- •English for future Bankers and Financiers
- •Рецензенты:
- •Л.А. Коняева;
- •Т.И. Добрыдина
- •Пояснительная записка
- •Content
- •Unit 1. Bank organization Part 1. Reading Practice
- •Vocabulary notes
- •1. Make up several sentences of your own using the vocabulary notes. Read them aloud for your group-mates and ask someone to translate.
- •2. Read and translate the dialogue
- •4. Read and translate Text a Text a
- •5. Answer the following questions based on Text a:
- •6. Explain the following expressions.
- •7. Choose the right answer:
- •8. Complete the following sentences in English:
- •9. Fill in the blanks with proper words or phrases.
- •10. Read and translate text b using a dictionary Text b
- •11. Answer the following questions based on text b:
- •12. Make up sentences of your own using the following expressions from text b.
- •13. Say what is true and what is false. Correct the false sentences.
- •14. Match the following words with the correct definition from the list.
- •15. Using the words in brackets, explain the meaning of the following terms:
- •16. Look through the text and then fill the spaces with the words below. Translate the text into Russian.
- •Part 2. Speech Practice
- •Situation 1
- •Situation 2
- •Brainstorming activity Problem 1
- •Problem 2
- •Final discussion
- •Unit 2. Bank deposits Part 1. Reading Practice
- •1. Make up several sentences of your own using the vocabulary notes. Read them aloud for your group-mates and ask someone to translate.
- •2. Read and translate the dialogue
- •3. Answer the following questions based on the dialogue:
- •4. Read and translate text a Text a
- •5. Answer the following questions based on text a:
- •6. Explain the following expressions.
- •8. For each of the following phrases find the expression in the text or in the dialogue that explains it.
- •9. Fill in the blanks with proper words or phrases.
- •10. Read and translate text b using a dictionary Text b
- •11. Answer the following questions based on text b:
- •12. Make up sentences of your own using the following expressions from text b.
- •13. Say what is true and what is false. Correct the false sentences.
- •14. Using the words in brackets, explain the meaning of the following terms:
- •15. Match the following words with the correct definition from the list.
- •16. Look through the text and then fill the spaces with the words below. Translate the text into Russian.
- •Part 2. Speech Practice
- •Situation 1
- •Situation 2
- •Brainstorming activity Problem 1
- •Problem 2
- •Final discussion
- •Unit 3. Bank lending Part 1. Reading Practice
- •Vocabulary notes
- •1. Make up several sentences of your own using the vocabulary notes. Read them aloud for your group-mates and ask someone to translate.
- •2. Read and translate the dialogue
- •3. Answer the following questions based on the dialogue:
- •4. Read and translate text a Text a
- •5. Answer the following questions based on text a:
- •6. Explain the following expressions:
- •7. Choose the right answer:
- •8. Complete the following sentences in English.
- •9. Fill in the blanks with proper words or expressions.
- •10. Read and translate text b using a dictionary
- •11. Answer the following questions based on text b:
- •12. Make up sentences of your own using the following expressions from text b.
- •13. Say what is true and what is false. Correct the false sentences.
- •14. Using the words in brackets, explain the meaning of the following terms:
- •15. Match the following words with the correct definition from the list.
- •16. Look through the text and then fill the spaces with the words below. Translate the text into Russian.
- •Part 2. Speech Practice
- •Brainstorming activity
- •Problem 2
- •Final discussion
- •Unit 4. Types of Banking Institutions and their services Part 1. Reading Practice
- •1. Make up several sentences of your own using the vocabulary notes. Read them aloud for your group-mates and ask someone to translate.
- •2. Read and translate the dialogue.
- •3. Answer the following questions based on the dialogue:
- •4. Read and translate text a Text a
- •5. Answer the following questions based on text a:
- •6. Explain the following expressions:
- •7. Find the names of banking and financial institutions mentioned in the dialogue and the text and match them with the definitions given in the exercise.
- •8. Complete the following sentences in English.
- •9. For each of the following phrase find the expression in the text that explains it.
- •10. Fill in the blanks with proper words or phrases.
- •11. Read and translate text b using a dictionary Text b
- •12. Answer the following questions based on text b:
- •13. Make up sentences of your own using the following expressions from text b.
- •14. Say what is true and what is false. Correct the false sentences.
- •15. Using the words in brackets, explain the meaning of the following terms:
- •16. Match the following words with the correct definition from the list.
- •17. Look through the text and then fill the spaces with the words below. Translate the text into Russian.
- •Part 2 Speech Practice
- •Situation 1
- •Situation 2
- •Brainstorming activity Problem 1
- •Problem 2
- •Final discussion
- •Unit 5. Financial instruments Part 1. Reading practice
- •1. Make up several sentences of your own using the vocabulary notes. Read them aloud for your group-mates and ask someone to translate.
