Investors in deep and liquid markets face immense risk that they will not be able to sell their securities when they want to.A．RightB．WrongC．Doesn't say
题目
Investors in deep and liquid markets face immense risk that they will not be able to sell their securities when they want to.
A．Right
B．Wrong
C．Doesn't say
相似考题
更多“Investors in deep and liquid markets face immense risk that they will not be able to sell their securities when they want to.A．RightB．WrongC．Doesn't say”相关问题
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第1题：
Banks are usually prepared to make long-term loans to investors.
A．Right
B．Wrong
C．Doesn't say
正确答案：B
解析：从第三段第一句Banks are not usually keen on making long-term loans in either case可看出。 -
第2题：
Treasury bills are short-term and virtually free of default risk.
A．Right
B．Wrong
C．Doesn't say
正确答案：A
解析：第二段提到because they are backed by…of the short term to maturity。 -
第3题：
听力原文：Seeking to maximize profits by assuming inappropriately large financial risk can cause investors to lose sleep.
(2)
A．Assuming inappropriately large financial risk can cause investors to lose sleep.
B．Financial risk will not cause investors to lose sleep.
C．Seeking to maximize profits appropriately can cause investors to lose sleep.
D．No matter how much they earn, the investors will lose sleep.
正确答案：A
解析：录音单句的意思为“通过承担相当大的不合适的金融风险来寻求最大的利润会使投资者失眠。” -
第4题：
The money market is a dealer market where, over the telephone or through electronic systems, ______.
A．a broker receives commission to act as an agent
B．the investors are trading on a central trading floor
C．firms buy and sell securities in their own accounts, at their own risk
D．individual investors can trade on the exchange
正确答案：C
解析：货币市场主要参与者为大型机构投资者，它们进行自营交易，而不是代客交易的经纪人，同时它是无形市场，一般没有进行集中交易的具体场所。自营交易商通过自己账户进行交易，并自我承担风险。 -
第5题：
听力原文：M: Do you provide investment service?
W: Yes. We are a commercial bank. We help customers with the purchase and sales of securities.
Q: What does the man want to do?
(13)
A．He will provide investment service.
B．He will help the customers.
C．He will join the commercial bank.
D．He will purchase or sell securities.
正确答案：D
解析：当男士问对方是否提供投资服务时，女士回答道："We help customers with the purchase and sales of securities．"可知D项正确。 -
第6题：
A financial market may be thought of as ordinary market in which traders may buy or sell particular financial commodities.
A．Right
B．Wrong
C．Doesn't say
正确答案：C
解析：第一段第二句仅指出a market is thought of...who conduct trades in particular commodities or services，并没有提及金融市场可以被看作普通商品市场一样。 -
第7题：
According to the passage, underwriting simply means ______.
A．that the investor promises to buy the securities
B．that the investment banker promises to sell the securities
C．that the investment banker promises to buy the securities
D．that the investor promises to sell the securities
正确答案：C
解析：文章第一段提到Underwriting simply means that…buy the securities。承销的意思是投资银行承诺购买证券。所以C选项符合题意。 -
第8题：
When you're teenager(青少年) it seems that every time you say "l want to．．． "，your par-ents answer，" No，you can' t． "
Young people further complain that their parents do not (11) them． When something goes(12) ，most parents just don't believe in their children．(13) asking why，they think their kids are wrong． And not many parents allow their kids to choose for themselves．
Yes，(14) is true that your parents sometimes treat you as a little could． But remember that not long ago you were really a child． Your parents still remember the childish (15) you used to make． They want to protect you (16) you don-t want them to do so．
So，if you want to get(17 freedom(自由)，please try to understand you don-t lie to them．Try a more friendly way．lf you want them to (18) you to stay out late，don't just say "All (19) kids can stay out late． Tell them as much as you can about what you want to do and where you’ll be and (20) it，s important for you to stay out late． Then they just might say "yes ．
( )11．
A． enjoy
B． prefer
C． understand
D． decide
正确答案：C
11．C【解析】由句意可知． -
第9题：
There's been a steady drumbeat of warmings about a surge in risky corporate borrowing-but not much clarity serious the threat is. At issue is the more than S1 million market in leveraged loans. That's Wall Street jargon for loans to business with less than rook-solid finances, Federal Reserve and European Central Hank officials have drawn to the rise in corporate debt and the deterioration or lending standards. The loans are often bundled into securities ollateralized loan obligations (CLOs).
Most of the watchdogs are carceful to say a repeat of the 2007-2008 crisis is unlikely because most of the debt banks. But that creates another problem Regulators focused on banks are largely in the dark when it comes to where the risks he and how they might ripple through the financial system when the economy turns down. A big over-indebted businesses could face severe stress and, in some cases, insolvency, threatening jobs and deepen downturn.
