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6. Inthe text “stock markets” 1) State the functions of non-finite forms of the verb. 2)State the tense forms of the predicates.

7. Read the text “STOCK MARKETS” and translate it into Russian.

Turn from Direct into Reported Speech.

    1. “Could you show me where the manager’s office is?” he asked the secretary.

    2. “You will be paid twice a month,” her boss said.

    3. “The new guests will arrive tomorrow,” explained the manager.

    4. The shop assistant said, “I am helping Mrs Boyle with her shopping.”

    5. Mrs Boyle asked them, “Will you be open tomorrow?”

Vocabulary and Comprehension Exercises

8. Give Russian equivalents.

To make buying and selling of securities easier; worldwide; stock exchange activity; as a result of legal reforms; over the recent years; a private person; insurance company; investment fund; to make profit; are going to rise (fall).

9. Give English equivalents.

Акция, облигация, биржа, электронная торговля, биржевой брокер, торговать по телефону и при помощи компьютера, сделка.

10. Choose synonyms (antonyms) from the following list.

To make, difficult, to fall, to deal in, private, to buy, to create, large, to begin, public, act, to rise, easy, new, wide, to trade, big, execute, individual, old, to produce, to sell, narrow, small, to finish, function.

11. Insert prepositions.

A. 1. … every country there are several large exchanges .

2. The London Stock Exchange has been dealing … different securities … over 200 years.

3. Now stockbrokers deal … securities … telephones and computers.

4. Computers link brokers more closely … the other major financial centres.

5. Every transaction … the stock exchange begins when a client wants to buy securities.

6. Securities are bought and sold … stockbrokers.

7. The new building … London Stock Exchange was completed … 1972.

B. Stock market is known … the cradle of capitalism. It is a place where companies come to raise their share capital and investors go to invest their surplus funds. Stock market essentially discharges the functions … "the invisible hand" that channels investment … the most productive ventures so … to optimize the overall productivity … the economy.

Stock Market is a place where financial instruments … shares, debentures, commercial papers, bonds etc. are bought and sold., Stock markets are popularly known … stock exchanges., There are many popular stock markets … the world. NASDQ, Tokyo Stock Exchange, London Stock Exchange are the most popular … the lot.,

Most important function … the stock market is to facilitate trading of financial instruments., Brokers submit a quote … the stock market … behalf of their clients.,

All the participants … the stock market have the same objective i.e. to make a profit.

Keys: B. as, of, into, as, of, like, as, in, of, of, at, on, in.

12. Fill in the blanks with the Vocabulary on the text.

1. The main function of a … … is to provide market where investors can buy and sell …, … and other securities.

2. … markets issue securities and … … sell and buy securities.

3. Besides famous centres of stock exchange activity there are regional … …, … market, and special market for options.

4. Stock exchanges … different securities.

5. As most transactions are made by computers it is called … .

6. A private person, a bank, … company, … fund may be clients of a stock exchange.

7. Buyers are divided into … and … .

8. … make profit when prices are going to fall.