Language work - раздел Иностранные языки, О. П. Шевченко, С. В. Купрікова АНГЛІЙСЬКА МОВА Методичний посібник Для магістрантів Exercise 1.This Exercise Defines The Most Important Kinds Of...
Exercise 1.This exercise defines the most important kinds of bank. Complete the text using these words:
| central banks
commercial banks
merchant banks
| universal banks
finance house
investment banks
|
(1) … supervise the banking system, fix the minimum interest rate; issue bank notes; control the money supply; influence exchange rates; and act as lender of last resort.
(2) … are businesses that trade in money. They receive and hold deposits in current ans saving accounts, pay money according to customers’ instructions, lend money, and offer investment advice, foreign exchange facilities, and so on. In some countries such as England these banks have branches in all major towns; in other countries there are smaller regional banks. Under Americal law, for example, banks can operate in only one state. Some countries have banks that were originally confined to a single industry, e.g. Credit Agricole in France, but these now usually have a far wider customer base.
In some European countries, notably Germany, Austria, and Switzerland, there are (3) … which combine deposit and loan banking with share and bond dealing, investment advice, etc. Yet even universal banks usually form a subsidiary, known as a (4) …, to lend money – at several per cent over the base lending rate – for hire purchase or instalment credit, that is, loans to consumers that are repaid in regular, equal monthly amounts.
In Britain, the USA and Japan, however, there is, or used to be, a strict separation between commercial banks and banks that do stockbroking or bond dealing. Thus in Britain, (5) … specialize in raising funds for industry on the various financial markets, financing international trade, issuing and underwriting securities, dealing with takeovers and mergers, issuing government bonds, and so on. They also offer stockbrocking and portfolio management services to rich corporate and individual clients. (6) … in the USA are similar but theuy can only act as intermediaries offering advisory services, and do bot offer loand themselves.
Exercise 2.Complete these sentences about Central banks using the words below.
| act
control
| fix
function
| implement
influence
| issue
supervise
|
Central banks, such as the Bank of England, the Federal Reserve Board in the USA, and the Bundesbank in Germany:
1. … as banks for the government and for other banks.
2. … monetary policy – either the government’s, as in Britain, or their own,
if they are independent, as in Germany and the USA.
3. … the money supply, measured by different aggregates such as M0, M1,
M2 etc.
4. … the minimum interests rate.
5. … as lender of last resort to commercial banks with liquidity problems.
6. … coins and bank notes.
7. … (floating) exchange rates by intervening in foreign exchange markets.
… the banking system.
Exercise 3.Complete this paragraph using these words:
| assets
cash
interest
| liquid
maturity
reserve
|
Because a commercial bank can lend most of money deposited with it to other borrowers, who in turn may lend it to another borrower, each sum of money deposited in a bank is multiplied several times. To ensure the safety of the banking system, central banks impose (1) … requirements, obliging commercial banks to deposit a certain amount of money with the central bank at zero (2) … . Central banks in different countries also impose different “prudential ratios” on commercial banks. These are ratios between deposits and liquid (3) … that are considered sufficient to meet demands for (4) … . For example, a bank’s capital ratio is between its capital and reserves on the one hand, and its total assets on the other. The reserve asset ration is between deposits with a (5) … of under two years, called “eligible liabilities”, and reserve assets, which include cash and assets that are (6) … - i.e. quickly convertible into cash – such as reserve deposits held by central bank, and securities such as treasury bills.
Exercise 4.Complete the words below to match the given meanings.
1. The person to whom a cheque is written p_ _e_
2. Money provided by a bank to a customer, for an agreed period
l_ _ _
3. A bank which offers a full range of services to individuals and companies c_m_ _ _ _ _ _ l b_ _ _
4. A type of bank with a strong local or regional identity, mainly used by small, private investors, who get interest on their deposits.
s_ _ _ _ _ _ b_ _ _
5. An instruction from one bank to another bank asking it to make payment to a supplier _ _ _k d_ _ _ _
6. An agreement that an account can remain in debit up to a certain amount for an agreed time period. o_ _ _ _ _ _ _ _
7. The time taken from when a cheque is presented to a bank to when the receiving accounts is credited. c_ _ _r_ _ _e
8. Fees charged by a bank for services provided. _ _n_ c_ _ _ _ _s
9. A computer printout sent by a bank to a customer, showing recent activity on her/his account. S_ _ _ _ _ _ _
10. The lowest level of interest that a bank charges for lending money.
b_ _ _ r_ _ _
Exercise 5.Choose words to complete each sentence. In some cases there is more than one possibility.
