3. Decide whether the following statements are true or false. Correct the false ones.

1. Modern stock exchanges are stock markets.

2. The trading floor of any stock market is very silent.

3. Bull markets are more challenging for traders than bear markets.

4. An investor usually uses the services of a specialist company or broker when he or she buys a share.

5. Shareholders are people who buy bonds at the stock exchange.

6. Shareholders always receive their share of company’s profit.

7. Share prices are stable when the economy shows stability and growth.

8. Various commodities and derivative products are traded at a commodity exchange.

4. Match the two parts of the sentences. Translate them.

1. Stock exchanges provide	a) pay them out to shareholders as dividends.
2. Supply and demand in stock markets	b) entitled to any profits a corporation makes.
3. Shareholders are	c) the facilities for the payment of income and dividends.
4.The corporation may retain earnings or	d) include spots, forwards, futures and options.
5.The contracts that are connected with commodity markets can	e) affect the price of stocks.

5. Find in the text the terms that match to the following meaning.

a) a person, partnership, organization, or business that has a legal and separately identifiable existence;

b) a person or organization whose job is to buy and sell shares, bonds, etc for investors and sometimes for themselves;

c) a financial instrument, such as a futures contract or option, the price of which is largely determined by the commodity, currency, share price, interest rate, etc., to which it is linked;

d) a financial market in which the prices are falling, especially over a long period of time;

e) a certificate of debt issued in order to raise funds. It carries a fixed rate of interest and is repayable with or without security at a specified future date;

f) certificates representing part ownership of a company.

g) something belonging to an individual or a business that has value or the power to earn money;

h) a temporary depression in economic activity or prosperity;

i) a figure showing the level of something, for example prices, in relation to earlier levels;

j) the price of goods, currencies, or securities that are offered for immediate delivery and payment.

Discussion

• If you had a lot of money to invest in stocks, what kind of stocks would you buy, and why?

• Would you like to be a bear or a bull and why?

• Can trading on a stock exchange bring a lot of money?

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Text B

Pre-reading task:

1. Match the following terms with their Ukrainian equivalents.

1) network 2) financial institutions 3) short-term capital 4) cash flows 5) t-bills 6) to repurchase 7) repaid, redeemed 8) nominal/ face /par value 9) certificates of deposit 10) interest-paying debt instruments 11) securities 12) commercial paper 13) maturity 14) unsecured

a) короткотерміновий капітал b) державні векселі/ кредитні облігації c) депозитні сертифікати d) термін погашення e) цінні папери f) викупити назад g) мережа h) незабезпечений i) виплачений j) грошові потоки k) боргові зобов’язання, що дають відсотки l) фінансові установи m) номінальна вартість n) комерційний вексель