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1.
(Listen to the audio recording for the question.)
A. Buy shares when prices are comparatively low.
B. Buy shares while they are rising.
C. Start buying shares as quickly as possible.
D. Buy a million shares of a high-tech stock.
?
Your answer
Correct answer
A
A
2.
(Listen to the audio recording for the question.)
A. Nasdaq takes an average of all its stocks while Dow does not.
B. Dow takes the average of its all its stocks while Nasdaq does not.
C. Neither uses the average of its stocks.
D. Both take an average of all their stocks.
?
Your answer
Correct answer
D
D
3.
(Listen to the audio recording for the question.)
A. A depression is approaching.
B. The stock market may crash.
C. The stock market is stable.
D. The stock market is rising fast.
?
Your answer
Correct answer
C
C
4.
(Listen to the audio recording for the question.)
A. He believes in the importance of getting secret information.
B. He believes it is time to buy online stocks.
C. He agrees with the woman.
D. He disagrees with the woman.
?
Your answer
Correct answer
D
D
5.
(Listen to the audio recording for the question.)
A. Many high-tech companies have been launched.
B. Many high-tech companies have been delisted.
C. One should buy stocks listed on the Nasdaq.
D. One should buy stocks listed on the Dow.
?
Your answer
Correct answer
B
B
Part II
Directions: Listen to the passage(s) three times. When the passage is read for the first time, listen for the general idea. When the passage is read for the second time, fill in the blanks numbered from S1 to S7 with the exact words you hear. For blanks numbered from S8 to S10, write down either the exact words you hear or the main points in your own words. When the passage is read for the third time, check your answers.
Just like an S1 , a mutual fund can also buy or sell shares of a companys stock. A mutual fund is a group of stocks and bonds that is S2 by a group of people. A financial company is in charge of the mutual fund, which is S3 by on
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