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Business English Exercises
 

Virtual Economy

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Home > Teaching Business English > Business English Lessons, Advanced Level # 410
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virtual economy question 1
According to current US tax law, if an individual acquires $ income from a transaction in a virtual economy, a problem may arise as to whether tax is owing on this real-world income; however, if the transaction occurs wholly within the virtual economy, there is no taxable ..........


virtual economy, answer 1 virtual economy, insurance vocabulary actuarial, suitability, remics, inflection, act vs deed vs event vs fact

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virtual economy question 2
A best effort offering would probably fail if negative valuation information appeared between filing and offering, because its filing-date price would be too high; on the other hand, a ......... commitment offering might be successful if the issuer is willing to lower the price.


virtual economy, answer 2 investor relations terms nonlegal, jointly, listed, waiting, corporate vs firm vs legal vs strong

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 what does this idiom mean: to go to pieces? Ask a Teacher
virtual economy question 3
It is sometimes difficult to distinguish cost-push and demand-pull inflation, which is made worse by the fact that they can interact to cause a wage-price .........: employees want compensation for higher prices, because they do not want their purchasing power to drop.


virtual economy, answer 3 banking term list direct, taxable, straddle, secured, confidentiality, spinoff vs spiral vs stalemate

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virtual economy question 4
When we were young and poor, nothing made us angrier than the rich people who paid no income taxes; we were not alone, and that frustration led to the inception of the ......... minimum tax, designed to keep the wealthy from living tax-free.


virtual economy, answer 4 currency vocab balanced, irredeemable, actuarial, digits, merchant, absolute vs alternative vs bare vs basic

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virtual economy question 5
Some businesses make goods, others provide a service, and still others distribute goods; the second line of a Profit and Loss Statement is called ........., which tells us how much money was spent doing whatever it is that the company does.


virtual economy, answer 5 law estate terms outstripping, gazumping, bottleneck, balmier, cost of goods available for sale vs cost of goods

 what does this idiom mean: to go to pieces? Ask a Teacher
virtual economy question 6
The ......... National Mortgage Association was created under Franklin D. Roosevelt in 1938, when millions of American families were unable to become homeowners or risked losing their houses through the lack of a consistent source of mortgage funds.


virtual economy, answer 6 virtual economy, ipos terminology end-to-end, plimsoll, disparate, manipulation, zealous, chartered vs federal

 what does this idiom mean: to go to pieces? Ask a Teacher
virtual economy question 7
A strategic ......... point is a critical juncture in the development of a business, when something fundamental is on the verge of change; this could mean the opportunity of climbing to new heights, or it could indicate the beginning of the end.


virtual economy, answer 7 brokerages term quagmire, lax, stick, aback, outcry, conversion vs inflection vs reflection vs reversion

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virtual economy question 8
......... appeal to a wider investor base than traditional mortgage-backed securities because of their flexibility in presenting investment opportunities with different risk vs reward levels and different maturity horizons to investors.


virtual economy, answer 8 dividends words siren, hoarding, fall, precipitated, play, rebars vs recaps vs rehabs vs remics

 what does this idiom mean: to go to pieces? Ask a Teacher
virtual economy question 9
The NASD ......... rule states that when a financial representative recommends the purchase, sale or exchange of a security, s/he shall have reasonable grounds for believing that it is appropriate for the investor's needs, based on facts disclosed by the latter in respect to his or her other holdings and financial situation.


virtual economy, answer 9 terms of economy shores, annuity, own, gleaned, teeth, advisability vs compatibility vs feasibility

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virtual economy question 10
......... assumptions examine hiring age in order to extrapolate the number of years of service that the employee will likely work, but the City's formula ensures that late hires will not be able to draw a full benefit from the contributions that they have paid into their pension plan.


virtual economy, answer 10 business vocabulary ex, diligence, firm, capital, pass, actuarial vs demographic vs longevity vs mortality

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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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Insurance vocabulary actuarial, suitability, remics, inflection

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EFL/ESL Links: Cash Flow • Dividends words siren, hoarding, fall, precipitated, play • Cash Flow (Answers) • Real estate words littered, out, ramifications, liquidity, troughs • Data Thievery • Brokerages term quagmire, lax, stick, aback, outcry • Data Thievery (Answers) • Mutual funds terms bartered, far-reaching, onus, malicious, harsh • Rogue Traders • Ipos terminology end-to-end, plimsoll, disparate, manipulation, zealous • Rogue Traders (Answers) • Mergers acquisitions words light, catch, breach, layering, replica • Islamic Financial Staff • Law estate terms outstripping, gazumping, bottleneck, balmier • Islamic Financial Staff (Answers) • Lending credit vocab pool, compliant, novelty, paramount • Foreign Shares • Currency vocab balanced, irredeemable, actuarial, digits, merchant • Foreign Shares (Answers) • List of bonds words american, costing, open market, london • Routing Orders • Banking term list direct, taxable, straddle, secured, confidentiality • Routing Orders (Answers) • Accounting terminology flow, original, prime, class, restricted • Pending Benefits • Investor relations terms nonlegal, jointly, listed, waiting • Pending Benefits (Answers) • Venture capital words ex-all, mutual, trust fund, little • EFL test: Virtual Economy (answers) • Technical analysis words event, firm, spiral, alternative, cost of • ESL Audio Online - English MP3 - English Pronunciation
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