听力期末考资料

Quiz010

1.A

A. Buy shares when prices are comparatively low.

B. Buy shares while they are rising.

C. Start buying shares as quickly as possible.

D. Buy a million shares of a high-tech stock.

2. C

A. A depression is approaching.

B. The stock market may crash.

C. The stock market is stable.

D. The stock market is rising fast. 3. D

A. He believes in the importance of getting secret information.

B. He believes it is time to buy online stocks.

C. He agrees with the woman.

D. He disagrees with the woman.

4. B

A. Many high-tech companies have been launched.

B. Many high-tech companies have been delisted.

C. One should buy stocks listed on the Nasdaq.

D. One should buy stocks listed on the Dow.

(一)Just like an ** individual **. , a mutual fund can also buy or sell shares of a company's stock. A mutual fund is a group of stocks and bonds that is ** owned ** by a group of people. A financial company is in charge of the mutual fund, which is ** managed ** by one or more portfolio managers. The people who**invest **in mutual funds are also known as shareholders because a unit of **ownership** in a mutual fund is called a share. A mutual fund uses the cash invested by its **shareholders** to purchase stocks, or in some case, bonds. The fund's shareholders are indirect**investors** in that portfolio of stocks or bonds. Since a mutual fund may contain the stocks of many companies in its portfolio, **shareholders are often able to own a greater and more diverse number of stocks than if they invested directly in the stock market**

Most mutual funds are open-end funds. This means that at the end of every day, **the investment management company sponsoring the fund issues new shares to investors and buys back shares from investors wishing to leave the fund** A mutual fund can also be a closed-end fund. The sponsor of a closed-end fund registers and issues a fixed number of shares at the initial offering, similar to a common stock. Investors then can buy or sell these shares through a stock exchange. **The sponsor does not buy back or issue shares after a closed-end fund is launched, so the investor must trade them through a broker **

（二）Ed lived in my **dormitory** He was the genius type with bad **eyesight** and glasses as thick as the **bottoms**of coke bottles. He never went to class, but he **got A's** on every test. He just sat in his room and studied **the stock market** And he always had **plenty of money**

In my senior year, I realized I'd need to go out and **make money** I kept thinking about Ed. He was simply going to **stay ** home with his ** c omputer** and make money **on the market** That, I decided, was **the life for me** So I asked him, "Ed, Just tell me how I can**end up with** one million dollars in the stock market." He peered (凝视) over the top of those**thick glasses** and said, "Start with**two million dollars **

1. Which of the following would be the best title for the passage? D

A. Results of the wrongdoing by dishonest companies.

B. The worst American stock market since 1987.

C. The necessity of government inspection of companies’financial reporting.

D. Reasons for the declining US stock market.

2. How did the Dow Jones index behave this week? A

A. It had one of the largest gains.

B. It remained stable.

C. It dropped just a little.

D. It fell sharply.

3. How many companies are mentioned as giving false financial reports? C

A. One.

B. Two.

C. Three.

D. Four.

4. What is the government doing regarding to the false reporting? B

A. Dismissing officials involved in false financial reports.

B. Investigating the financial activities of some big companies.

C. Delisting some big companies from the stock market.

D. Drawing up laws to punish the wrongdoing of some companies.

5. According to the passage, what has caused the declining stock market? C

A. Wrongdoing by American companies.

B. Excessive investment in telecommunications.

C. Both A) and B).

D. Neither A) nor B).

1. The man says he does not speak Greek. F

2. The main building of the New York Stock exchange is located on Fifth Avenue. F

3. Neither Intel nor Microsoft is listed on the New York Exchange. T

4. New York Exchange trades always involve face-to-face communication, never virtual exchanges. T

5. After hearing what the woman says, the man can now write a good term paper. F