首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Read the following extract from an article about Security Markets. For each question 15—20, mark one letter(A, B. C, or D)on you
Read the following extract from an article about Security Markets. For each question 15—20, mark one letter(A, B. C, or D)on you
admin
2013-08-22
15
问题
Read the following extract from an article about Security Markets.
For each question 15—20, mark one letter(A, B. C, or D)on your Answer Sheet for the answer you choose.
Stocks may be purchased in either the primary or the secondary market. The primary market is a market in which all investor purchases financial securities(via an investment bank or other representative)directly from the issuer of those securities. Usually, an investment-banking firm an organization that assists corporations in raising funds — is involved in the marketing and distribution process. A corporation can also obtain equity by selling securities directly to current stockholders.
The secondary market involves transactions for existing securities that are currently traded between investors and are usually bought and sold through a securities exchange or the over-the-counter market. Securities exchanges are marketplaces where members buy and sell securities for their clients. The New York Stock Exchange is the largest in the United States; it accounts for about 50 percent of stock bought and sold in the United States. Other securities exchanges include the American Stock Exchange and several regional exchanges. The over-the-counter market is a network of account executives(stockbrokers)who buy and sell the securities that are not traded in exchanges. If you invest in securities, chances are that you will use the services of an account executive who works for a brokerage firm. Most full-service account executives not only process your orders to buy and sell securities but also provide valuable information and advice. For these services, they are paid a commission based on the size and value of the transaction. An investor should choose an account executive who is ethical, compatible, and able to provide the level of service required by the investor.
Personal investment planning begins with formulating measurable and realistic investment goals. A personal investment plan is then designed to implement those goals. Many financial planners suggest, as a first step, that the investor establish an emergency fund equivalent to three to six months’ living expenses. Then additional funds may be invested according to the investment plan. Finally, all investments should be carefully monitored and, if necessary, the investment plan should be modified.
Depending on their particular investment goals, investors seek varying degrees of safety, income, growth, and liquidity from their investments. Safety is, in essence, freedom from the risk of loss. Generally, the greater the risk, the greater should be the potential return on all investment.
Income is the periodic return from all investment. Growth is an increase in the value of the investment. Liquidity is defined as the ease with which an asset can be converted into cash. Among the traditional investment alternatives are bank accounts, corporate bonds, government bonds, common stock, preferred stock, mutual funds, and real estate. High-risk investment techniques can provide greater returns, but they entail greater risk of loss. They include buying stock on margin, selling short, and trading incommodities and options.
Information on securities and the firms that issue them can be obtained from the newspapers, brokerage-firm reports, business periodicals, corporate reports, and investors’ services. Most local newspapers report daily securities transactions and stock indexes, or averages. The averages indicate price trends but reveal nothing about the performance of individual stocks. State and federal regulations protect investors from unscrupulous securities trading practices. Federal laws, which are enforced by the Securities and Exchange Commission, require the registration of new securities, the publication and distribution of prospectuses, and the registration of brokers and securities dealers. These laws apply to securities listed on the national security exchanges, to mutual funds, and to some OTC stocks.
Which of the following terms is not mentioned in the passage?
选项
A、Primary market and secondary market.
B、Securities exchange and the over-the-counter market.
C、Investment-banking firm and stock averages.
D、The New York Stock Exchange and Nasdaq.
答案
D
解析
转载请注明原文地址:https://jikaoti.com/ti/gLFsFFFM
本试题收录于:
BEC高级阅读题库BEC商务英语分类
0
BEC高级阅读
BEC商务英语
相关试题推荐
A、 B、 C、 A让对方不要忘记填写有关客户服务的调查问卷的陈述句。(B)是使用和fill类似的单词file的错误选项;(C)是重复问句中的service、有重复词错误的错误选项。因此对叮嘱不要忘记填写调查问卷的话,回
1.(Thecandidatechoosesonetopicandspeaksaboutitforoneminute.)A.StaffManagement:howtoachieveandmaintainhighm
(Thecandidatechoosesonetopicandspeaksaboutitforoneminute.)A.Technology:theimportanceoftrainingstaffinhowto
Inthispartofthetest,youareaskedtogiveashorttalkonabusinesstopic.Youhavetochooseoneofthetopicsfromthe
StaffDevelopment:theimportancetoacompanyofreliableemployees
Canyoutellmewhyyouchooseyourparticularcareer?(Whatsparkedyourinterestinyourmajor?Howdidyoufirstgetinvolved
TASKONE—ADVANTAGE•Forquestions13—17,matchtheextractswiththeadvantages,listedA—H.•Foreachextract,choosetheadv
•YouwillhearaninterviewwithSteveMarriott,aninternalbusinessconsultantwithCarserve,avehiclebreakdownservice.•
DearMr.Hinson,Iwouldliketoconfirminwritingthearrangementsthatweagreed【S1】______atlastweekforthe
DearMr.Hinson,Iwouldliketoconfirminwritingthearrangementsthatweagreed【S1】______atlastweekforthe
随机试题
放宽检验条件下,出现不合格批被拒收,从下一个批次开始转入加严检验()。
A、Itisatraitofagenerouscharacter.B、Itisareflectionofself-esteem.C、Itisanindicatorofhighintelligence.D、Itis
根据我国著作权法的规定,下列关于著作权的表述正确的是
pH的定义是
在绿色建筑设计中,应优先选用的建筑材料是()。
板材按其材质划分有()等。
会计的本质是()。
在CRM技术类型中,可以为顾客提供个性化服务的类型是()。
依次填入下列各句横线处的词语,恰当的一项是()。①《窦娥冤》通过窦娥的小幸遭遇,特别是她蒙受的千古奇冤,揭露了当时社会官吏的____________和法制黑暗的真实情况。②虽然没有人教他,他摸索了一段时间,_______学会了。③铜鼓出土时口朝下,
TheAmericanFamilyIntheAmericanfamilythehusbandandwifeusuallyshareimportantdecisionmaking.Whenthechildrenare(5
最新回复
(
0
)