Business English Lesson – Advanced Level''''s archiveMoney System potx

Business English Lesson – Advanced Level's archive Money System 1.. money system, money is not backed by a physical commodity like gold; instead, the only thing that gives the money val

Business English Lesson – Advanced Level's archive

Money System

1 In a money system, money is not backed by a

physical commodity like gold; instead, the only thing that

gives the money value is its relative scarcity and the faith

placed in it by the people that use it

barter

fiat

paper

tender

2 The U S federal securities laws require publicly traded

companies to disclose information on an ongoing basis;

the annual report on Form provides a

comprehensive overview of the company's business and

financial condition and includes audited financial

statements

8-K

8-Q

10-K

10-Q

3 Germany's Heidelberg Cement has attempted to shut

out any rivals for its 8 billion takeover of Hanson by

mounting a raid that increased its controlling stake

to more than 29 per cent; traders at Deutsche Bank spent

1.4 billion buying 125.63 million Hanson shares in the

open market at 1,100p

dawn

dusk

midnight

night

4 We are selling the A model, which cost us under

$20,000 apiece, to the Saudis for B model prices, about

$46,000 apiece, in order to develop the C model; this type

of back financing avoids the Congressional

authorization process and provides the Pentagon with an

additional source of revenue

door

hand

lot

room

5 Suppose the interest cost on ICICI's DDB is 15 per cent;

a non-refunding provision would prevent ICICI from

offering new bonds at an interest rate of less than 15 per

cent and using the proceeds to redeem the DDBs, and

thus helps investors lower their risk

call

flow

short

term

6 Out of the three major American stock exchanges,

is known to have the most liberal policies

concerning company listing, as most of its companies are

generally smaller; it also specialises in the trading of ETFs

and hybrid/structured securities

AMEX

CME

NASDAQ

NYSE

7 A -coupon bond is a bond whose coupon rate

equals going market rates and consequently sells at or

near par

current

full

set

zero

8 is very closely related to operating profit and often

the same; it may include some profits or losses that are

excluded from operating profit

EBIT

EBT

GI

NI

9 Technically speaking, amounts to the

characterization of an expense as having been necessary

to the production of a product or delivery of a service; in

other words, of all the expenses your business will incur in

a given month, some of those expenses will go into this

category and some will stay in the category of normal

operating expenses

(a)

COGS

FICO

FIFO

10 Typically, an investment banking nowadays

provides world-wide, either in divisions of the bank or in

associated companies, corporate finance and advisory

work, normally in connection with new issues of securities

for raising finance, take-overs, mergers and acquisitions

co-op

group

syndicate

venture