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    07-BANKS

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    alina vinnichenko
    Banks are important financial institutions that deal with the public, industry, commerce and government. People and firms can deposit money in banks and open current and deposit accounts. They can sign cheques drawn on their current accounts instead of carrying cash. Interest is earned on deposit accounts. The main functions of banks are to provide safe custody of money and valuables, facilitate funds transfer through drafts and bills of exchange, encourage savings, and advise customers on financial matters. A banker lends money borrowed from depositors to other parties as working capital through personal loans and overdrafts, which is how they make a profit.

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    07-BANKS

    Uploaded by

    alina vinnichenko
    20 views2 pages
    Banks are important financial institutions that deal with the public, industry, commerce and government. People and firms can deposit money in banks and open current and deposit accounts. They can sign cheques drawn on their current accounts instead of carrying cash. Interest is earned on deposit accounts. The main functions of banks are to provide safe custody of money and valuables, facilitate funds transfer through drafts and bills of exchange, encourage savings, and advise customers on financial matters. A banker lends money borrowed from depositors to other parties as working capital through personal loans and overdrafts, which is how they make a profit.

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    07-BANKS.

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    Banks are important financial institutions that deal with the public, industry, commerce and government. People and firms can deposit money in banks and open current and deposit accounts. They can sign cheques drawn on their current accounts instead of carrying cash. Interest is earned on deposit accounts. The main functions of banks are to provide safe custody of money and valuables, facilitate funds transfer through drafts and bills of exchange, encourage savings, and advise customers on financial matters. A banker lends money borrowed from depositors to other parties as working capital through personal loans and overdrafts, which is how they make a profit.

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    Download as docx, pdf, or txt
    20 views2 pages

    07-BANKS

    Uploaded by

    alina vinnichenko
    Banks are important financial institutions that deal with the public, industry, commerce and government. People and firms can deposit money in banks and open current and deposit accounts. They can sign cheques drawn on their current accounts instead of carrying cash. Interest is earned on deposit accounts. The main functions of banks are to provide safe custody of money and valuables, facilitate funds transfer through drafts and bills of exchange, encourage savings, and advise customers on financial matters. A banker lends money borrowed from depositors to other parties as working capital through personal loans and overdrafts, which is how they make a profit.

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    © All Rights Reserved
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    of 2

    BANKS

    Banks are important financial institutions. They deal with the public, industry,
    commerce and government. People and firms deposit their money in banks and can
    have current accounts and deposit accounts. They can sign cheques that they draw
    on their current account. This means that they don't have to carry cash around with
    them. They can earn interest on deposit accounts.
    To many people a bank is nothing more than a good-furnished building with a lot of clerks
    sitting around at mahogany desks, and an immense safety vault filled with gold and
    currency. To many others, a bank is a convenient place in which one can cash a check.
    Below there are the real functions of a bank.
    a. To provide a safe place for the custody of money and other valuables;
    b. To facilitate the transmission of funds by drafts, or bills of exchange;
    c. To encourage thrift;
    d. To advise people on matters of an economic or financial nature.
    A banker is a dealer in money. He borrows from one party and lends to another one in
    the form of personal loans and overdrafts that uses them as working capital.
    Your bank is the place where you can leave your money in safety, a place in which you
    borrow money, a place where you can purchase a draft or bill of exchange that will be
    legal tender in every country in the world, a place to learn the advantages of saving,
    and the place to turn to when you are in need of information or advice in your business
    affairs.

    Exercise I. Answer the following questions:


    1. What are the banks? 2. Who deals with them? 3. What can people and firms do in
    banks? 4. What are the real functions of a bank? 5. What kinds of banks do you know? 6.
    What are the usual interests in a bank? 7. What is a banker? 8. What makes his/her profit?
    9. What is a bank for you? 10. In what way do you use a bank?

    Exercise II. Find in the text English equivalents for the following:
    Вкладати гроші в банк, фінансовий заклад, залишати гроші в безпечному місці,
    підписувати чек, сприяти руху фондів за допомогою чеків або векселів, мати
    поточний рахунок, відкрити депозитний рахунок, цінності, запозичувати гроші,
    позичати гроші, торгівля, банкір, отримати готівку по чеку, заохочувати ощадливість,
    давати поради з питань економічного та фінансового характеру, законний платіжний
    засіб, робочий капітал, персональна позика.

    Exercise III. Find in the words suffixes/prefixes and determine the part of speech:
    Financial, government, dealer, business, safety, exchange, banker, facilitate, institution,
    information, saving, transmission, encourage, advantage, economic.

    Exercise IV. Translate into English:


    1. Я хотів би відкрити поточний рахунок. 2. Які послуги надає Ваш банк? 3. Який
    відсоток на депозитний рахунок? 4. Ви хочете отримати готівку по чеку? 5. Підпишіть
    чек ось тут, будь ласка. 6. Я їду у відрядження і хотів би оформити дорожні чеки. 7.
    Чи може Ваш банк надати довгостроковий кредит? 8. Я хотів би отримати деякі
    поради фінансового характеру. 9. Які години роботи в Вашому банку?
    Exercise V. Read, translate, complete the dialogue and make up your own one:
    Dialogue
    - Доброго ранку!
    - Good morning! May I help you?
    - Так, будь-ласка. Я хотів би покласти гроші на депозитний рахунок. Але перш за все,
    я хочу знати, який відсоток на цей вид рахунку?
    - The annual interest is 8 % in our bank. Який мінімальний вклад?
    - $ 500.
    - Добре. Що я повинен зробити?
    - First of all, fill in this form, please, and give money you will deposit. We'll give you a
    certificate.
    - Які послуги надає Ваш банк?
    - Our bank borrows and lends money, cashes a check, purchases drafts, keep valuables.
    - Чудово. Крім того, я хотів би зберігати деякі коштовності в Вашому банку. Але перш
    за все, я хотів би проконсультуватись з спеціалістом.
    - I'm very sorry, but our consultant is absent, and he will be next week.
    - Дуже шкода, тому що я хотів би взяти кредит. Але нічого страшного, я прийду
    наступного тижня. Скажіть, будь-ласка, скільки років працює Ваш банк?
    - We have been working for 16 years.
    - О, в сьогоднішніх умовах це дійсно дуже багато. Це означає, що Ваш банк
    стабільний і надійний. Відомо дуже багато прикладів, коли банки, які не проробили і
    одного року, стали банкрутами.

    Exercise VI. Topics for discussion:


    1. Discussing functions of a bank.
    2. Visiting a bank.
    3. Bank in my life.
    4. Bank in my future profession.

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