1. The Bank of England fixes a minimum interest rate, called the discount rate, at which makes secured loans to … .
| a. big companies
| b. private individuals
| c. commercial banks
| d. new businesses
|
2. British commercial banks lend to blue-chip borrowers at the … . The American equivalent is the prime rate.
| a. base rate
| b. basic rate
| c. discount rate
| d. market rate
|
3. All other borrowers pay more, depending on lender’s estimation of their present and future solvency, also known as their creditworthiness or … or … .
| a. credit
| b. credotors
| c. credit standing
| d. credit rating
|
4. Borrowers can usually get a … interest rate if the loan is guaranteed by securities or other collateral.
| a. higher
| b. long-term
| c. lower
| d. riskier
|
5. Bank make their profits from the difference between the interest rate charged to borrowers and that paid to depositors, also known as a … or … .
| a. margin
| b. mistake
| c. range
| d. spread
|
6. Long-term interest rates are generally higher than short-term ones, except when the central bank temporarily reduces the money supply i.e. makes money … or … .
| a. loose
| b. scarce
| c. tight
| d. uncommon
|
7. These days many loans are made with … or variable interest rates that change according to the supply and demand for money.
| a. drowning
| b. floating
| c. sinking
| d. swimming
|
8. Borrowers and lenders can sometimes arrange lomits beyond which rates cannot move. The upper limit is called a … or a … .
| a. cap
| b. ceiling
| c. roof
| d. summit
|
9. The lower limit on a variable rate loan is known as a … .
| a. bottom
| b. carpet
| c. floor
| d. maturity
|
Exercise 6.Small group brainstorming (3-4 students in the group).
Imagine thet you have come to some country for a year. You need to rent an apartment and make a number of regular payments. You will work and receive a salary of $1,500 a month. That will be sufficient for your expenses. But you have also brought $5,000 with you. You will definitely have to open a bank account. What kind of account(s) will you open? Why? Will you try to get a check card or a credit card? Why? Which card will be easier for you to get? Why? Will you try to open a minimum balance account or an account with no required balance? Why? After the discussion, tell your decision and reasons for it to the group.
Все темы данного раздела:
Технічних ВНЗ
Затверджено
на засіданні вченої ради
Протокол № від
Краматорськ
ДДМА
2013
УДК 811.111
Шевченко О. П., Купрікова С В
Ш 37 Англійська мова : методичний посібник для магістрантів технічних ВНЗ / О. П. Шевченко, С. В. Купрікова. – Краматорськ : ДДМА, 2013 – 162 с.
ISBN
Посібник скла
СONTENT
1 ENGLISH FOR ECONOMISTS.................................................................. 5
UNIT 1.........................................................
Key words and phrases
to provide – забезпечувати
production – виробництво
distribution – розповсюдження
exchange – обмін
resources – ресурси
to satisfy one’s wants – задоволь
What is economics?
Human wants are unlimited, but the resources necessary to satisfy those wants are limited. Thus, every society is faced with the identical problem, the problem of scarcity. Since there is not enoug
Language work
Exercise 1. Read the terms given below and their definitions. Practice until you can explain them in English. Then find the Ukrainian equivalent to the.
Grammar
Exercise 8.Complete this story. Put was, were, wasn’t and weren’t in the correct spaces.
1. A friend of mine was a car mechanic in a garage a
Key words and phrases
economic incentives – економічні стимули
interest rates – відсотки за вкладами
profit motive – мотив прибутку
wealth – майно
source of wealth – джерела майна
Economic theories
1776 is the year that we associate with the signing of the Declaration of Independence, also marked the publication in England of one of the most influential books of our time “The Wealth of the Na
Language work
Exercise 1.Label the following statements with the names of the economists whose ideas they describe:
Adam Smith John Maynard Keynes Milton Friedman Robert
The founder of IBM
Thomas J.Watson Senior (begin) his business career as a sewing machine salesman and later, when he (became) President of IBM, he (use) his sales techniques to promote the company’s name. There (be)
Key words and phrases
applicant – претендент, кандидат
to ascertain – з’ ясовувати
bonus – премія
conditions – умови
to dismiss – розпускати
dimension of quantity – вимірюван
Personal management
The personnel department is concerned with the provision and maintenance of a workforce. There are two dimensions to the task. The first is to ensure that employees are available in the right numbe
Language work
Exercise 1.Match each sentence or word in the left-hand column with the best meaning in the right-hand column.
1.
Grammar
Exercise 7.Ask and answer more questions about the Monte Carlo Convention Centre. Put the words in the right order to make the questions.
