English Language Tests-Intermediate level''''s archive docx

English Language Tests-Intermediate level's archive
Business buzzwords: Phone rules
1. The NYSE will approve the maintenance of such
telephone lines only at the location of a member or
member organization; the Exchange will not approve the
use of a portable telephone on the Floor.

booth
box
cage
carrel
2. In financial markets, they call it 'the Greenspan '
— a belief that if stock or bond prices fall too much, the
FRB will help prop them up with quick interest rate cuts to
pump more cash into the system; but this confidence is a
worrisome legacy after his nearly 18 years helping to steer
the economy.

call
hedge
option
put
3. Mark Mobius, who manages one of the biggest
emerging markets stock mutual funds for FT Investments,
said he has bought shares across the because of
opportunities created by a recent slump in global markets;
Mobius said he bought shares in Taiwan, Turkey, Brazil,
Mexico, Russia and India.

board
border

table
water
4. The Peter Lynch strategy, based on John Reese's
analysis of Lynch's writings, considers SC a true ' '
company, as its earnings growth of 14.71 percent lies
within the moderate 10 percent to 19 percent range and its
annual sales of $129.3 billion are in the multi-billion dollar
level.

solid
stable
stalwart
stolid
5. The yen and the Swiss franc were the big winners, with
both currencies surging as global equities took a
pounding; David Woo at Barclays Capital said the '
to quality' had had a limited impact on risky assets, but
that a sell-off in Asian equities suggested that risk
reduction was becoming more widespread.

flight
return
run
turn
6. The call price is calculated by assigning pre-
determined Government of Canada yield plus a specified
number of basis points to the bond; these issues are at a
higher risk of being retired during a falling interest rate and
when improvements in the issuing company's fiscal
situation lead to a re-evaluation of liabilities.

apocalypse
Armageddon
D-day
doomsday
7. Frederick Mates, whose $32 million Mates Investment
Fund has risen 153% in per-share asset value since the
beginning of 1968, the highest growth rate of any fund, is
the personification of self-confidence: on one wall of his
office, he keeps a framed parody of an old Wall Street
slogan: 'Invest, Then '.

Interest
Investigate
Reinvest
Rest
8. The term 'mortgage roll' covers a variety of
transactions that involve an agreement to transfer a
mortgage pass-through security in exchange for cash,
generally at some future date.

dollar
jelly
sushi
tootsie
9. I do not think it premature to conclude that the entire
financial industry of this country is riddled with fraud; as
Newsweek observed, this is not a case of a few bad
apples, it's the Theory — you see one, you know
there's a whole nest of the disgusting Dictyoptera.

Buzzard
Cockroach
Termite
Vulture
10. Permanent Insiders are prohibited from purchasing or
selling Company securities except as specifically
permitted by this Policy; permanent insiders consist of the
Company's (a) directors, (b) executive officers and (c)
those employees who will be deemed to have ongoing
exposure to insider information because of the
nature of their jobs.

consequential
material
perceptible
substantive