Choose the one word or phrase that best completes the sentence and fill in the appropriate answer above.
1-
CHICAGO, July 10, 2007 — Even before the Chicago Mercantile Exchange's $11.9 billion purchase of the crosstown ......... won final approval from shareholders, industry experts were speculating on possible acquisitions ahead for the new juggernaut of the financial exchange industry.
A -
Board of Trade
B -
CNA Financial Corp
C -
Ebix.com Inc
D -
GATX Corp
2-
The ......... market exists wherever one currency is traded for another; by far the largest financial market in the world, it includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions.
A -
denomination
B -
forex
C -
overnight
D -
specie
3-
Managers' power to influence bids can be strong if they act in concert, threatening a hostile bidder with a mass exodus (the '......... defense'); faced with a mass exodus of management, acquirers may be unwilling to proceed with the bid, because they often need existing management to train new management.
A -
Dead Hand
B -
Jonestown
C -
Macaroni
D -
Parachute
4-
STONE HARBOR- A referendum election for a bond ......... appropriating millions of dollars for various improvements in the borough overturned the proposal June 26: of the 819 registered voters, 497 turned out to vote.
A -
bylaw
B -
ordinance
C -
regulation
D -
statue
5-
The Pension Benefit Guaranty ......... protects the retirement incomes of nearly 44 million American workers in 30,330 private-sector defined benefit pension plans; it was created by the Employee Retirement Income Security Act of 1974.
A -
Association
B -
Bank
C -
Corporation
D -
Fund
6-
A Section 457 ......... compensation plan for employees of state and federal governments and agencies is similar to a 401(k) plan, except there are never employer matching contributions and the IRS does not consider it a qualified retirement plan.
A -
deferred
B -
delayed
C -
disciplined
D -
distended
7-
The annual ......... statement is a yearly statement to borrowers that details the remaining principal and amounts paid for taxes and interest.
A -
balance
B -
indebtedness
C -
loan
D -
mortgagor
8-
In October 1931, the New York Stock Exchange de facto prohibited short sales at a price lower than the previous sale; that is, short sales could not be executed on ..........
A -
downbeats
B -
downgrades
C -
downticks
D -
downtimes
9-
US ......... tax is deducted from our payroll in order to cover a portion of our retirement income when we reach age 65, but also as a survivor benefit, should we become disabled or die as a result of work — in which case the surviving spouse and children would receive a monthly income supplement.
A -
Health and Welfare
B -
Health Insurance
C -
Social Security
D -
Social Welfare
10-
......... preferred stock contains a provision that allows the corporation to buy back and retire the preferred stock at a specified price, sometimes at a premium; the stockholders have no choice but to resell the stock to the corporation when it exercises this provision.