In a state of balance, not developing. Right or permission given by authority to do smth, страница 9

4)  Центральный банк может играть роль так называемого последнего кредитора в критической ситуации. В этом случае центральный банк ссужает деньги предприятиям, которые находятся в крайне затруднительном положении, чтобы те, в свою очередь, смогли осуществить платежи.

5)  Процентная ставка – это стоимость займа денег в долг, то есть процент от ссуды, выплачиваемый заемщиком кредитору за использование денег кредитора.

6)  Размер суммы, которую выплачивает заемщик, зависит от его кредитоспособности или кредитной репутации.

7)  Валютные рынки состоят из корпораций, финансовых учреждений и инвесторов, которым требуется занять либо инвестировать краткосрочный капитал(сроком до 1 года).

TEST 9

STOCKS and SHARES

1.  Match up the terms with their definitions below:

2)  Bankrupt

3)  Flotation

4)  Investors

5)  Liquidation

6)  Preference shares

7)  To underwrite

8)  To capitalize

9)  Primary market

a)  Buyers of stocks

b)  The first sale of a company’s stocks to the public

c)  To guarantee to buy newly issued shares  if no one else does

d)  Shares that pay a guaranteed dividend

e)  Insolvent, unable to pay debts

f)  The sale of the assets of a failed company

g)  The market on which new shares are sold

h)  To turn profits into stocks or shares

2.  Mach the words on the right with the appropriate words on the left to make up word combinations:

1)  Offer                                                                      a) an issue

2)  Produce                                                                  b) shares

3)  Underwrite                                                             c) a prospectus

4)  Due                                                                        d) dividend

5)  Fixed                                                                      e) diligence

6)  Pay                                                                         f) a profit

7)  Own                                                                        g) tax

8)  Make                                                                      h) securities

3.  Replace the following terms with the synonyms:

Stock market  Stockholder    Listed company   Insider share-dealing  Ordinary shares     Own shares   Convertible shares

Convertibles         own securities      shareholder    quoted company    common shares           insider stock trading     stock exchange

4.  Complete each sentence by deciding which answer (a, b, or c)best fits each gap.

1.  A stock whose price has suddenly fallen a lot after a company had bad news could be a …….. , as it will probably rise again.

a.  Valuable stock                   b.  appreciating stock            c. value stock

2.  The stocks of food, tobacco and oil companies are usually …….. , as demand doesn’t rise or fall very much in periods of economic expansion or contraction.

a.  Safety stocks                       b. protective stocks      c. defensive stocks

3.  Pension funds and insurance companies, which can’t take risks, usually only invest in…….. .

a.  Red chips                            b. black counters                     c. blue chips

4.  The best way to make a profit in the long term is to invest in ……. .

a.  Growing stocks                 b. increasing stocks                 c. growth stocks

5.  This stock used to be considered …….. , but two years ago the company started to cut its dividend and reinvest its cash in the business.

a.  An income stock              b. a revenue stock                  c. an earning stock

6.  The financial director announced a forthcoming …….. of new shares to existing shareholders.

a.  Privileges issue                 b. duties issue                         c. rights issue