Read and discuss the dialogue.


- Good morning.

- Good morning, sir. Can I help you?

- Yes, I think so. I would like to open an account.

- What kind of are you interested in?

- You see, I have some spare money to put into the bank.

- Then you should open either a savings or a checking account.

- I’m afraid I know nothing about either of them. Could you tell me the difference between these two accounts?

- A small initial deposit is necessary to open a savings at our bank. If it is more than five hundred dollars and you maintain this amount, then you won’t be charged for banking services. Otherwise you will be charged five dollars a month.

- So, I must keep a minimum balance of $500, is that correct?

- Yes, that’s right. Our computers check your average daily balance.

- And will I get a banking card after opening an account?

- Yes, certainly. And then you can get your money through machine services. You can make deposits, cash withdrawals and balance inquiries with your card. The machine is at work 24 hours a day.

- Oh, it’s very convenient. And may I ask what a checking account means?

- Certainly, sir. After opening a checking account you are supposed to maintain an average daily balance of $1,000.

- And what if I fall below this limit?

- Then you would have to pay a service charge of six dollars a month, and besides you will be charged 25 cents for each check and the same amount for each cash withdrawal.

- Hmm, I see. And can I avoid it somehow?

- Yes, of course. It may be done by keeping your $1,000 in your checking account.


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- And how much interest do you pay?

- Interest of 6,5% is paid when your average daily balance is over $2,500. We credit the interest you’ve earned automatically to your account.

- Well, it’s clear enough, but I intended to put only $1,000 into the account.

- Then it would be more profitable for you to open a savings account.

- Okay. I’ve made up my mind. I will open a savings account with a deposit of one thousand dollars.

- Fine. Will you fill out this application? (The client fills out the application).

- Is everything correct?

- Yes, everything is all right. And now you need to write a deposit ticket for $1,000.

- Just a moment.

- Thank you, sir. Here is your pass-book. The bank will pay you 5,5% interest.

- Thank you. You were most helpful.

Exercises in Reading and Comprehension.

I. Answer the questions.

1. What is savings account?

2. What is required in order not to be charged for banking services?

3. How large is an initial deposit?

4. How much is the charge?

5. What is the minimum daily balance?

6. How could you get your money?

7. When is the machine at work?

8. What is the checking account?

9. What is the average daily balance for checking account?

10. And what if you fall below this limit?

11. How much interest is paid if the daily average balance is over $2,500?

12. What is the payment for each check made out and for each cash withdrawal?

13. How can you avoid it?


II. Give the English for:

Ощадний рахунок; вільні гроші; початковий вклад; банківські операції; середній щоденний баланс; знімання грошей; уникати; більш вигідно; в іншому разі; прибутковий ордер; давати проценти; мати намір; заповнювати форму; ощадна книжка; приймати рішення.

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III. Insert prepositions where necessary.

1. What kind … account are you interested … ?

2. I know nothing … it.

3. What is the difference … them?

4. You would be charged … banking services.

5. I’ll get my money … machine services … my card.

6. You should not fall … this limit.

7. You would have to pay a service charge … six dollars.

8. Can I avoid it … somehow?

9. It may be done … keeping it.

10. And now fill … this application.


Unit 12.



Key Words and Phrases:


1. money - гроші 2. (foreign) currency - (іноземна) валюта change (into) - обмінювати (на) 4.tosell (sold, sold) - продавати 5. to buy (bought, bought) - купувати 6. exchange office - пункт обміну іноземної валюти (або exchange bureau, або bureau de change) 7. to accept - приймати   8. traveller’s cheque - дорожній чек 9. cash - готівка 10. cash dispensing machine -банкомат 11. to announce - оголошувати 12. exchange rate (for) … - курс обміну для (вид валюти) 13. to charge - стягати (також просити, встановлювати ціну) 14. commission - комісійні 15. bank clerk - працівник банку 16. customer - клієнт 17. receipt - квитанція  



Read and translate the text:

In most countries you can buy or sell foreign currencies through a bank. In London money can be changed either at banks, at bureaux de change or at customer’s services desks in big department stores.

