Mid Term Test Esp2
Ho Chi Minh City CampusEnglish Department | English Mid-Term TestTime allotted: 90 minutesDate taken: ………/………../2012 | Instructions to the students: This is a closed book test, the use of dictionaries, cell phones, or any other electronic devices is not allowed. All Test and Answer sheets must be handed in at the end of the test. |
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A. – VOCABULARY & LANGUAGE (80 points)
I.- Tell whether the statements (1–20) are (a) True or (b) False. 1. The price of a futures contract is determined at the moment the contract is made. 2. Hedging is another name for speculating. 3. Futures prices are always higher than spot prices, because they contain interest charges. 4. In options, “call” means “buy” and “put” means “sell”.
II.- Questions 21-50. Choose the correct answer (a, b, c, or d). 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. To be insolvent means (a) unsolved (b) bankrupt (c) irresolvable (d) undue 22. To sell all the possessions of a bankrupt business means (a) auction (b) ask (c) call (d) liquidate 23. A(n) ___ dividend is a regular dividend that is considered to be earned but not declared or payable. (a) accrued (b) provision (c) retained (d) pre-paid
III.- Choose the correct word in the box (A-O) to fill each gap in the passage below (51–65). A. arbitrage B. eliminating C. fiduciary D. inject E. lightly F. long G. opportune H. other I. spate J. stocks K. swings L. unconventional M. under N. who O. worth |
A hedge fund is a fund that sells some (51)_______ short, and buys (52)_______ stocks (53)_______; with this technique, the overall value of buying and selling balances out, thereby (54)_______ heavy losses due to large market
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A. – VOCABULARY & LANGUAGE (80 points)
I.- Tell whether the statements (1–20) are (a) True or (b) False. 1. The price of a futures contract is determined at the moment the contract is made. 2. Hedging is another name for speculating. 3. Futures prices are always higher than spot prices, because they contain interest charges. 4. In options, “call” means “buy” and “put” means “sell”.
II.- Questions 21-50. Choose the correct answer (a, b, c, or d). 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. To be insolvent means (a) unsolved (b) bankrupt (c) irresolvable (d) undue 22. To sell all the possessions of a bankrupt business means (a) auction (b) ask (c) call (d) liquidate 23. A(n) ___ dividend is a regular dividend that is considered to be earned but not declared or payable. (a) accrued (b) provision (c) retained (d) pre-paid
III.- Choose the correct word in the box (A-O) to fill each gap in the passage below (51–65). A. arbitrage B. eliminating C. fiduciary D. inject E. lightly F. long G. opportune H. other I. spate J. stocks K. swings L. unconventional M. under N. who O. worth |
A hedge fund is a fund that sells some (51)_______ short, and buys (52)_______ stocks (53)_______; with this technique, the overall value of buying and selling balances out, thereby (54)_______ heavy losses due to large market