English Language Tests-Intermediate level''''s archiveCanada’s Monetary Policy pot

won final approval from shareholders, industry experts were speculating on possible acquisitions ahead for the new juggernaut of the financial exchange industry.. market exists wherever

English Language Tests-Intermediate level's archive

Canada’s Monetary Policy

1 CHICAGO, July 10, 2007 — Even before the Chicago

Mercantile Exchange's $11.9 billion purchase of the

crosstown won final approval from shareholders,

industry experts were speculating on possible acquisitions

ahead for the new juggernaut of the financial exchange

industry

Board of Trade

Ebix.com Inc

GATX Corp

2 The market exists wherever one currency is

traded for another; by far the largest financial market in the

world, it includes trading between large banks, central

banks, currency speculators, multinational corporations,

governments, and other financial markets and institutions

denomination

forex

overnight

specie

3 Managers' power to influence bids can be strong if they

act in concert, threatening a hostile bidder with a mass

exodus (the ' defense'); faced with a mass exodus of

management, acquirers may be unwilling to proceed with

the bid, because they often need existing management to

train new management

Dead Hand

Jonestown

Parachute

4 STONE HARBOR- A referendum election for a bond

appropriating millions of dollars for various

improvements in the borough overturned the proposal

June 26: of the 819 registered voters, 497 turned out to

vote

bylaw

ordinance

regulation

statute

5 The Pension Benefit Guaranty protects the

retirement incomes of nearly 44 million American workers

in 30,330 private-sector defined benefit pension plans; it

was created by the Employee Retirement Income Security

Act of 1974

Association

Bank

Fund

6 A Section 457 compensation plan for employees

of state and federal governments and agencies is similar

to a 401(k) plan, except there are never employer

matching contributions and the IRS does not consider it a

qualified retirement plan

deferred

delayed

disciplined

distended

7 The annual statement is a yearly statement to

borrowers that details the remaining principal and amounts

paid for taxes and interest

balance

indebtedness

loan

mortgagor

facto prohibited short sales at a price lower than the

previous sale; that is, short sales could not be executed on

downbeats

downgrades

downticks

downtimes

9 US tax is deducted from our payroll in order to

cover a portion of our retirement income when we reach

age 65, but also as a survivor benefit, should we become

disabled or die as a result of work — in which case the

surviving spouse and children would receive a monthly

income supplement

Health and Welfare

Health Insurance

Social Security

Social Welfare

10 preferred stock contains a provision that allows

the corporation to buy back and retire the preferred stock

stockholders have no choice but to resell the stock to the

corporation when it exercises this provision

Callable

Convertible

Reconcilable

Revertible