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электронная версия метод по финансам ур 12-21.doc
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9. Complete the sentences with the following words: currency, monies, rate of exchange (2), interbank market, the spot market (2), the forward or future markets, options, swap.

  1. …..is an exchange of one investment for another.

  2. …. is a legal tender only within its national boundaries.

  3. …. is the terms on which one currency will exchange against another.

  4. …. is the amount of currency that can be bought with another.

  5. …. is the right to buy or to sell securities at an agreed price on a future date.

  6. … is the purchase and sale of commodity for immediate delivery.

  7. …. deals in actuals, with the actual physical product, for immediate delivery.

  8. … is the purchase and sale of commodity for delivery sometime in the future.

  9. To trade beyond these boundaries involves exchange of….

  10. The great majority of foreign exchange trading takes place in the …

10. Write down the Ukrainian equivalents:

currency, monies, rate of exchange, interbank market, the spot market, the forward or future markets, options, swap, Foreign Exchange Market.

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

12. Find in the text sentences expressing such ideas.

  1. Market dealing is conducted entirely through telephone and different systems of communications. It does not have one centralized location.

  2. Bid-ask is an offer to buy something at a stated price.

  3. Market depends on payment system of individual countries.

  4. Currency is the main unit of currency in trade between countries.

  5. Foreign Exchange Market performs a number of functions.

  6. The interbank market plays an important role in the exchange market.

  7. The market is divided in three major sectors.

  8. Spot market means immediate delivery.

  9. Swaps, futures and options are for customers who do not know when they will need foreign currency.

  10. Currency arbitrage is a transacting with the aim of receiving profit.

  11. The stability and integrity of the global foreign exchange market depends on both the soundness of the individual counterparties and the robustness of national payment systems.

13. 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. Exchange of currencies is possible in any way.

  2. Swap is the amount of currency that can be bought with another.

  3. The spot market deals in actuals, with the actual physical product, for immediate delivery.

  4. Option is the right to buy or to sell securities at an agreed price on a future date.

  5. Swap is an exchange of one investment for another.

  6. The Market performs two major functions: it facilitates the foreign exchange needs of exporters and importers, and it enables individuals, corporations and governments to obtain a desired currency mix of their portfolios.

  7. The basic idea of foreign exchange dealing is making profit on selling and buying currencies.

  8. FOREX is really an integral, fundamental sector of the global financial market.

  9. FOREX reflects economic relations between parties to currency deals.

  10. The market is global in character. It is rather a network of dealing rooms connected by sophisticated communications systems, like telephones, telex machines, and electronic dealing systems.