1. are, Centre, hotels, how, many
Key words and phrases
responsibility – відповідальність
marketing department –відділ маркетингу
to promote – сприяти
purchaser – покупець
broadly speaking – взагалі
market re
International marketing
Having made a product the problem becomes to find someone who will buy it. It’s the responsibility of the marketing department to promote and organize the sale of products to the purchaser. Broadly
Language work
Exercise 1.All the words below can be combined with price in two-word partnership: e.g. price war, retail price. Add the word price either before or after each of t
Grammar
Exercise 8.Express the following in the Passive Voice:
1. Partners brought additional funds to a proprietorship. 2. You received a wage in return for worki
Key words and phrases
account – рахунок
accrue – збільшуватися, зростати
asset – актив
double-entry – подвійний запис
ledger – бухгалтерська книга, баланс
liability – пасив,
Bookkeeping and accounting
Bookkeeping is an essential accounting tool. A small business or company may employ only one bookkeeper, who records all of the financial data by hand; large organizations may employ many bookkeepe
Language work
Exercise 1.Match each sentence or word in the left-hand column with the best meaning in the right-hand column.
1.
Grammar
Exercise 8.Write sentences using the words in brackets. Use mustn’t or don’t have to.
1. This information is highly confidential. (tell anyone) 2. This rep
Key words and phrases
balance sheet – балансовий звіт
cost – ціна, вартість
entity – суть, особа, організація
expenses – витрати
financial affairs – фінансові питання
gross m
A global view of finance
An accountant may be compared to a skilled laboratory technician who takes blood samples and other measures of a person’s health and writes the findings on a health report (a set of financial state
Language work
Exercise 1.Financial vocabulary covers several areas, including economics, banking, marketing, personal finance and financial planning. Here is a selection of key w
Grammar
Exercise 8.Translate the sentences.
1. The cargo to be insured by the seller with a first-class company or underwriters. 2. The vessel to be addressed to t
Language work
Exercise 1.Choose the correct alternative to complete each sentence.
1. Money in notes and coins is called
a. cash
Grammar
Exercise 8.Translate the sentences.
1. The devaluation of the pound sterling is known to have led to a rise of the prices of all goods imported into Englis
Key words and phrases
to supervise – спостерігати
interest rate – процентна ставка
lender – позичатель
to trade – продавати
current account – поточний рахунок
saving account
Banking
Banks are among the most important financial institutions. The way in which a bank is organized and operates is determined by its objectives. The first and most important function of a central bank
Grammar
Exercise 7.Change the following sentences using participle phrases instead of the subordinate clauses.
1. People who hold bonds and stocks hope to realize
Key words and phrases
essential – невіддільний
take off – мати місце
limited company – компанія з обмеженою відповідальністю
initially – початково
provide – забезпечувати
sha
Stocks, shares and take-overs
Before a business can function 2 ingredients are essential: people and money without either, no business could take off.
For the limited company, funds are initially provided by the shareh
Language work
Exercise 1.Complete the sentences using these words:
arbitrageurs
market-makers
bears
shareholders
Grammar
Exercise 7.Change the following complex sentences into simple one using the Objective Participle Complex.
1. I noticed them as they were trying to sell the
Key words and phrases
on credit – в кредит
collection – грошовий збір, інкасація
cash in advance – грошовий аванс
letter of credit – акредитив
documentary collection (draft) – докумен
Methods of payment in foreign trade
The flow of money across national borders is complex and requires the use of special documents. Foreign trade usually is financed on credit. Exporters rarely get paid right away because of collecti
Language work
Exercise 1.Make a proper selection.
1. irrevocable letter of credit
2. revocable letter of credit
Grammar
Exercise 7.Change these sentences according to the models.
Model A: Are they still discussing the problem? – No, they’ve just finished discussing.
Auditing
Auditing, the oldest area of practice, remains the largest for many firms. An audit is a сertified public accountants examination of a company’s financial statements in order to express an opinion
Language work
Exercise 1.Match the following terms (1 – 14) with the correct definition (a – n) on the right.
1. statutory audit
2.
Grammar
Exercise 6.Put the verbs in brackets into Present or Future tense.
A: What time does Mr Tanaka’s flight arrive at Heathrow?
B: He gets in at 10.30
International taxation
Taxation is used to finance government expenditure. It represents a transfer of income from individuals, groups and organizations to the government.
Taxes may be classified under various h
Language work
Exercise 1.Match the following terms (1 – 8) with the correct definition (a – h) on the right.
1. taxation
2. direct tax
3.
Grammar revision
Test 1.Choose the right variant.
