When the stock market turns down, holders of common stocks traditionally begin to move some portion of their (61) out of stocks and into (62) to protect themselves against further declines in the market, PI programs attempt to hedge against the possibilit

题目

When the stock market turns down, holders of common stocks traditionally begin to move some portion of their (61) out of stocks and into (62) to protect themselves against further declines in the market, PI programs attempt to hedge against the possibility of a market decline by (63) stock index futures contracts or stock index options (buying stock index put options). The more the market falls, the more futures and options contracts are sold by PI programs. If the market continues to fall, the rise in the value of the portfolio' futures and option positions cushions the decline in the value of the portfolio' common stocks. PI managers believe that such hedging programs using futures and options involve lower transaction costs and provide greater (64) than the traditional method of actually selling stocks and buying treasury (65)

(46)

A．treasure

B．assets

C．investment

D．capital

相似考题

1.In face of the current stock market, most stock-holders_____.［A］ stop injecting more money into the stock market［B］ react angrily to the devaluing stock［C］ switch their money around in the market［D］ turn a deaf ear to the warning

2.Apart from borrowing from hanks, a firm or an individual can obtain funds in a financial market in two ways. The most common method is to issue a (61) , such as a bond or a mortgage, which is a (62) by the borrower to pay the holder of it at (63) until a specified date, when a final payment is made. The (64) of it is the time of expiration date. The second method of raising funds is by issuing (65) , such as common stock, which are claims to share in the net income and the assets of a business.(46)A．debt instrumentB．letter of creditC．letter of guaranteeD．certificate of deposit

3.短文理解听力原文： The Tokyo stock market responded calmly yesterday to the collapse of two Japanese financial institutions, with prices finishing higher on strength in high-tech issues. The US dollar fell back against the Japanese yen.The dollar started higher in Tokyo amid concern about the collapse of the nation's largest credit union and Hyogo Bank, a regional bank based in Kobe. It reached 99.40 yen at one point, its highest level since 99.45 yen on February 8.At late afternoon, the dollar was traded at 97.46 yen, down 1.32 yen from late Wednesday in Tokyo and also sharply below its overnight New York level of 99.01 yen. The US currency ranged in Tokyo between 96.82 yen and 99.40 yen. Meanwhile, share price rose as higher future prices and rising high-tech issues supported the whole market. Export-related high-tech stocks have gained significantly, supported by the stronger dollar.21. How did the Tokyo stock market respond to the collapse of two Japanese financial institutions?22.What was the price of the dollar against Japanese yen at late afternoon?23.What kind of stocks has risen in the Tokyo stock market?(21)A．With little concern.B．With calm.C．With great interest.D．With confusion.

4.A derivative is a security which "derives" its value from another underlying (61) instrument, index, or other investment. Derivatives are available based on the performance of stocks, interest rates, currency exchange rates, as well as (62) contracts and various indexes. Derivatives give the buyer greater leverage for a (63) cost than purchasing the actual underlying instrument to achieve the same position. For this reason, when used properly, they can serve to "hedge" a (64) of securities against losses. However, because derivatives have a date of (65) , the level of risk is greatly increased in relation to their term. One of the simplest forms of a derivative is a stock option. A stock option gives the holder the right to buy or sell the underlying stock at a fixed price for a specified period of time.(46)A．bankB．financialC．mathematicD．securities

更多“When the stock market turns down, holders of common stocks traditionally begin to move some portion of their (61) out of stocks and into (62) to protect themselves against further declines in the market, PI programs attempt to hedge against the possibilit”相关问题

  • 第1题：

    Our stocks include a wide range of first-class electrical typewriters at very competitive prices.They have the correcting and automatically storing system. From the catalogues enclosed, you will find that our prices are much lower than those in the market.(英译中)


    参考答案：我方存货包括许多种类的一流电动打字机，其价格很有竞争力。这些打字机具有改正和自动存储系统。贵方从所附的目录单中可以看出，我们的价格要比市场价低很多。

  • 第2题：

    The New York foreign exchange market is a market for exchanging foreign currencies against any convertible currencies.

    A．Right

    B．Wrong

    C．Doesn't say


    正确答案：B
    解析：文中第四句The New York foreign exchange market, for example, is essentially a market for exchange foreign currencies against the US dollar. 可以看出。

  • 第3题：

    Investment Tips

    By Scott Russell

    Investing in stocks that are less than $5 per share is a good way to boost your stock portfolio. Many big investors ignore these stocks because of the potential risks involved, however, these stocks often grow significantly over the course of time. Investing in inexpensive stocks is a wise move, provided that you hold on to them for at least one year to allow enough time for them to develop.

