新視野大學(xué)英語(yǔ)視聽(tīng)說(shuō)教程第三冊(cè) Unit 10 Task 1: Tell me about the stock exchange.

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George: I’m supposed to give a presentation on the stock exchange, but I don’t yet know a thing about it. Could you give me some tips?

Diana: The problem with you is that you’ve skipped too many classes. Now, let me give you a few tips. First of all, you need to define the stock exchange. It’s an organization of brokers and investment bankers. In Europe it is often called a bourse.

George: Could you tell me more about it? Like, how does it work?

Diana: It provides facilities for the trading of company stocks, mainly the location and the record-keeping devices.

George: Can I go and trade there?

Diana: It depends. You have to be a member of the exchange before you can buy and sell shares there. They call it having “a seat” on the exchange.

George: Something they use the term “stock market”.

Diana: Well, the trading of stock on stock exchanges is called the stock market.

George: How can a company be listed on the stock exchange?

Diana: It has to meet certain requirements. To be listed on the New York Stock Exchange last year, for example, a company had to have issued at least a million shares of stock worth$16 and had to have had more than $2.5 million net income.

George: Wow, that’s a huge sum! Small companies haven’t got a chance.

Diana: Big companies have more influence on the stock prices after all.

George: I see what you mean.

Stock exchange a thing some tips define investment bankers Europe a member stock market requirements a million shares net income