Контрольная работа. Вариант 1

Variant I

I. Read and translate the text. Write down your translation of the third paragraph.
                      
Foreign Exchange Market

1. The foreign exchange market is the market in which participants are able to buy, sell, exchange and speculate on currencies. Foreign exchange markets are made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. The forex market is considered the largest financial market in the world. The foreign exchange market – also called forex, FX, or currency market – trades currencies. Aside from providing a floor for the buying, selling, exchanging and speculation of currencies, the forex market also enables currency conversion for international trade and investments.
2. The forex market has unique characteristics and properties that make it an attractive market for investors who want to optimize their profits. The forex market has invited retail currency traders from all over the world because of its benefits. One of the benefits of trading currencies is its massive trading volume, which covers the largest asset class globally. This means that currency traders are provided with high liquidity.
3. In the forex market, as one major forex market closes, one in another part of the world opens. Unlike stocks, the forex market operates 24 hours daily except on weekends. Traders find this as one of the most compelling reasons to choose forex, since it provides convenient opportunities for those who are in school or work during regular work days and hours.
4. The leverage given in the forex market is one of the highest forms of leverage that traders and investors can use. Simply put, leverage is a loan given to an investor by his broker. With this loan, investors are able to enhance profits and gains by increasing traders’ and investors’ control over the currencies they are trading. For example, investors who have a $1,000 forex market account can trade $100,000 worth of currency with a margin of 1%, with a 100:1 leverage.
5. In 2013, the Triennial Central Bank Survey of Foreign exchange and OTC Derivatives Market Activity provided statistics on the amount of currencies traded daily, and has stated an average of $4 trillion traded daily. The break-down of this amount shows that $1.490 trillion were traded in spot transactions, $475 billion in outright forwards, $1.765 trillion in foreign exchange swaps, $43 billion in currency swaps, and $207 billion in options and other forex products. There are as many currency pairs as there are currencies in the world.

II. Read the text and match these statements  (1-10)T (true) or F (false) according to the information in the text.
1.    Foreign exchange markets are made up of only banks.
2.     The leverage given in the forex market is one of the highest forms of leverage.
3.    The forex market has invited retail currency traders from all over the world because of its benefits.
4.    The forex market does not enable currency conversion for international trade and investments.
5.    Currency traders are provided with low liquidity.
6.    The forex market operates 24 hours.
7.    The foreign exchange market trades currencies.
8.    The forex market has unique characteristics.
9.    One of the benefits of trading currencies is its massive trading volume.

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III. Match the words (1-10) with their definitions (a-j):


1. Interest rate    a. An EMV or chip card is a standard card that contains an embedded microchip as well as a traditional magnetic stripe. The chip encrypts information to increase data security when making transactions at terminals or ATMs that are chip-enabled
2. Inactive account    b. An open bank account in which transactions can be made; usually an account that has had activity within the last 3 years.
3. Joint account

    c. A service that allows an account holder to obtain account information and manage certain banking transactions via personal computer or mobile device
4. Online Banking

    d. The amount of money in an account at the start of the business day, including all deposits and withdrawals posted the previous night, whether or not the funds have been collected
5. Available balance
    e A bank account in which there have not been any transactions (excluding direct deposit) for an extended period of time.
6. EMV/Chip Card

    f. An arrangement that automatically deducts funds from your account on the day you choose in order to pay a recurring bill (for example, a car loan payment or a mortgage payment).
7. Automatic payment    g An account owned by 2 or more people.
8. Active account
    h A printed or online statement of all the transactions that occur on your account during a statement cycle.
9. Account statement    i The percentage of interest paid on an interest-bearing account, such as savings.
10. Account balance    j The amount of money in your account that is available for immediate use.

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IV. Complete each sentence (1-10) with a suitable word (a-j) from the box.

a.     return          b. asset               c. reducing       d. success      e. intermediary
      f. benefit          g. diversify      h. include          i. income      j. loss


1.    To invest is to allocate money in the expectation of some… in the future.
2.    In financial market, the benefit from investment is called a ….
3.    The return may consist of capital gain or investment ….
4.    Investment generally results in acquiring an ….
5.    Investors, particularly novices, are advised to adopt an investment strategy and … their portfolio.
6.     Diversification has the statistical effect of … overall risk.
7.    An investor may bear a risk of … of some or all of their capital invested.
8.    Investors famous for their … include Warren Buffett.
9.    Investments are often made indirectly through … financial institutions.
10.    These intermediaries … pension funds, banks, and insurance companies.

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V. Match (1-10) with (a-j) to make up sentences:

1.  A fiscal year is the period used by governments for    a. the taxpayer's tax year or taxable year.
2.Laws in many jurisdictions require company financial reports to be    b. a statement of financial position.
3.The fiscal year is usually denoted by the year    c. cash flow activities.
4.The fiscal year for individuals and entities to report and pay income taxes is often known as    d. by readers.
5.A balance sheet is
e. financial asset.

6.A cash flow statement reports on a company's    f.year in which it ends.
7.Financial statements are intended to be    g. accounting and budget purposes.
8.A security is a tradable     h. the issuer.

9.The company or other entity issuing the security is called    i. more typically, "non-certificated".
10.Securities may be represented by a certificate or    j. be prepared and published on a generally annual basis.

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VI. Choose а suitable preposition (a-f) from the box to complete each sentence (1-5). There is one word that you don't have to use.


    a.  in     b. between    c. on       d. under       e. with     f. of


1.    A transaction is an agreement … a buyer and a seller to exchange goods
2.    You often travel … business trips.
3.    Is your office … London?
4.    They sell a range … insurance products.
5.    I have to socialize … clients.

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1    2    3    4    5
                

VII. Put the words in the correct order to make up sentences:

1.    much, How, oil, are, now, they, producing?
2.    the, economy, state, Is, controlled, or, private?
3.    controls, the, sector, Who, banking?
4.    does, your, What, job, involve?
5.     can, give, I, a, presentation, mini.

VIII. Complete the sentences (1-5) with a) a, b) an, c) the, d) no article:

1.    Trading … stock can be tricky if you've never done it before.
2.    They decided to grant … company with fresh working capital.
3.    Financial instruments are monetary contracts between …parties.
4.    …   deposit is the monetary amount that is placed with some entity.
5.    For … primary market to thrive, there must be a secondary market.

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IX. Complete the sentences with the correct forms of the words in capitals.

1.    I have to ___________ with clients. SOCIAL
2.    He can form good _____________ relationships. WORK
3.    It shows signs of growing. GROW
4.    ___________ come in many different types. CORPORATE
5.    Most jurisdictions now allow the creation of new corporations through____________. REGISTRATE

X. Listen to the text “CREDIT CARDS” using http://www.listenaminute.com/c/credit_cards.html and answer these questions:

1.    What were credit cards companies telling?
2.    Why do many people worry about putting their card details online?
3.    What can one get when he uses his card?