    Four stocks that I suggest for less than $5 per share are High Standard Pharmaceuticals Company, Nova Oil, Inc., Direct Access Publishing Group, and Peak Media Holdings. If you are new to the market, you might want to try investing in them through an online brokerage firm that does not charge a high commission for their services, and remember: only invest up to five percent of your entire stock portfolio in any stock, including these.
    ------------------------------------------------------------------------------------------------------------------------------
    Quick Stock Quotes -- Thursday April 22 -- 2:40 P.M.
    (Quotes delayed by 20 minutes)
    Nova Oil, Inc. (NOI)
    3.93 +0.08 +2.08%

    Previous Close 3.85
    Open 3.87
    High 3.94
    Low 3.79
    Volume 864,300
    Bid 3.91
    Bid Size 600
    Ask 3.97
    Ask Size 3,300
    52 Week range 1.64-8.90
    What type of stocks is the article about?

    A. Oil company stocks

    B. Inexpensive stocks

    C. Pharmaceutical stocks

    D. Stocks from new companies

    答案：B
    解析：

  • 第4题：

    Investment Tips

    By Scott Russell

    Investing in stocks that are less than $5 per share is a good way to boost your stock portfolio. Many big investors ignore these stocks because of the potential risks involved, however, these stocks often grow significantly over the course of time. Investing in inexpensive stocks is a wise move, provided that you hold on to them for at least one year to allow enough time for them to develop.

    Four stocks that I suggest for less than $5 per share are High Standard Pharmaceuticals Company, Nova Oil, Inc., Direct Access Publishing Group, and Peak Media Holdings. If you are new to the market, you might want to try investing in them through an online brokerage firm that does not charge a high commission for their services, and remember: only invest up to five percent of your entire stock portfolio in any stock, including these.
    ------------------------------------------------------------------------------------------------------------------------------
    Quick Stock Quotes -- Thursday April 22 -- 2:40 P.M.
    (Quotes delayed by 20 minutes)
    Nova Oil, Inc. (NOI)
    3.93 +0.08 +2.08%

    Previous Close 3.85
    Open 3.87
    High 3.94
    Low 3.79
    Volume 864,300
    Bid 3.91
    Bid Size 600
    Ask 3.97
    Ask Size 3,300
    52 Week range 1.64-8.90
    Why does Mr. Russell say big investors ignore these stocks?

    A. They are risky.

    B. They are too popular.

    C. They often lose money rapidly.

    D. It is difficult to make money from them.

    答案：A
    解析：

  • 第5题：

    共用题干
    第一篇

    What's NASDAQ?

    NASDAQ is a familiar but strange name for people.We often learn its news via different kinds of media,though quite a lot of people can not tell what exactly it means.
    NASDAQ,short for the National Association of Securities Dealers Automated Quotations system,is one of the largest market in the world for stocks trading. The number of companies in NASDAQ is more than that of the other stock exchange in America,including the New York Stock Exchange(NYSE)and the American Stock Exchange(AMEX).
    Most of the companies listed on NASDAQ are smaller than most of those on the NYSE and AMEX.NASDAQ has become recognized as the home of new technology companies,especially computer and computer-related businesses.Trading on NASDAQ is initiated by stock brokers acting on behalf of their clients.The brokers negotiate with market makers who concentrate on trading specific stocks to reach a price for the stock.
    Different from other stock exchange,NASDAQ has no central location where trading takes place.Instead,its market makers can be found all over the country and make trades by telephone and via the Internet. Since brokers and market makers trade stocks directly instead of on the floor of a stock exchange,NASDAQ is called an over-the-counter market. The term over-the-counter refers to the direct nature of the trading,as in a store where goods are handed over a counter.
    Since its foundation in 1971,the NASDAQ Stock Market has been the innovator. As the world's first electronic stock market,NASDAQ long ago set a precedent for technological trading innovation that is unrivaled.Now poised to become the world's first truly global market,the NASDAQ Stock Market is the market of choice for business industry leaders worldwide.By providing an efficient environment for raising capital NASDAQ has helped thousands of companies achieve their desired growth and successfully make the leap into public ownership.

    What does the passage mainly tell us?
    A:The history of NASDAQ.
    B:The difference between NASDAQ and other stock exchanges.
    C:How NASDAQ is managed.
    D:The general information about NASDAQ.

