EXERCISES

Date: 2015-10-07; view: 515.

Answer the following questions:

1. What is a primary market?

2. What is a secondary market?

3. How are they interconnected?

4. What is a third market?

5. What is a fourth market?

II. Insert the right word or word-combination choosing from those given below.

exchange controls futures

weakness broker

exchanged samples

information fixed

products brokerage

1. We___ our dollars for Hryvnias.

2. The deal was transacted through a money_____ who was paid commission.

3. London FOX is a____ market for coffee, cocoa and other food.

4. The United Kingdom removed all________ in 1979.

5. They ran out of oil and had to buy on the_____ market.

6. The___ on this deal is 3%.

7 The sales conference is a good place to exchange_____ .

8. The fabric___ were of good quality and we decided to order.

9. Despite the____ of sterling, money market rates remained_____ at just over 11%.

VI. Foreign Exchange Terms. Look at the words in the box and write them under their definitions.

1. The acceptable form of currency in a country.

2. To move up and down.

3. A written promise to pay an amount of money to another party.

4. Money with dependable value, backed by gold reserves.

5. To put into circulation.

6. British agent producing coins by stamping metal.
7 Towering the value of a nation's currency.

8. The participation of a government or bank to cause change.

9. A set of monetary units made of stamped metal.

10. A method of fixing the major currencies against the dollar, used until 1973.

11. A method of producing banknotes which creates a complex design and is difficult to counterfeit.

12. The production of money backed by securities, not gold.