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Archive for the ‘Business English Lesson - Advanced Level’ Category
TRANs
Filed in
Business English Lesson - Advanced Level
on Sep.24, 2009
1. The Tax Revenue ......... Note (TRAN) is a tax-free bond that is issued on a one-year basis specifically for the purpose of improving cash flow to public entities heavily reliant on sporadic property tax distributions.
Accumulation
Accrual
Advance
Anticipation
2. As a way to attract orders from brokers, some exchanges or market-makers will pay your broker's firm for routing your order to them, perhaps a penny or more per share: this is called 'payment for order .........'.
fetch
flow
shift
shunt
3. A ......... merger can harm competition by making it difficult for competitors to gain access to an important component product or to an important channel of distribution — this is called a 'bottleneck' problem.
forward triangular
horizontal
reverse triangular
vertical
4. A 19c3 stock is a stock that was listed on one of the national securities exchanges, such as the NYSE, after April 26, 1979, ......... SEC rule 19c3, which forbids exchange members from participating in off-board trading.
absolving it from
admonishing it from
including it in
incorporating it in
5. ......... interest is calculated on the original principal only; accumulated interest from prior periods is not used in calculations for the following periods, and this type of interest calculation is normally used for a single period of less than a year, such as 30 or 60 days.
Basic
Initial
Simple
Standard
6. The Fair Debt Collection ......... Act (1977) is a federal law that outlines what information debt collectors can gather on you, and contains specific rules on how debt collectors can communicate with you; these rules are designed to protect you from abuse, harassment, false and misleading tricks and other illegal actions.
Practices
Procedures
Tactics
Techniques
7. Rule 405 is the NYSE codification of '......... your customer' rules, which require that a customer's situation be suitable for any investment being made.
advise
check
know
match
8. ......... Injury Protection covers the person named in the policy as the 'named insured', residents of the named insured's household related by blood, marriage or adoption, and passengers or pedestrians; these people will be eligible for medical insurance payments no matter who is at fault in the car accident.
Panoramic
Personal
Private
Public
9. The Special ......... Right is an international reserve asset, created by the IMF in 1969 to supplement the existing official reserves of member countries; SDRs are allocated to member countries in proportion to their IMF quotas and serve as the units of account of the IMF and other international organizations.
Depositing
Drawing
Tendering
Trading
10. During the ......... period of a fixed deferred annuity, your money, less any applicable charges, earns interest at rates set by the insurance company or in a way spelled out in the annuity contract; during the payout period, the amount of each income payment to you is generally set when the payments start and will not change.
accumulation
collection
deposit
premium
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