Financial markets

SUPPLEMENTARY READING

SPEECH PRACTICE

Employ give have know read mention work

Dear Sir,

I was not at all surprised … in the paper that there are now more unemployed young people than ever before. If I were a boss, I’d be very reluctant … anyone under twenty-five. What can school-leavers offer an employer? They’re too young … any experience, and, I’m sorry …, most of them are too lazy … hard! They are quite happy … that the country looks after them, but the country is foolish enough … them money for doing nothing!

Yours faithfully,

A.J. Williams.

Assignment 19. Translate the sentences into Ukrainian. State the functions of the Infinitive.

1. To operate a business is a difficult task. 2. The secretary was to meet our foreign partner. 3. The partners agreed to sign the contract. 4. Our company was the first to introduce this product in the market. 5. They bought goods in large quantities in order to get them cheaper. 6. The partners want to accept our offer. 7. To sell these goods in the market we must improve their quality. 8. This is the problem to be discussed at the meeting. 9. It is difficult to promote the products. 10. To get a discount we bought the goods for cash. 11. To be ahead of your competitors you must do marketing research. 12. To meet our customers’ requirements is our goal. 13. We are glad to have met their requirements. 14. The negotiations to be held are very important.

Assignment 20. Translate into English using the Infinitive.

1. Вони першими запровадили ці товари. 2. Щоб задовольнити потреби покупців, ми повинні покращити якість товарів. 3. Питання, що буде обговорюватись на конференції, дуже важливе для нашого підприємства. 4. Ми раді, що отримали вашу пропозицію. 5. Підвищити конкурентоспроможність наших товарів – завдання нашого підприємства. 6. Нам незручно, що ми відмовилися від замовлення. 7. Ми приїхали до Києва, щоб узяти участь у конференції. 8. Я радий, що мене запросили на презентацію. 9. Вони домовились укласти угоду. 10. Наша мета – розробляти нову продукцію.

1. Identify and describe the two major types of markets. Give examples of each.

2. Comment on the following: “May both seller and buyer see the benefit”.

3. Identify and describe the largest market in the town you live.

4. In the area where you live, is there a group of people with unsatisfied product needs who represent a market? If yes, say why.

In economics, a financial market is a mechanism which allows people to trade money for securities or commodities such as gold or other precious metals. In general, any commodity market might be considered to be a financial market, if the usual purpose of traders is not the immediate consumption of the commodity, but rather as a means of delaying or accelerating consumption over time.

Financial markets are affected by forces of supply and demand, and allocate resources over time through a price mechanism such as the interest rate.

Both general markets, where many commodities are traded and specialized markets, where only one commodity is traded, exist. Markets work by placing many interested sellers in one ‘place’, thus making them easier to find for prospective buyers. An economy which relies primarily on interactions between buyers and sellers to allocate resources is known as a market economy in contrast either to a command economy or to a non-market economy. In Finance, financial markets facilitate:

· The raising of capital (in the capital markets);

· The transfer of risk (in the derivatives markets);

· International trade (in the currency markets).

They are used to match those who want capital to those who have it.

Typically a borrower issues a receipt to the lender promising to pay back the capital. These receipts are securities which may be freely bought or sold. In return for lending money to the borrower, the lender will expect some compensation in the form of interest or dividends.

The term Financial markets can be a cause of much confusion. Financial markets could mean:

1. Organizations that facilitate the trade in financial products, i.e. stock exchanges facilitate the trade in stocks, bonds and warrants.

2. The coming together of buyers and sellers to trade financial products, i.e. stocks and shares are traded between buyers and sellers in a number of ways including: the use of stock exchanges directly between buyers and sellers etc.

In academia, students of finance will use both meanings, but students of economics will only use the second meaning.

Financial markets can be domestic or they can be international.

Дата добавления: 2014-11-29