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Advanced Business English - Test 15
Choose the one word or phrase that best completes the sentence and fill in the appropriate answer above.
Ngày làm bài: Hôm nay lúc 03:21:51 (Server time)
Số câu hỏi: 10.   Tổng điểm: 10
Yêu cầu hoàn thành: 60 phút.
Thời gian còn lại: 
Cỡ chữ câu hỏi:  Cỡ chữ đáp án:


1-
There are various ways to use a ......... spread, but for our purposes, we'll discuss its normal use: this is when we sell a front-month, lower-strike call option and buy a longer-term, higher-strike call option or when we sell a front-month higher-strike put option and buy the longer-term, lower-strike put.
  A - 
diagonal
  B - 
horizontal
  C - 
temporal
  D - 
vertical
2-
The Exchange indicated that a '......... order imbalance' is one resulting in a price change from the last sale of the lesser of 10% or three points for stocks between $10 and $99.99, and five points for stocks $100 or more, unless a Floor Governor deems circumstances warrant a lower parameter.
  A - 
consequential
  B - 
critical
  C - 
significant
  D - 
substantial
3-
If a brokerage firm is unable to locate an account owner and the account has remained inactive for the period of time specified by state law, the firm must report it to the state, which then claims the account through a process called '.........', whereby the state becomes the owner of the account.
  A - 
escarpment
  B - 
escheatment
  C - 
estrangement
  D - 
exactment
4-
The final ......... goes to anyone who got a red herring within 25 days.
  A - 
offer
  B - 
option
  C - 
prospectus
  D - 
tender
5-
One of the fundamental laws of a capitalist economy is that ......... market-one where every player has access to all product and pricing information — is the ideal market; this market will, over time, converge towards the best pricing for the best products with the best level of services.
  A - 
a free
  B - 
an open
  C - 
an optimal
  D - 
a transparent
6-
Unlike sales taxes that appear on a cash register receipt, ......... taxes are those charges that are not expressly clear to the taxpayer; for example, the average price of a gallon of gas is $1.49 and 43 cents of that amount represents taxes — that 37% tax rate does not appear on your receipt.
  A - 
buried
  B - 
closed
  C - 
hidden
  D - 
veiled
7-
Philip Morris has a yield of 5% and a payout (dividend divided by estimated 2001 earnings) of only 52% (for ......... dividend, we multiply the latest quarterly dividend by four); it is not that Philip Morris is so generous, but the rich yield reflects the uncertain prospects of the tobacco industry.
  A - 
accumulated
  B - 
calculated
  C - 
extended
  D - 
indicated
8-
The Fair ......... Reporting Act (FCRA), enforced by the FTC, is designed to promote accuracy and ensure the privacy of the information used in consumer reports; businesses that supply information about you to CRAs and those that use consumer reports also have responsibilities under the law.
  A - 
Civic
  B - 
Client
  C - 
Credit
  D - 
Customer
9-
The ITS participants also proposed to develop a '......... order information system', based on the existing ITS, that would require specialists to aggregate and enter orders for display, and brokers executing a block trade outside the best bid or offer would be required to satisfy the LOIS orders.
  A - 
legal
  B - 
limit
  C - 
line
  D - 
load
10-
A market ......... order is another very common order because a lot of spread betting clients like to finish up the day with a flat position in their account.
  A - 
at last
  B - 
at rest
  C - 
on close
  D - 
on hold
 
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