Intermediate control tasks for the im-82i group students

Financial decisions of _household_

№	Description of the decision	Type of the decision
1.	A head of the family decided to save 30% of the family income to purchase a car in the near future.	Decisions on the consumption and saving of funds.
2.	A father gave the apartment located in the city center for renting to students.	Decisions on renting
3.	My mother invested her money to the new business.	Investment decisions
4.	My sister bought new phone for her own use.	Financial decisions
5.	My father took credit from bank for reconstruction of our house.	Borrowing decision
6.	In order to provide some risks, a father insured his property from natural disasters.	Decisions on insurance

Task 4. You have studied functions of financial system. Imagine one practical example to each function of financial system, and fill in Table 3.

Table 3
HOUSEHOLD

№	Name of the function	Practical situation
1.	The movement of resources in time and space using the financial system	I got mortgage loan from bank for 10 years. My sister bought a phone case form Alibaba online store.
2.	Risk management through the financial system	My father rented his car, but borrower does not want to pay the rent.
3.	Settlements and payments through the financial system	When I traveled to Europe, even if I had voucher for hotel and food, I converted my money to euro so that I can pay for things I want to buy.
4.	The pooling of resources and the separation of equity units through the financial system	My father bought bonds of a large enterprise.
5.	Information support from the financial system	I watched the daily stock news in order to know which enterprise I can invest to.
6.	Solving the psychological problems of stimulation using the financial system	I want to create a new enterprise and I need start-up capital; I ask help from my relatives or my friends because I know them and they know me. I believe they don’t tell my ideas to anybody and have faith in me even if have some problems at the beginning.

Task 5. Write a short essay of 5-7 sentences on the theme “Why do we need financial innovations?” Describe one example of financial innovations that you think to be the best one.
Financial innovations are identified with innovations (new products, materials, processes, methods, etc.), and as a process, they are considered as changes aimed at developing, mastering, disseminating and using innovations. Innovations are interpreted as the result of an innovation process that develops over time and has clearly defined stages. Financial innovations help enterprises to make more profit and create sustainability in the marketplace.
These days there are so many financial innovations such as money transfers with cashback. There are numerous apps that give different kinds of opportunities to get cashbacks. That’s why people prefer to install those apps and use them instead of transferring their money just offline. Personally, I use app called “click”. This app is really handful and offers different kinds of cashbacks and I can easily collect money by transferring my money.


Task 6. You have studied themes “Financial market rates”, “Modern (practical) financial intermediaries”, and “Modern (practical) financial infrastructure and regulation of the financial system”. Choose one aspect or paragraph of one of three themes and write a short essay of 7-10 sentences on this aspect.