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
•Read the following extract from an article about Security Markets. •For each question 15—20, mark one letter (A, B, C, or D) on
admin
2010-01-28
57
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 tile 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.
What is the first step before a personal investment as many financial planners suggest?
选项
A、Establishing an emergency funds equivalent to three to six months’ living expenses.
B、Finding a full-service account executive.
C、Making a personal investment plan.
D、Formulating measurable and realistic investment goals.
答案
A
解析
转载请注明原文地址:https://kaotiyun.com/show/LfKd777K
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、 CIwastootiredanswerswhydidn’tyoustudy.Choice(A)confusesthesimilarsoundsstudentsandstud
A、 B、 C、 B问和针织套衫一起穿的衣服种类的What疑问句。对此类疑问句不能用Yes/No来回答,(A)要当即作错误选项处理:(C)是使用由问句中的sweater可能联想到的drycleaningservice
Answer回答
Theinterlocutorasksyouquestionsonanumberofwork-relatedandnonwork-relatedsubjects.
FortwocandidatesYourcompanyisanexportandimportcompany.YouhavebeenaskedtoconsidertheentryofChinaintoWTO.Di
TaskOne-Job•Forquestions13-17,matchtheextractswiththepeople,listedA-H.•Foreachextract,choosethejobeachsp
•YouwillheartheGeneralManagerofCOSCOintroducingthecompany’sEDIsystem.•Asyoulisten,forquestions1-12,complete
•YouwillheartheGeneralManagerofCOSCOintroducingthecompany’sEDIsystem.•Asyoulisten,forquestions1-12,complete
•YouwillhearthespeechoftheManagingDirectoroftheInternationalMonetaryFundatthepressconference.•Asyoulisten,f
随机试题
温度是影响粮食黏度测定的主要因素。
试述确定开局策略应考虑的因素。
凯恩斯商业循环理论同古典商业循环理论的一个重大区别是它认为()
A、骨盆入口横径线B、骨盆入口前后径线C、中骨盆前后径线D、中骨盆横径线E、骨盆出口平面横径骶耻外径为()
不会出现在心脏压塞的患者的是
我国慢性胰腺炎的病因多为
下列各项中,哪项检查最易于诊断内分泌疾病
住宅小区公共性服务收费的费用构成包括()。
根据案件性质、案情繁简、影响范围,来确定上、下级法院受理第一审案件的分工和权限。该种管辖属于()。
Readthearticlebelowaboutmarketingpartnerships.Choosethebestsentencefromtheoppositepagetofilleachofthegaps.F
最新回复
(
0
)