Устинова Н.А. Сборник текстов для студентов заочной формы обучения по английскому языку. Москва, 2005 год
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2. True or false?
1. People always pay in their national currency when they travel overseas.
2. You don’t have to change your money for the local currency.
3. Banks take a commission for the transaction.
4. Travellers are recommended to have a lot of cash on them.
5. It’s quite safe to have a lot of money on you when you travel.
3. Translate the text.
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TEXT 29
Read the text and do exercises that follow.
TRAVELLER’S CHEQUES
A traveller's cheque is a bank draft for personal use of the purchaser. It is
signed by the purchaser at the time of purchase from the national bank.
Traveller's cheques are issued in major hard currencies in fixed-amount notes,
e.g. a 20 US dollar note.
They also bear the name of the issuing company, e.g. Thomas Cook Traveller's
Cheques.
A 1 per cent commission will be charged by the bank on sales of traveller's
cheques.
Traveller's cheques are cheques which you can change for foreign local cash
money at an overseas bank when you travel abroad. A commission of 1 or 2 per cent
will be charged on traveller's cheques by the bank for the transaction.
Traveller's cheques are very convenient as a method of payment in tourism.
They are used to pay bills in hotels, restaurants and shops.
They don't have any expiry date. Once they are bought, they are valid for an
unlimited period of time. You can take them along any time you travel overseas.
With traveller's cheques you don't have to carry large amounts of cash.
Traveller's cheques are very safe to carry. When the buyer signs them at the moment
of buying, it means they will be protected from forgery, because he will have to
countersign them in front of the staff member who will compare the two signatures
before accepting them.
If they are lost or stolen, they will not be used by another person as long as
they bear the signature of the buyer but no countersignature.
When traveller's cheques are cashed, the customer will be asked to produce his
or her passport for identification. Besides, all traveller's cheques are numbered and a
special record or sales advice will be given to the buyer with all the traveller's
cheques numbers. The buyer will be recommended not to keep the cheques and the
sales advice together in one place and not to countersign them in advance. In case the
cheques are lost, their numbers and amounts will be preserved. Thus, they will be
refunded or replaced by the issuing company.
As travellers cheques come in different denominations, you can change both
small and large amounts according to your needs.
1. Answer the question.
1. What is a traveller's cheque?
2. What kind of denominations do traveller's cheques come in? What do they bear on
the front?
3. How are traveller's cheques used for payments?
4. What will commissions be charged on if you decide to use traveller's cheques?
5. In what way are traveller's cheques convenient to use?
6. What is the advantage of no expiry date on traveller's cheques?
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7. Why are traveller's cheques very safe to carry? What measures are taken to protect
them from forgery?
8. What will the buyer of traveller's cheques be recommended to do and why?
2. Match one part of a sentence with another.
1. A traveller’s cheque a) you have to carry large amounts of cash
2. Traveller’s cheques bear b) you can change both small and large
amounts according to your needs.
3. Traveller’s cheques are valid c) bank draft for personal use of the
purchaser
4. With traveller’s cheques d) the customer will be asked to show a
document for identification
5. If traveller’s cheques are lost or
stolen
e) the name of the issuing company
6. When traveller’s cheques are
cashed
f) for an unlimited period of time
7. As traveller’s cheques come in
different denominations
g) they will not be used by another person
3. Translate the text.
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TEXT 30
Read part of Michael Prest’s article and answer the question that follow.
THE FINANCIAL SYSTEM AND PEOPLE
When I bought my house I borrowed most of the money from a bank. The bank
insisted that I pay the rest of the cost of the house with my own money. I also agreed
to repay the bank loan over 25 years at an interest rate which varied according to the
market. The payment for the house was made by cheque. Since the house was the
bank's security for its loan, I also had to insure the property against fire or other
damage.
This might all sound expensive, difficult and risky. But the majority of British
families buys their homes this way and on the whole see nothing threatening or
strange about it. They do not feel threatened because this is the way houses have been
bought for many years: their parents and grandparents probably did the same. Things
can go wrong, but usually people repeat the process several times during their lives,
often buying a bigger and more expensive house as their incomes rise and they make
a profit on selling the previous house.
There is a deeper reason, however, why buying a house this way does not seem
strange. The process illustrates many of the essential components of a capitalist
financial system, which in Britain's case is one of the most sophisticated in the world:
big transactions are rarely in cash (my house purchase g cheque); borrowing is easy
and common (the mortgage on the house); people have secure savings (from which I
topped up the bank loan); one can protect property financially (insurance); and there
is a market on which assets can be readily bought and sold (selling my house and
buying another one). In essence, this financial system is how people who need money
(a house buyer) can be put in touch with people who have money (banks and other
institutions). It is how savers relate to borrowers.
Savings are the heart of the system. They are simply what people have left over
after meeting their daily needs for food, housing, recreation and so on. If individuals
did not save, there would be no spare money to lend to other people. So the first fun-
damental ingredient of the British financial system is that people save - typically
around 15 percent of what they earn. The savers are not the government (which in
fact is a big borrower), and they are not companies (which generally want to borrow
money to finance expansion). They are ordinary citizens. The financial system is
driven, therefore, by the separate decisions of millions of people. Put another way, it
is about risk - about people weighing up the risks and returns from different ways of
using their money.