1. When, Ann last? – I___her since she ____ to another city.
a) have you seen, haven't seen, has moved
b) did you see, d
Key words and phrases
layout – макет
workshop – майстерня
assemble – збиратися
batch – партія
convert – конвертувати
inventory – інвентаризація
breakdown – розбивка
Production
Production management is concerned with planning and controlling industrial processes which produce and distribute products and services. Techniques of production management are also used in servic
Language work
Exercise 1. Match the words that go together and then complete the sentences below.
quality material
finished manager
industrial lines
productio
Grammar
Exercise 6.Translate the sentences.
1. There are two kinds of transformations which are known as physical and chemical changes. 2. There are several kinds of energy in nat
Key words and phrases
academic research – наукове дослідження
applied research – прикладне дослідження
development and evaluation research – розробка та
оцінка досліджень
analyst – ан
Research and development
Research and development (R and D) is the search for new and improved products and industrial processes. Both industrial firms and governments carry out Rand D. Innovations in products or processes
Language work
Exercise 1. Match the term with the correct definition.
applied research the study of pure scientific principles
clinical research the study of the parts and thei
Grammar
Exercise 7.Translate into Ukrainian.
2. I’m afraid I'll be late.
3. We’ll be happy to see you in Moscow again, Mr. Clark.
4. I'm sure the work will be su
Key words and phrases
store – зберігати
formats – формати
manipulation of digital data – маніпуляція цифрових даних
basic – основний
network – мережа
software – програмне заб
Information technology
Information systems collect, organize, store, process, retrieve and display information in different formats (text. video, and voice). Information technology allows very fast automated manipulation
Language work
Exercise 1.Combine one word from A and one word from B and match it with the appropriate definition in C.
A
B
Grammar
Exercise 6. Make the following statements interrogative:
1. I often go to the cinema.
2. I'm busy till half past eleven.
3. She lives in Moscow.
Key words and phrases
Behavior – поведінка
branch of engineering and physics – галузь техніки і фізики
entertainment – розваги
control systems – системи управління
circuits - схеми
Electronics
Electronics is a branch of engineering and physics. It deals with the emission, behavior, and effects of electrons for the generation, transmission, reception, and storage of information. Th
Language work
Exercise 1.Choose the correct word in the following sentences. Translate them.
1. Transistors / inductors are the key component in electronics.
2. They consist of
Senior Electronics Design Engineer
The Senior Electronics Design Engineer will be responsible for enhancing and supporting the entire electronic design process, including, but not limited to:
- electronic product developmen
Grammar
Exercise 7. Translate into Ukrainian.
1. The experiment will be described in several journals.
2. A conference on those problems is being held now.
3. Th
Exercise 10. Paraphrase using Passive.
Ex: They are going to interviewsome other candidates.–Some other candidates are going to be interviewed.
1. They are going to interviewthree girls for a job.
Key words and phrases
scrap – брухт
add value – додана вартість
commitment – зобов'язання
to facilitate – сприяти
inventory control – управління запасами
system failure analy
Quality
Quality means meeting the minimum set of requirements in a product's specification and then being delighted that the customer's expectations have been met and exceeded. Therefore, the goal of a bus
Health and Safety
The average person finds it difficult to assess risks. For this reason work practices need to be regulated. Examples of dangerous activities are:
- welding or grinding without goggles
Language work
Exercise 1.Choose the correct word in the following sentences.
1. We must check / control the temperature regularly to make sure it doesn't rise.
2. To com
Grammar
Exercise 6. Translate into Ukrainian.
1. Phone Bill at his office. He may still be there.
2. John may still be away in France. He might have a lot of work to do t
Key words and phrases
hydraulic – гідравлічний
highway – шосе
boiler – котел
crane – кран
gas engine – газовий двигун
machine tool – верстат
pump – насос
tu
Engineering
Engineering is based principally on physics, chemistry, and mathematics, and their extensions into materials science, solid and fluid mechanics, thermodynamics, transfer and rate processes, and sys
Chemical
The chemical industry covers the business that uses chemical reactions to turn raw materials, such as coal, oil, and salt into different products. Technological advances in the chemical industry ha
Language work
Exercise 1.Match the following verbs with the correct definition.
anneal
to melt metal and then pour it into a form, e.g. iron
Grammar
Exercise 7.Translate into Ukrainian.
