GROUP WORK 4

ANSWER SHEET
PART 1
1 2 3 4 5

PART 2
1 2 3 4
5 6 7 8

PART 3
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PART 4
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PART 5
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Exercise 1: Match these terms with their corresponding meanings.

1. The Treasury
2. Corporate credit rating agency
3. Morgage lender
4. Subprime morgage
5. Credit squeeze

A. the government department in charge of the money that a government collects in

taxes and from borrowing, and the money that it spends.
B. a company that calculates the risk of lending to or investing in a company or its
financial products.
C. a restraint or limitation of credit; usually (although not always) a government
measure designed to reduce inflation, by methods such as increasing interest
rates.
D. a loan to buy a house which has been given to a borrower with a poor credit
rating.
E. a company that provides loans of money for people to buy houses.
Exercise 2. Complete the passage with the words in the box.
host department representative provisions branches control
parent participation office organization subsidiaries join
Nowadays, banks have moved into external and international markets with an
agency or a (1) _____ office because it is relatively easy for them to establish these
offices. The most important factors affecting the choice of office type include the
attitude of the (2) _____ country as reflected in its laws, regulations and policies
towards these financial institutions. Some countries prohibit foreign commercial
branches; others prohibit foreign-held (3) _____. And, of course, some governments do
not accept both foreign branches and subsidiaries. In other cases, entry of new firms is
prohibited, but outside firms already in existence are permitted to function under
grandfather (4) _____. Over a dozen foreign countries permit no foreign commercial
banking except for representative offices, and only a small amount of trade is conducted
with these countries. In some cases, the policy of the home country of the (5) _____
bank may determine or at least influence the type of office established abroad. In at
least a few instances, certain types of oversea offices are not permitted by the
government of the parent company. Generally, (6) _____ are easier to establish than a
subsidiary in a foreign country and they afford the parent company the greatest degree
of (7) _____. Accordingly, as full- service types of offices, branches play a key role in
external markets. The type of office a bank establishes abroad also depends on the
extent of market (8) _____ desired by the bank, the amount that can be invested in the
facility, and the availability of trained and talented staff.

Exercise 3: Read the passage and answer the questions.

There are different kinds of bank accounts. The most popular are the current and
deposit accounts. A current account pays no interest but it has other advantages. Firstly,
it enables people to keep their money in a safe place. Secondly, it allows them to
withdraw it at any time. Thirdly, it provides them with a cheque book so that they do
not have to carry a lot of cash.
To open a current account, it is necessary to see the branch manager. He has to
decide whether the applicant is likely to keep the account in credit. A current account
holder can only overdraw with the manager’s permission. The manager will therefore
want to meet the applicant to get the necessary background information. For example,
he will want to know the applicant’s occupation and his place of work. He will also
probably want a reference from his/her employer. If the manager is satisfied with the
applicant after the interview, he will approve the application, arrange for the applicant
to be given a cheque book and arrange for a monthly statement to be sent to him/her.
A deposit account is another popular kind of account. It has advantages over a
current account. First of all, it is easier to open than a current account. There is no need
to see the manager. A customer only has to fill in a form and then deposit the minimum
amount of money required by the bank. The customer is then given a pass book which
he must bring to the bank every time he wishes to withdraw or deposit money. The pass
book is the customer’s record of the account. Secondly a deposit account earns interest
for the customer. The bank invests the money that the customer pays in and, in return,
the bank pays the customer interest.
Questions
1. What is the disadvantage of a current account?
.………………………………………………………………………………
2. What is the purpose of a cheque book?
.………………………………………………………………………………
3. What is the role of the branch manager?
.………………………………………………………………………………
4. Why does the branch manager want to meet the applicant if the customer wants
to open a current account?
.………………………………………………………………………………
 5. List 2 advantages of the deposit account over the current account.
.………………………………………………………………………………

Exercise 4: Translate the following sentences into Vietnamese.

1. Investment means using money to buy an asset with the aim of making a profit
by selling that asset at a higher price in the future.
.……………………………………………………………………………….…
…………………………………………………………………………..………
2. China has tried to control its manufacturing costs through outbound acquisition.
.……………………………………………………………………………….…
……………………………………………………………………………..……

Exercise 5: Make meaningful sentences by adding between 8 and 15 words to the

given phrases.
1. One benefit of overseas investment is ……….
2. Many foreign companies like to invest in Vietnam because …………….