In a state of balance, not developing. Right or permission given by authority to do smth, страница 8

7)  Corporate                                                                   g) currency

8)  Grant                                                                          h) loans

3.  Find the pairs of  synonyms:

Deposit account     Cash machine Standing order   Merchant bank  Retail bank Flotation    Base rate

go in public       savings account    prime rate    consumer bank      direct debit  commercial bank            automatic teller  machine

4.  Complete each sentence by deciding which answer (a, b, or c) best fits each gap.

1.  Mortgage is a long-term loan on which the property acts as a ….. or a guarantee for the bank.

a.  Collateral                            b. securing                      c. ensuring

2.  If the borrower doesn’t repay the mortgage, the bank can …… the house or flat – the bank takes it back from the buyer and sells.

a.  Repossess                       b. reoccupy                           c. hold back

3.  Banks have to find a balance between …… - having cash available when depositors want it and different  …… - dates when loans will be repaid

a.  Solvency                        b. liquidity                             c. cash position

a.  Maturities                       b. completeness                     c. readiness

4.  Banks exchange foreign currency for people going abroad, and sell ……. checks.

a.  Tourist’s                          b. palmer’s                            c. traveler’s

5.  Investment banks act as an …….. between companies and investors.

a.  Interim                             b. intervening                        c. intermediary

6.  Investment banks often …….. securities in other words, they guarantee to buy the securities themselves if they can’t find other purchases.

a.  Underline                         b. undergo                             c. underwrite

7.  In most countries, the central bank prints and ……. currency.

a.  Releases                          b. lets out                               c. issues

5.  Complete the sentences by inserting prepositions where necessary. Use the given ones, but mind that there are odd ones: of, in, within, to, by, of, under, with, in, on, of, in, of, on, of, in, of, from, by, of, against, by, over, in, from, across.

1)  Banks have been heavily involved … selling their services … national borders … the industry’s very beginning.

2)  International banking activities are closely monitored and regulated … both home and host countries all … the world.

3)  Foreign exchange controls protect a nation ….. loss … its foreign currency reserves, which might damage its prospects … repaying international loans and purchasing goods and services … abroad.

4)  Switzerland is one … the few countries … the world that guarantees , … law the secrecy … its bank accounts.

5)  This training course focuses … the great importance … banks … the functioning … the economy and … their many services and roles … dealing … public.

6)  One … the central bank’s function is to keep inflation … control.

7)  … making a large volume … loans, banks as delegated monitors can diversify and reduce their risk exposure, resulting … increased deposit safety.

6.  Translate the sentences into English using the topical vocabulary.

1)  В отличие от коммерческих банков, инвестиционные банки не осуществляют займов. Однако, они выпускают ценные бумаги, такие как акции и облигации.

2)  В случае, когда группа стран имеет единую валюту, например евро, они также имеют единый центральный банк, в данном случае, Европейский центральный банк во Франкфурте.

3)  Коммерческие банки всегда должны иметь резерв – определенную часть от депозитов, на тот случай, если клиент захочет снять со своего счета определенную сумму.