Choose the one word or phrase that best completes the sentence and fill in the appropriate answer above.
1-
......... receipt is issued by an approved depository to a clearing corporation on behalf of an investor evidencing ownership of the underlying call, interest, stock or bond; upon assignment, the depository agrees to deliver the underlying property to the clearing corporation against the aggregate assignment value.
A -
A credit
B -
An escrow
C -
A retainer
D -
A trustee
2-
Because accounts receivable is a use of your company's cash, close attention should be paid to the ......... receivables; when you find that they are greater than your sales terms, the first step in analyzing your problem is to age your accounts receivable by multiples of your terms.
A -
charged
B -
current
C -
days
D -
debts
3-
An income payment' under a guaranteed income bond contract is treated as a full ......... if it is the final benefit under the contract.
A -
satisfaction
B -
settlement
C -
summation
D -
surrender
4-
To maintain their exposure to JGBs, investors should arrange to enter a market ......... open order onto the Tokyo Stock Exchange for its morning session the following business day; as we close positions against the TSE's opening price, using such an order will ensure that there is no loss of price exposure from this procedure.
A -
at
B -
on
C -
to
D -
(none)
5-
......... credit is defined as the maximum amount of all loans an individual can have outstanding at one time, beyond which a lender is unwilling to provide additional loans.
A -
Crest
B -
High
C -
Peak
D -
Top
6-
The candlestick techniques we use today originated in the style of technical ......... used by the Japanese over 100 years before the West developed the bar and point-and-figure analysis systems; in the 1700s, a Japanese trader in futures discovered that the markets were strongly influenced by the emotions of the traders.
A -
charting
B -
logging
C -
psyching
D -
tracking
7-
The venture division reaches a consensus on whether to pursue the investment further; if the decision is to continue, an investment ......... is written, summarizing the opportunity and the factors leading to the decision, and if a majority of the subcommittee approves the investment, a commitment is made to the partnership.
A -
memorandum
B -
motion
C -
proposal
D -
prospectus
8-
Even if your stock reaches or passes through the ......... price, your order may not execute if there are orders ahead of yours at the same price: the orders in line ahead of you must be filled first and there may not be enough stock available to fill your order when its turn comes.
A -
cap
B -
ceiling
C -
limit
D -
zone
9-
An investor who buys .........-backed securities provides loans to the homebuyer (or business) as a consequence.
A -
asset
B -
debt
C -
lender
D -
mortgage
10-
Non-resident ......... are subject to U.S. tax on U.S. sourced income only and are able to claim benefits of tax treaties.