Exercise 7. Find words in the text synonymous in meaning to the following. Read the sentences containing them.
Date: 2015-10-07; view: 458.
| word | synonym | word | synonym |
| to bear in view | a financial condition | ||
| to choose | financial troubles | ||
| a pattern | a disadvantage | ||
| to draw interest | to repay a loan | ||
| additional | to make best use of | ||
| to put aside | it's worth | ||
| an advantage | an alternative |
Exercise 8. Replace the words or word combinations in bold time with their synonyms.
1.If you take control of your financial state, you will have peace of mind and your dream of having money for a rainy day will come true. 2. Your funds will be protected if you place them in an account insured by government. 3. A bank account will help you accumulate money, since it is often easier not to take out your savings if you have deposited your money with a bank. 4. Depository institution can grantyoua consumer loan if you have a high credit rating. 5. The key to solving the financial difficulties is to manage your money effectively. 6. If you can't afford to pay for a desired thing by cash, don't use your credit card to pay for it. 7. Before buying something on credit it is necessary to keep in mind that credit requires the necessary monthly installments. 8. Savings plans are for money that should be used only for saving rather than for anything other. 9. Credit will cost you less in the long run if you can make extra payments of any amount or if you can pay off your loan sooner. 10. The relative ease of getting credit enables consumers to enjoy goods and services when money in hand is not available.
Exercise 9. Match each term in column A with its definition in column B.
| 1. Liquidity | a business that keeps and lends money and provides other financial services. |
| 2. Interest rate | an identification card that entitles the lawful owner to make purchases on credit. |
| 3. Yield | a plastic card with which a customer may withdraw funds from his account using an automated teller machine. |
| 4. Debit card | A financial institution that obtains its funds mainly through deposits from the public. |
| 5. Bank | the percentage of the principal paid by the borrower to the lender for the use of the lender's money. |
| 6. Credit card | the ease with whiсh savings or other liquid assets can be converted to cash. |
| 7. Depository institution | the amount of interest or dividends stated as a percentage of the principal of an investment. |
| 8. Rate of return | actual amount of interest earned that depends on the rate of return and the frequency of compounding. |
Exercise 10. At least one word or word-combination has been omitted from each of these sentences. Fill in the blanks from the list of missing words below and translate them into Ukrainian.
1. The easier it is ___________________ your money from an account, the lower the interest rate __________________by the depository institution. – _______________
________________________________________________________________________________________________________________________________________________________________________________________________________
2. If you want ____________________________________, place money in an account that pays _________________________________________. – __________ ________________________________________________________________________________________________________________________________________________________________________________________________________
3. The most important thing people should do not to face financial difficulties is to learn ________________________________________ actively. – _______________ _________________________________________________________________________________________________________________________________________________________________________________________________________
4. Liquidity refers to the ease with which your savings can _____________________ ____________. – ___________________________________________________ ____________________________________________________________________
5. Credit allows consumers ___________________________ they want immediately but ________________________ in the future. – __________________________ ________________________________________________________________________________________________________________________________________________________________
6. Charge accounts and credit cards, automobile loans, ________________________, and ___________________________ are some of the best known forms of credit. – ________________________________________________________________________________
________________________________________________________________________________________________________________________________________
7. To choose ______________________________________ it's worth comparing such features as safety, liquidity, interest rate, ________, and limitations on withdrawals. – _____________________________________________________
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8. To get the true cost of your loan, you need to add __________________________ to the original amount borrowed. – ______________________________________ ________________________________________________________________________________________________________________________________________________________________
9. Different financial institutions offer different kinds of accounts and _________________________. – ________________________________________ ________________________________________________________________________________
| be converted into cash | fees | rate of return | is charged | ||
| educational loans | redpay a debt | to withdraw | to enjoy the things | ||
| a suitable bank account | the highest interest rates | the interest charges | |||
| to manage their money | mortgage loans | to earn a monetary return | |||
Exercise 11. Choose word combinations best suitable for the following sentences making sense.
1. Consumer loan is supplying money/paying in cash/taking a cash advance by financial institutions for the purpose of opening a savings account/repaying a time deposit/ buying consumer goods. 2. Buying items with equal monthly installments, credit cards, and charge accounts are forms of money-management tools/earning the yield/consumer credit. 3. The easier it is to deposit funds with the bank/ to withdraw your funds/to pay back, the greater the liquidity. 4. A checking account provides you with more spending options/check-writing privileges/the highest rate of return to withdraw funds deposited by you from the account. 5. If you want to set aside your extra cash you should deposit your money to an account that is drawn on demand/doesn't generate interest/earns the greatest monetary return. 6. Demand deposit/debit card/sales credit enables buyers to purchase goods and services without paying off for them immediately and to extend payment over time. 7. Credit costs may vary in size from one lender to another as each lender is entitled to add to the principal/compound interest/ monthly installments different credit fees. 8. Credit card entitles its owner to buy on credit or take out the interest charged/obtain cash advances/ pay by checks.
Exercise 12. Translate the sentences into English using the active vocabulary.
| 1. Щоб одержати позику для отримання ступеня бакалавра або магістра чи для фінансування покупки будинку або автомобіля, насамперед необхідно обрати банк чи іншу фінансову установу. | __________________________________________________________________________________________________________________________________________________________________________________________________________________ |
| 2. Заробляти гроші та керувати ними – це те, на що кожному потрібно звертати увагу. | _________________________________________________________________________________________________________ |
| 3. Перш ніж використати кредит по відкритому рахунку або розплатитися кредитною карткою, обміркуйте, чи заплатити за бажану річ готівкою зараз, чи заплатити за неї більше з відсотками нарахованими на ваше вилучення з у кінці місяця. | ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ |
| 4. Депозитний сертифікат являє собою вид строкового вкладу, з якого нічого не можна знятим з до настання строку. | ___________________________________________________________________________________________________________________________________________ |
| 5. Депозитна установа – це фінансова установа, яка надає громадськості різні види ощадних та чекових рахунків. | ____________________________________________________________________________________________________________________________________________ |
| 6. Позичковий кредит та продаж в кредит є найбільш відомими видами споживчого кредиту. | _________________________________________________________________________________________________________ |
| 7. Ліквідність – це легкість перетворення на готівку заощаджень, акцій та інших цінних паперів, що приносять відсотковий дохід. | _____________________________________________________________________________________________________________________________________________________________________________ |
| 8. Перш ніж покласти гроші на один з банківських рахунків, варто дослідити їхні переваги та недоліки. | __________________________________________________________________________________________________________________________________________ |
| 9. Володіння банківським рахунком полегшує спостереження за вашими грошима і змінює ваші звички витрачати. | ____________________________________________________________________________________________________________________________________________ |
| 10. Безпека, ліквідність, відсоткова ставка, складний відсоток, плата за надання кредиту та обмеження вилучень з рахунку – це характеристики банківських рахун-ків, які вам слід порівняти, перш ніж почати робити заощадження. | _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ |
| 11. Банки та депозитні установи зберігають особисті заощадження громадян країни, гарантуючи надійність, високу норму прибутку та швидку ліквідність та захищають їх від пожежи, крадіжки та інших стихійних лих. | ___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ |
| 12. Ощадні рахунки – най прості-ший спосіб заощадити гроші. | ______________________________________________________________________ |
| 13. Переоцінювання платоспромож-ності та легковажне використання кредиту може привести вас до фінансових труднощів і навіть до банкрутства. | _______________________________________________________________________________________________________________________________________________________________________________ |
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| VOCABULARY EXERCISES | | | Exercise 13. Answer the following questions. |