Task 4. Read the text and choose one letter for each gap.

TEST 4

STOCK EXCHANGE

Task 1. Find the odd word out in each of these groups of business words.

1. a)money b)cash c)currency d)deposit

2. a) bond b)paper c)security d)guarantee

3.a) buy b) be paid c) make d) earn

4. a)value b)coin c)price d) cost

5. a)share b)stake c)part d)course

6. a) debt b) bill c)check d) list

7. a)stability b)steadiness c)instability d)constancy

8. a)budget b)financial plan c)services d) resources

9. a)bonus b)premium c)plus d) extra

10. a)owner b)depositor c) investor d) shareholder

Task 2. Fill in the appropriate words.

banks beads buy coins change

currency depositing earn exchange rate

goods investments money paper notes

savings accounts sell shell value

Money is what people use to 1… things. People spend money on 2and services. Many people save part of their money by 3… it in a bank. People 4… money by performing services. They also earn money from 5… , including government bonds, and from 6… .

7… can be anything that people agree to accept in exchange for the things they 8… or the work they do. Ancient peoples used such varied things as 9… , 10… , and cattle as money. Today, most nations use metal coins and 11… . Different countries’ 12… and bills look different and have different names.

|A person can 13… his money for the money of any country according to the 14… . Usually, such rates are set by the central 15… of a country. The 16… of a country’s 17… may change, depending on the economic and political conditions in that country.

Task 3. Read the text and mark one of the letters.

When a company needs to raise money in order to grow, it can choose between different options. It can issue shares which can be bought by the general public. These shares are known as ordinary shares. When you buy shares in a company, you become a shareholder and own a part of that company. As a part owner of a company, you can therefore make or lose money depending on the company’s profits. If the company does not make profits, it pays money per share, known as a dividend, to its shareholders usually twice a year. Companies can also borrow money from a bank or from the general public by issuing bonds which are loans with a fixed amount of interests to be paid each year.

1. Shares bought by the general public are known as ordinary shares.

A. Right B. Wrong C. Doesn’t say

2. When you buy shares in a company, you become an owner of the whole company.

A. Right B. Wrong C. Doesn’t say

3. Dividend is paid twice a year.

A. Right B. Wrong C. Doesn’t say

4. Companies can also borrow money from a shareholder.

A. Right B. Wrong C. Doesn’t say

5. Banks are always shareholders of big companies.

A. Right B. Wrong C. Doesn’t say

Task 4. Read the text and choose one letter for each gap.

People accept money 1…exchange for goods and services. But the role of money depends 2…the state of development of an economy. Money has become an essential element of economies based 3…the division of labor, in which individuals have specialized in certain activities and enterprises have focused on manufacturing specific goods and rendering specific services. 4…order to make transactions as simple and efficient as possible; the introduction of a generally accepted medium of exchange suggested itself.

Money performs the function of a medium of exchange or means of payment with goods being exchanged 5…money and money for goods. At the time it also acts as a unit of account.

Money is a store of value, 6…part of an individual’s income may be set aside for future consumption.

These three functions of money – medium of exchange, unit of account and store of value – can be fulfilled if there is great confidence 7…its stability of value.

1. A. for B. in C. on

2.A. on B. about C. after

3. A. on B. in C. about

4. A. through B. for C. in

5.A. for B. up C. on

6 A. when B. then C. as

7. A. of B. in C. for

Date: 2016-01-14; view: 1738