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Business English Exercises
 

Underwritten by Lloyds

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Home > Teaching Business English > Business English Lessons, Advanced Level # 283
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The Apex Fidelity Bond is targeted specifically for employees with a criminal record and is underwritten by Lloyds; this policy can only be taken out by employers on behalf of a named employee within a specific post.

Correct answer: (a) Fidelity

Meaning of "Fidelity"
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'Descending tops' describes a chart pattern where each new high price for a security is lower than the former high price; in other words, from the stock's high price, it falls and then rises, but the price never reaches the stock's previous high price.

Correct answer: (d) tops

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After unexpectedly strong demand, makers of everything from laptops to cell phones are paying more for key parts; this industry hiccup isn't likely to dampen the tech recovery — overall, prices of computers continue to decline, albeit at a slower pace than usual.

Correct answer: (c) hiccup

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Entities with securities exercisable or convertible into common shares have a complex capital structure and must present basic and diluted earnings per share amounts, according to the FASB.

Correct answer: (a) complex

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Generally, an investment company is a company (corporation, business trust, partnership, or limited liability company) that issues securities and is primarily engaged in the business of investing in securities; its performance will be based on (but it won't be identical to) the performance of the securities and other assets that the company owns.

Correct answer: (c) an investment

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CHICAGO (Dow Jones) — Chicago Board of Trade corn futures settled limit down Tuesday in several nearby months, plunging near midday as forecasts predicting rain for the eastern U.S. Midwest this weekend pushed prices sharply lower, analysts said.

Correct answer: (c) limit

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The need to understand and measure the determinants of market maker bid/ask spreads is crucial in evaluating the merits of competing market structures and the fairness of market maker rents.

Correct answer: (d) spreads

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Mortgage rates are still near historical lows — you can refinance into a 30-year mortgage for under 7% at the moment.

Correct answer: (d) rates

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A non-interest-bearing note is issued at a discount to its face value and requires the maker to pay the face value of the note at maturity; to the payee (lender) the note is a note receivable and to the maker the note is a note payable.

Correct answer: (a) bearing

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An option account is a type of brokerage account that allows you to trade puts and calls; to open this type of account, your broker will require you to sign a statement that you understand and acknowledge the risks associated with derivative instruments.

Correct answer: (c) An option

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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
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