    答案：D
    解析：
    本题是主旨概括题。题干是：这篇文章主要告诉我们什么？选D的依据是题目和各段的第一句，其中涉及了纳斯达克的名称、与其他股市的区别以及历史等，所以选项D有关纳斯达克的一般信息是正确答案。
    本题是细节推理题。题干是：从短文中可以推理出以下哪一项？ 选C的依据是最后一段第一句："Since its foundation in 1971, the NASDAQ Stock Market has been the innovator"自1971年成立之日起，纳斯达克股票市场就成了产业的革新者。选项C纳斯达克已经做出了很多对股市的革新，与原文意思相符。
    本题是细节考查题。题干是：以下哪个说法是正确的？ 选B的依据是最后一段第二句："As the world's first electronic stock market..."。选项B纳斯达克已经准备好成为世界上第一个真正的全球电子股票市场，与原文意思相符。
    本题是细节考查题。题干是：谁是纳斯达克的创始人？选A的依据是第三段第三句："Trading on NASDAQ is initiated by stock brokers acting on behalf of their clients." 纳斯达克的交易是通过代表客户利益的股票经纪人发起的。选项A代表客户利益的股票经纪人，与原文意思相符，是正确答案。
    本题考查考生结合上下文理解多义词意思的能力。题干是：纳斯达克是如何帮助成百上千家公司完成其市值的预期增长，同时也成功地、跨越式地实现公司股权的公众所有？全文的最后一句提到“By providing an efficient environment for raising capital NASDAQ has helped thousands of companies achieve their desired growth and successfully make the leap into public ownership.“通过提供一个有效的融资环境，纳斯达克已经帮助成百上千家公司完成了其市值的预期增长，同时也成功地、跨越式地实现了公司股权的公众所有。所以选项B通过提供一个有效的融资环境是正确答案。

  • 第6题：

    共用题干
    第一篇

    What's NASDAQ?

    NASDAQ is a familiar but strange name for people.We often learn its news via different kinds of media,though quite a lot of people can not tell what exactly it means.
    NASDAQ,short for the National Association of Securities Dealers Automated Quotations system,is one of the largest market in the world for stocks trading. The number of companies in NASDAQ is more than that of the other stock exchange in America,including the New York Stock Exchange(NYSE)and the American Stock Exchange(AMEX).
    Most of the companies listed on NASDAQ are smaller than most of those on the NYSE and AMEX.NASDAQ has become recognized as the home of new technology companies,especially computer and computer-related businesses.Trading on NASDAQ is initiated by stock brokers acting on behalf of their clients.The brokers negotiate with market makers who concentrate on trading specific stocks to reach a price for the stock.
    Different from other stock exchange,NASDAQ has no central location where trading takes place.Instead,its market makers can be found all over the country and make trades by telephone and via the Internet. Since brokers and market makers trade stocks directly instead of on the floor of a stock exchange,NASDAQ is called an over-the-counter market. The term over-the-counter refers to the direct nature of the trading,as in a store where goods are handed over a counter.
    Since its foundation in 1971,the NASDAQ Stock Market has been the innovator. As the world's first electronic stock market,NASDAQ long ago set a precedent for technological trading innovation that is unrivaled.Now poised to become the world's first truly global market,the NASDAQ Stock Market is the market of choice for business industry leaders worldwide.By providing an efficient environment for raising capital NASDAQ has helped thousands of companies achieve their desired growth and successfully make the leap into public ownership.

    What can be inferred from the passage?
    A:NASDAQ is the headquarters of new technology companies.
    B:Companies in NASDAQ are smaller than most of those on the NYSE and AMEX.
    C:NASDAQ has innovated a lot in stock market.
    D:Hundreds of companies achieve their desired growth every year.

    答案：C
    解析：
    本题是主旨概括题。题干是：这篇文章主要告诉我们什么？选D的依据是题目和各段的第一句，其中涉及了纳斯达克的名称、与其他股市的区别以及历史等，所以选项D有关纳斯达克的一般信息是正确答案。
    本题是细节推理题。题干是：从短文中可以推理出以下哪一项？ 选C的依据是最后一段第一句："Since its foundation in 1971, the NASDAQ Stock Market has been the innovator"自1971年成立之日起，纳斯达克股票市场就成了产业的革新者。选项C纳斯达克已经做出了很多对股市的革新，与原文意思相符。
    本题是细节考查题。题干是：以下哪个说法是正确的？ 选B的依据是最后一段第二句："As the world's first electronic stock market..."。选项B纳斯达克已经准备好成为世界上第一个真正的全球电子股票市场，与原文意思相符。
    本题是细节考查题。题干是：谁是纳斯达克的创始人？选A的依据是第三段第三句："Trading on NASDAQ is initiated by stock brokers acting on behalf of their clients." 纳斯达克的交易是通过代表客户利益的股票经纪人发起的。选项A代表客户利益的股票经纪人，与原文意思相符，是正确答案。
    本题考查考生结合上下文理解多义词意思的能力。题干是：纳斯达克是如何帮助成百上千家公司完成其市值的预期增长，同时也成功地、跨越式地实现公司股权的公众所有？全文的最后一句提到“By providing an efficient environment for raising capital NASDAQ has helped thousands of companies achieve their desired growth and successfully make the leap into public ownership.“通过提供一个有效的融资环境，纳斯达克已经帮助成百上千家公司完成了其市值的预期增长，同时也成功地、跨越式地实现了公司股权的公众所有。所以选项B通过提供一个有效的融资环境是正确答案。

  • 第7题：

    共用题干
    第一篇

    What's NASDAQ?

