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Advanced Business English - Test 24
Choose the one word or phrase that best completes the sentence and fill in the appropriate answer above.
Ngày làm bài: Hôm nay lúc 06:27:53 (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-
Gifts to a charitable ......... trust (CRT) can be made in cash, but more often consist of highly appreciated stock, real estate or a closely held business interest; it pays income to the beneficiary for a fixed period or for life, and at the end of the trust, the remaining assets pass to the charities you have chosen.
  A - 
recipient
  B - 
remainder
  C - 
residual
  D - 
retirement
2-
The attached tables illustrate the cash flows for an interest ......... loan in its first 10 years under different inflation scenarios: Figure One illustrates the base case, Figure Two shows a potential 'low inflation' scenario and Figure Three a 'high inflation' scenario throughout the 10-year period.
  A - 
adjusted
  B - 
calibrated
  C - 
graded
  D - 
indexed
3-
The fill ......... order is used by customers wishing an immediate fill, but at a specified price; our floor broker will bid or offer the order three times and immediately return either a fill or an unable.
  A - 
and nil
  B - 
at will
  C - 
or kill
  D - 
the bill
4-
......... trade account status exists when the purchase and sale or sale and purchase of the same security on the same day in a single account takes place; liquidation of overnight positions and repurchase (or sale) are not considered.
  A - 
A daylight
  B - 
An offset
  C - 
An onboard
  D - 
A singleton
5-
In order to successfully build models of mortgage ......... that capture prepayment, delinquency and default behavior, we must decide upon common, generally accepted definitions for each of these behaviors.
  A - 
contingency
  B - 
exposure
  C - 
liability
  D - 
risk
6-
Gold has retrenched below its 20-day moving average of $659.31 to a six-month low of $643.20 where it is now holding but vulnerable to further selling; the ......... has also driven gold below its 50-day and 200-day moving averages of $664 and $646, respectively.
  A - 
downfall
  B - 
downtrend
  C - 
droppoff
  D - 
falloff
7-
In a market where agents trade via ......... order book, there is no market maker or specialist who provides bid and ask quotes; instead, any sellers/buyers can place offers/bids in this book and wait until the orders get executed, or they can trade immediately by placing a market order against the existing bids/offers.
  A - 
a limit
  B - 
an open
  C - 
a running
  D - 
a standing
8-
A full ......... enables early round investors to preserve the value of their initial investment in a down round — they get additional 'free' shares so that their effective share price equals the new lower price, thus avoiding a markdown in the value of their investment.
  A - 
deck
  B - 
house
  C - 
monty
  D - 
ratchet
9-
The 12(b)-1 fee is not like a sales commission, where the investor's initial purchase is reduced by the charge; it is deducted from the assets of the fund; many call this fee a hidden ......... because it decreases a shareholder's earning power each year without showing up overtly as a sales commission.
  A - 
bite
  B - 
drag
  C - 
load
  D - 
toll
10-
Your profit or loss depends on the difference between your cost ......... and the price at which you sold your investment; in the normal scheme of things, the former is your original purchase price, but sometimes you can make adjustments to that figure to make it larger.
  A - 
basis
  B - 
factor
  C - 
figure
  D - 
value
 
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