The mechanics of the leveraged loan market will be familiar to students of the housing crisis.
With interesting investors are willing to take greater risks to get higher yields. That makes lots of money available for lending. we makes it easier for less creditworthy companies to borrow .Rather than keep the risky loans on their books, lender them to asset managers that package them into securities -C1Ds-that are sold to investors such as insurers and hedge funds.
Yields on the riskicst portions of CLOs can approach 9% a year. And the growth of leveraged lending has been post crisis bank regulations that helped the rise or shadow lenders financial companics that aren't regulated like market for levcraged loans has more than doubled since 2012.
The risk taking could get worse: With demand by borrowers for levcraged loans declining this year, those still financing have been able to extract looser learns.
About 85% of leveraged loans are held by nonbanks, according to Wells Fargo rescarch.
But banks may play a larger robe than may assumc, according to Gaurav V asisht, drector for financial regulation at the Volcker Alliance, a good-governance group, Banks are involved in all stages of the process. They underwrite loans, sell them to the CLOs, invest in those securities, and then hedge those risks in the market.“One common narrative is that banks don't have much risk or aren't exposed 1o it. Vasisht said at the hearing, "Banks are exposed to it."
Just beeause banks are safer doesn't necessarily mean the financial system is, says Karen Petron, managing partner at Federal Financial Analytics, a regulatory- analysis firm. Debt investors might not be as resilient in a crisis, and their problems could create shock waves. "Banking regulators are being a htte myopic when they 're looking only at the banking system for systemic risk," she says.- Sally Bakewell and Thomas Beardsworth.
What does the undcrlined word "'myopie" mean in the last paragraph?( )
A. optimistic
B. pessimistic
C. short-sighted
D. sarcastic答案：C解析：当银行监管机构只考虑银行的系统性风险时，就有些“近视”了，由only我们可知，这里想说的是目光短浅，所以答案选B. -
第10题：
There's been a steady drumbeat of warmings about a surge in risky corporate borrowing-but not much clarity serious the threat is. At issue is the more than S1 million market in leveraged loans. That's Wall Street jargon for loans to business with less than rook-solid finances, Federal Reserve and European Central Hank officials have drawn to the rise in corporate debt and the deterioration or lending standards. The loans are often bundled into securities ollateralized loan obligations (CLOs).
Most of the watchdogs are carceful to say a repeat of the 2007-2008 crisis is unlikely because most of the debt banks. But that creates another problem Regulators focused on banks are largely in the dark when it comes to where the risks he and how they might ripple through the financial system when the economy turns down. A big over-indebted businesses could face severe stress and, in some cases, insolvency, threatening jobs and deepen downturn.
The mechanics of the leveraged loan market will be familiar to students of the housing crisis.
With interesting investors are willing to take greater risks to get higher yields. That makes lots of money available for lending. we makes it easier for less creditworthy companies to borrow .Rather than keep the risky loans on their books, lender them to asset managers that package them into securities -C1Ds-that are sold to investors such as insurers and hedge funds.
Yields on the riskicst portions of CLOs can approach 9% a year. And the growth of leveraged lending has been post crisis bank regulations that helped the rise or shadow lenders financial companics that aren't regulated like market for levcraged loans has more than doubled since 2012.
The risk taking could get worse: With demand by borrowers for levcraged loans declining this year, those still financing have been able to extract looser learns.
About 85% of leveraged loans are held by nonbanks, according to Wells Fargo rescarch.
But banks may play a larger robe than may assumc, according to Gaurav V asisht, drector for financial regulation at the Volcker Alliance, a good-governance group, Banks are involved in all stages of the process. They underwrite loans, sell them to the CLOs, invest in those securities, and then hedge those risks in the market.“One common narrative is that banks don't have much risk or aren't exposed 1o it. Vasisht said at the hearing, "Banks are exposed to it."
Just beeause banks are safer doesn't necessarily mean the financial system is, says Karen Petron, managing partner at Federal Financial Analytics, a regulatory- analysis firm. Debt investors might not be as resilient in a crisis, and their problems could create shock waves. "Banking regulators are being a htte myopic when they 're looking only at the banking system for systemic risk," she says.- Sally Bakewell and Thomas Beardsworth.
The ollteralized loan obligations (CLOs)( ).
A. are securities back by loans
B. are sold to companies with good finance
C. have very low yields
D. do not have much risks
答案：A解析：它享有高达9%的收益率，通常提供给负债累累的公司，并且享有高额风险，这些在文章中都明确提到，排除BCD.所以答案选A. -
第11题：
单选题Financial intermediaries are different from dealers becauseAthe former buy and sell securities.
