- •English for the master’s programm
- •In finance Содержание
- •Unit 1 money and its functions
- •Match each of the word on the left with the correct
- •3. Which of the following are true or false?
- •4. Match the terms with their Russian equivalents:
- •5. Match the two parts of the sentences:
- •6. Translate the sentences into English:
- •7. Translate the text in writing: Careers in Finance
- •The function of financial markets
- •1. Answer the questions:
- •2. Match each of the words on the left with the correct explanation on the right:
- •3. Complete the text by inserting the following words in the gaps:
- •4. Translate the sentences into English:
- •Primary and Secondary Markets
- •Unit 3 regulation of the financial system
- •Internationalization of financial markets
- •Answer the questions:
- •Match each of the words on the left with the correct explanation on the right:
- •Speak on:
- •4. Make written translation of the text into Russian:
- •5. Translate the text into English:
- •How bonds and common stocks are valued
- •Match each of the words on the left with the correct explanation on the right:
- •3. Translate the text into English:
- •Voting rights of shareholders
- •Preferred Stock
- •Common stock
- •Answer the questions:
- •Complete sentences by inserting the following words in the gaps:
- •Complete the text by inserting the following words in the gaps:
- •Speak on:
- •5. Make written translation of the text into Russian:
- •6. Translate the text into English:
- •Forward exchange contract
- •Fixed and option contracts
- •Answer the questions:
- •2. Match each of the words on the left with the correct explanation on the right:
- •3. Complete the text using these words:
- •4. Speak on:
- •5. Make written translation of the text into Russian:
- •6. Translate the text into English:
- •Unit 7 banking
- •Match the words with the definitions:
- •2. Complete the sentences using the words from the box:
- •3. Which of the following sentences are true or false?
- •4. Match the terms with their Russian equivalents:
- •5. Match the two parts of the sentences:
- •6. Make written translation of the text into Russian:
- •Islamic Banking
- •Unit 8 commercial and central banks
- •1. Answer the following questions:
- •2. Match the terms with their Russian equivalents:
- •3. Fill in the gaps with the correct variants:
- •4. Complete the sentences by inserting the following words in the
- •5. Make the written translation of the text into Russian: micro credit
- •Insurance companies
- •Life Insurance Companies
- •Property and Casualty Insurance Companies
- •Answer the questions:
- •Match each of the words on the left with the correct explanation on the right:
- •Translate the sentences into English:
- •Unit 10 pension funds
- •Annuities
- •Answer the questions:
- •Complete the text by inserting the following words in the gaps:
- •3. Speak on:
- •4. Translate the text into English:
- •Unit 11
- •Investment Funds
- •Answer the questions:
- •2. Match each of the words on the left with the correct explanation on the right:
- •4. Make the written translation of the text into Russian:
- •5. Translate the text into English:
- •Unit 12 taxation
- •Match each of the words with the correct explanation on the right:
- •2. Complete the sentences by inserting the words in the gaps:
- •3. Which of the following sentences are true or false?
- •4. Match the terms with their Russian equivalents:
- •5. Translate the sentences into English:
- •6. Render the text: концепция платежеспособности
- •Unit 14 classification of taxes
- •1. Answer the following questions:
- •2. Match the terms with their Russian equivalents,
- •3. Fill in the gaps with the correct variants.
- •4. Complete the sentences by inserting the following words in the
- •5. Translate the sentences into Russian:
- •6. Render the text переложение налогового бремени
Answer the questions:
1. What are the differences between a unit trust and an investment trust? Which is more profitable?
What kind of restrictions are imposed upon unit trusts?
List the managers’ responsibilities both in unit and investment trusts.
How does the open-ended fund compensate its unitholders in case they wish to dispose of their units?
What are the advantages of mutual funds over individual investments?
What is meant by asset portfolio?
2. Match each of the words on the left with the correct explanation on the right:
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3. Complete the text by inserting the following words in the gaps:
block of units, government investments, management fee, share capital, subscribers, trustees, unit holders, units
A unit trust collects together the savings of a large number of ......(1) and invests these funds in stocks and shares on behalf of them jointly. Each subscriber’s capital is spread over a wide range of industrial and/or ......(2) in a way that would be impossible if he or she were directly to invest any modest funds.
The investor is allocated ......(3) according to the amount of the subscription, and the daily valuation of units is calculated and published on the basis of the total worth of the trust funds divided by the number of units issued. Investors may subscribe to the fund for ......(4) or, in many cases, agree to subscribe a regular sum each month. The income of the unit trust is distributed to the ......(5) in either of two ways - either by half-yearly payments to their bank accounts (income units) or by increasing the holders’ unit holdings (accumulation units). If the unit holder wants a regular income he will obviously choose a unit trust fund that provides for the former, whilst someone who is looking for capital growth will choose a unit trust which distributes the income as additional units.
A unit trust is not a company and has no ......(6) of its own. The managers, however, are separate companies who charge a ......(7) for the day-to-day running of the trust with an obligation to invest the unit holders’ funds as wisely as possible in order to produce a good return and capital growth. The .......(8) are in the main banks and insurance companies. Some of the large retail banks now run their own unit trusts through subsidiary or associated companies and derive an income from the management charges.