Banks are usually open from 9.30 a.m. until 3.30 p.m. Some are open on Saturday, but never on Sunday. They accept plastic cards Visa, Access as well as Eurocheques, traveller’s cheques and, of course, cash. Many banks have cash dispensing machine services. Each day banks announce the latest exchange rates.

Bureaus de change are usually open for longer hours and every day. They often charge a bigger commission than banks. The exchange rates are often shown in the running lines placed in the windows or on the walls of the bureau de change for everybody to see.

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Key Phrases

Excuse me, can I … ? Перепрошую, чи можу я ...?

Could I change … into …, please? Чи можу я у вас обміняти ... на ... ?

May/can/could I change … here? Чи можу я тут поміняти ...?

What is the exchange rate for … ? Який обмінний курс ... ?

How much would you like to change? Скільки ви хочете обміняти?

How much do you want to change?

Can/could/may I change … for my national Чи можу я поміняти ... на свою

currency? національну валюту?

What banknotes would you like? Які банкноти ви хотіли б?

I’d like to have banknotes of smaller Я б хотів більш дрібні (крупні)

(bigger) denomination.

Read and translate the dialogue.

At the Bureau de change in London

Customer:Excuse me.

Bank Clerk:Yes, Sir. Can I help you?

Customer:Yes, please. What is the exchange rate for pound sterling?

Bank Clerk:It is one dollar and sixty cents for one pound.

Customer:Could I change two hundred dollars into pounds, please?

Bank Clerk:Yes, certainly.

Customer:How much will it be?

Bank Clerk:About one hundred and twenty pounds.

Customer:Good. Here you are.

Bank Clerk:Thank you. And how would you like it, in twenties, tens or smaller notes?

Customer:In tens, please.

Bank Clerk:Fine. Here is the money and your receipt, please.

Customer:Thank you very much.

Bank Clerk:You are welcome.

Unit 13.


Key Words and Phrases:

1. financial securities – цінний папір 2. means of borrowing money – засіб позичання грошей 3. shares and stocks – акції 4. debenture – облігація 5. bills of exchange – переказний вексель 6. treasury bills – білети державної скарбниці 7. bonds – державні облігації 8. joint-stock company – акціонерна компанія 9. fixed-interest loans – позики з фіксованою відсотковою ставкою 10. be secured against assets – бути забезпеченим активами

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Read and translate the text:

«Financing security» is a financial instrument issued by companies, financial institutions and the government as a means of borrowing money and raising new capital. The most commonly used financial securities are shares and stocks, debentures, bills of exchange, treasury bills and bonds. Once issued these securities can be bought and sold either on the money market or on the stock market.

A share is a financial security issued by a joint-stock company as a means of raising long-term capital.

Debentures are a means of financing security which is used to extend a business credit for a limited time period.

A treasury bill is a redeemable financing security bearing a three-month redemption date. In the UK they are issued by the Bank of England.

Bonds are another kind of financial securities issued by a company or by the government to raise finance for the government to cover budget deficits and also as a means of controlling the money supply and level of interest rates.


Exercises in Reading and Comprehension.

Match the nouns from Column I with the suitable attributes from Column II.

Column I Column II

1. security a. money

2. market b. interest

3. loan c. long-term

4. capital d. business

5. period e. financial

6. company f. fixed-interest

7. credit g. joint-stock

8. date h. limited time

9. deficit i. redemption

10. rate j. budget

Match the word-combinations from the box with each of the following 4 verbs. Some of them may be used several times.

Issue sell raise offer

1. financial security, 2. new capital, 3. credit, 4. new redemption date, 5. financial instruments, 6. money, 7. loan, 8. assets, 9. interest rates, 10. finance, 11. bonds, 12. debentures



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