Assignments

I. Answer the questions.

1. Why are banks the most important link in the world of money?

2. What can all banking services be divided into?

3. What are the types of bank operations commonly called traditional bank operations?

4. What is included in non-traditional services?

5. Who can decide which services will be paid for and which not?

II. Translate the following sentences into Ukrainian. Put questions to any two of them.

1. Commercial organizations, which work at the market and in production, take loans for their needs and conduct all payments with buyers and sellers through banking services.

2. Landowners and owners of real estate take loans from the banks to buy an estate or to make use of it and pay back loaned money.

3. All banking services can be divided into specific and nonspecific services.

4. While keeping money for its clients, the bank pays them interest.

5. Additional operations can be placed between traditional and non-traditional operations.

III. Translate the following sentences into English.

1. Майже кожен у світі користується чи користувався банківськими послугами.

2. Банк не лише накопичує гроші – він перетворює грошові ресурси, які не працюють і не використовуються, на працюючі активи.

3. Депозитні операції – це операції з внесення грошей клієнтів у банк на депозит.

4. Кредитні операції – це операції з надання позик клієнтам банку та отримання в обмін відсотків за цими позиками.

5. Банківські платіжні операції можуть здійснюватися готівкою чи переказним платежем.

IV. Name the following definitions.

1. The operations of placing clients’ money into the bank on deposit.

2. The operations of giving loans to bank clients and receiving in exchange interest rates on those loans.

3. The operations of giving out cash money to the clients from their accounts and exchanging cash currency.

4. Operations, which include currency operations and operations with securities – with gold, precious metals and ingots.

V. Make a scheme to various banking services.

VI. Say which services of banks seem most important to you, and why.

VII. Work in chain. Ask your neighbour a question based on the text. He or she has to report your question, answer and ask his one to the next student to continue chain-work.

VIII. Sum up what the text says about banking services.

Text 5 Warm-up

1. Translate the following word combinations: to open current and deposit accounts, intention to withdraw money, everyday expenses, disbalance between income and expenditure, alternative form of saving, to make payments by cheque, to offer a high interest rate, to give services without charge.

2. When do people deposit money with a bank? Describe process of depositing money with a bank.

Vocabulary

surplus – надлишок; излишек

rate of interest – відсоткова ставка; процентная ставка

standing order – постійне доручення клієнта банку; постоянное поручение клиента банка

withdraw – вилучати; изымать

direct debit – прямий дебіт; прямой дебит

overdraft – овердрафт, перевищення кредитного ліміту; овердрафт, превышение кредитного лимита

overdraw – перевищувати кредитний ліміт; превышать кредитный лимит

paying-in-book – ощадна книжка; сберкнижка

advertise – рекламувати; рекламировать

notice of intention – повідомлення про намір; уведомление о намерении

expenses – витрати; расходы

balance – баланс, залишок; баланс, остаток