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XI. Translate into English using Participle I, Participle II where it is necessary:

1. Po6oTa, any bih po3nonaB, flywe saMtnHBa. 2. CTVfleHTM npocnyxann KinbKa neKuih npo AepwaBHuii 6opr, hki nponnTaB BiflOMMM npocfjecop. 3. 51k 3Bytb AonoBiAaHa, sikmm p03nOBi-Aae 3apa3 npo 3a6oproBaHicTb? 4. ripeflCTaBHMKM iH03eMHHx cpipM CMflinM b KOHtbepeHu,-3ani i o6roBopioBarw nmaHmi pectinaHcyBaHHfl 06'eKTiB. 5. BaHKM Ta crpaxoBi KOMnaHii" cKy-noByaanw o6nirai4», BMnymeHi Ka3rianeMCTBOM Kpa'iHM. 6. PiweHHSt uj,oflo 30BHiujHboro 6opry, jwe 6yno yxBaneHe Ha KOHcpepeHyu, 3Minnno noAanbuuy nonrmKy Kpa'iHM.

XII. Communicative situations:

  1. You are a member of the government of a country N. Try to limit or reduce the national debt of the country. Speak about it.

  2. Discuss the government's attempts to curb the national debt.

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Lesson 29

FINANCIAL MARKETS

I. Read and memorize the following words, word-combinations and word-groups:

stock market — pkhok naniiaJiy; cbcmAOBa 6ipwa

bond market — pmhok o6nirau,ifi; pnno« A°BrocTpoKOBo-ro Kanirany

e.g. Three major financial markets are the stock market, the bond market and the futures market.

bond — o6nirau,iH, 6oprose 3o6oB'fl3aHHn

e.g. A certificate acknowledging a debt and the amount of interest to be paid each year until repayment.

futures market — cp'K>4epCHMH pmhok

e.g. The earliest futures markets were organized to facilitate trading of farm products like wheat and corn.

financial intermediary — dsiHaHcoBMM nocepeflHMK

e.g. Financial intermediary: Institution (e.g. bank, stock market) that makes savings available to dissavers (e.g. investors).

exchange — o6MiH; 6ip>na; iH03eMHa aantora

e.g. There are 115 exchanges operating in the 26 countries listed here: Australia, Brazil, Canada, France, India, Japan and many others.

corporation — Kopnopauja, aKujoHepHe TOBapHCTBO

e.g. Corporation is a business organization having a continuous existence independent of its members (owners) and power and liabilities distinct from those of its members.

corporate stock — aKujoHepHHM Kaniran

e.g. Corporate stock represents shares of ownership in a corporation.

shareholder — aKu,ioHep

e.g. Shareholders are part owners of the corporation.

dividend — A^BiAeHfl

e.g. Dividend is an amount of corporate profits paid out to each share of stock.

capital gain — npw6yroK BiA npnpocTy KaniTany

e.g. An increase in the market value of an asset is capital gain.

yield — npn6yTOK 3 ujhhmx nanepiB

e.g. Yield is the rate of return on a bond; the annual interest payment divided by the bond's price.

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to borrow promissory notes dividends corporation financial intermediaries demand and supply ownership shares keep control

II. Give English equivalents of the following:

no3MHaTM rpouji aKujOHepHMM Kaniran 6yTM noujMpeHMM

pnHOK aKU,ifi KOHTponiOBaTH KOMnaHIK)

cJjiHaHCOBMM nocepeflHMK 4>OHAOBa 6ipx<a AaB3TH no3MKy 6oproBe 3o6oB'fl3aHna cb'towepcHi pmhkm mopNHi BMnnatu BiflcoTKis

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