Give your written statements. What kind of credit did each of these bank customers ask for?
1) Mr. and Mrs. Garrington sold their old house and bought a new one. However, as the new house was much larger and more expensive, they needed credit to pay the difference.
2) Jenny is a student whose income only just meets her expenses. In the winter months her heating and electricity bills are higher, and without credit she wouldn’t always be able to pay them.
3) Adam wants to buy a car, but only has enough savings to buy an old one. He would rather make use of his bank’s credit facilities to buy a newer model which hopefully wouldn’t need repairing so often.
4) Mrs. Brown has her own company. She travels a lot on business and likes to make use of her bank’s credit facilities to spread her expenses over a longer period.
5) Mr. Price has to pay the rent for his apartment on the first day of every month. However, he only receives his salary on the third day of the month. Without his bank’s credit facilities, he wouldn’t always be able to pay the rent.
Unit 8
ТЕКСТИ ДЛЯ САМОСТІЙНОГО ЧИТАННЯ У І СЕМЕСТРІ*
1.1. Read text 1 and be ready to define:
a) what a business entity is;
b) three main types and forms of business organizations.
TEXT 1