    NASDAQ is a familiar but strange name for people.We often learn its news via different kinds of media,though quite a lot of people can not tell what exactly it means.
    NASDAQ,short for the National Association of Securities Dealers Automated Quotations system,is one of the largest market in the world for stocks trading. The number of companies in NASDAQ is more than that of the other stock exchange in America,including the New York Stock Exchange(NYSE)and the American Stock Exchange(AMEX).
    Most of the companies listed on NASDAQ are smaller than most of those on the NYSE and AMEX.NASDAQ has become recognized as the home of new technology companies,especially computer and computer-related businesses.Trading on NASDAQ is initiated by stock brokers acting on behalf of their clients.The brokers negotiate with market makers who concentrate on trading specific stocks to reach a price for the stock.
    Different from other stock exchange,NASDAQ has no central location where trading takes place.Instead,its market makers can be found all over the country and make trades by telephone and via the Internet. Since brokers and market makers trade stocks directly instead of on the floor of a stock exchange,NASDAQ is called an over-the-counter market. The term over-the-counter refers to the direct nature of the trading,as in a store where goods are handed over a counter.
    Since its foundation in 1971,the NASDAQ Stock Market has been the innovator. As the world's first electronic stock market,NASDAQ long ago set a precedent for technological trading innovation that is unrivaled.Now poised to become the world's first truly global market,the NASDAQ Stock Market is the market of choice for business industry leaders worldwide.By providing an efficient environment for raising capital NASDAQ has helped thousands of companies achieve their desired growth and successfully make the leap into public ownership.

    Which of the following is stated to be true?
    A:NASDAQ came into being in 1972.
    B:NASDAQ has been ready to become the world's first truly electronic global stock market.
    C:New York Stock Exchange is called an over-the-counter market.
    D:AMEX is the market of choice for business industry leaders worldwide.

    答案：B
    解析：
    本题是主旨概括题。题干是：这篇文章主要告诉我们什么？选D的依据是题目和各段的第一句，其中涉及了纳斯达克的名称、与其他股市的区别以及历史等，所以选项D有关纳斯达克的一般信息是正确答案。
    本题是细节推理题。题干是：从短文中可以推理出以下哪一项？ 选C的依据是最后一段第一句："Since its foundation in 1971, the NASDAQ Stock Market has been the innovator"自1971年成立之日起，纳斯达克股票市场就成了产业的革新者。选项C纳斯达克已经做出了很多对股市的革新，与原文意思相符。
    本题是细节考查题。题干是：以下哪个说法是正确的？ 选B的依据是最后一段第二句："As the world's first electronic stock market..."。选项B纳斯达克已经准备好成为世界上第一个真正的全球电子股票市场，与原文意思相符。
    本题是细节考查题。题干是：谁是纳斯达克的创始人？选A的依据是第三段第三句："Trading on NASDAQ is initiated by stock brokers acting on behalf of their clients." 纳斯达克的交易是通过代表客户利益的股票经纪人发起的。选项A代表客户利益的股票经纪人，与原文意思相符，是正确答案。
    本题考查考生结合上下文理解多义词意思的能力。题干是：纳斯达克是如何帮助成百上千家公司完成其市值的预期增长，同时也成功地、跨越式地实现公司股权的公众所有？全文的最后一句提到“By providing an efficient environment for raising capital NASDAQ has helped thousands of companies achieve their desired growth and successfully make the leap into public ownership.“通过提供一个有效的融资环境，纳斯达克已经帮助成百上千家公司完成了其市值的预期增长，同时也成功地、跨越式地实现了公司股权的公众所有。所以选项B通过提供一个有效的融资环境是正确答案。

  • 第8题：

    The first European stock exchange was established in Antwerp,Belgium(比利时),in 1531.There were no stock exchanges in England until the 1700′s.A man wishing to buy or sell shares of?stock had to find a broker(agents)to transact his business for him.In London,he usually went to a?coffee house,because brokers often gathered there.In 1773,the brokers of London formed a stock?exchange.
    In New York City,brokers met under an old button-wood tree on Wall Street.They organized?the New York Stock Exchange in 17.92.The American Stock Exchange,the second largest in the?United States,was formerly called the Curb Exchange because of its origin on the streets of New?York City.
    A stock exchange is a market place where member brokers buy and sell stocks and bonds(债券)of American and foreign businesses on behalf,of the public.A stock exchange provides a market?place for stocks and bonds in the same way a board of trade does for commodities.The stockbrokers?receive a small commission on each transaction they make.
    The stockholder may sell his stock wherever he wants to unless the corporation has some special?rule to prevent it.Prices of stock change according to general business conditions and the earnings?and future prospects(前景)of the company~If the business is doing well,the stockholder may be?able to sell his stock for a profit.If it is not,he may have to take a loss.

