Vocabulary.

to buy	покупать
to borrow from	занимать деньги где-либо, у кого-либо
a loan	заем
price	(n) цена
to include	включать
cost	расход, затрата, стоимость
personal savings	личные сбережения
to invest	инвестировать, вкладывать деньги в ч.-л.
to pay back the loan	выплачивать долг, заем
to depend on	зависеть от чего-л.
monthly repayment	ежемесячная сумма погашения долга (выплат по займу)
interest rate	процентная ставка
monthly income	ежемесячный доход

Ex. 1.

Match the word with its meaning.

1.borrow a) доход

2.price b)сбережения

3.income c)заем

4.savings d)выплачивать, возвращать

5.loan e)процентная ставка

6.repay f) стоимость, цена

7.intevest rate g)занимать

Text 2.

Read and translate the text. What are the five ways of borrowing money?

Borrowing money.

Most people who have a problem with cash flow phone the bank and ask for an overdraft. It is quick and easy? But it is not always sheap Lloyds Bank, for example is currently charging 18.8% per year plus a monthly fee of £ 8.

Instead of an overdraft, why not arrange a personal loan? An overdraft is really a short-tesm measure for one or two months, but a personal loan is often a better idea because the repayments are structured over a pre-arranged period. Lloyd Bank Charges customers an annual percentage rate of 16.7% and £ 1.000 loan over 12 months.

If you see something you want in the shops, there is usually not time to ask your bank for a loan, so you can use a credit card. Buying on credit is expensive, but there are some good offers. The favourite at the moment is the Save and Prosper card, with APR (annualized percentage rate) of 13.9%.

Customers with incomes of more than 25,000 can benefit from gold charge cards. There are not credit cards, but payment cards for shops and restaurants, etc. They are useful if you want a large sum of money quickly, but the amount you borrow must be repaid at pre-arranged date. The annual cost of the Midland Gold service is £ 70.

Store cards are generally more expensive than offer credit cards, and can only be used in the shops which offer them. Marks and Spencer customers currently pay an APR of 22.4%.

Vocabulary.

borrow from	занимать у кого-либо
cash flow overdraft to charge 18.8%	кредитная ставка в 18.8%
monthly fee	ежемесячная плата за обслуживание
a personal loan	частный заем
to structure the repayment	распределять выплаты по заему
a pre-arranged period	заранее оговоренные сроки (фиксированные сроки)
an annual percentage rate	годовая процентная ставка
credit card	кредитная карта
to buy on credit	покупать в кредит
an offer	предложение
to save	сберегать, хранить
prosper	процветать
payment cards annual cost	карта для оплаты товаров и услуг
currently	в настоящее время
to invest money in	инвестировать деньги во что-либо
to lend	давать взаймы
pay back	возвращать заем
to pay for	платить за что-либо
salary	оклад, зарплата
to be worth	стоить
to spend on	тратить на что-либо
to earn	зарабатывать
to make a profit	получить выгоду, доход
to owe	быть должником
I owe you	быть обязанным
to afford	иметь возможность позволить себе чего-либо
to make a loss	терять деньги, терпеть убытки

Ex. 1.

Answer the questions about the text.

1. Which card company or bank has the highest interest rate?

2. Which card company or bank has lowest rate?

3. For which card company is there no interest rate?

Ex. 2.

Read and translate. Match the first half of the sentences (1-6) with the second (a-f).

1. If I send you £ 50,	a) I can make a profit, when I sell it.
2. If I borrow £ 100 from you and then pay back half,	b) I owe you £ 50.
3. I don’t earn a good salary	c) I can’t afford expensive holidays.
4. If I sell my house for less than I paid for it	d) I can save some of it for when I’m older.
5. If my house is worth more than I paid for it,	e) you must pay me back later.
6. If I don’t spend all the money that I earn,	f) I make a loss.