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Financier

  1. Words and word combinations to remember:

clearing безготівковий розрахунок

checking account deposits депозити чекових рахунків

to undergo проходити через

sweeping changes радикальні зміни

to spur підначувати, підштовхувати

competition конкуренція

advances успіх, прогрес

banking institution банківська установа

to do without обходитись без

to regard розглядати

fiscal policy фіскальна політика

to take into consideration брати до уваги

to avoid уникати

insurance company страхова компанія

mutual fund інвестиційний фонд

to require вимагати

rules and regulations правила та інструкції

vital part життєво важлива частина

venture справа

to rely on покладатися на

expectations сподівання

intention наміри

psychologist психолог

welfare добробут

II Read the text and be ready to do the tasks:

I Am a Would-Be Financier

Profession of financier is very interesting and necessary for our country, because Ukraine is oriented to the market economy. Money, clearing, offering checking account deposits – this is the work of a financier.

The banking industry is undergoing a series of sweeping changes, spurred by competition from other financial institutions, globalization of banking and advances in information technology (IT). That's why no banking institution can do without a financier.

Most economists regard monetary policy as an essential component of national stabilization policy. Compared with fiscal policy, monetary policy can change quickly. A financier should take this fact into consideration, analyze it and do everything possible to avoid inflation or deflation.

Banks, pension funds, insurance companies, and especially mutual funds – all these institutions need a financier to work effectively.

A good financier should know not only financial market, but how to do business with international partners and clients. Doing business with international clients requires more than just an understanding of the myriad of international rules and regulations.The building of successful business relationships is a vital part of any venture, and such relationships rely heavily on an understanding of each partner's expectations and intentions. In other words, a financier should be a good psychologist. I am eager to become a top specialist to work for the welfare of Ukraine.

III. Match the English words word combinations with their Ukrainian equivalents:

market economy глобалізація

a series of changes працювати ефективно

globalization інакше кажучи

monetary policy грошова політика

pension fund ринкова економіка

to work effectively низка змін

in other words пенсійний фонд

IV. Decide whether the statements are True (t) or False (f):

  1. Ukraine has a market –oriented economy.

  2. The food industry is undergoing a series of sweeping changes.

  3. Any banking institution can easily do without a financier.

  4. Economists regard fiscal policy as an essential component of national stabilization.

  5. All economic institutions need a financier to work effectively.

  6. Doing business with international clients requires only an understanding of international rules and regulations.

  7. The building of successful business relationship is a vital part of any venture.

  8. Any financier should be a good accountant.