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13. Find in the text definitions of the following:

stock exchange, bull, bear

14. Read the sentences from the text, underline the verbs and state their tense form.

1. Stock markets have developed to make the buying and selling of securities easier.

2. The London Stock exchange has been dealing in different securities for over 200 years.

3. The exchange has changed radically over recent years.

4. Telephones and computers have linked London much more closely with the other major international financial centers.

15. Open the brackets using the verbs in Present Perfect or Present Perfect Continuous.

1. The London famous center of Stock exchange activity (to work) with various securities for 200 years.

2. Since 1986 the London Stock market largely (to change).

3. The stockbrokers (to sell) a dozen of securities since the beginning of the week.

4. Our business (to work) since 1999.

5. Modern means of communication (to expand) stock market business.

6. The Exchange (to make) a large profit over the recent years.

16. Translate the following sentences from Russian into English, using the verbs in the Present Indefinite, Present Continuous or Present Perfect Continuous.

1. Он пишет письмо. - Он пишет письмо с двух часов.

2. Они готовят ценные бумаги. - Они готовят ценные бумаги с утра.

3. Лена работает на фондовой бирже. - Лена работает на бирже с 2003 года.

4. Том копит деньги на компьютер. - Том копит деньги на компьютер с прошлого года.

5. Эта компания осуществляет все виды страхования. - Эта компания осуществляет все виды страхования с 1995 года.

6. Наша фирма конкурирует с Вашим предприятием. - Наша фирма конкурирует с Вашим предприятием с момента выпуска акций.

7. Биржевики продают акции предприятия. - Биржевики продают акции предприятия уже четыре часа.

8. Производство автомобилей растет. - Производство автомобилей выросло с прошлого года.

17. Open the brackets using the verbs in the Present Tenses.

1. The firm (to compete) for the securities with two foreign companies now. It (to compete) with them for two hours.

2. What they (to do) now? – They (to discuss) a deal. The chief stockbroker (to talk) for already half an hour.

3. Where these securities (to issue)? – They (to issue) in Wales. We (to buy) them for two years.

4. Where you (to live)? – I (to live) in Moscow. I (to live) there since 1990.

5. Our Stock exchange (to sell) bonds, shares and other securities. We (to sell) them to individuals, banks, insurance companies and investment funds.

6. What you (to do) here? – I (to wait) for a new client. I (to wait) for already an hour.

7. In spite of high prices government securities and bonds persistently (to buy).

8. This Stock Exchange (to be) rather large. I (not to visit) such a building before.

9. The company (to decrease) the price and people (to prefer) their shares now.

10.These two firms (to offer) similar services to their customers.

11. Market floor conditions usually (to influence) the number of participants.

12. In spite of a high rate of inflation the price of an issue (not to change).