IV Banking in Britain

a) Supply the prepositions where necessary.

b) Write down 3-5 questions about the texts.

The first bankers in Britain were Lombards, ________ Lombardy in northern Italy.

Merchants and traders from this part of Italy came to do business in the City of London.

But___ a century of business in London the Lombards had to leave: they loaned money

__ kings who did not repay the loans, and eventually made the bankers bankrupt.

Banking came to be conducted ______ the goldsmiths as a sideline to their normal

activities. Soon merchants, landowners, and other well-to-do people also started practising banking.

Banking developed, but Lombard Street, a narrow street in the City of London where

Italian bankers settled_____ the fifteenth century, is still the centre_______ British banking.

Many of Britain's best-known banks have their head offices________ Lombard Street. The

English banking system is a tripartite (складається з трьох частин) system. The three parts are:

a) the Bank of England, a 'State Bank';

b) the commercial, or joint-stock banks, which deal_____ the general public;

c) specialized banking institutions, such as the discount houses (обліковий банк) and merchant banks (торговельний банк).

The place of the commercial banks in the British economy is a very important one.

They stand___ the very centre of business activity and can promote prosperity (сприяти

процвітанню) or deflate the economy (зменшити грошову масу в обігу) into unemployment.

Commercial banks are most visible ______ the general public. Their main business is

taking ___ deposits and making loans to individuals and industry. This business is

conducted___ a network of branches.

They are commercial in two senses: they make loans to commerce (to finance trade) and they are themselves commercial profit-oriented businesses.

V Complete the text with the correct word from the box.

notice Post Office Savings Bank hold organisations

depositor commercial bank securities invests

The British National Savings Bank, formerly the (1)______, was set up in 1861; it (2)____

principally in government (3) ______. No (4) ____ may (5) ____ more than 10,000 pound

sterling and up to 100 can be withdrawn without (6)______.

The Trustee Savings Banks were originally nonprofit-making (7)________ founded in the

19th century to encourage thrift among low-income workers. They have gradually evolved

into a single (8)_____. which was floated on the Stock Exchange in 1986 for 1.5 billion

pound sterling. In the USA mutual savings banks are similar institutions.

UNIT 1. BANKING SYSTEMS

VI. Insert a right word or a word combination choosing from the box.

"closed down"	loan interest	earnings
loan	automatic teller machines	safe keeping
safety	commercial credits	deposit
banker	account	bank
interest	withdrawals	repaid

1. Nowadays people have got used to (1)___________. This kind of service save time

and is quite convenient.

2. My father is a (2)____, he runs a (3)____.

3. I was somewhat frustrated: the notice on the door of the bank said (4) "_________ '.'

4. Currently they've got no money in their (5)______.

5. The (6)_______ is very high.

6. The banks in this country grant (7)________ to promote trade.

7. Our company was very happy to get a (8)_____.

8. If you are concerned about the (9)_____ of your (10)____, make a (11)____ in your

bank.

9. Bank deposit is a sum of money left with a bank for (12)________ or to earn (13)____;

it can be (14)___ after an agreed length of time.

10. ATM (15)___ are sums of money taken out of a bank account via an automatic teller

machine.

VII. Fill in each space with the appropriate word or words from a, b or c.

1. I've recently____ a small amount of capital.

a) accepted b) acquired c) adopted

2. If you want your wife to____ money from your account, you can give her power of

attorney.

a) withdraw b) dispose c) deposit

3. I'd like to____ some money in my account, please.

a) deposit b) debit c) credit

4. With this account you can withdraw_____ to $2,000 a month.

a) from b) at c) up

5. If you want a cheque-book, you can open a____.

a) deposit account b) current account c) budget account

6. I can block some of my capital, but I'd like the rest available at short______.

a) agreement b) term c) notice

7. For your investment, I'll ask our_____ department to make you a proposal.

a) investment b) personnel c) sales

8. Is there any___ to the amount I can withdraw at any one time?

a) restriction b) obstacle c) limit

9. A power of attorney on your account is_____, even after your death.

a) valid b) real c) existing

10. Does a deposit account____ me to a cheque-book?

a) enlist b) entitle c) entail

VIII. Writing Practice. Make a short summary about banking in Britain from the text "Banking in the UK" Use the opening phrases from Appendix 1.

PART III. BANKING

SECTION B. Banking in the United States of America.

Дата добавления: 2014-12-23