- •2. Read and translate the dialogue
- •3. Answer the following questions based on the dialogue:
- •4. Read and translate text a Text a
- •5. Answer the following questions based on text a:
- •6. Explain the following expressions:
- •7. List all the forms of money mentioned in the passage and match thет with the following definitions.
- •8. Choose the right answer.
- •9. For each of the following phrases find another one in the text that explains it.
- •10. Read and translate text b using a dictionary Text b
- •11. Answer the following questions based on text b:
- •12. Make up sentences of your own using the following expressions from text b.
- •13. Say what is true and what is false. Correct the false sentences.
- •14. Using the words in brackets, explain the meaning of the following terms:
- •15. Match the following words with the correct definition from the list.
- •16. Look through the text and then fill the spaces with the words below. Translate the text into Russian.
- •Part 2. Speech Practice
- •Situation 1
- •Unit 6. Bank Investments and common stocks Part 1. Reading Practice
- •1. Make up several sentences of your own using the vocabulary notes. Read them aloud for your group-mates and ask someone to translate.
- •2. Read and translate the dialogue
- •3. Answer the following questions based on the dialogue:
- •4. Read and translate Text a Text a
- •5. Answer the following questions based on text a:
- •6. Explain the following expressions:
- •6. Find proper definitions:
- •7. Choose the right answer:
- •8. Complete the following sentences in English:
- •9. For each of the following phrases, find the expression in the text that explains it.
- •10. Read and translate Text b using a dictionary Text b
- •11. Answer the following questions based on text b:
- •12. Make up sentences of your own using the following expressions from text b.
- •13. Say what is true and what is false. Correct the false sentences.
- •14. Using the words in brackets, explain the meaning of the following terms:
- •15. Match the following words with the correct definition from the list.
- •16. Look through the text and then fill the spaces with the words below. Translate the text into Russian.
- •Part 2. Speech Practice
- •Situation 1
- •Situation 2
- •Problem 1
- •Problem 2
- •Final discussion
- •Supplement: Helpful phrases
Situation 1
The student. You study at the faculty of International Economic Relations. You are interested in finance and especially in the securities market. You have a chance to meet Professor Thompson from California University and ask him some interesting questions concerning shares and dividends.
Professor Thompson. You speak about the main rights of shareholders, describe the situation when they have no opportunity to visit the annual meetings of the shareholders and describe in detail how the dividends are paid.
Situation 2
General Manager of a stock company. You have a task to provide the annual report about the results of the company’s activity for the board of stockholders. You try to persuade the shareholders not to demand the repayment of dividends this year. Your plan is to invest the whole profit into the future development of the company. Find the best arguments and reasons to keep the dividends unpaid and at the same time to satisfy the interests of the shareholders.
The chairman of the board of shareholders. On a point of order only the senior member of the board is expected to say the last word. You’ll have to take the final decision and provide either agreement or disagreement with the idea of General Manager. You should take into consideration not only the financial interests of the shareholders but the future of your business as well.
Brainstorming activity
Problem 1
There is a strong demand for additional investments for «Children toys» company. The easiest way to get them is to issue some extra shares but the company will have some problems with their state registration. The reason for this is the lack of normal profit during the previous year. The company can’t survive without these investments because it should enlarge its market share and recover its profitability. What should it do?
Problem 2
The Manager of company A gets the information about an unexpected jump of demand for their shares (usually it precedes the actions of rivals when they buy the shares of a company in order to take control over it in the future). What should he do?
Final discussion
Preparing for final discussion, try to search for extra information in special editions, magazines and financial text-books. Consult your teachers of special subjects and use the Internet resources. It is recommended to subdivide the group into 3-4 subgroups for better organization of the discussion.
Questions for discussion:
1. What are the advantages and disadvantages of stocks and bonds as a form of investment for banks (other non-financial organizations, individuals)?
2. What organizational forms of entrepreneurship besides corporations do you know? Comment on them.
3. What opportunities do common stocks give their holders? Who can become holders of common stocks in this country?
4. Write inflation next to the options that are appropriate for curbing inflation, and write recession next to those options that are appropriate for stopping recession. Explain and prove your choice.
1. _________ increasing reserve requirements.
2. _________ decreasing reserve requirements.
3. ________ buying government securities.
4. ________ selling government securities.
5. ________ lowering the discount rate.
6. ________ raising the discount rate.
7. ________raising taxes.
8. ________ lowering taxes.
9. ________ increasing government spending.
10. _______ reducing government spending.