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

location of a member or member organization; the Exchange will not approve the use of a portable telephone on the Floor... In financial markets, they call it 'the Greenspan ...' — a beli

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