidy – 21. news -

Task 3. Match the words with their Ukrainian equivalents.

1. state revenues	a. доменіальний устрій
2. tribute	b. товарно-грошові відносини
3. profit tax	c. стягати збори
4. domain order	d. грошові кошти
5. expenditures	e. валовий внутрішній продукт
6. money assets	f. державні доходи
modity-money relations	g. збори та податі
8. Gross Domestic Product	h. фінансові показники
9. duties and charges	i. суб’єкти господарювання
10. to levy duties	j. податок на прибуток
11. market participants	k. витрати
12. financial indices	l. данина

Task 4. Match the following notions with the necessary definitions.

1. economics	a. The profit of a company before any deduction has been made concerning corporation tax.
2. tribute	b. A tax levied on the income of individuals or businesses (corporations or other legal entities).
3. profit before tax	c. The social science that is concerned with the production, distribution, and consumption of goods and services.
4. money	d. Wealth one party gives to another as a sign of respect or, as was often the case in historical contexts, of submission or allegiance.
5. income tax	e. Is anything that is generally accepted as payment for goods and services and repayment of debts.

Task ment on the picture. Do it in the written form and then orally.

Bactrians carrying tribute,

Persepolis

Task 6. Do the tests.

Test 1. Banks. Choose the correct answer.

A lot of foreign banks ……….. this country lately.

a. have left

b. have established

c. have robbed

d. have founded

The … of the pound has fallen recently.

a. expense

b. price

c. value

d. worth

In order to buy his house Mr Not-Too-Rich had to obtain a large ….. from his bank.

a. capital

b. debt

c. finance

d. loan

The accounts show a ….. of $ 500 this month.

a. decrease

b. deficit

c. deterioration

d. devaluation

Violetta drew ….. all her savings from the bank to pay for her trip to Thailand.

a. along

b. in

c. out

d. up

The bank will require three ….. signatures when you open an account.

a. natural

b. sample

c. specimen

d. trial

Miss Thrifty phoned the bank to ….. how much money there was in her account.

a. check

b. control

c. inspect

d. test

Corruption in the running of the town’s largest bank has recently been … in the local newspaper.

mented

b. discovered

c. exposed

d. found

Many people save money to ….. for their old age.

a. cater

b. equip

c. provide

d. supply

Mr Royce had to ….. all his savings from the bank to pay for a new car.

a. exchange

b. retire

c. subtract

d. withdraw

The bank is offering a ….. to anyone who can give information about the robbery.

pensation

b. prize

c. premium

d. reward

The ….. of the bank where I work is in the suburbs.

a. branch

b. house

c. quarter

d. seat

I didn’t write it. That’s not my ….. on the cheque.

a. firm

b. letter

c. mark

d. signature

I’m afraid that the bank will refuse my application for an extended ….. .

a. balance

pensation

c. estimate

d. worth

At this bank you can get 14% ….. on your savings.

a. interest

b. rate

c. rent

d. salary

I want $ 500-worth of French francs. What is the … rate, please?

a. currency

b. exchange

c. market

d. money

Miss Positive ….. the bank manager that she would be able to repay the loan.

a. assured

b. ensured

c. certified

d. insured

The debt should be paid ….. within thirty days of receiving this statement.

a. all over

b. as a whole

c. for good

d. in full

I have just ….. an account in this bank.

a. entered

b. made

c. opened

d. registered

Miss Thrifty ….. only $ 15 out of the bank every week.

a. draws

b. extracts

c. pulls

d. removes

Please complete the ….. form and return it to the branch manager.

a. encased

b. enclosed

c. enveloped

d. inserted

We ….. to inform you that settlement of your account is three months overdue.

a. apologize

b. are displeased

c. dislike

d. regret

$ 1 is ….. to 1.6 German marks.

parable

b. changeable

c. equivalent

d. variable

We cannot give you the money until you show us some form of …..: a passport or a driving licence will do.

a. identification

b. identity

c. paper

d. surety

Test 2. Banks. Put each of the following words or phrases into its correct place in the text below.

account bank bank income credited creditor

debtor deposit depositors funds hide

interest loan paid pocket record

safekeeping save spend withdraw

People (1) ….. money in bank for future use. A man may be (2) ….. each week for his work. He probably will not want to (3) ….. all his pay the day he receives it. It may be risky for him to carry all his unspent money in his (4) ….. , or to (5) ….. it at home. So he may decide to put some of his money in a bank for (6)…… . The money he puts in the bank is called a (7) ……. . This money is (8)…... , or added, to his (9) ….. . An account is a (10) ….. of the money a depositor has in the bank. When the depositor wants to (11) ….. , or take out, part of his deposit, the (12) ….. must be ready to pay him.

