IX. Make up your own dialogue using the following words, expressions and word-combinations:

to deposit money in a savings account wage

to make one's decision wealth

to earn interest to loan

finance charge rate of return

X. Express the following in the Passive Voice:

Model : The health maintenance organization or HMO provided its members with complete medical coverage.

The members of the health maintenance organi­zation were provided with complete medical coverage.

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1. Partners brought additional funds to a proprietorship. 2. You received a wage in return for working. 3. The Greens planned their expenditure and savings very carefully. 4. We compared products and prices before making a decision. 5. Consumer credit provided cash, goods and services. 6. In 1990, consumers purchased over 60 percent of the GNP — more than $3 trillion in goods and services.

XI. Ask questions to the following sentences:

Model: Almost everyone was covered by some form of

insurance.

Who was covered by some form of insurance? 1. A direct relationship between the kinds of goods and services bought and the income of the purchaser was shown by a Prussian statistician by the name of Ernst Engel, back in the 19th century. 2. As consumers, all of us were limited by what we can spend. 3. Most of the nations' persona! sa­vings were held by the commercial banks, different types of savings institutions, and credit unions. 4. Consumers were tempted to spend money for products they did not really need. 5. Group policies were offered by employers, pro­fessional associations, unions, and other organizations to their employees or members. 6. At the end of the spe­cific number of years the full amount was paid to the poli-cyholders.

XII. Translate into English:

1. Tpouji 6y/in nonnafleHi Ha 6aHKiBCbKnK paxyHOK. 2. Kinb-Kidb pe^efi, 3Ki mm cnpOMOWHi 6ynn KynHTM, 3ane>Kana eiA p03Mipy Haiuoro npn6yTKy. 3. Baiui rpouji 6ynn 3axn-mem Bifl no>Ke>Ki, Kpafli>KKM Ta Jhujmx Hemacmix BMnaflKiB 6aMKaMM Ta ou;aflHMMM ycraHOBaMw. 4. 3eMnn Ta imui npw-poflHi pecypcM 6ynn 3aKynneHi 6i3HecMeHaMM b HaAN Ha npn~ 6yroK. 5. MaibKe Bci MneHW HaujoY pOflHHM 6ynii 3acTpaxo-BaHi.

XIII. Communicative situations:

1. As total consumption in the United States has gone up, the percent spent on different types of goods has changed. Spending for some goods has increased while that for others

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npMMMaTH pimeHHH

TOBapMCTBO

CTHKaTMcsi 3 npo6neMOK> Hecraia Morocb Mam ycnix OAHOod6ne BonoAiHHd

has decreased. Explain the trends for each of the following

goods:

a} Spending as a percent of total consumption has decreased

for good, clothing, household operation. b) Spending as a percent of total consumption has increased

for housing, medical care, transportation and travel.

2. Two hundred families live in the village of Middleville. Every year, for as long as anyone can remember, there has been one burglary. The average loss from the thefts has been $5,000.

1. How could the people of Middleville insure themselves against the financial costs of a burglary?

2. Why is insurance often described as a «method of sharing riskn?

3. Most states require drivers to have liability insurance. Why? You can choose whether you want collision insurance for a car. Why would someone choose not to buy collision insurance? Under what circumstances might you want to buy collision insurance?

Lesson 5 LAUNCHING A BUSINESS