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
61
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.
Which of the following belongs to traditional investment?
选项
A、Corporate bonds and buying stock on margin.
B、Preferred stock and selling short.
C、Government bonds and common stock.
D、Trading in commodities and options.
答案
C
解析
转载请注明原文地址:https://kaotiyun.com/show/hfKd777K
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
Theinterlocutorasksyouquestionsonanumberofwork-relatedandnonwork-relatedsubjects.(Thecandidatechoosesonetopic
Theinterlocutorasksyouquestionsonanumberofwork-relatedandnonwork-relatedsubjects.(Thecandidatechoosesonetop
Askingquestions询问
Theinterlocutorasksyouquestionsonanumberofwork-relatedandnonwork-relatedsubjects.
Theinterlocutorasksyouquestionsonanumberofwork-relatedandnonwork-relatedsubjects.
Theinterlocutorasksyouquestionsonanumberofwork-relatedandnonwork-relatedsubjects.
Theinterlocutorasksyouquestionsonanumberofwork-relatedandnonwork-relatedsubjects.
Practisediscussingthistask,andthequestionswhichfollowit,withapartner:STAFFTRAININGREVIEWTheorganisationyouwor
随机试题
挛缩是指
A.前驱期B.瘫痪前期C.瘫痪期D.瘫痪后期E.恢复期及后遗症期脊髓灰质炎患者出现“三脚架征”,吻膝试验阳性处于
下列关于新鲜冷冻血浆(FFP)的叙述,不正确的是
急性腹泻大便初为水样,后为脓血便,应首先考虑细菌感染。()
下列电路中不属于时序逻辑电路的是()。
滑升模板上滑时,要求新浇混凝土达到初凝,并至少具有()Pa的强度。
7月21日人民币对美元一次性()。在此次汇改之前,国际货币基金组织将人民币汇率划归传统钉住安排。这表明人民币汇率的波动幅度()。
张三、李四得知,共有甲、乙、丙、丁等4支代表队分获了15个项目(分别以序数表示)的奖牌,其中,甲队获得第1、4、12项目的奖牌;乙队获得第2、4、7、8、11项目的奖牌;丙队获得第4、5、6、12、13项目的奖牌;丁队获得第1、5项目的奖牌。王五从四支代表
以下体现了否定之否定规律的有()
AccordingtoIanPearson,afuturologist,theseareamongthedevelopmentsscheduledforthefirstfewdecadesofthenewmillen
最新回复
(
0
)