Banks use the money of (13) ….. for loans to those who need (14) ….. . The bank that makes the loan is called a lender, or (15) ….. . The bank charges the borrower, or (16) ….. , interest for the use of (17) ….. . Charging (18) ….. for the use of money is the chief source of (19) ….. .

Test 3. Banks. Choose the correct answer.

1. Please find enclosed our ….. scale for life insurance premiums.

a. gauging

b. raising

c. sliding

d. slipping

2. My enquiries did not ….. any information of value.

a. affect

b. arouse

c. elicit

d. extort

3. His bank manager decided to give him financial ….. for the new shop.

a. backing

b. footing

c. lifting

d. standing

4. Many people who go to see their bank manager have a ….. problem.

a. cash-book

b. cashing up

c. cash flow

d. petty cash

5. Reminders must be sent out to all customers whose accounts are more than a month ….. .

a. indebted

b. overdue

c. unbalanced

d. unpaid

6. The notes in the wallet were all ….. American dollars.

a. counterfeit

b. false

c. mimic

d. mock

Enjoy the jokes. Say if the jokes are true to any degree or not.

Joke “Enough money”

There is the story of a preacher who got up one Sunday and announced to his congregation: "I have good news and bad news. The good news is, we have enough money to pay for our new building program. The bad news is, it's still out there

in your pockets."

Joke “Successful lawyer”

The local United Way office realized that it had never received a donation from the town's most successful lawyer. The volunteer in charge of contributions called him to persuade him to contribute. "Our research shows that out of a yearly income of more than $600,000 you give not a penny to charity. Wouldn't you like to give back to the community in some way?"

The lawyer mulled this over for a moment and replied, "First, did your research also show that my mother is dying after a long illness, and has medical bills that are

several times her annual income?" Embarrassed, the United Way rep mumbled, "Um... No."

"Second, that my brother, a disabled veteran, is blind and confined to a wheel chair?" The stricken United Way rep began to stammer out an apology, but was cut off.

Joke “Who gets it?”

Santa Claus, the tooth fairy, an honest lawyer and an old drunk are walking down the street together when they simultaneously spot a hundred dollar bill. Who gets it?

The old drunk, of course; the other three are mythological creatures.

Answers:

Task 6:

Test 1. Banks.

1. b 5. c 9. c 13. d 17. a 21. b

2. c 6. c 10. d 14. d 18. d 22. d

3. d 7. a 11. d 15. a 19. c 23. c

4. b 8. c 12. a 16. b 20. a 24. a

Test 2. Banks.

People (1) SAVE money in bank for future use. A man may be (2) PAID each week for his work. He probably will not want to (3) SPEND all his pay the day he receives it. It may be risky for him to carry all his unspent money in his (4)POCKET, or to (5) HIDE it at home. So he may decide to put some of his money in a bank for (6) SAFEKEEPING. The money he puts in the bank is called a (7)DEPOSIT. This money is (8) CREDITED, or added, to his (9) ACCOUNT. An account is a (10) RECORD of the money a depositor has in the bank. When the depositor wants to (11) WITHDRAW, or take out, part of his deposit, the (12)BANK must be ready to pay him.

Banks use the money of (13) DEPOSITORS for loans to those who need (14) FUNDS. The bank that makes the loan is called a lender, or (15) CREDITOR. The bank charges the borrower, or (16) DEBTOR, interest for the use of (17)LOAN. Charging (18) INTEREST for the use of money is the chief source of (19) BANK INCOME.

Test 3. Banks.

1. c 2. c 3. a 4. c 5. b 6.a

Literature used:

Фінанси: Підручник. – К: Центр навчальної літератури, 2004. – 312с. Рудешко Є., Англо-український словник термінів з обліково-фінансової діяльності та банківської справи з тлумаченням анлійською мовою. Ч.1,2. – К.: Київ. нац. Торг.- екон. ун-т, 2002. – 233с.

Миштал Мариуш. Thematic vocabulary = Тематические тесты по английскому языку: Пособие. – К.: Знання, 2007. – 352с.

FOR NOTES

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