    Which of the statements is true?

    A.The stockholder can sell his stock to anywhere at any time.
    B.There were no stock exchange in England in the 1700's.
    C.The price of stock is not stable.
    D.The stockbrokers do the transaction without charging for the stockholders.

    答案：C
    解析：
    【考情点拨】推理判断题。【应试指导】文章第四段第二句指出，股票价格根据公司的总体情况和收益以及公司未来的发展情况而变化。从而可以判定C正确，即：股票价格不稳定。

  • 第9题：

    The first European stock exchange was established in Antwerp,Belgium(比利时),in 1531.There were no stock exchanges in England until the 1700′s.A man wishing to buy or sell shares of?stock had to find a broker(agents)to transact his business for him.In London,he usually went to a?coffee house,because brokers often gathered there.In 1773,the brokers of London formed a stock?exchange.
    In New York City,brokers met under an old button-wood tree on Wall Street.They organized?the New York Stock Exchange in 17.92.The American Stock Exchange,the second largest in the?United States,was formerly called the Curb Exchange because of its origin on the streets of New?York City.
    A stock exchange is a market place where member brokers buy and sell stocks and bonds(债券)of American and foreign businesses on behalf,of the public.A stock exchange provides a market?place for stocks and bonds in the same way a board of trade does for commodities.The stockbrokers?receive a small commission on each transaction they make.
    The stockholder may sell his stock wherever he wants to unless the corporation has some special?rule to prevent it.Prices of stock change according to general business conditions and the earnings?and future prospects(前景)of the company~If the business is doing well,the stockholder may be?able to sell his stock for a profit.If it is not,he may have to take a loss.

    The passage is mainly about__

    A.the Wall Street
    B.the stock exchange
    C.the stock
    D.the stockholder and stockbroker

    答案：B
    解析：
    【考情点拨】主旨大意题。【应试指导】文章主要讲的是股票市场的形成和发展状况，所以B为正确答案。

  • 第10题：

    单选题
    The passage mainly wants to tell us ______.
    A

    how to buy or sell shares

    B

    ABC of stock markets

    C

    the stock market is like gambling

    D

    investing money in the stock market is not the safest way


    正确答案： C
    解析：
    主旨大意题。纵观全文，本文讲解了一些股票的基本知识，如什么是股票，股票的性质以及投资股票的人等，即股票的一些常识。ABC of表示某个领域的基本知识。因此B选项正确。

  • 第11题：

    单选题
    Tom’s mother tried hard to persuade him to ______ from his intention to invest his savings in stock market.
    A

    pull out

    B

    give up

    C

    draw in

    D

    back down


    正确答案： C
    解析：
    句意：汤姆的母亲极力劝说他放弃把积蓄投资股票市场的打算。back down放弃。pull out of 退出，撤离。give up放弃。draw in 到站。

  • 第12题：

    单选题
    If you are a good investor, ______ in the stock market.
    A

    you can always make money

    B

    you can tell exactly when the stock goes up or down

    C

    you may sometimes lose money

    D

    your gambling is always safe


    正确答案： C
    解析：
    根据第三段中No one call tell exactly whether the shares will be doing well.即“没人知道股票会怎样发展。”可排除B选项。由最后一段中的No wonder going to the stock market is often compared to gambling.即“难怪去股市经常被比作赌博。”可排除A、D选项。因此C选项正确。

  • 第13题：

    听力原文：The foreign exchange market operates much like other financial markets, but isn't located in a specific place like a stock exchange.

    (9)

    A．The foreign exchange market operates like other financial markets in every respect.

    B．The foreign exchange market has a specific place like a stock exchange.

    C．There's no physical market place such as stock exchanges for the foreign exchange transactions.

    D．The foreign exchange market operates quite differently since the former has no physical market place.


    正确答案：C
    解析：单句意思为“外汇市场和其他金融市场运行很相似，但是和股票市场不同的是，它没有特定的交易场所。”

  • 第14题：

    The primary purpose of a stock split is to ( )

    A. increase paid-in capital

    B. reduce the market price of the stock per share

    C. increase the market price of the stock per share

    D. increase retained earnings


    正确答案：B

  • 第15题：

    Investment Tips

    By Scott Russell

    Investing in stocks that are less than $5 per share is a good way to boost your stock portfolio. Many big investors ignore these stocks because of the potential risks involved, however, these stocks often grow significantly over the course of time. Investing in inexpensive stocks is a wise move, provided that you hold on to them for at least one year to allow enough time for them to develop.