1. She's gone to collect her pay cheque.
2. The three bears went into the forest to find firewood.
3. To be or not t
Key words and phrases
amplify – посилювати
аttenuation – затухання
coaxial cable – коаксіальний кабель
copper wire – мідний дріт
metallic-pair circuit – металеві пари схемою
Telecommunications Technology
Telecommunications technology transmits information by electromagnetic means over media such as telephone wires or radio waves. The information may be voice, facsimile, data, radio, or television s
Language work
Exercise 1. Match each of the following words with its definition.
wire a device which maps the binary strings into coded bits or waveforms for transmissio
TELECOMMUNICATIONS TECHNOLOGY CERTIFICATE COURSE
COURSE NAME COURSE DETAILS
Telecommunications Introduction to the _________
Fundamentals of information
Telecommunications Hands-on practical experiments Fundamentals Lab
Grammar
Exercise 6. Translate intoUkrainian minding Complex Object.
1. We noticed the woman enter the house through the back door.
2. I saw them walk along the road.
Key words and phrases
carpenter –тесляр
mason – каменяр
plasterer – штукатур
plumber – водопровідник
quantity surveyor – кошторисник
roofer – покрівельник
caisson –
Construction
Construction means the erection or assembly of large structures, primarily those which provide shelter, such as commercial and residential buildings. It also includes major works such as ships, air
Language work
Exercise 1.Choose the correct word in the following sentences.
1. A flat roof is usually covered in roofing felt / skin for protection against the w
Grammar
Exercise 6.Translate into Ukrainian minding Complex Subject.
1. She is known to live in France.
2. The film festival was reported to take place in
Key words and phrases
ground fault - замикання на землю
gvercurrent - надструмів
overload - перевантаження
short circuit - коротке замикання
dustproof - захищений від пилу
ex
Electrical Engineering
Electrical engineering deals with the practical application of the theory of electricity to the construction and manufacture of systems, devices and assemblies that use electric power and signals.
Language work
Exercise 1.Express each of these ideas as a compound.
1. a board consisting of a number of panels
2. material that does not allow water to get int
Grammar
Exercise 6.Translate into Ukrainian. Point out the form and function of Participle.
1. We would like to contact someone in your institute interested in our programme and s
Key words and phrases
to apply – 1.застосовувати, 2.звертатись до, подати заяву
apprenticeship – учнівство, навчання професії
craftsman – майстер, ремісник
current – 1.струм, 2. сучасний, пото
Engineering Profession
Engineering is a science of applying knowledge of properties of matter and natural sources of the energy to practical problems of industry. It deals with different things: design and manufacture of
Language work
Exercise 1. Match the following words with their definitions:
1. to apply
2. current
3.to manufacture
4. occupation
5.
Grammar
Exercise 8.Translate into Ukrainian minding Gerund.
1. I understand perfectly your wishing to be a qualified specialist. 2. Everybody will discuss the event, there is
Key words and phrases
to designate – зазначати, визначати
community – співтовариство
to confer – присуджувати наукову ступінь, співставляти
to wield – володіти, мати в руках
negligent
Technological Culture and its Problems
That humans have been designated Homo faber (man the maker, tool user) rather| than Homo sapiens (man the wise, thinker) indicates the centrality of technology in the life of even t
Language work
Exercise 1.Check your understanding answering the questions:
1. What indicates the centrality of technology in the life of mankind?
2. What are the stages of tech
Grammar
Exercise 6. Point out the Nominative Absolute Participial Construction. State what kind of adverbial modifier it expresses.
1. The weather being dark and piercing cold, he
Коли урочисте засідання закінчилося, почався концерт.
Exercise 8. Translate into English, using the Nominative Absolute Participial Construction.
1) Коли принесли десерт, гості поспішили до столу, але Джон залишився на дворі.
Language work
Exercise 1. Make sentences putting the given words into a correct order using the text above:
1. 1951 – “genetic engineering” – novel Dragon’s Island,
Genetic ….. uses the techniques of molecular cloning to alter the structure and characteristics of genes.
2. For example, crop plants can be given a …. from an Arctic fish, so they produce an antifreeze protein in their leaves.
3. The antifreeze protein helps to …. frost damage.
4. Ot
Grammar
Exercise 7.Translate into Ukrainian.
1. If he agreed to speak at the conference, we'd all be very happy. 2. It would be very convenient for me if we could put off our appo
LITERATURE
1. Бахов И. С. Деловой английский. Практикум. / И. С. Бахов, Т. И. Вощина и др. – К. : МАУП, 2003. – 400 с.
2. Качалова К. Н., Израилевич Е. Е. Практическая грамматика английского языка /
Технічних ВНЗ
Редагування А. А. Красько
Комп’ютерне верстання О. П. Ордіна
78/2012. Формат 60 х 84/8. Ум. друк. арк. 5,81.
Обл.-вид. арк
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