6. Translate into English:

   1. Він сказав, що ці умови не передбачені в контракті.

   2. Вони з’ясували, що їм довелося понести значні збитки у зв’язку з помилкою обладнання.

   3. В порівнянні з минулим роком випуск усіх товарів значно скоротився.

   4. Ми зробили тільки приблизний підрахунок наших витрат, але сума є занадто велика, та нам доведеться скоротити їх.

   5. Фірма повідомила, що фактично товар було відвантажено в термін, передбачений контрактом і вони не вважають себе відповідальними за затримку в постачанні.

   6. Фірма запевнила своїх клієнтів, що всі розрахунки будуть закінчені в термін, який було обговорено в контракті.

7. What would motivate you in a job? Put the following list in your order of preference:

   • the kind of work you do;

   • the freedom to act on your own initiative;

   • a sense of achievement;

   • the opportunity to be creative;

   • the chance to travel;

   • prestige;

   • a high salary;

   • financial security;

   • other things (which?).

Term III

Variant IV

1. Match each word on the left with the correct definition on the right:

insurance	a person or bank which promises to pay in case of default by the borrower
guarantor	an adjustment by monetary authorities to lower the official exchange rate of a nation’s currency in relation to a key world currency
going public	a person who provides finance for a venture
devaluation	the percentage difference between a bank’s yield on earning assets (mainly loans) and interest paid on deposits
backer	a contract to provide compensation for loss, damage or death in return for the payment of premiums. It covers you against some event which might occur rather than a certainty
reserves	adding a new loan to the principal amount owed with new payment terms
refinancing	amounts set aside by bank to cover bad loans
margin	the process of selling a company’s shares to the general public

2. Choose the correct word to complete the sentences:

1. We’ll have to economize ____ luxuries in the future.

a) for b) at

c) of d) on

2. They went to get young people to open a bank ____.

a) count b) account

c) counter d) deposit

2. Could you give me an ____ of how much it will cost?

a) income b) estimate

c) invoice d) expenditure

2. You have to pay a ____ now to reserve your holiday.

a) deposit b) security

c) credit d) surplus

2. As the car is small, it’s much more ____ on petrol.

a) expensive b) poor

c) economical d) economic

2. All employees had to cut down on travelling ____.

a) expenses b) savings

c) stoppages d) wages