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TEXT 3 BANKS
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Exercise 3.1 Study the vocabulary:
| 1) to be concerned | 1) бути пов’язаним |
| 2) an effort | 2) спроба |
| 3) to prevent | 3) запобігати |
| 4) to originate | 4) брати початок |
| 5) current account | 5) поточний рахунок |
| 6) a profit | 6) прибуток |
| 7) an interest | 7) відсоток |
| 8) liabilities | 8) пасиви |
| 9) assets | 9) активи |
| 10) to lend excess fund | 10) надавати кредит |
Exercise 3.2 Read and translate the text:
Banks are closely concerned with the flow of money into and out of the economy. They often co-operate with governments in efforts to stabilize economies and to prevent inflation. They are specialists in the business of providing capital, and in allocating funds on credit. Banks originated as places to which people took their valuables for safe-keeping, but today the great banks of the world have many functions in addition to acting as guardians of valuable private possessions.
Banks normally receive money from their customers in two distinct forms: on current account, and on deposit account. With a current account, a customer can issue personal cheques. No interest is paid by the bank on this type of account. With a deposit account, however, the customer undertakes to leave his money in the bank for a minimum specified period of time. Interest is paid on this money.
The bank in turn lends the deposited money to customers who need capital. This activity earns interest for the bank, and this interest is almost always at a higher rate than any interest which the bank pays to its depositors. In this way the bank makes its main profits.
Дата публикования: 2015-01-13; Прочитано: 563 | Нарушение авторского права страницы | Мы поможем в написании вашей работы!
