2025年北语秋金融英语作业4.doc

1. We prefer to buy or lease one ___ rather than build a new plant.

A. equipment

B. appliance

C. instrument

D. facility

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2. The holder purchased ﹩100,000 ___ of Treasury bonds at a price of ﹩90,000 on or before the expiration date in December.

A. per value

B. par value

C. value face

D. facial value

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3. He has spent two weeks looking for a site suitable for the ___ of AD's production facilities.

A. spread

B. width

C. extension

D. expansion

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4. The price of an option consists of two components intrinsic value and ___value.

A. place

B. time

C. inherent

D. extrinsic

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5. An option must always sell for at least its ___ value or there will be arbitrage opportunities.

A. intrinsic

B. extrinsic

C. inherent

D. born

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6. I ___ every facility in the area, and not one of them was adequate.

A. watched

B. inspected

C. checked

D. examined

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7. In law, the word estate, as it relates to property, is defined as the ___ one has in property.

A. land

B. interest

C. right

D. realty

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8. The most important advantage of an option is ___.

A. to cover downside and keep upside

B. to keep downside and upside

C. to cover downside and upside

D. to keep downside and cover upside

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9. With the option,the customer has an insurance-like product to ___ itself against downside risk.

A. cover

B. include

C. shelter

D. avoid

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10. Some experts say that the ___ market may develop to replace forward contracts over the next few years.

A. stock

B. share

C. futures

D. currency

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11. It is your data on the rising labor costs in Beijing that gave David the idea of ___ our unprofitable operation there.

A. phasing out

B. phasing in

C. phrasing out

D. phrasing in

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12. With the development of the currency options market in treasury services provided by banks, the forward rate market is becoming anyhow ___, isn't it?

A. insignificant

B. important

C. verbose

D. redundant

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13. I'm recommending a facility of about 200,000 square feet, which will more than double our present ___.

A. capacity

B. capability

C. ability

D. accomodation

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14. With the ___, the customer kills off the downside risk and keeps the upside possibility.

A. shares

B. option

C. stocks

D. futures

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15. The time value is the seller's ___ for the possibility that the option will be worth more at the end of its life than if exercised immediately.

A. compendency

B. repay

C. reward

D. compensation

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16. Once the exchange rate is agreed upon between the customer and the bank, no one can come and ask the customer for money, except the ___ the customer has paid to the bank.

A. option premium

B. cash

C. bills

D. currencies

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17. The owner may counter bid and we may ___ for something between ＄160,000 and ＄170, 000.

A. decide

B. determine

C. stay

D. settle

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18. A lot of private investors are ___ land around here.

A. buying for

B. buying out

C. buying off

D. buying up

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19. All goods delivered for us within the country are covered by a ___ insurance policy.

A. carpet

B. blanket

C. basket

D. complete

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20. In order to attract new industry, California issues industrial ___ bonds.

A. revenue

B. income

C. salary

D. pay

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