- •English for the master’s programm
- •In finance Содержание
- •Unit 1 money and its functions
- •Match each of the word on the left with the correct
- •3. Which of the following are true or false?
- •4. Match the terms with their Russian equivalents:
- •5. Match the two parts of the sentences:
- •6. Translate the sentences into English:
- •7. Translate the text in writing: Careers in Finance
- •The function of financial markets
- •1. Answer the questions:
- •2. Match each of the words on the left with the correct explanation on the right:
- •3. Complete the text by inserting the following words in the gaps:
- •4. Translate the sentences into English:
- •Primary and Secondary Markets
- •Unit 3 regulation of the financial system
- •Internationalization of financial markets
- •Answer the questions:
- •Match each of the words on the left with the correct explanation on the right:
- •Speak on:
- •4. Make written translation of the text into Russian:
- •5. Translate the text into English:
- •How bonds and common stocks are valued
- •Match each of the words on the left with the correct explanation on the right:
- •3. Translate the text into English:
- •Voting rights of shareholders
- •Preferred Stock
- •Common stock
- •Answer the questions:
- •Complete sentences by inserting the following words in the gaps:
- •Complete the text by inserting the following words in the gaps:
- •Speak on:
- •5. Make written translation of the text into Russian:
- •6. Translate the text into English:
- •Forward exchange contract
- •Fixed and option contracts
- •Answer the questions:
- •2. Match each of the words on the left with the correct explanation on the right:
- •3. Complete the text using these words:
- •4. Speak on:
- •5. Make written translation of the text into Russian:
- •6. Translate the text into English:
- •Unit 7 banking
- •Match the words with the definitions:
- •2. Complete the sentences using the words from the box:
- •3. Which of the following sentences are true or false?
- •4. Match the terms with their Russian equivalents:
- •5. Match the two parts of the sentences:
- •6. Make written translation of the text into Russian:
- •Islamic Banking
- •Unit 8 commercial and central banks
- •1. Answer the following questions:
- •2. Match the terms with their Russian equivalents:
- •3. Fill in the gaps with the correct variants:
- •4. Complete the sentences by inserting the following words in the
- •5. Make the written translation of the text into Russian: micro credit
- •Insurance companies
- •Life Insurance Companies
- •Property and Casualty Insurance Companies
- •Answer the questions:
- •Match each of the words on the left with the correct explanation on the right:
- •Translate the sentences into English:
- •Unit 10 pension funds
- •Annuities
- •Answer the questions:
- •Complete the text by inserting the following words in the gaps:
- •3. Speak on:
- •4. Translate the text into English:
- •Unit 11
- •Investment Funds
- •Answer the questions:
- •2. Match each of the words on the left with the correct explanation on the right:
- •4. Make the written translation of the text into Russian:
- •5. Translate the text into English:
- •Unit 12 taxation
- •Match each of the words with the correct explanation on the right:
- •2. Complete the sentences by inserting the words in the gaps:
- •3. Which of the following sentences are true or false?
- •4. Match the terms with their Russian equivalents:
- •5. Translate the sentences into English:
- •6. Render the text: концепция платежеспособности
- •Unit 14 classification of taxes
- •1. Answer the following questions:
- •2. Match the terms with their Russian equivalents,
- •3. Fill in the gaps with the correct variants.
- •4. Complete the sentences by inserting the following words in the
- •5. Translate the sentences into Russian:
- •6. Render the text переложение налогового бремени
Unit 7 banking
A bank is a business that provides banking services for profit. Traditional banking services include receiving deposits of money, lending money, and processing transactions. Some banks (called Banks of Issue) issue banknotes as legal tender. Many banks offer ancillary financial services to make additional profit; for example: selling insurance products, investment products, or stock broking.
Currently in most jurisdictions the business of banking is regulated and banks require permission to trade. Authorization to trade is granted by bank regulatory authorities and provides rights to conduct the most fundamental banking services such as accepting deposits and making loans. There are also financial institutions that provide banking services without meeting the legal definition of a bank.
Traditionally, a bank generates profits from transaction fees on financial services and from the interest it charges for lending. In recent history, with historically low interest rates uniting banks' ability to earn money by lending deposited funds, much of a bank's income s provided by overdraft fees and riskier investments.
Although the type of services offered by a bank depends upon the type of bank and the country, services provided usually include:
- Taking deposits from their customers and issuing checking and savings accounts to individuals and businesses
- Extending loans to individuals and businesses
- Cashing cheques
- Facilitating money transactions such as wire transfers and cashier's checks
- Issuing credit cards, ATM cards, and debit cards
- Storing valuables, particularly in a safe deposit box
- Cashing and distributing bank rolls
- Consumer & commercial financial advisory services
- Pension & retirement planning
Financial transactions can be performed through several different channels:
- A branch, banking centre or financial centre is a retail location where a bank or financial institution offers a wide array of face-to-face service to its customers
- ATM is a computerized telecommunications device that provides a financial institution's customers a method of financial transactions in a public space without the needs for a human clerk or bank teller
- Mail is part of the postal system which itself is a system wherein written documents typically enclosed in envelopes, and also small packages containing other matter, are delivered to destinations around the world
- Telephone banking is a service provided by a financial institution which allows its customers to perform transactions over the telephone - Online banking is a term used for performing transactions, payments, etc., over the Internet through a bank, credit union or building society's secure web-site
Match the words with the definitions:
to issue a. providing additional services
ancillary b. money which is lent
deposit c. to produce smth printed and/or official
loan d. a bank account which earns interest
overdraft e. an act of placing money in a bank
bankroll f. a small printed sheet of paper supplied
by a bank
checking account g. a sum lent by a bank to a person who
has overdrawn
savings account h. Am.E. a supply of money
cheque i. a bank account which usually does not
earn interest and from which money
can be taken out at any time by cheque
branch k. a part or division of a large organization
(ex. bank)