На каждый раздел рекомендуется отводить 2-4 аудиторных часа и 3,5 часа для самостоятельной работы, хотя в зависимости от уровня подготовленности студентов программа может меняться. 4 Данное пособие будет соответствовать принципам коммуникативной направленности, культурной и педагогической целесообразности, а также позволит студентам соответствовать уровню выпускных требований по дисциплине «Иностранный язык» (английский) с учетом специфики вуза и потребностей студентов. 5 Unit 1 Money and Banking In this Unit you’re going to read the text about money, its functions and kinds. <...> What role does money play in the economy of the country? 3. <...> You may find the following expressions useful: The means of payment, a standard of value, the medium of exchange, payment for goods and services, repayment of debts, a store of value, issued by the central bank, currency, payment agents, to conduct checking or current accounts for customers, payment services, to borrow and lend money, to act as a depository, to regulate trade, to guarantee stability, a customer's account, to regulate industries. <...> In the text you will find the following words and word combinations (1-13). <...> Match the words with their definitions (a-m). 1) a store of value 2) deferred payment 3) subsequently a) a charge made for the borrowing of money; b) coming after or following smth else; c) the worth of smth in money or as compared with other goods for which it might be exchanged; 4) to swap 5) to hand over in exchange d) to exchange (goods or positions), usually so that each person gets what they want; e) (an example of) the happening by chance at the same time or place of two or more 6 6) coincidence 7) worthless 8) interest 9) to erode 10) token money 11) to melt down 12) to supplement 13) a bank deposit events which are similar or related: f) to make smth smaller: to decrease; g) of no value; h) to cause a solid to become liquid; i) to provide an additional amount that makes smth complete; j) an act of placing money in a bank; k) pieces of metal used instead of coins for a particular <...>
Finance_and_banking.pdf
МИНИСТЕРСТВО ОБРАЗОВАНИЯ И НАУКИ РФ
ФЕДЕРАЛЬНОЕ ГОСУДАРСТВЕННОЕ
БЮДЖЕТНОЕ ОБРАЗОВАТЕЛЬНОЕ УЧРЕЖДЕНИЕ
ВЫСШЕГО ПРОФЕССИОНАЛЬНОГО ОБРАЗОВАНИЯ
«ВОРОНЕЖСКИЙ ГОСУДАРСТВЕННЫЙ
УНИВЕРСИТЕТ»
А. Б. Пешкова
FINANCE AND BANKING
Учебно-методическое пособие для вузов
Воронеж
Издательский дом ВГУ
2014
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Содержание
1. Содержание……………………………………………………………………3
2. Пояснительная записка……………………………………………………….4
3. Unit 1.Money and Banking………..…………………………………………...6
Lead-in ………………………………………………………..………………….6
Reading …………………………………………………………………………..7
Vocabulary Practice……………………………………………………………..11
Speaking ………………………………………………………………………...13
4. Unit 2. The Role of Banks …………………………………...........................15
Lead-in ………………………………………………………..………………...15
Reading …………………………………………………………………………16
Vocabulary Practice……………………………………………………………..20
Speaking ………………………………………………………………………...22
5. Unit 3. Modern Banking …………………………………………………….24
Lead-in ………………………………………………………..………………..24
Reading …………………………………………………………………………26
Vocabulary Practice……………………………………………………………..30
Speaking ………………………………………………………………………...33
6. Unit 4. Money and the Return it Earns ………………………………………35
Lead-in ………………………………………………………..………………..35
Reading …………………………………………………………………………36
Vocabulary Practice……………………………………………………………..39
Speaking ………………………………………………………………………...40
7. Библиография………………………………………………………………..43
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Unit 1
Money and Banking
In this Unit you’re going to read the text about money, its functions and kinds.
Lead-in
Task 1. Work in a small group. Discuss the following questions with your
partner:
1. What is money? What do people need it for?
2. What role does money play in the economy of the country?
3. Wouldn’t it be better for people to live without money?
4. Where do people usually keep money?
You may find the following expressions useful:
The means of payment, a standard of value, the medium of exchange, payment
for goods and services, repayment of debts, a store of value, issued by the central
bank, currency, payment agents, to conduct checking or current accounts for customers,
payment services, to borrow and lend money, to act as a depository, to
regulate trade, to guarantee stability, a customer's account, to regulate industries.
Task 2. In the text you will find the following words and word combinations
(1-13). Match the words with their definitions (a-m).
1) a store of value
2) deferred payment
3) subsequently
a) a charge made for the borrowing of money;
b) coming after or following smth else;
c) the worth of smth in money or as compared
with other goods for which it might be
exchanged;
4) to swap
5) to hand over in exchange
d) to exchange (goods or positions), usually so
that each person gets what they want;
e) (an example of) the happening by chance at
the same time or place of two or more
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6) coincidence
7) worthless
8) interest
9) to erode
10) token money
11) to melt down
12) to supplement
13) a bank deposit
events which are similar or related:
f) to make smth smaller: to decrease;
g) of no value;
h) to cause a solid to become liquid;
i) to provide an additional amount that makes
smth complete;
j) an act of placing money in a bank;
k) pieces of metal used instead of coins for a
particular purpose;
l) to give into smb else’s control in return;
m) a means of paying the debt.
Reading
Task 3. Read the text. The following sentences (1-7) have been taken out of
the text. Fill in the gaps (A-G) with the appropriate sentence.
1. To use a commodity money, society must either cut back on other uses of that
commodity or devote scarce resources to producing additional quantities of the
commodity.
2. Nobody would accept money as payment for goods supplied today if the money
was going to be worthless when they tried to buy goods with it tomorrow.
3. Society considers it convenient to use a monetary unit to determine relative
costs of different goods and services.
4. We accept money not to consume it directly but because it can subsequently be
used to buy things we do wish to consume.
5. In order to see a film, you must hand over in exchange a good or service that
the cinema manager wants.
6. It is usually convenient to use the units in which the medium of exchange is
measured as the unit of account as well.
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7. And it is usually, though not invariably, convenient to make money the unit of
account and standard of deferred payment as well.
MONEY AND BANKING
Money and its Functions
Although the crucial feature of money is its acceptance as the means of
payment or medium of exchange, money has other functions. It serves as a standard
of value, a unit of account, a store of value and as a standard of deferred
payment. We discuss each of the functions of money in turn.
The Medium of Exchange
Money, the medium of exchange, is used in one-half of almost all exchange.
Workers exchange labour services for money. People buy and sell goods in exchange
for money. A _____ Money is the medium through, which people exchange
goods and services.
To see that society benefits from a medium of exchange, imagine a barter
economy. A barter economy has no medium of exchange. Goods are traded directly
or swapped for other goods.
In a barter economy, the seller and the buyer each must want something the
other has to offer. Each person is simultaneously a seller and a buyer. B _____
There has to be a double coincidence of wants. You have to find a cinema where
the manager wants what you have to offer in exchange.
Trading is very expensive in a barter economy. People must spend a lot of
tune and effort finding others with whom they can make mutually satisfactory
swaps. Since time and effort are scarce resources, a barter economy is wasteful.
The use of money – any commodity generally accepted in payment for goods,
services, and debts – makes the trading process simpler and more efficient.
Other Functions of Money
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