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Business English Exercises
 

Routing Orders

Answers to test questions and links to explanations

Home > Teaching Business English > Business English Lessons, Advanced Level # 413
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routing orders answer 1
To attract brokers' orders, some exchanges pay a broker for routing orders through them; this is called 'payment for order flow', and is one of the ways in which a broker can make money from executing a trade.

Correct answer: (b) flow

Meaning of business term flow
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routing orders, question 1 routing orders, accounting terminology flow, original, prime, class, restricted, what does flow mean?

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routing orders answer 2
At the end of March, before Tanaka Inc closes its books, all transactions recorded in the Books of Original Entry (that is, the Sales Day book and the Cash book) are added up and then posted to the General Ledger via journal entries in the General Journals.

Correct answer: (c) Original

Meaning of business term Original
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routing orders, question 2 lending credit vocab pool, compliant, novelty, paramount, what does original mean?

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routing orders answer 3
Hedge funds generally use prime brokers for borrowing money, executing trades and other services, while larger funds use multiple brokers.

Correct answer: (c) prime

Meaning of business term prime
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routing orders, question 3 mergers acquisitions words light, catch, breach, layering, replica, what does prime mean?

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routing orders answer 4
Arizona resident Bernard Jones filed a class-action lawsuit against Apple, alleging that the iPhone maker violated Arizona's antitrust laws; the suit was filed by Shyster C. Deadlock, the lawyer who has been seeking plaintiffs for this case, on behalf of Jones.

Correct answer: (a) class

Meaning of business term class
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routing orders, question 4 mutual funds terms bartered, far-reaching, onus, malicious, harsh, what does class mean?

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routing orders answer 5
When restricted securities are acquired, the holder must find an exemption from the Securities and Exchange Commission's registration requirements in order to sell them in the marketplace; Rule 144 permits public resale only if certain conditions are met.

Correct answer: (b) restricted

Meaning of business term restricted
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routing orders, question 5 real estate words littered, out, ramifications, liquidity, troughs, what does restricted mean?

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routing orders answer 6
An important part of a confidentiality agreement is the description of the information; the disclosing party is often reluctant to describe this in detail in the contract, fearing that some may be revealed in the contract itself.

Correct answer: (b) a confidentiality

Meaning of business term a confidentiality
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routing orders, question 6 routing orders, taxes terms dispel, ward, confiscate, by, robust, what does a confidentiality mean?

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routing orders answer 7
The size of the savings deposit required for a secured credit card can vary from a few hundred dollars to several thousand; the line of credit is a percentage of the deposit, and application and processing fees may also have to be paid.

Correct answer: (c) secured

Meaning of business term secured
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routing orders, question 7 retirement words borrowed, restricted, classified, offering, what does secured mean?

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routing orders answer 8
Purchasing an index straddle combines the benefits of an index put and an index call purchase, and leveraged potential profits can be considerable if there is a big up or down movement of the underlying index.

Correct answer: (b) straddle

Meaning of business term straddle
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routing orders, question 8 terms of stock in, imbalance, information, balloon, what does straddle mean?

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routing orders answer 9
The taxable wage base is the total for which the company must pay taxes on behalf of every employee; excess wages are also reported, but they are subtracted from the employee's total wages.

Correct answer: (d) taxable

Meaning of business term taxable
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routing orders, question 9 taxes terms prime, consumption, secured, tear, direct, what does taxable mean?

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routing orders answer 10
A Direct Participation Program is an investment venture which is designed to pass income and tax losses of the underlying investments through to investors; however, its use as a tax shelter has been egregiously lessened by tax legislation.

Correct answer: (b) Direct

Meaning of business term Direct
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routing orders, question 10 technical analysis words council, process, london, what does direct mean? what is the definition for direct?

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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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EFL/ESL Links: The Uniform Commercial CodeFinancial words perfect, actuary, nonmember, marriedThe Uniform Commercial Code (Answers)Terms of stock in, imbalance, information, balloonWall Street PlungeBusiness vocabulary ex, diligence, firm, capital, passWall Street Plunge (Answers)Retirement words borrowed, restricted, classified, offeringThe Cayman IslandsTerms of economy shores, annuity, own, gleaned, teethThe Cayman Islands (Answers)Taxes terms dispel, ward, confiscate, by, robustCash FlowDividends words siren, hoarding, fall, precipitated, playCash Flow (Answers)Real estate words littered, out, ramifications, liquidity, troughsData ThieveryBrokerages term quagmire, lax, stick, aback, outcryData Thievery (Answers)Mutual funds terms bartered, far-reaching, onus, malicious, harshRogue TradersIpos terminology end-to-end, plimsoll, disparate, manipulation, zealousRogue Traders (Answers)Mergers acquisitions words light, catch, breach, layering, replicaIslamic Financial StaffLaw estate terms outstripping, gazumping, bottleneck, balmierIslamic Financial Staff (Answers)Lending credit vocab pool, compliant, novelty, paramountESL test: Routing Orders • Banking term list direct, taxable, straddle, secured, confidentialityESL Audio Online - English MP3 - English Pronunciation
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