Тема 3.5. Futures and deliveries

Задание 1 Choose the correct variant for the following definition:

Contracts to buy or sell fixed quantities of a commodity, currency or financial assets at a future date at a price fixed at the time of making the contract

1. options;

2. futures;

3. swaps.

Задание 2 Choose the correct variant for the following definition:

Contracts giving the right but not the obligation, to buy or sell a security, a currency, or a commodity at a fixed price during a certain period of time.

1. options;

2. futures;

3. swaps.

Задание 3 Choose the correct variant for the following definition:

Making contracts to buy or sell a commodity or financial asset at a pre-arranged price in the future as a protection or insurance against price changes.

1. options;

2. futures;

3. hedging.

Задание 4 Choose the correct variant for the following definition:

Buying securities or other assets in the hope of making a capital gain by selling them at a higher price (or selling them in the hope of buying them back at a lower price.

1. options;

2. speculation;

3. hedging.

Задание 5 Choose the correct variant for the following definition:

A general name for all financial instruments whose price depends on the movement of another price.

1. options;

2. futures;

3. derivatives.

Задание 6 Choose the correct opposite for the following:

discount.

1. premium;

2. speculation;

3. market price.

Задание 7 Choose the correct opposite for the following:

hedging.

1. premium;

2. speculation;

3. market price.

Задание 8 Choose the correct opposite for the following:

strike price.

1. premium;

2. speculation;

3. market price.

Задание 9 Choose the correct opposite for the following:

put.

1. call;

2. appreciate;

3. fixed.

Задание 10 Choose the correct opposite for the following:

floating.

1. drought;

2. premium;

3. fixed.

Тема 3.6. Market structure and competition

Задание 1 Choose the correct variant for the following definition:

The firm with the largest market share

1. market leader;

2. market challenger;

3. market follower.

Задание 2 Choose the correct variant for the following definition:

The firm with the second-largest market share

1. market leader;

2. market challenger;

3. market follower.

Задание 3 Choose the correct variant for the following definition:

The firm, which present no threat to the firm with the largest market share

1. market leader;

2. market challenger;

3. market follower.

Задание 4 Choose the correct variant for the following definition:

This is the situation where there is only one buyer

1. monopoly;

2. monopsony;

3. oligopoly.

Задание 5 Choose the correct variant for the following definition:

This is a market in a particular product in which a single producer can fix an artificial price

1. monopoly;

2. monopsony;

3. oligopoly.

Задание 6 Choose the correct variant for the following definition:

This is a concentrated market dominated by a few large companies.

1. monopoly;

2. monopsony;

3. oligopoly.

Задание 7 Choose the correct variant for the following definition:

This exists when many producers of slightly differentiated products are able to sell them at well above their marginal cost

1. perfect competition;

2. monopolistic competition;

3. natural monopoly.

Задание 8 Choose the correct variant for the following definition:

This is an industry in which the efficient existence of more than one producer is impossible; examples include public utilities such as water, gas and electricity, where it would be ineffecient to have several competing companies laying their own networks of pipes or cables

1. perfect competition;

2. monopolistic competition;

3. natural monopoly.

Задание 9 Choose the correct variant for the following definition:

This exists when products are homogeneous, and there are a great many firms too small to have any influence on the market price, and firms can easily enter and exit the industry

1. perfect competition;

2. monopolistic competition;

3. natural monopoly.

Задание 10 Choose the correct variant for the following definition:

This is one in which a market leader can indicate its preferred price to smaller competitors

1. oligopoly;

2. dominant-firm oligopoly;

3. natural monopoly.