Transcript BANKING

Progress text (15 April)
Units covered by the 1st progress test:
The Business Cycle
(causes, Keynesianism and monetarism, graph
description)
Trade
(retail, wholesale, e-commerce, international trade,
free trade & protectionism, EU)
Banking
(types of banks, banking services, microfinance,
central banking, monetary policy, crisis of credit)
+ language of meetings
REPORT WRITING TASK
Describing graphs
Revision: verbs, nouns, adverbs, adjectives
Translate:
1) U ožujku je vrijednost dionica naglo pala.
2) Prihod je potonuo ispod 1.000.000 EUR.
3) Cijene zlata dosegle su najnižu točku 2010.
4) Očekujemo skok cijena nafte.
5) Porezi su postupno rasli.
6) Zabilježili smo dramatičan uzlet cijena nekretnina.
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Stock value suddenly DROPPED in March.
In March the value of stocks FELL rapidly.
The revenue SANK below EUR 1.000.000.
The revenue PLUNGED below EUR 1.000.000.
Gold prices REACHED the trough in 2010.
Gold prices BOTTOMED OUT in 2010.
We are expecting a JUMP / a SURGE in oil prices.
Taxes DROPPED / FELL / DECREASED gradually.
We recorded a dramatic SURGE in real estate
prices.
Describing graphs
PREPOSITIONS, RB, 33-34
Exercises I & II
Describing movements and prepositions
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from 2 h ___
to rise ______
to 5 h
by
to increase _____
35 % (verb + ?)
of 10 % (noun + ?)
a decrease ____
of 15%
an increase ____
to decrease ____
by 46%
from 20 % ____
to 13 %
to fall _____
to fall ____
from $3 h ___
to $2 h
in sales.
The company expects a 5% increase ___
in 1998.
Sales stood ___
at $1 m ___
at $1,000.
The sales figures peaked ___
Describing movements and
prepositions
• to rise from 2 h to 5 h
• to increase by 35 % / by 3 (from 2 to 5)
• an increase of 15%
• a decrease of 10 %
• to decrease by 46% / by 2 (from 10 to 8)
• to fall from 20 % to 13 %
• to fall from $3 h to $2 h
• The company expects a 5% increase in sales.
• Sales stood at $1 m in 1998.
• The sales figures peaked at $1,000.
Careful: rast od 5% je an increase of 5% noun + of
porasti za 5% nije to increase for 5% nego:
to increase by verb + by
Prepositions:TO, OF, BY,
FROM, IN, AT
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It will rise .... $5 and go .... $20.
The price is stable .... 15$.
This is an increase .... $5 ... the price.
This is a $5 rise .... the price.
Sales have grown ... 2%.
Prepositions: TO, OF, BY,
FROM, IN, AT
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It will rise BY $5 and go TO $20.
The price is stable AT 15$.
This is an increase OF $5 IN the price.
This is a $5 rise IN the price.
Sales have grown BY 2%.
HW: RB, p 34, exercise III
Time prepositions
• on
• in
at
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since
for
ago
before
to / till / until
till / until
by
on Monday, on 23 March 2012
in August / in winter
in the morning
in 2006
in an hour
at half past nine
at night
at the weekend
since 1980
for 2 years
2 years ago
before 2004
from Monday to/till Friday
He is on holiday until Friday.
I will be back by 6 o’clock.
By 11 o'clock, I had read five pages.
Home assignments
Report (task 3) – few students submitted hw
HW for Tue (7 April): Report – task 4 (RB, p 26)
• RB, p 58 BANK STATEMENTS
• Do you get bank statements from your bank?
• Do you know anyone (adult) who has no bank
account?
• What are the benefits of having a bank account?
• What are the drawbacks of not having one?
• How many people in the world have no access to
banking/financial services? (the unbanked or
the underbanked)
Access to finance varies greatly between countries:
ca 5 % in Papua New Guinea and Tanzania
100 % in the Netherlands
MICROFINANCE
- providing financial services to low-income clients
Is that a good idea in your opinion?
Have you heard of some specific examples?
Muhammad Yunus (Grameen bank)?
Learn more about the first microfinance initiative:
http://www.grameen-info.org/index.php?option=com_content&task=view&id=210&Itemid=536
→ MK, p 76 Listening
Get ready to answer the questions.
1 Social ____________ - a group of people
who...
2 Making _________ to ....
3 Because the bank makes _______ loans to a
________ number of people, which
____________ the risk.
4 Because it has been shown that ....
Microfinance can be a part of normal ....
5 A_________, L_______ A_______ and A_____
Listening cont.
Listen for terms defined below:
Assets promised by a borrower to a lender if the
borrower cannot repay the loan. collateral
The managing of investments in ways that produce as
much profit as possible while limiting the danger of
losses. risk management (tool)
Reducing risk by investing in a variety of assets /
lending money to large number of people.
risk diversification
COLLATERAL
Assets promised by a borrower to a lender if the
borrower cannot repay the loan – collateral
Eg. The firm went bankrupt, and because he had
used his two homes as collateral when he borrowed
money for the company, he lost almost everything he
owned.
Synonym: security
Eg. Mortgage is a loan, usually to buy property, which
serves as a security for the loan.
secured credit vs. unsecured credit
In the majority of bankruptcies, secured credit is
repaid before unsecured credit.
Next time:
Central banks & monetary policy
Get ready for the next class RB, p 62:
- review the functions of the central bank
- make sure you understand the
words/concepts in the box
- read the excerpt from Schiller’s Essentials
of Economics
HW: RB, p 62: tasks 1, 2 & 3