    Four stocks that I suggest for less than $5 per share are High Standard Pharmaceuticals Company, Nova Oil, Inc., Direct Access Publishing Group, and Peak Media Holdings. If you are new to the market, you might want to try investing in them through an online brokerage firm that does not charge a high commission for their services, and remember: only invest up to five percent of your entire stock portfolio in any stock, including these.
    ------------------------------------------------------------------------------------------------------------------------------
    Quick Stock Quotes -- Thursday April 22 -- 2:40 P.M.
    (Quotes delayed by 20 minutes)
    Nova Oil, Inc. (NOI)
    3.93 +0.08 +2.08%

    Previous Close 3.85
    Open 3.87
    High 3.94
    Low 3.79
    Volume 864,300
    Bid 3.91
    Bid Size 600
    Ask 3.97
    Ask Size 3,300
    52 Week range 1.64-8.90
    At what price did the company's stock close on the previous day?

    A. $3.79 per share

    B. $3.85 per share

    C. $3.91 per share

    D. $3.93 per share

    答案：B
    解析：

  • 第16题：

    Investment Tips

    By Scott Russell

    Investing in stocks that are less than $5 per share is a good way to boost your stock portfolio. Many big investors ignore these stocks because of the potential risks involved, however, these stocks often grow significantly over the course of time. Investing in inexpensive stocks is a wise move, provided that you hold on to them for at least one year to allow enough time for them to develop.

    Four stocks that I suggest for less than $5 per share are High Standard Pharmaceuticals Company, Nova Oil, Inc., Direct Access Publishing Group, and Peak Media Holdings. If you are new to the market, you might want to try investing in them through an online brokerage firm that does not charge a high commission for their services, and remember: only invest up to five percent of your entire stock portfolio in any stock, including these.
    ------------------------------------------------------------------------------------------------------------------------------
    Quick Stock Quotes -- Thursday April 22 -- 2:40 P.M.
    (Quotes delayed by 20 minutes)
    Nova Oil, Inc. (NOI)
    3.93 +0.08 +2.08%

    Previous Close 3.85
    Open 3.87
    High 3.94
    Low 3.79
    Volume 864,300
    Bid 3.91
    Bid Size 600
    Ask 3.97
    Ask Size 3,300
    52 Week range 1.64-8.90
    What investment strategy does Mr. Russell NOT suggest in the article?

    A. Investing in more than one stock at once

    B. Investing through an online brokerage firm

    C. Investing in the stock for at least one year

    D. Investing up to five percent of a stock portfolio.

    答案：A
    解析：

  • 第17题：

    共用题干
    第一篇

    What's NASDAQ?

    NASDAQ is a familiar but strange name for people.We often learn its news via different kinds of media,though quite a lot of people can not tell what exactly it means.
    NASDAQ,short for the National Association of Securities Dealers Automated Quotations system,is one of the largest market in the world for stocks trading. The number of companies in NASDAQ is more than that of the other stock exchange in America,including the New York Stock Exchange(NYSE)and the American Stock Exchange(AMEX).
    Most of the companies listed on NASDAQ are smaller than most of those on the NYSE and AMEX.NASDAQ has become recognized as the home of new technology companies,especially computer and computer-related businesses.Trading on NASDAQ is initiated by stock brokers acting on behalf of their clients.The brokers negotiate with market makers who concentrate on trading specific stocks to reach a price for the stock.
    Different from other stock exchange,NASDAQ has no central location where trading takes place.Instead,its market makers can be found all over the country and make trades by telephone and via the Internet. Since brokers and market makers trade stocks directly instead of on the floor of a stock exchange,NASDAQ is called an over-the-counter market. The term over-the-counter refers to the direct nature of the trading,as in a store where goods are handed over a counter.
    Since its foundation in 1971,the NASDAQ Stock Market has been the innovator. As the world's first electronic stock market,NASDAQ long ago set a precedent for technological trading innovation that is unrivaled.Now poised to become the world's first truly global market,the NASDAQ Stock Market is the market of choice for business industry leaders worldwide.By providing an efficient environment for raising capital NASDAQ has helped thousands of companies achieve their desired growth and successfully make the leap into public ownership.

    Who started NASDAQ?
    A:By stock brokers acting representing their clients.
    B:By market makers who concentrate on trading specific stocks to reach a price for the stock.
    C:By business industry leaders worldwide.
    D:By companies listed on NASDAQ.