They can make these decisions because of two other fundamental ingredients.
One is private property. Individuals can buy and sell all kinds of assets - not just
personal possessions such as televisions or cars. People own shares in companies, or
they buy government bonds, or they form partnerships with others to run a business.
There is a basic freedom to use your money and property as you wish.
The other fundamental ingredient is perhaps less obvious. It is a free press. People
cannot save or invest wisely without information. Indeed, so important has
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information become to finance that the two are virtually identical. The worldwide
explosion in electronic information services, increasingly carried over the Internet,
has been substantially a response to the apparently insatiable demand for information
useful in business. Britain has a flourishing business press, of which the best known
are the Financial Times, a daily newspaper, and the Economist, a weekly magazine,
both read by business people and others all over the world. Television and radio also
carry detailed business news.
1. Answer the question.
1. Where can people borrow money if they want to buy a house or to start a business?
2. How do they repay the bank loan?
3. Does an interest rate vary according to the market?
4. Why do people have to insure the property or risks?
5. Is borrowing money from a bank risky or difficult?
6. What are savings?
7. How much do people save in Great Britain?
8. What is private property?
9. Why is business information very important for people?
10. Where can people get business news?
2. Match the worlds with the definitions.
1. insurance a) the things that a company owns, that can be sold to pay debts
2. mortage b) an official document promising that a government or company
will pay back money that it has borrowed, often with interest.
3. returns c) physical harm caused to something or someone
4. assets d) the amount of profit that you get from something
5. bond e) a legal arrangement that gives a bank the right to own your house,
land, or property if you do not pay back the money they lent you
within a certain period of time
6. damage f) an arrangement with a company in which you pay them money
each year and they pay costs if anything bad happens to you or
your property
3. Translate the text.
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ЛИТЕРАТУРА:
1. Cotton D., Farvey D., Kent S. Market Leader. Practice File., Longman, 2001
2. Grant D., McLarty R Business Basics, Oxford Univercity Press, 1999
3. Johnson Ch., Market Leader. Test File., Longman, 2000
4. Lees G., Thorne T., English on Business, Издательство «Титул», 1997
5. Longman Dictionary of Contemporary English, Longman, 2000
6. Tullis G., Power S., New Insights into Business. Workbook, Longman, 2002
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СОДЕРДАНИЕ:
ПРЕДИСЛОВИЕ..........................................................................................................4
РЕКОМЕНДАЦИИ ДЛЯ СТУДЕНТОВ....................................................................5
TEXT 1 COMPANY STRUCTURE............................................................................6
TEXT 2 SBS..................................................................................................................8
TEXT 3 MANNESMANN AG..................................................................................10
TEXT 4 MINDSTEPS.................................................................................................11
TEXT 5 CHANGES IN COMPANY POLICY..........................................................12
TEXT 6 SOME ADVICE FOR BUSINESS LEADERS..........................................14
TEXT 7 TED TURNER – MR TV............................................................................16
TEXT 8 THE RICHEST MAN IN THE WORLD...................................................17
TEXT 9 PROCTER & GAMBLE..............................................................................19
TEXT 10 FREEPLAY................................................................................................20
TEXT 11 HI-FRY - THE SONY STORY.................................................................21
TEXT 12 HALLMARK CARDS, INC......................................................................22
TEXT 13 GUCCI........................................................................................................25
TEXT 14 IKEA...........................................................................................................27
TEXT 15 TETRA PAK..............................................................................................29
TEXT 16 INSTANT COFFEE...................................................................................31
TEXT 17 TEA HISTORY AND DEVELOPMENT.................................................32
TEXT 18 PRESENTING A NEW PRODUCT...........................................................34
TEXT 19 MANAGING INTERNATIONAL RETAILING.....................................36
TEXT 20 DAEWOO AND THE ART OF CUSTOMER FOCUS..........................38
TEXT 21 BENSON FACES UNCERTAIN FUTURE...............................................40
TEXT 22 SETTING UP A BUSINESS......................................................................42
TEXT 23 SOME TIPS ON STARTING YOUR BUSINESS.....................................44
TEXT 24 NEW KIDS ON THE BUSINESS BLOCK.............................................45
TEXT 25 THE SOUTH SEA BUBBLE.....................................................................47
TEXT 26 TULIPOMANIA.........................................................................................48
TEXT 27 THE WALL STREET CRASH...................................................................49
TEXT 28 CASH..........................................................................................................50
TEXT 29 TRAVELLER’S CHEQUES.......................................................................52
TEXT 30 THE FINANCIAL SYSTEM AND PEOPLE............................................54
ЛИТЕРАТУРА:..........................................................................................................56
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Устинова Н.А.
Сборник текстов для студентов заочной формы обучения
по английскому языку
Составитель
Устинова Н.А.
Компьютерный набор Брусилова А.М.
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