VOCABULARY PRACTICE

Date: 2015-10-07; view: 479.

Ex. 1. Look at the words in the box, all of which are from this unit. Match the words with the correct definition from the list below.

1. Last reported price at which a security was sold on an exchange.

2. A term used to describe membership on an exchange.

3. Generally accepted unit of trading on a securities exchange.

4. An order to buy or sell a stated amount of security at the most advantageous price obtainable after the order is represented in the trading crowd.

5. Securities trade made for less than the normal trading unit.

6. Current market price of a security – as indicated by the latest trade recorded.

7. An employee of a stock exchange who accepts buy and sell orders from customers.

8. Maintain firm bid and offer prices in a given security by standing ready to buy or sell round lots at publicly quoted prices.

9. Market in which securities transactions are conducted through a telephone and computer network connecting dealers in stocks and bonds rather than on the floor of an exchange.

10. A company whose securities are traded on an organized exchange.

Ex. II. Look through this excerpt and then fill the spaces with words from the box. Translate the text into Russian.

More than 1700 companies from around the world ... (1) their shares on the New Stock Exchange. ... (2) their shares for sale to the public makes it possible for these companies to raise capital for a wide variety of productive purposes. ... (3) are the essence of the NYSE. Without them, there would be no shares and no shareholders. The shares of ... (4) allow all investor, both large and small, to participate in the growth and vitality of the economy. Since the shares of many foreign companies ... (5) on the NYSE, investors also have the opportunity to share in economic growth world-wide.