Ex. 1 Agree or disagree with the following statements. Correct them if they are false
1. Industria imposed import restrictions on certain goods according to the international agreement. 2. Import restrictions have been imposed on all goods coming from developing countries. 3. The press thinks import controls might harm Industria’s foreign trade. 4. There is going to be an election in Industria next year. 5. The new restrictions will help Industria’s balance of payment and protect unemployment. 6. Bill Cornell has sold about 400 Jayal mopeds over the last few months. 7. Bill has got about 400 bikes in stock at the moment. 8. The import restrictions have already come into force. 9. Bill is going to increase his order before the restrictions are imposed. 10. Jayal Motors export to several countries.
Ex. 2. Complete the following questions and answer them.
1. What import restrictions ... ? 2. Has Industria imposed import restrictions on ... ? 3. When will an election ... ? 4. Why did the government decide to ... ? 5. How many mopeds did Bill Cornell ... ? 6. How many bikes has Bill Cornell ... ? 7. How many bikes will Bill Cornell ... ? 8. Will Jayal Motors be able to deliver.. ? 9. Why should Jayal Motors develop ...?
Ex. 3. Problem solving.
In this episode Bill Cornell says: Jayal bikes are selling very well at the moment. On average about 400 a month. Carl says: You mustn’t overstep the quota restrictions that means cutting that figure of 400 by 20 % over the next 12 months.
How many bikes will Bill be able to sell in a year’s time?
Read five more problems and answer the questions.
1.Last month we bought 300 tonnes of steel, but because of a special order the amount was increased by 50% this month. Next month we will still have the same special order and we expect a 10% increase on this month’s figures as well.
How many tonnes of steel do we expect to buy next month?
2. We normally sell twice as many spare parts for model CX as for model FT. Last month we sold $750 worth of spare parts for the FT.
What was the value of the spare parts for model CX last month?
3.Shares in Barratts reached an all time high of 450 last night but today they have fallen by five points.
How much would it cost you to buy a one pound share in Barratts today?(Share prices are quoted in pence. 100 cent = $1)
4.The two items were priced at $60 and $80 respectively, but he got a 5% discount for buying them both.
How much did he pay altogether for the two items?
5.He bought four items. The first cost $1.15. The second cost twice as much. The third cost 70 cent and the fourth cost half as much as the third. He caught a bus to and from the shops. The bus fare one way was 12 cent.
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How much change did he have from a $5 note?
LESSON NINE
METHODS OF PAYMENT
Words to be remembered
1) drawer - трассант; drawee - трассат; 2) deed - акт, документ за печатью; 4) to draw up smth. - составить что-либо; 5) to authorize - уполномочивать; разрешать, санкционировать; 7) to specify - определять, устанавливать; specified - определенный; 8) to exclude - исключать; exclusive - исключительный, единственный; первоклассный; 9) to venture - рисковать; спекулировать; venture - коммерческое предприятие; спекуляция; 10) discount - скидка; to allow a discount - предоставлять скидку; 11) to exceed - превышать, превосходить; excess - превышение, избыток, излишек; 12) to present - предъявлять, представлять; presentation - представление; 13) to accept - принимать; допускать; соглашаться; acceptance - принятие; акцепт; acceptable - приемлемый; 14) draft - переводной вексель, тратта; 15) to honour (a bill, a draft) - платить в срок (по векселю)
Ex. 1. Translate the following sentences.
1. We can let you buy the goods at a special discount of 7% for cash. 2. The driver was fined for exceeding the speed limit. 3. Mr.Rogers has developed some ideas for restructuring the Marketing Department and will present these to the Board at next week’s meeting. 4. The main functions of banks are to accept and hold deposits, to honour drafts and to give loans and overdrafts. 5. They have exclusive rights for the sale of Ford cars in the town. 6. The order specifies a December deadline for completion of the work. 7. They will only sign the contract if the terms are fully acceptable to them. 8. The chief accountant authorized the payment of this bill. 9. The Sales Manager carefully looked through the contract drawn up by the lawyer and signed it. 10. The signature of the drawer on the cheque must correspond with the specimen held by the bank.
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