- •Рецензенты:
- •Unit 1. Accounting and financial statements
- •1. Match the terms with the definitions.
- •2. T 1 Listen to Sarah Brandston, an accountant in New York, talking about bookkeeping and tax accounting. Then answer the following questions.
- •4. Insert the words in the box in 3 in the gaps in the text. Accounting and financial statements
- •Vocabulary
- •5. Complete the following sentences.
- •6. Answer the following questions.
- •1. Match these terms with the definitions below.
- •2. Discuss the questions.
- •Types of Bank
- •8. Speak on accounting and financial statements. Unit 2. Banking
- •Vocabulary
- •3. Find the words or expressions in the text which mean the following.
- •4. Match the verbs and nouns below to make common collocations from the text.
- •6. Speak on types of bank. Unit 3. Stocks and shares
- •1. Discussion.
- •2. Read the following text and answer the questions.
- •Companies
- •Vocabulary
- •3. Write questions that could produce the following answers.
- •4. Find the words in the text which mean the following.
- •6. Match the following words and definitions.
- •7. There is a logical connection among three of the four words in each of the following groups. Which is the odd one out, and why?
- •8. Speak on companies. Unit 4. Bonds
- •1. In Tom Wolfe's novel, The Bonfire of the Vanities, Sherman McCoy is a bond dealer in New York. One weekend his six-year-old daughter comes up with a question.
- •2. Can you explain what bonds are - to an adult rather than a six-year-old? If not, listen to Richard Mahoney, a Vice-President with j.P. Morgan and Co. In New York.
- •3. Match the words and phrases.
- •4. Discuss the following questions.
- •5. Read the text below and answer the following questions.
- •Vocabulary
- •6. In each case, which of the three statements is true?
- •7. Match the expressions with the definitions.
- •8. T 3 Listen to Richard Mahoney again, defining three different types of bonds. After listening to the definitions, try to work out:
- •9. Speak on bonds. Unit 5. Futures and derivatives
- •1. Match the words with the definitions.
- •2. Select ten or eleven of the following words that you would expect to find in a text about futures and options.
- •3. Read the text, and see if you find the words you selected. Futures, options and swaps
- •Vocabulary
- •4. Complete the following sentences.
- •5. Find words in the text that are in an obvious sense the opposite of the terms below.
- •7. T 5 Read the following extract from the talk while listening to the second part, and then match up the expressions in italics with the definitions or synonyms below.
- •8. T 6 Listen to the third part of the talk and answer these questions.
- •9. Discuss the questions.
- •Unit 6. Market structure and competition
- •Market leaders, challengers and followers
- •Vocabulary
- •3. Find words in the text which mean the following.
- •4. Match up these words with the definitions below.
- •5. Classify the following markets according to whether you think they are example of the following.
- •6. Speak on market leaders, challengers and followers. Unit 7. Takeovers, mergers and buyouts
- •1. Match up these words with the definitions below.
- •2. You will hear Max Pocock, a director of the international corporation Leica, talking about how it was formed.
- •3. T 8 Listen to the second part of the interview and answer the following questions.
- •4. Read the following text and underline the arguments in favour of leveraged buyouts. Leveraged buyouts
- •Vocabulary
- •7. Speak on leveraged buyouts. Contents
- •Коваль Оксана Ивановна
6. In each case, which of the three statements is true?
1. Banks' loan portfolios are now generally less secure than 20 years ago
A because bankers are becoming irresponsible.
В because blue chip companies are becoming irresponsible.
С because blue chip companies issue their own bonds, and banks that receive deposits still have to lend money.
2. Bondholders can
A only get their money back when the bond matures.
В get their money back at any time.
С try to get their money back at any time.
3. If interest rates
A rise above a bond's coupon, the bond will probably sell at above par.
В fall below a bond's coupon, the bond will probably sell at above par.
С rise above a bond's coupon, its yield will normally decrease.
4. The fiscal system in most countries makes it advantageous for companies
A to issue bonds rather than borrow from a bank.
В to issue stocks or shares rather than bonds as long as they don't make a loss.
С to issue bonds rather than stocks or shares as long as they make a profit.
5. A Governments systematically issue bonds to finance public spending.
В Governments issue bonds to finance public spending when necessary.
С Governments or central banks regularly issue bonds to increase the money supply.
7. Match the expressions with the definitions.
1 equity financing |
A a security whose owner is not registered with the issuer |
2 debt financing |
В easily sold (turned into cash) |
3 bearer certificate |
С the rate of interest paid by a fixed interest security |
4 liquid |
D the rate of income an investor receives taking into account a security's current price |
5 par |
E issuing bonds |
6 coupon |
F issuing shares |
7 yield |
G nominal or face value (100%) |