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Quize10
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PAGE
2
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1.
(Listentotheaudiorecordingforthequestion.)
A.Buyshareswhenpricesarecomparativelylow.
B.Buyshareswhiletheyarerising.
C.Startbuyingsharesasquicklyaspossible.
D.Buyamillionsharesofahigh-techstock.
Youranswer
Correctanswer
A
A
2.
(Listentotheaudiorecordingforthequestion.)
A.NasdaqtakesanaverageofallitsstockswhileDowdoesnot.
B.DowtakestheaverageofitsallitsstockswhileNasdaqdoesnot.
C.Neitherusestheaverageofitsstocks.
D.Bothtakeanaverageofalltheirstocks.
Youranswer
Correctanswer
D
D
3.
(Listentotheaudiorecordingforthequestion.)
A.Adepressionisapproaching.
B.Thestockmarketmaycrash.
C.Thestockmarketisstable.
D.Thestockmarketisrisingfast.
Youranswer
Correctanswer
C
C
4.
(Listentotheaudiorecordingforthequestion.)
A.Hebelievesintheimportanceofgettingsecretinformation.
B.Hebelievesitistimetobuyonlinestocks.
C.Heagreeswiththewoman.
D.Hedisagreeswiththewoman.
Youranswer
Correctanswer
D
D
5.
(Listentotheaudiorecordingforthequestion.)
A.Manyhigh-techcompanieshavebeenlaunched.
B.Manyhigh-techcompanieshavebeendelisted.
C.OneshouldbuystockslistedontheNasdaq.
D.OneshouldbuystockslistedontheDow.
Youranswer
Correctanswer
B
B
PartII
Directions:Listentothepassage(s)threetimes.Whenthepassageisreadforthefirsttime,listenforthegeneralidea.Whenthepassageisreadforthesecondtime,fillintheblanksnumberedfromS1toS7withtheexactwordsyouhear.ForblanksnumberedfromS8toS10,writedowneithertheexactwordsyouhearorthemainpointsinyourownwords.Whenthepassageisreadforthethirdtime,checkyouranswers.
JustlikeanS1,amutualfundcanalsobuyorsellsharesofacompany'sstock.AmutualfundisagroupofstocksandbondsthatisS2byagroupofpeople.Afinancialcompanyisinchargeofthemutualfund,whichisS3byoneormoreportfoliomanagers.ThepeoplewhoS4inmutualfundsarealsoknownasshareholdersbecauseaunitofS5inamutualfundiscalledashare.AmutualfundusesthecashinvestedbyitsS6topurchasestocks,orinsomecase,bonds.Thefund'sshareholdersareindirectS7inthatportfolioofstocksorbonds.Sinceamutualfundmaycontainthestocksofmanycompaniesinitsportfolio,S8.
Mostmutualfundsareopen-endfunds.Thismeansthatattheendofeveryday,S9.Amutualfundcanalsobeaclosed-endfund.Thesponsorofaclosed-endfundregistersandissuesafixednumberofsharesattheinitialoffering,similartoacommonstock.Investorsthencanbuyorsellthesesharesthroughastockexchange.S10.
Youranswer
Correctanswer
1
individual
2
owned
3
managed
4
invest
5
ownership
6
shareholders
7
investors
8
shareholdersareoftenabletoownagreaterandmorediversenumberofstocksthaniftheyinvesteddirectlyinthestockmarket
9
theinvestmentmanagementcompanysponsoringthefundissuesnewsharestoinvestorsandbuysbacksharesfrominvestorswishingtoleavethefund
10
Thesponsordoesnotbuybackorissuesharesafteraclosed-endfundislaunched,sotheinvestormusttradethemthroughabroker
PartIII
Directions:Listentothefollowingrecording,thenchoosethecorrectanswerstothequestions.Youwillheartherecordingtwice.Afterthefirstplaying,therewillbetimeforyoutochoosethecorrectanswers.Usethesecondplayingtocheckyouranswers.
1.
Whichofthefollowingwouldbethebesttitleforthepassage?
A.Resultsofthewrongdoingbydishonestcompanies.
B.TheworstAmericanstockmarketsince1987.
C.Thenecessityofgovernmentinspectionofcompanies’financialreporting.
D.ReasonsforthedecliningUSstockmarket.
Youranswer
Correctanswer
D
D
2.
HowdidtheDowJonesindexbehavethisweek?
A.Ithadoneofthelargestgains.
B.Itremainedstable.
C.Itdroppedjustalittle.
D.Itfellsharply.
Youranswer
Correctanswer
A
A
3.
Howmanycompaniesarementionedasgivingfalsefinancialreports?
A.One.
B.Two.
C.Three.
D.Four.
Youranswer
Correctanswer
C
C
4.
Whatisthegovernmentdoingregardingtothefalsereporting?
A.Dismissingofficialsinvolvedinfalsefinancialreports.
B.Investigatingthefinancialactivitiesofsomebigcompanies.
C.Delistingsomebigcompaniesfromthestockmarket.
D.Drawinguplawstopunishthewrongdoingofsomecompanies.
Youranswer
Correctanswer
B
B
5.
Accordingtothepassage,whathascausedthedecliningstockmarket?
A.WrongdoingbyAmericancompanies.
B.Excessiveinvestmentintelecommunications.
C.BothA)andB).
D.NeitherA)norB).
Youranswer
Correctanswer
B
C
PartIV
Directions:Choosetherightanswer.
1.
IfyoujumponanIPO,hopingitwillgoup,it'sabitlikebettingonaracehorse.Imean,______________itdoesn'tgoup?
A.howif
B.whatif
C.howabout
D.whatabout
Youranswer
Correctanswer
B
B
2.
Onlinesharetradinghastotallychangedthestockmarketandthelivesofinvestors.______________theInternetandbeyourownbroker!
A.Connect
B.Link
C.Hookupto
D.Hookover
Youranswer
Correctanswer
C
C
3.
______________about$500,youcanopenanaccountandbeginbuyingandsellingsharesfromyourownhome,24hoursaday.
A.For
B.To
C.In
D.At
Youranswer
Correctanswer
A
A
4.
Thedaysofdot-com
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