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Ex.4. Familiarize yourself with the following idioms. Consult your dictionary and translate the sentences into Ukrainian. Think of situations where you could use them
1. We see eye to eye on the matter, so let’s sign a contract.
2. Instead of firing him, the company let him quit to save face.
3. He fell down on the job and didn’t complete his assignment on time.
4. The owner made a fast buck by selling his business before it failed.
5. He’s crazy to think we will work on Sundays for chicken feed.
Ex.5. Comment on the following:
“A business cannot afford conscience.”
(Anonymous)
TEST 6 (UNIT VI)
Choose the word or word combination to match the definition.
1. A charge paid to a person or a bank for the money borrowed.
| a) loan | b) interest | c) rent |
2. Illegally giving someone money so that they act in your favour.
| a) racket | b) money laundering | c) bribery |
3. A book that lists all payments into and withdrawals from a customer's bank account.
| a) bank statement | b) bank book | c) bank deposit |
4. The most important bank in a country that controls a nation's policy on money and interest rates.
| a) development bank | b) major bank | c) central bank |
5. A bank that specializes in raising capital for industry.
| a) savings bank | b) merchant bank | c) national bank |
6. An account with a bank for personal savings.
| a) savings account | b) capital account | c) correspondent account |
7. The central banking system of the USA.
| a) Commercial Bank | b) National Bank | c) Federal Reserve System |
8. A system of making payments by having money transferred from an account.
| a) direct mail | b) direct debit | c) direct export |
9. A customer's instruction to a bank to pay a certain amount to another person or organization at regular intervals.
| a) standard rate | b) statement of account | c) standing order |
10. A free trade association with a common currency and unrestricted movement of capital goods and people between countries.
| a) firm market | b) single market | c) profitable market |
11. The unit of currency of the European Union.
| a) dollar | b) euro | c) pound |
12. The coins and banknotes that belong to a particular country.
| a) benefit | b) currency | c) transaction cost |
13. Money that can be exchanged for the currency of another country.
| a) convertible currency | b) counterfeit currency | c) controlled currency |
14. A group of countries in Europe working to create a stronger world market for European goods and services.
| a) European Commission | b) European Union | c) United Nations |
15. The amount of money that a person, an organization or a country has to buy goods and services.
| a) active power | b) economic power | c) purchasing power |
16. The amount of money spent on a piece of business done.
| a) actual cost | b) transaction cost | c) contract cost |
17. An agreement with a company in which the company will pay for a loss or accident in exchange for regular premiums (payments).
| a) insurance | b) installment | c) insulation |
18. A large amount of money, goods or property.
| a) value | b) wealth | c) cost |
19. Disguising the criminal origin of money such as drug money.
| a) money order | b) money supply | c) money laundering |
20. Change for small purchases.
| a) near money | b) pocket money | c) cheap money |
Unit Vii International business
Lesson 1
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