Task3. Fill in the gaps (1 – 10) with the parts of the sentences (A – K).One of the parts in (A – K) list is an odd one.
When people have more money than they need to spend, they may choose to save it. They deposit it in a bank account, at a commercial or retail bank, and …(1)… . The bank then uses the money that has been deposited to grant loans –lend money to borrowers …(2)… Banks make a profit by charging a higher rate of interest to borrowers than they pay to depositors.
Commercial banks can also move or transfer money from one customer's bank account to another one, at the same or another bank, when the customer asks them to.
Banks also create credit – make money available for someone to borrow – because the money they lend, from their deposits, is usually …(3)….
The capital a bank has and the loans it has made are its assets. The customers' deposits …(4)… . Banks have to keep a certain percentage of their assets as reserves for borrowers …(5)… .This is known as the reserve requirement.
Before lending money, a bank has to assess or calculate the risk involved. Generally, the greater the risk for the bank of not being repaid, …(6)…. Most retail banks …(7)… , such as personal loans. This means that all customers who have been granted a loan have the same terms and conditions – they have the same rules …(8)….
Banks have more complicated risk assessment methods …(9)… – business clients – but large companies these days prefer to raise their own finance rather than borrow from banks.
Banks have to find a balance between liquidity – having cash available when depositors want it – and different maturities –…(10)… . They also have to balance yield – how much money a loan pays – and risk.
Acollects financial data and publishes statistics
Bare liabilities because the money is owed to someone else
Chave standardized products for personal customers
Dthe bank generally pays interest to the depositors
Ewho want to withdraw their money
Ffor paying back the money
Gthe higher the interest rate they charge
Hspent and so transferred to another bank account
Idates when loans will be repaid
Jfor corporate customers
Kwho need more money than they have available
Task 4. Match the two parts of the sentences.
1. The central bank will sometimes lend money
2. Banks would probably start taking too many risks
3. Central banks are usually responsible for
4. The central bank can alter
5. There will be low and stable inflation
a) if they could always be sure of rescue by the central bank.
b) if there is a run on a commercial bank.
c) if monetary policy is successful.
d) printing and distributing banknotes.
e) the amount of money commercial banks are able to lend.
Listening
Task1. You are going to hear Clive Regis, the Director of a merchant bank in a conversation with Ulf Edberg, the treasure of Denavian International Insurance. Decide whether the statements are true or false.Mark (T) or (F) on your answer sheet.
1. They will discuss the bank’s services for the safe keeping of their securities.
2. The charges for the custodian services have come to a very large sum.
3. The company pays 250 GBP per fixed rate security and ordinary shares deal
plus a fixed sum for services.
4. The custodian services would cost the company half a million Swedish kronor
per year.
5. The commissions charged correspond to the volume of trade.
6. Clive agrees to think about the charges and contact Ulf within two weeks.
7. The contacts between Ulf’s company and Clive’s bank are not very good due
tosome reasons.
8. It’s only that some changes would be made to make things more suitable.
9. Ulf made a number of complaints other than about charges for the overdraft
facility and custodian services.
Task 2. Here is the list of items that Delia made to ask Roy about. Listen to the conversation again and decide which items are mentioned by Roy.
1. finance of civil engineering project
2. exports of multinational companies
3. export of capital goods
4. export of semi-capital goods
5. buyer credits
6. syndicated loans
7. front-end loans
8. packagedeals
7.4. Вопросы для подготовки к зачету
ThirdYearTopicAreas
1. Managerial accounting information
2. Financial accounting information
3. Financial statements of a company: the Profit and Loss Account / the Income Statement
4. Financial statements of a company: Balance Sheet
5. Financial statements of a company: the Statement of Retained Earnings. Cash Flow Statement
6. Jobs in accounting
7. Tax accounting
8. Accounting standards, assumptions and principles
9. Microcomtec Corporation: Microcomtec’s financial position. Microcomtec’s marketing policy
10. Types of banks and their functions
11. The UK banking system
12. The Federal Reserve System
13. The central bank and its activity
14. Credits and loans
15. Main types of documentary credits
Пример билета для устного ответа
| Билет № … 1. Чтение и выборочный перевод текста по тематике курса (без словаря), время подготовки 30 мин. Беседа с экзаменатором о содержании текста и затронутых в нем проблемах. 2.Ситуативные задания по пройденной тематике (без подготовки). |
Устный зачет