IV. Answer the questions on the text.
III. Find English equivalents to the following Russian words and word-combinations.
Making Money out of Money
II. Read and translate the text.
XI. Speak about yourself.
Вариант 2
I. Active vocabulary:
rare – редкий
to resign – уходить в отставку, оставлять пост
to earn a salary – получать жалованье
to make a lot of money – зарабатывать деньги
own – свой, собственный
to afford – (быть в состоянии) позволить себе
immediately – немедленно
to spend (spent-spent) – тратить
to save – (зд.) экономить, копить
to invest – вкладывать
in total – в итоге, в целом
to specialize in – специализироваться (в, на)
to lend (lent-lent) – одалживать, давать взаймы
respectable – респектабельный, плиличный
to owe – быть должным (кому-либо), задолжать
an interest rate –процентная ставка
to rise (rose-risen) – подниматься
to reach – достигать
a share – акция
to be worth smth – стоить
a loan – заем, ссуда
to borrow – занимать, брать взаймы
a reference – рекомендация
For seven years, Kenshin Oshima had a very good job at the firm Mitsui and Co. But, at the age of 29, he did something very rarefor a Japanese manager in his position – he resigned.
Oshima earned a good salary at Mitsui, but he wanted to make a lot of money, and to be very rich he needed to have his own company. He couldn’t affordto start a company immediatelybut during his years at Mitsui he spent very little money, and savedas much as he could.
In 1978, he investedhis money, $236,500 in total, in his new company, Shohkoh Fund and Co. Shohkoh Fund specialized in lending money to businesses, but in small sums. This decision was a risk, as money - lending by private companies was not a respectable job in 1978. His client was a firm in Tokyo, which paid back the money that it owed at an interest rateof 24%.
But his idea was good: his profits rose by 25% a year, and reached$38.5 million in 1992. He owns 80% of Shohkoh, and his sharesin the company arenow worth $997 million.
So, Oshima is now a billionaire, or nearly, but his strategy for the company is still the same: even now he specializes in smaller loans (a typical client borrows only $40,000), and he personally examines the referencesof every new client.
В возрасте 29 лет, оставить пост, зарабатывать много денег, основать компанию, вкладывать деньги, одалживать деньги фирмам, небольшие суммы денег, прибыль выросла на 25 %, специализироваться на небольших ссудах, изучать рекомендации, позволить себе основать компанию.
1. When did Kenshin Oshima join Mitsui and Co.?
a. At the age of 22.
b. At the age of 29.
c. In 1978.
2. Why did he resign from his job?
a. Because his salary was very high.
b. Because he wanted to work for another company.
c. Because he wanted to earn a lot of money.
3. Why didn’t he start his company before 1978?
a. Because he spent a lot of money.
b. Because he didn’t want to be rich.
c. Because he didn’t have enough money.
4. Where did he get the money to start his business?
a. He saved money from his salary.
b. He borrowed it from a bank.
c. A friend lent it to him.
5. What does his company do?
a. It owes money.
b. It lends money.
c. It borrows money.