- •Unit 1 Central Banking System
- •5. Read the text and translate it into Russian.
- •Unit 2 Commercial Banks
- •Words and expressions
- •Instalment (n) - очередной взнос
- •5. Read the text and translate it into Russian.
- •Unit 3 Money Supply
- •Words and expressions
- •Velocity (n) - скорость, быстрота
- •Exercises
- •Unit 4 Business Organisations
- •If two or more individuals wish to go into business together they can form a partnership.
- •Exercises
- •3. Complete the text using the words:
- •7. Summarize the information of the unit and speak on the topic: Business Organizations
- •Unit 5 Taxation
- •Words and expressions
- •Exercises
- •6. Summarize the information of the unit and speak on the topic: Taxation
- •Unit 6 The Stock Exchange, Shares
- •Exercises
- •2. Cumulative Preference Shares - (b) These are the most common shares. The
- •4. Read the information and complete the text using the words:
- •7. Summarize the information of the unit and speak on the topic: The Stock Exchange, Shares
- •Unit 7 The Stock Exchange, Bonds
- •Words and expressions
- •Index-linked gilts - ценные бумаги, учитывающие уровень инфляции
- •Exercises
- •6. Summarize the information of the unit and speak on the topic: The Stock Exchange, Bonds
- •Unit 8 The Foreign Exchange Market
- •Exercises
- •7. Summarize the information of the unit and speak on the topic: The Foreign Exchange Market
- •Words and Expressions
Exercises
1. Answer the questions.
1) What is the stock exchange?
2) How is capital raised by companies and the government?
3) Why are stock exchanges important?
4) What does successful work of stock exchanges require?
5) Can investors themselves buy shares?
6) How do smaller and newer companies trade?
7) What do successful companies do to be quoted on the Stock Exchange?
8) What rights do shares entitle their owners?
9) What does the market price of a share reflect?
10) How long is the accounting period at the London Stock Exchange?
11) What does this allow speculators?
2. Translate into English.
1) Мы хотим изучить годовой отчет компании, прежде чем покупать акции.
2) Где расположена лондонская фондовая биржа?
3) Давайте свяжемся с брокером и выясним, как выгодно продать акции на внебиржевом рынке.
4) Стоимость этих ценных бумаг намного выше номинальной, это значит, что дела кампании идут хорошо.
5) Индексы акций опубликован в сегодняшней газете.
6) Он собирается купить акции, надеясь перепродать их по более высокой цене и получить прибыль.
3. Match these types of shares to their definitions.
There are a number of different types of shares:
(обычные акции без фиксированного must be paid before the ordinary dividend,
дивиденда) which guarantees a return on investment as
long as the company is making a profit.
However, if the company doesn’t make a
profit, the preference shareholder won’t be
entitled to vote in company matters.
2. Cumulative Preference Shares - (b) These are the most common shares. The
(накопительные привилегированные ordinary shareholders bear the largest part of
акции) the risk, but the returns can be much higher
than with other forms of investment. Ordinary
shareholders are entitled to one vote per
share, which gives them more say in
the running of the company;
but the amount of dividend they receive
depending on how much profit has been
made.
3. Preference Shares - (c) This is another type of preference share which
(привилегированные акции) pays a fixed rate of interest until a certain
time. After this time it is converted into an
ordinary share on which the holder receives a
dividend rather than interest.
4. Convertible Preference Shares - (d) This is a special class of preference share
(конвертируемые привилегированные which offers a safer return of investment.
акции) This is because if the company cannot
pay the dividend one year, the outstanding
amount is carried over to the following years.
That means that rather than losing his
dividend in a year where the company runs
at a loss, the shareholder can expect to
receive it one or more years later along with
the dividend from the following year.