X. Read Text b and choose the sentence which best expresses the main idea of the text:

1. In all large cities there are commodity and stock exchanges.

2. In the USA the best-known commodity exchanges are the Board of Trade in Chicago and the New York Produce Exchange and the New York Coffee and Sugar Exchange.

3. There are two types of exchanges: the commodity exchange for trading in such commodities as cotton, sugar, grain etc., and stock exchange where securities are bought and sold.

Text B. An Exchange

An exchange is a market, i.e. a permanent (постоянное) place in which persons meet with the aim of buying and selling. The trading there is governed by certain rules and is limited to members of the exchange, who are known as brokers. The two chief types of exchanges are the commodity exchange and the stock exchange.

Commodity exchanges have been established in important cities for trading in such commodities as cotton, sugar, grain, etc.

Among the more important commodity exchanges in Great Britan are the London Commodity Exchange (cocoa, coffee, hides and skins, rubber and sugar), the London Wool Exchange, the London Metal Exchange, the Liverpool Cotton Exchange and the Liverpool Corn Exchange. In the USA, the best-known are the Board of Trade in Chicago (corn), the New York Produce Exchange, the New York Coffee and Sugar Exchange.

Stock exchanges, on the other hand, are places where securities (ценные бумаги) are bought and sold. The most famous stock exchanges are the London Stock Exchange and New York Stock Exchange.

С. TEST

XI. Analyse the subordinate clauses in the following sentences and translate them:

(около каждого предложения укажите номер выбранного типа придаточного предложения)

1. Do it when I come.

2. Leave it where it is.

3. Whenever acts of sale and purchase took place people used money or its equivalent.

4. It is important that students of English should do some English – reading, listening or speaking – regularly, if you wish to make continued progress.

5. Money is not always in the form of cash so sales and purchases are often used on credit. Adverbial clauses 1) of time 2) of place 3) of condition 4) of result.

XII. Pay attention to the words underlined in the sentences. Choose their translation.

(около каждого предложения укажите номер выбранного перевода)

_ Money serves as a means of accumulation or a way of hoarding treasures.

_ What does it mean?

_ He is a mean man.

_ With money we can purchase consumer goods.

_ Your purchase is just in time.

_ What do we use to measure distance?

_ There must be another measure and other methods of measurement.

_ The value of a commodity in terms of money is called its price.

_ It has always been valued very much.

1. значить, означать 4. измерять, мерить 7. средство

2. низкий 5. мера 8. покупать

3. покупка 6. стоимость, цена 9. ценить

XIII. Choose the Russian words (the number) corresponding to the following English ones:

1. volume 1. свойство

2. treasure 2. происходить

3. property 3. каучук

4. value 4. обмен

5. stem 5. вес

6. weight 6. деньги

7. rubber 7. принимать

8. exchange 8. мера

9. cash 9. цена

10. accept 10. равнять, уравнивать

11. measure 11. превращать, конвертировать

12. price 12. объем

13. equate 13. стоимость, цена

14. convert 14. сокровища