Ex. 4. Complete the following sentences using the phrases given below
1. We enjoy ... . 2. They share ... . 3. They will increase ... . 4. We are going to discuss ... . 5. We demand to guarantee ... . 6. We should take into consideration ... . 7. In this supermarket the customers are proposed different ... . 8. He always writes down his ... . 9. This country gets hard currency from ... . 10. This firm recruits new ... . 11. Here you may buy goods ... . 12. Commercial banks can exchange both ... .
income and expenditure; supply and demand; quantity and quality; goods and services; profits and losses; invisible and visible export; wages and salaries; pleasure and suffering; advantages and disadvantages; by cash and check; workers and employees; surplus and deficit; food and shelter; by wholesale and retail; hard currency and soft currency
Ex. 5. Find Grammar mistakes if any and correct them.
1. Disagreement over some minor details are holding the negotiations. 2. The whole community usually benefit from the increased economic activity. 3. The whole company is going to benefit for the South American order. 4. Many of coffee grown at Mexico were exported to earn hard currency. 5. We’re having difficulties meeting our commitments because we haven’t receive money yet. 6. A firm is said to be insolvent (неплатёжеспособный) when it can’t meet its commitments. 7. She is great influenced by other people’s opinions. 8. The exchange rate can to affect the price of exported goods. 9. The factory make an aircraft engine components. 10. I keep all the paid bills into this drawer and all the outstanding one at the other.
Ex. 6. A. Translate the following word combinations paying attention to the Infinitives and make up your own sentences with them.
1) debts to be paid; 2) a contract to be signed; 3) components to be despatched; 4) problems to be solved; 5) shipment to be held up; 6) benefit to be received; 7) the employee to be fired; 8) a loan to be granted by the bank; 9) a loss to be set off; 10) taxes to be collected; 11) money to be invested in the company; 12) roubles to be exchanged for dollars; 13) the order to be met in time; 14) the loan to be met immediately; 15) new models of bikes to be designed; 16) savings to be put in the bank; 17) the interest rate to be increased; 18) skilled workers to be recruited; 19) expenditure to be reduced; 20) new terms of payment to be approved by trade unions
B. Make up sentences to say why people go to some of the following places. Begin: You go Model: a library - You go to a library to borrow books.
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1) a bank; 2) a supermarket; 3) a garage; 4) an inquiry office; 5) an employment agency; 6) a Trade Fair; 7) an Accounts Department; 8) a wholesale market; 9) a chief’s office; 10) a cashier’s office; 11) a cash desk; 12) a booking office; 13) a box office; 14) a currency exchange office
TEXT A
INTERNATIONAL TRADE AND EXCHANGE
Read the text giving English equivalents to the Russian words and put ten questions to the text.
When a country imports goods, it spends its (валюта) abroad. When a country exports goods, it is (платить) in (иностранная валюта). The difference between the money a country (зарабатывать) for goods and the amount it spends on goods is called its (торговый баланс). Countries also (торговать) abroad in things like (страхование), tourism, foreign investment, etc. which are known as (невидимый импорт и экспорт). When a country spends money abroad on things other than goods, the (сделка) is called an (невидимый импорт). When a country receives money from abroad for things other than goods, the (сделка) is called an (невидимый экспорт). The difference between the total amount of money a country spends and the total amount it earns is its (платежный баланс).
If a country (зарабатывать) more than it spends, it has favourable balance of payment. It is also called (активный платежный баланс). If a country spends more than it earns it has an unfavourable balance of payments. This is also called a (дефицит платежного баланса).
In order for international trade to take place, countries have to buy and sell (иностранная валюта). This is done on the foreign (валютный рынок). The (стоимость) of a (валюта) on the foreign exchange market changes frequently and the price at which money can be exchanged at particular time is called the (обменный курс). The changes in the (обменный курс) are (оказывать влияние) by many political and economic factors. The cost of a currency will probably fall, for example, if a country has a large balance of trade deficit.
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The (валютный курс) can affect the (цена) of exported goods. If the (стоимость) of the exporter’s currency falls he will make more profit. On the other hand, if the cost of the foreign currency takes a fall, the exporter may have to raise his (цены) abroad in order to make a (прибыль). Alternatively the exporter can take out forwarding exchange cover. It is a form of insurance. The exporter (договариваться) to sell in future, for example, in three months time, at an agreed exchange rate the foreign currency he will receive from the sale of goods. This guards the exporter against losing money if the foreign currency falls in cost.
TEXT B
Glossary
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