Choose the one word or phrase that best completes the sentence and fill in the appropriate answer above.
1-
The most common type of pass-through is a mortgage-......... certificate, where homeowners' payments pass from the original bank through a government agency or investment bank to investors.
A -
backed
B -
based
C -
conveyed
D -
covered
2-
A 'limited partner', who is prohibited from taking part in management and has no liability for debts beyond his/her investment, is a true ......... partner; however, without a limited partnership agreement, s/he is responsible for the debts of the partnership as a general partner.
A -
passive
B -
pillow
C -
secret
D -
silent
3-
Multiple listing of equity options that were already being traded as of January 20, 1990, was phased in over a period of time ending in late 1994; thus, by the end of 1994, each option ......... could list any equity option class.
A -
chain
B -
exchange
C -
floor
D -
trader
4-
The legal requirements will usually pose no problem, but the lack of a market minimizes the enthusiasm for and utility value of the non-......... stock option plan; still, it offers the most flexibility for the owner-management of a private company to select key personnel and option pricing arrangements to suit management objectives.
A -
aligned
B -
profit
C -
qualified
D -
refundable
5-
MIND C.T.I. Ltd, a leading provider of convergent end-to-end billing and customer care product based solutions for carriers worldwide, today announced the record date and ......... date of the previously declared and announced cash dividend of $0.20 per share.
A -
disbursement
B -
payment
C -
remittance
D -
settlement
6-
When this provision is in a lease, a landlord has the power to collect the maximum rent allowed under regulations in effect at the time; the ......... clause provides that if the regulations are altered during the time of the lease, the tenant must pay the new fee computed pursuant to the revised regulations.
A -
balloon
B -
escalator
C -
kiting
D -
parachute
7-
With a ......... option, usually the underlying and strike price currency is the foreign one and the currency in which the derivative pays out is domestic, calculated as the option's intrinsic value; this type of investment is paid at a fixed exchange rate, protecting the investor from fluctuations.
A -
bermuda
B -
chameleon
C -
quanto
D -
vanilla
8-
......... reserves must be held in the form of vault cash and if vault cash is insufficient, also in the form of a deposit with a Federal Reserve Bank; an institution that is not a member of the FRS can maintain that deposit directly with a Reserve Bank or with another institution in a pass-through relationship.
A -
Anticipated
B -
Demand
C -
Limit
D -
Required
9-
I look for a .........-to-cash-flow ratio of less than 15 for a large company that can't grow rapidly; for smaller companies, I look at things in more detail because many small companies can go from a dramatic loss to excellent cash flow in one year if they are adding customers without raising costs too badly.
A -
asset
B -
equity
C -
price
D -
growth
10-
Companies often ......... their stock when they believe the price of their stock exceeds the amount smaller individual investors would be willing to pay for the stock: by reducing the price of the stock, companies try to make their stock more affordable to these investors.