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9. Write down the Ukrainian equivalents:

Stock market, stock exchange, equities, share, dealer, advanced countries, network, governing body, allow, retail client, conduct, preferred stocks, in contrast to, isolation, lead, force, facilities, expansion.

10. Find in the text sentences expressing such ideas.

  1. The supply, demand and turnover in transferable securities led to the creating of stock markets.

  2. At the beginning of the 20th century the stock exchanges became larger, more organized and increasingly sophisticated.

  3. Members of stock exchanges drew up rules to protect their own interests.

  4. We can say that 1980s were the years of growing internationalization of the world securities markets.

  5. Securities acknowledged as the cheap and convenient means of finance.

  6. There are two types of investors.

  7. There are two basic types of stock markets.

  8. There is a difference between organized exchanges and over-the-counter markets.

  9. Investors can get information with the help of computers and newspapers.

11. Checking facts and ideas using such expressions: Exactly; Right you are; I agree with you; That goes without saying; There’s no denying it; No doubt whatever; I can’t agree with you; I’m against it; You are mistaken; Hardly.

  1. Stock exchange is an organization whose members can buy and sell securities to the public.

  2. Preferred stocks are the ordinary shares of a company traded in stock markets.

  3. Equities are the stocks that give owners preference in the payment of dividends.

  4. Over-the-country market is a market in unlisted securities.

  5. The organized security exchanges are tangible physical entities.

  6. The over-the-counter market is an intangible organization.

  7. An investor who purchases new securities is participating in a secondary financial market.

  8. An investor who resells existing securities is participating in a primary financial market.

  9. Stock Markets are the means through which securities are bought and sold.

  10. At the beginning of the 20th century there was an increasing demand for the facilities provided by stock exchanges.

12. Find and read sentences explaining the title of the text.

13. Divide the text into logical group and give them titles.

14. Single out the main points of the text. Use the following opening phrases.

The text looks at (the problem of…)

The text deals with the issue of..

It is clear from the text that…

Among other things the text raises the issue of…

The problem of…is of great importance

One of the main points to be singled out is

Great importance is also attached to…

In this connection, I’d like to say…

It further says that…

I find the question of…very important because…

We shouldn’t forget that…

I think that…should be mentioned here as a very important…mechanism of… .

15. Read the text and be ready to explain how to invest money in right place.

CHOOSING THE RIGHT INVESTMENT

Broadly speaking, investing means committing capital with the expectation of making a profit. The first step in an investment program is for the investor to analyze his or her specific situation. The analysis will contain specifics in terms of income desired, cash requirements, level of risk, and so forth. Investment objectives change over the course of a person's life. A second step is to select general investment options that best fit the specific needs of the investor. For example, investors should decide how much, if any, of their assets should be committed to real estate, bonds, or stocks. The third step is to select specific investments within the general areas. For example, should the investor choose the common or preferred stock of Procter & Gamble? Would the investor's objectives be best served by a corporate-issued or government-issued bond? Generally, there are five criteria to use when selecting an investment option:

  1. Investment risk - the chance that an investment and all its accumulated yields will be worth less at some future time than when the investment is made.

  2. Yield - the increase in the value of an investment over time, usually a year.

  3. Duration - the length of time assets are committed.

  4. Liquidity - how quickly one can get back invested funds when desired.

  5. Tax consequences - how the investment will affect the investor's tax situation.