Part 1:

1. A stock whose price has suddenly fallen a lot after a company had bad news could be
a value stock, as it well probably rise again.
2. The stocks of food, tobacco and oil companies are usually defensive stocks, as demand
doesn’t rise or fall very much in periods of economic expansion or contraction.
3. The best way to make a profit in the long term is to invest in stockbroker.
4. Rights issue: an issue of shares offered at a special price by a company to its existing shareholders in proportion to their
holding of old shares.
5. Pensions funds and insurance companies, which can’t take risks, usually only invest in blue chips
6. Bank’s loan porfolios are now generally less secure than 20 years ago because blue chip companies are becoming
irresponsible.
7. Bondholders can only get their money back when the bond matures.
8 The fiscal system in most countries makes it advantageous for companies to issue bonds rather than borrow from a
bank
9. If you expect the price of a stock to rise, you can buy a call option
10. If you expect the price of a stock to fall, you can buy a put option.
11. Put option give the rights to sell security at a fixed price within a specific period.
12. A oligopsony is a market in a particular product in which a single producer can fix an artificial price.
13. A monopsony is a market form with only one buyer, facing many sellers
14. Monopolistic competition exists when many producers of slightly differentiated products are able to sell them at well
above their marginal cost

15. I want to work in the merges and acquisitions department of an investment bank in
New York.
a. acquisitions b. station c. Hotels
16. Which is the safest for an investor?
a. a corporate b. a junk bond c. a government bond
17.Which is the cheapest way for a company to raise money?
a. a bank loan b. an ordinary c. convertible
18. In a free trade area, govemment cannot impose a…...on imports.
a. tariff b. quota c. surplus
19.Producingin large quatities becomes cheaper because of economies of……...
a. tariff b. surplus c. scale
20.The import and export of goods is called……...trade.
a. free trade b. payments c. deficit

Part 2: Complete these sentences with the words in the box (20 marks)

A. Head office E. Supervisor

B. Employees C. Withdrawals D. Deposits
F. morigages L. customer service H. Cashier
G. savings account J. investment analyst
adviser
K. branch manager L. senior account M. current account Q. Loans and
N. investments
manager mortgages
 P. ATM Q. online banking S.rate R. debit card T. interest

21. A ............has a team of employees and watches and checks their work.
22. A…………...works at a bank counter and handles everyday banking.
23. A……………...handles customers’ problems and question, ofter on the phone.
24. An…………knows a lot about the economy and investments.
25. A…………...is in charge of the employees and customers at one branch of the bank.
26. A……………is responsible of customers’ accounts. It is managerment positipn.
27. The main office of a company………….
28. The people who work at a company………
29. Money put into a bank account…………
30. Money taken out of a bank account…....
31. Money that banks lend people to buy property……...
32.A bank account that pays no interest or low interest…….
33. a bank account for investment, the bank pays interest……...
34. things people put their money into make more money……
35.you can tell them the interest rates on……....
36. Customers also often ask about………….
37. I can show them how the……works.
38.I can also offer new customers a……….
39. You can tell customers that at the moment the interest…………for savings accounts is three
percent.
40. The bank pays the customer …………...on a savings account?

A market follower which does not establish its own niche is in a vulnerable position if as products does
not have it “unique seling proposition” there is no reason for anymore to buy it. In fact, in most
establish industries, there is only room for two or three major compaties think of soft drink soap and
washing powders jeans, sports thoes, and so on. Although small companies are generally flexible, and
can quickly respond to market conditions their narrow rangeof customers causes problematic fluctuation
in turnover and profit. Furthermore, they arevulnerable in a recession when largely for psychological
reasons, distributors, retailers and customers all prefer to buy from big well known suppliers.
*Choose short heading
41. Market leaders
42. Expanding markets
43. Market challengers
44. market followers
45. Extablishing a niche/Dangers faced by market followers.

B. read the article. Are these statements True & False (20 marks)
Jobs in banking
Banks offer many different jobs, from trainee cashier right up to senior account manager or investment
analyst. Many jobs are in specialist areas such as IT or corporate banking – accounts for business
customers. Some banks have call centres where customer service advisers answer telephone enquiries.
In the UK today, building societies, insurance companies and even supermarkets can offer the same
services as banks. There is a lot of competition, so banks always need top – quality staff with good
communication skills.
Training and opportunities
Trainess with basic school qualifications usually process cheques and do administrative task. They then
take a training course to become cashiers. Good casiners often become supervisors responsible for their
own teams of employees. Graduate trainees have a fast-track training course. They usually spend about
two year learning how the bank works. Then they can get management positions. Branch managers
spend a lot of time with customer and sometimes visit business customers in their office a factory.
Working conditions
Working hours are usually 9am to 5pm. Most banks have an annual appraisal system and give salary
increases according to performance. Some also have good persion schemes. Larger banks have sports
facilities for activities such as golf and tennis.

 True (T) or False (F)

46. T/F Only unisersity graduates jobs in UK banks.
47. T/F Customers visit call centres to talk to customer service advisers.
48. T/F Some other computers offer the same services as banks.
49. T/F Universily graduates become managers as soon as they join a bank.
50. T/F Manager never leave the bank during working hours.
51.T/F Some banks have an annual appraisal system and give salary increases accorsing to
performance.
52. T/F Working hours are usually 9am to 5pm
53. T/F Smaller banks have sports facilities for activities such as golf and tennis.
54. T/F Banks offer many different jobs, from trainee cashier right up to senior account manager or
investment analyst
55. T/F In the USA today building societies, insurance companies and even supermarkets can offer the
same servies as banks.