Exercises with word derivatives

predictable,
removal, separation, failure, precision, astonishment, processing,
combination, comparison, storing, typed, fascination, accurately,
comparison, unfailing, inefficient, reliable, unseparated.

Exercise 2. Match synonyms:

rely
on

look
for

quantity

print

search

post

type

amount

mail

turn
into

fascinating

show

convert

depend
on

display

wonderful

Exercise 3. Match an opposite to the first word of the line:

1.

to
store

to
keep;

to
send;

to
spend;

2.

to
subtract

to
divide;

to
add;

to
stress;

3.

to
simplify

to
complicate;

to
unify;

to
rectify;

4.

to
remove

to
retrieve;

to
move;

to
enter;

5.

to
search

to
lose;

to
find;

to
meet;

6.

to
fail

to
pass;

to
miss;

to
achieve.

Exercise 4. Translate the word-combinations:

to
perform calculations; with astonishing speed; vast amount of
information; to solve complicated problems; digital computer; huge
collection of switches; to convert numbers; to figure out how to
solve the problem; storing and retrieving information; computer
operating systems; hardware and software; to display documents and
pictures; to predict what will happen.

Exercise 5. Fill in the gaps with the right verb from the box in the correct form:

to
predict

to
fail

to
search

to
perform

to
type

to
simplify

  1. He
    cannot go to the beach with us tomorrow, because he _________ in
    History two days ago and has to study hard.

  2. The
    police __________ for the criminals for a month already but without
    any result.

  3. The
    secretary said that she _____ the documents already and was going to
    leave.

  4. The
    catastrophe _________ by scientists long before the event.

  5. The
    professor __________ the task by giving some additional
    explanations.

  6. Newspapers
    report that the actress __________ in the new play with great
    success.

Exercise 6. Translate the word-combinations:

вирішити
рівняння, вмикнути
пристрій, володіти
мережею заправних
станцій, запасати
продукти першої
необхідності, з’єднати
окремі частини
у потрібному
порядку, передбачати
майбутній розвиток
міського транспорту,
показати на
екрані результати
експериментальної роботи,
обчислити відстань
з більшою
точністю, чудові
пейзажи.

Exercise 7. Translate chains of words:

computer
network; car production efficiency; truck output figures; precision
instrument; consumer goods supply figures; earthquake prediction;
food storage; resistance power equation; car speed acceleration;
country road network; stage performance; characteristics comparison.

GRAMMAR
REVIEW

I. Subjunctive mood

Unreal
Condition (2)

A:

I
wish

I

he

you

they

were

had

could

1.
I wish I could speak German.

2.
I wish you had a computer.

3.
I wish they were here now.

B:

If

I

he

you

they

were

had

saw

knew

I

he

you

they

would

could

do

  1. If
    I could speak German I would go to Germany.

  2. If
    you had a computer you might finish your work faster.

  3. If
    they were here now they would have a lot of fun.

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PROFESSIONAL ENGLISH IN USE FOR FINANCE

35. DERIVATIVES

A

Options

Derivatives are financial products whose value depends on – or is
derived from – another financial product, such as a stock, a stock market
index, or interest rate payments. They can be used to manage the risks
associated with securities, to protect against fluctuations in value, or to
speculate. The main kinds of derivatives are options and swaps.


B

In-the-money
and out-of-the-money

Selling or
writing options contracts involves the obligation either to deliver or to
buy assets, if the buyer exercises the option – chooses to make the trade. For
this the seller (writer) receives a fee called premium from the buyer. But writers
of options do not expect them to be exercised.


C

Warrants and
swaps

Some
companies issue warrants which, like options, give the right, but not the
obligation, to buy stocks in the future at a particular price, probably
higher than the current market price. They are usually issued along with
bonds, but they can generally be detached from the bonds and traded
separately.


EXERCISES

35.1

Match the two parts of the sentences. Look at A opposite to help you.

1

The price of a derivative always depends on

2

Options can
be used to hedge against


35.2

Choose the
correct endings for the sentences. Some sentences have one than one
possible ending. Look at A and B opposite to help you.

1

If you expect the price of a stock to rise, you can

a

buy a call option.

b

sell a
call option.

c

buy a put option.

d

sell a
put option.

2

If you expect the price of a stock to fall, you can

a

buy a
call option.

b

sell a call option.

c

buy a
put option.

d

sell a put option.


35.3

Complete the definitions. Look
at A, B and C opposite to help you.


35.4

Complete
these sentences using words from A, B and C opposite.

1

If your put option is out-of-money, the
seller will gain the _____________.

2

You only
exercise a call option if he market price is higher than the _____________.


ANSWER KEY

1. Two members of the crew were kidnapped and held in       for three months. (Correct)(Incorrect)

Two members of the crew were kidnapped and held in captivity for three months. (Correct)

captivation

captivity

caption

capture

2. We are hoping for successful       of our project by June. (Correct)(Incorrect)

We are hoping for successful completion of our project by June. (Correct)

complement

compliment

completeness

completion

3. His two-month stay in the jungle was a real test of his bravery,       and will power. (Correct)(Incorrect)

His two-month stay in the jungle was a real test of his bravery, endurance and will power. (Correct)

durability

duration

endurance

4. He studied astronomy and       in college. (Correct)(Incorrect)

He studied astronomy and mechanics in college. (Correct)

mechanic

mechanics

mechanism

mechanization

5. Such qualities as superior       , extraordinary durability, remarkable transparency and exceptional brilliance have made diamond the most valuable precious stone. (Correct)(Incorrect)

Such qualities as superior hardness , extraordinary durability, remarkable transparency and exceptional brilliance have made diamond the most valuable precious stone. (Correct)

hardihood

hardiness

hardness

hardship

6. How he managed to get out of the locked room remains a       . (Correct)(Incorrect)

How he managed to get out of the locked room remains a mystery . (Correct)

mystery

mystic

mysticism

mystique

7. His actions lead to a serious       of the problem. (Correct)(Incorrect)

His actions lead to a serious complication of the problem. (Correct)

complexion

complexity

complication

complicity

8. Because of that, I found myself in an awkward       . (Correct)(Incorrect)

Because of that, I found myself in an awkward predicament . (Correct)

predicament

predication

predictability

prediction

9. Sadness and       filled her heart. (Correct)(Incorrect)

Sadness and longing filled her heart. (Correct)

longevity

longing

longitude

prolongation

10. He gave us his       that the boat was in good working order. (Correct)(Incorrect)

He gave us his assurance that the boat was in good working order. (Correct)

assurance

insurance

sureness

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