    答案：A
    解析：
    本题是主旨概括题。题干是：这篇文章主要告诉我们什么？选D的依据是题目和各段的第一句，其中涉及了纳斯达克的名称、与其他股市的区别以及历史等，所以选项D有关纳斯达克的一般信息是正确答案。
    本题是细节推理题。题干是：从短文中可以推理出以下哪一项？ 选C的依据是最后一段第一句："Since its foundation in 1971, the NASDAQ Stock Market has been the innovator"自1971年成立之日起，纳斯达克股票市场就成了产业的革新者。选项C纳斯达克已经做出了很多对股市的革新，与原文意思相符。
    本题是细节考查题。题干是：以下哪个说法是正确的？ 选B的依据是最后一段第二句："As the world's first electronic stock market..."。选项B纳斯达克已经准备好成为世界上第一个真正的全球电子股票市场，与原文意思相符。
    本题是细节考查题。题干是：谁是纳斯达克的创始人？选A的依据是第三段第三句："Trading on NASDAQ is initiated by stock brokers acting on behalf of their clients." 纳斯达克的交易是通过代表客户利益的股票经纪人发起的。选项A代表客户利益的股票经纪人，与原文意思相符，是正确答案。
    本题考查考生结合上下文理解多义词意思的能力。题干是：纳斯达克是如何帮助成百上千家公司完成其市值的预期增长，同时也成功地、跨越式地实现公司股权的公众所有？全文的最后一句提到“By providing an efficient environment for raising capital NASDAQ has helped thousands of companies achieve their desired growth and successfully make the leap into public ownership.“通过提供一个有效的融资环境，纳斯达克已经帮助成百上千家公司完成了其市值的预期增长，同时也成功地、跨越式地实现了公司股权的公众所有。所以选项B通过提供一个有效的融资环境是正确答案。

  • 第18题：

    共用题干
    第一篇

    What's NASDAQ?

    NASDAQ is a familiar but strange name for people.We often learn its news via different kinds of media,though quite a lot of people can not tell what exactly it means.
    NASDAQ,short for the National Association of Securities Dealers Automated Quotations system,is one of the largest market in the world for stocks trading. The number of companies in NASDAQ is more than that of the other stock exchange in America,including the New York Stock Exchange(NYSE)and the American Stock Exchange(AMEX).
    Most of the companies listed on NASDAQ are smaller than most of those on the NYSE and AMEX.NASDAQ has become recognized as the home of new technology companies,especially computer and computer-related businesses.Trading on NASDAQ is initiated by stock brokers acting on behalf of their clients.The brokers negotiate with market makers who concentrate on trading specific stocks to reach a price for the stock.
    Different from other stock exchange,NASDAQ has no central location where trading takes place.Instead,its market makers can be found all over the country and make trades by telephone and via the Internet. Since brokers and market makers trade stocks directly instead of on the floor of a stock exchange,NASDAQ is called an over-the-counter market. The term over-the-counter refers to the direct nature of the trading,as in a store where goods are handed over a counter.
    Since its foundation in 1971,the NASDAQ Stock Market has been the innovator. As the world's first electronic stock market,NASDAQ long ago set a precedent for technological trading innovation that is unrivaled.Now poised to become the world's first truly global market,the NASDAQ Stock Market is the market of choice for business industry leaders worldwide.By providing an efficient environment for raising capital NASDAQ has helped thousands of companies achieve their desired growth and successfully make the leap into public ownership.

    How NASDAQ help thousands of companies achieve their desired growth and successfully make the leap into public ownership?
    A:the environment where someone get to know something.
    B:By providing an efficient environment for raising capital.
    C:By setting a precedent for technological trading innovation that is unrivaled.
    D:By concentrate on trading specific stocks to reach a price for the stock.

    答案：B
    解析：
    本题是主旨概括题。题干是：这篇文章主要告诉我们什么？选D的依据是题目和各段的第一句，其中涉及了纳斯达克的名称、与其他股市的区别以及历史等，所以选项D有关纳斯达克的一般信息是正确答案。
    本题是细节推理题。题干是：从短文中可以推理出以下哪一项？ 选C的依据是最后一段第一句："Since its foundation in 1971, the NASDAQ Stock Market has been the innovator"自1971年成立之日起，纳斯达克股票市场就成了产业的革新者。选项C纳斯达克已经做出了很多对股市的革新，与原文意思相符。
    本题是细节考查题。题干是：以下哪个说法是正确的？ 选B的依据是最后一段第二句："As the world's first electronic stock market..."。选项B纳斯达克已经准备好成为世界上第一个真正的全球电子股票市场，与原文意思相符。
    本题是细节考查题。题干是：谁是纳斯达克的创始人？选A的依据是第三段第三句："Trading on NASDAQ is initiated by stock brokers acting on behalf of their clients." 纳斯达克的交易是通过代表客户利益的股票经纪人发起的。选项A代表客户利益的股票经纪人，与原文意思相符，是正确答案。
    本题考查考生结合上下文理解多义词意思的能力。题干是：纳斯达克是如何帮助成百上千家公司完成其市值的预期增长，同时也成功地、跨越式地实现公司股权的公众所有？全文的最后一句提到“By providing an efficient environment for raising capital NASDAQ has helped thousands of companies achieve their desired growth and successfully make the leap into public ownership.“通过提供一个有效的融资环境，纳斯达克已经帮助成百上千家公司完成了其市值的预期增长，同时也成功地、跨越式地实现了公司股权的公众所有。所以选项B通过提供一个有效的融资环境是正确答案。

