2.What money institutions can you mention?

This is for example banks, insurance companies, mutual funds (unit trusts in the UK) and pension funds who may, of course, be investing the money of private individuals indirectly.

The markets they invest in include the money and currency markets, stock markets for shares (also known as equities), commodities markets for anything from gold to pork bellies (used for making bacon), and property (buildings and land).

Let’s stop on several institutions.

The most famous money institution in every country is bank. Bank is a financial institution that acts as a payment agent for customers, and borrows and lends money. Banks borrow money by accepting funds deposited on current account, accepting term deposits and by issuing debt securities such as banknotes and bonds. Banks lend money by making advances to customers on current account, by making installment loans, and by investing in marketable debt securities and other forms of lending.

A mutual fund is a professionally-managed firm of collective investments that pools money from many investors and invests it in stocks, bonds, short-term money market instruments, or other securities. In a mutual fund, the fund manager, trades the fund's underlying securities, realizing capital gains or losses, and collects the dividend or interest income.

3. Describe different kinds of securities and different kinds of markets.

From the point of view of investors, the world's financial markets exist in order to channel money toprofitable investment activities and projects. From the point of view of borrowers such as companies andgovernments, financial centres exist so that they can find capital on the best terms.

Most investors are not private individuals but institutions like banks, insurance companies, mutual fundsand pension funds who may, of course, be investing the money of private individuals indirectly. Themarkets they invest in include the money and currency markets, stock markets for shares (also known as equities), commodities markets for anything from gold to pork bellies (used for making bacon), and property (buildings and land).

There are also markets for futures in currencies, equities, bonds and commodities: a future is a fixed-price contract to buy a certain amount of something for delivery at a fixed future date.

There are markets for options in currencies, equities, and bonds. Here, an investor buys the right tobuy or sell a certain amount of these things at a certain price and particular date in the future. This is aform of betting on how prices will move.

Some of these markets, like stock markets, are based in particular buildings, some with trading floors, but most trading is now screen and telephone based. Others, like bond and currency markets, are 'virtual', in the sense that selling and trading takes place by phone and computer between the premises of issuers, brokers and traders.

Securities constitute the objects which investments are made of. There are various kinds of securities.

They are traded in markets, each one with specific rules.

Stocks are the most popular security for investment. They actually represent ownership in a specific company. The most common way stocks appear in the market is by operations called initial public offerings (IPO). These happen when a company decides to issue stocks, but giving away part of it to the public, in return for money paid by the new shareholders. The public gains a part of the company, by the cost of paying money for it, while the company obtains a massive amount of money, by the cost of having to give away part of its ownership, as well as part of its profits in the form of dividends.

Outside IPO's, stock can be bought and sold in stock exchanges. These are places (physical or virtual) where stocks are assigned a selling price and a buying price. Anyone can buy or sell stocks with the help of brokers.

Companies often need money for various ends, such as improving itself, expanding, buying other

companies, and so on. There are many forms of doing this. One of it is using a bond. A bond is a contract between an issuing company and a buyer. In this contract, the buyer lends a certain amount of money to the company, for a certain number of years. In return, the company is obliged to pay interest to the buyer, periodically, at a specified rate.

Funds become an interesting investment tool for everyone who is not interested in wasting time with stock or bond picking, trading, and so on. Investment companies manage one or more funds, where money from many investors is managed by professionals. One investment fund usually holds a portfolio of securities. The decisions to buy or sell those securities are taken by the investment company behind the fund.

4. What can you say about the attitude to money in our culture? Has it changed in recent years?

Money can be a curse or a blessing in our lives. If we deal with it according to the world’s standards, it can be a curse. Money is the number one source of stress and the primary cause for divorce.

People's attitudes towards money vary enormously and are largely influenced by the values they were brought up with and how much money they have now.

Assuming there's enough money to keep a roof over your head and buy basic food stuffs, what you do with the rest of your money will depend on your particular attitude. The following three statements broadly sum up the most common attitudes to money in today's culture:

1. Money is for enjoying - money is for spending on the things that make you happy. No one knows what the future may hold or what can happen tomorrow, so you should enjoy what you have when you have it. Money's no use when you're dead, so live for today.

2. Money is for security - money should be spent on making life comfortable. Once you have the basic home comforts, it's important to have money put aside for a rainy day. No one knows what the future may hold, so it's sensible to be prepared.

3. Money is for sharing - money should be shared generously with those you love and those less

fortunate than yourself. Buying presents, entertaining others and giving money to charity creates feelings in yourself and others that are priceless. No one knows what the future may hold, and some day you may

need the favour returned.

So here are the main attitudes to money in our culture to my mind and I don’t think that my opinion differs from most people, so the attitude to money doesn’t change through years.