Bthe latter create securities.
Cthe former create securities.
正确答案： A解析：
根据第三段最后一句“Dealers differ from financial intermediaries…because dealers do not create securities… ”可知，选项C符合题意。 -
第12题：
单选题The candidates must be able to speak a foreign language.ARight
BWrong
CDoesn’t say
正确答案： A解析：
这句话的意思是“应聘者必须会讲一门外语。”文中未提及相关信息。如果有，一般会出现在“Education”一项中。所以C项正确。 -
第13题：
CDs may be exchanged for money before its maturity date either in money markets or at commercial banks.
A．Right
B．Wrong
C．Doesn't say
正确答案：C
解析：文章第二段开头提到The holder of a CD…will ask a money market participant (often a commercial bank) to arrange a sale through a specialized dealer。并没有提及在哪里交易。a specialized dealer专业交易者。 -
第14题：
The markets for treasury bills in most developed countries have many different buyers and sellers.
A．Right
B．Wrong
C．Doesn't say
正确答案：A
解析：第二段提及The markets for Treasury bills in most developed countries are deep and liquid. A deep market is one with many different buyers and sellers，在发达国家，国库券市场层次分明，流动性强。市场层次分明是指国库券市场有大量不同类型的买主和卖主。因此该说法是正确。 -
第15题：
听力原文：M: It is reported that in some countries banks are not allowed to make investments in equity securities.
W: Generally commercial banks may invest only in those securities that are rated as "investment grade", or have bond ratings in the top four categories.
Q: Where are banks only allowed to make investments?
(15)
A．In equity securities.
B．In personal funds.
C．In securities rated as investment grade.
D．In property markets.
正确答案：C
解析：根据女士的回答商业银行只能投资"securities that are rated as 'investment grade'"。 -
第16题：
Banks in international lending face the risks common to all banks: liquidity risk, interest rate risk, credit (asset) risk, and contingent liabilities risk.
A．Right
B．Wrong
C．Doesn't say
正确答案：C
解析：文章通篇提及银行面临的三类风险，并加以举例，并没有提及Banks in international lending。 -
第17题：
Country risk refers to political risk existing in a country.
A．Right
B．Wrong
C．Doesn't say
正确答案：B
解析：从文中第二句话Country risk generally refers to economic and political conditions existing in a country．可看出，是"economic and political conditions"而非"political risk"。 -
第18题：
If a consumer wants to sell his CDs before the maturity date, he would do it in the primary markets.
A．Right
B．Wrong
C．Doesn't say
正确答案：B
解析：最后一段第二句明确指出Financial assets that are resold are waded in secondary markets，题中的购买定期存单者想在未到期前转卖(resold)，就必须在二级市场(secondary market)进行。 -
第19题：
Money market securities are ______.
A．essentially issued by governments, financial institutions, and large corporations
B．very liquid and earns high return
C．denominated in small sums so that individual investors can deal in them
D．purchased by individual investors directly
正确答案：A
解析：货币市场工具主要是由政府、金融机构和大公司所发行的债务型融资工具，其特点是具有较高的流动性，但营利性较差，此外这类丁具的金额都较大，适合机构投资者，一般个人投资者通过机构投资者投资货币市场工具。 -
第20题：
Special stowage in deep tanks is obviously required for ______．
A.Liquid commodities in containers
B.Bottled liquid commodities
C.Common liquid commodities in bulk
D.Liquid commodities in cylinders
正确答案：C
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第21题：
To deal with this problem, students say they want to___________.A.take a short course on anxiety
B.read about anxiety
C.be able to manage or understand their anxiety
D.take tests to prove they are not anxious答案：A解析：由第三段可知，学生先参加一个考试焦虑度的测试，如果焦虑度高的话，则会参加短期课程来减缓焦虑，因此答案为A。 -
第22题：
单选题When might people want to say, “I’m sorry, I can’t eat this.”?AIf they’ve been given something they don’t like．
BIf they are full.
CIf the hosts keep offering a lot of food to them．
DIf they are not hungry.
正确答案： C解析：
本题是细节题。由题干关键词I’m sorry, I can’t eat this可定位到左边中间部分。这一句出现在小标题“Given something you don’t like”下方。由此可知，这应该是推拒不喜欢的食物时说的话。故答案为A项。 -
第23题：
单选题According to the passage, dealers are different from brokers in thatAdealers neither buy nor sell securities themselves.
Bbrokers neither buy nor sell securities themselves.
Call of the above.
正确答案： B解析：
从第三段第二句“Dealers differ from brokers, who do not buy or sell securities themselves …”，可知经纪人与证券商的主要区别在于证券商做自营买卖和持有证券，由此可知选项B符合题意。