  • 第19题：

    The first European stock exchange was established in Antwerp,Belgium(比利时),in 1531.There were no stock exchanges in England until the 1700′s.A man wishing to buy or sell shares of?stock had to find a broker(agents)to transact his business for him.In London,he usually went to a?coffee house,because brokers often gathered there.In 1773,the brokers of London formed a stock?exchange.
    In New York City,brokers met under an old button-wood tree on Wall Street.They organized?the New York Stock Exchange in 17.92.The American Stock Exchange,the second largest in the?United States,was formerly called the Curb Exchange because of its origin on the streets of New?York City.
    A stock exchange is a market place where member brokers buy and sell stocks and bonds(债券)of American and foreign businesses on behalf,of the public.A stock exchange provides a market?place for stocks and bonds in the same way a board of trade does for commodities.The stockbrokers?receive a small commission on each transaction they make.
    The stockholder may sell his stock wherever he wants to unless the corporation has some special?rule to prevent it.Prices of stock change according to general business conditions and the earnings?and future prospects(前景)of the company~If the business is doing well,the stockholder may be?able to sell his stock for a profit.If it is not,he may have to take a loss.

    In the 1600′S,if a man wanted to buy or sell shares of stock,he had to do it through

    A.the government
    B.himself
    C.a broker
    D.the stock exchange

    答案：C
    解析：
    【考情点拨】事实细节题。【应试指导】文章第一段第三句指出，如果（在18世纪以前）有人想买卖股票就必须通过经纪人（代理人）替他交易。

  • 第20题：

    The first European stock exchange was established in Antwerp,Belgium(比利时),in 1531.There were no stock exchanges in England until the 1700′s.A man wishing to buy or sell shares of?stock had to find a broker(agents)to transact his business for him.In London,he usually went to a?coffee house,because brokers often gathered there.In 1773,the brokers of London formed a stock?exchange.
    In New York City,brokers met under an old button-wood tree on Wall Street.They organized?the New York Stock Exchange in 17.92.The American Stock Exchange,the second largest in the?United States,was formerly called the Curb Exchange because of its origin on the streets of New?York City.
    A stock exchange is a market place where member brokers buy and sell stocks and bonds(债券)of American and foreign businesses on behalf,of the public.A stock exchange provides a market?place for stocks and bonds in the same way a board of trade does for commodities.The stockbrokers?receive a small commission on each transaction they make.
    The stockholder may sell his stock wherever he wants to unless the corporation has some special?rule to prevent it.Prices of stock change according to general business conditions and the earnings?and future prospects(前景)of the company~If the business is doing well,the stockholder may be?able to sell his stock for a profit.If it is not,he may have to take a loss.

    The second largest stock exchange in the U.S.used to be,called__________

    A.the Wall Street Exchange
    B.the New York Stock Exchange
    C.the Curb Exchange
    D.the U.S.Exchange

    答案：C
    解析：
    【考情点拨】事实细节题【应试指导】文章第二段第三句指出，美国股票市场．是美国第二大市场，因其发起地点在纽约市的街道上而曾被称为Curb Exchange。

  • 第21题：

    Stock market 股票市场


    正确答案: 进行普通股票交易的有组织的市场。在美国，最大的股票市场是纽约股票交易所（New York Stock
    Exchange），美国大公司的股票交易都在那里进行。

  • 第22题：

    单选题
    （） are mounted in pairs to protect the boiler against overpressure.
    A

    Safety valves

    B

    Water tubes

    C

    Steam stop valves

    D

    Blow down valves


    正确答案： C
    解析： 暂无解析

  • 第23题：

    单选题
    When mentioning “the ongoing stock market on Wall Street”, the writer ______.
    A

    is calling attention to the privileges to which baby-boomers are entitled

    B

    is calling for the government to take countermeasures against labor shortage

    C

    is refuting a notion about experienced workers ‘early retirement

    D

    is justifying the ineffectiveness of federal tax and benefit policies


    正确答案： A
    解析：
    细节理解题。答案出自第四段，本段先指出提议:…they disagree with the popular proposal that much older Americans will have to work because Social Security will not support them and that baby boomers are not saving enough for retirement，然后讲出不同意该提议的理由：…the ongoing stock market on Wall Street, and the likelihood of large inheritances, there is evidence that baby boomers will reach age 65 with greater financial assets than previous generations.

相关内容