Ex. VI. Find additional information and describe the major places of interest in London

Ex. VII. Work in groups and discuss the following:

What is normal? Something which you think is normal, someone from another country may think is quite extraordinary. Here are some customs from different countries including Britain. Mark what is normal in your country and compare it with Britain.

	Usual in Britain	Usual in your country		Usual in Britain	Usual in your country
Take your shoes off as soon as you enter someone's home	No		Take a presentif you are invited to visit someone for dinner	Yes
Shake hands the first time you meet someone	Yes		Remove the paper from a bunch of flowers before you give them to someone	No
Shake hands, when you meet a friend you last saw yesterday	No		Give flowers to a man	No
Kiss when you meet a friend you last met six months ago	No		Take a present of a bottle of wine for someone you do not know well	Yes
Kiss people on one cheek	Yes		Say thank you when you leave the table after a friend has given you meal	Yes
Kiss people on both cheeks	No		Write to say thank you when you get home after you have stayed with someone	Yes
Queue in a line if you are waiting for a bus or ticket	Yes		Arrive early for a party	No
Hold' the door open for a woman if you are a man	Yes		Arrive at exactly the time you were invited	Yes
Touch someone several times during a conversation	No		Arrive at a party one hour later than the time you were invited	No

Ex. VIII. Describe the most characteristic features of people, quality of life, customs and traditions of Great Britain.

Ex. IX. Make dialogues.

One of you is an exchange student from Great Britain. The other wants to know about Great Britain as much as possible and asks questions about the geographical position, the state system, the climate and the major sights.

Ex. X. Translate into English:

1. Велика Британія оточена водою, тому її місце положення є сприятливим для розвитку морських комунікацій. 2. Острівне географічне розташування Великої Британії сприяє розвитку суднобудування, різноманітних торгівельних зв’язків з іншими країнами. 3. Воно також обумовило незалежне положення країни на протязі довгого часу. 4. Географічне положення сприяє розвитку землеробства та скотарства. 5. Погода в Британії змінюється дуже часто. Марк Твен казав про Америку: „Якщо вам не подобається погода Нової Англії, просто зачекайте кілька хвилин”. Але це можна казати і про Англію. 6. До того ж, Британія відома своїми туманами. Іноді вони такі густі, що неможливо побачити що-небудь з відстані у 2 чи 3 метри. 7. Кожний, хто приїздить до Англії, каже, що вона виглядає як один чудовий парк.

Unit VIII

Part I

Ex. I. Have you ever been in a bank? Do you have a bank account? What do you know about the types of bank accounts?

Ex. II. Read and answer the questions.

Money and Banking

There are several ways to define money and therefore several ways to measure the supply of money. Money Supply 1 has two major components: currency (coins and paper money) and demand deposits (checking accounts). Currency in commercial banks is excluded because it is used as partial banking for demand and time deposits. The quantity of demand deposits is over three times as large as the quantity of currency. These deposits are held in commercial banks and are owned by persons, business firms, and state and local government units.

Money Supply 2 includes the components of Money Supply 1 and the total amount of time and saving deposits in commercial banks. The major characteristics of these time and saving deposits are that they pay interest and that legally the owner may be required to notify the bank in advance before withdrawing cash. Economists call these deposits liquid assets or near money.

The broadest measure of Money Supply 3 includes deposits of mutual saving banks and savings and loan shares.

The real value of money is its purchasing power or command over goods and services, and varies inversely with changes in prices.

Money is used as a unit of account, medium of exchange, and store of value.

Each country has its own unit of account. The money unit of account in the United States is the dollar. In Mexico it is the peso. In recent years, most countries that had nondecimal units of account have changed to a decimal system.

The money medium of exchange consists primarily of currency and demand deposits. The usefulness of a medium of exchange in a country increases with the development of trade and specialization. It provides the owner with generalized purchasing power.

Active Words and Phrases:

money supply	грошові ресурси	savings & loan shares	частка заощаджень та позики
currency	валюта	purchasing power	купівельна спроможність
demand deposits (checking accounts)	вклад у банку	unit of account	розрахункова грошова одиниця
interest	банківський процент	medium of exchange	засіб обміну
withdraw cash	забирати гроші готівкою	nondecimal unit of account	недесяткова грошова одиниця
notify a bank	сповіщати	decimal system	десяткова система
deposits of mutual savings banks	вклади в ощадному банку