The role of English in modern life.
Write your own opinion (about 150-200 words)
Task 5. Presentation
Make a presentation (8-12 slides) on the topic: “Financial management”
SELF STUDY 17
Task 1. Vocabulary
Exercise 1. Match the words in the box to the definitions 1 to 6 below
equity stake recession shares
debt stock market forecast
1)
equal parts into which the capital or ownership of a company is divided
2)
a period of time when business activity decreases because the economy is
doing badly
3)
money risked when a business owns part of
another company
4)
a place where company shares are bought and sold
5)
a description of what is likely to happen in the future
6)
money owned by one person or organisation to another person or
organisation
Exercise 2. Make sentences using the words in the box
equity stake recession shares debt stock market forecast
Task 2. Reading
Buying and Selling Stocks
Suppose you decide that you want to invest some of your money in stocks.
How do you go about buying them? Most people first
seek out the services of a
stockbroker,
a dealer who specializes in stock transactions. Stockbrokers will
advise you on which stocks to buy and when to buy them. Stockbrokers will also
process your order, charging you a certain percentage of the order as a fee. Stock-
brokers will also help you sell your stocks, again for a fee.
Stockbrokers usually buy and sell stocks through a trading market known as
a
stock
exchange
. There are several hundred stock exchanges in the United States.
Of these, the best known are the New York Stock Exchange (NYSE) and the
American Stock Exchange (AMEX), both of which are located in New York.
Other cities such as Chicago and San Francisco also have stock exchanges. Stock
exchanges provide a central place in which both buyers
and sellers of stock can
meet. Brokers who are members exchange carry out the orders of their customers.
This means that many different brokers are carrying out many different orders. The
final buying or selling prices are arrived at as a result of an auction.
Some investors feel that they are sufficiently knowledgeable to decide on
their own which securities to buy or sell. Rather than pay full fees for such services
as
consultations and research, they take advantage of the brokerage services
offered by many banks. Generally, bank brokerage services
allow the investor to
save on brokerage commissions since they do not provide advice about which
stock to buy.
