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Unit10Learnhowtomanageyourwealth.Donewiththistask.Yourcurrentscore:96%Unit10testNextDirections:ClickonthespeakertothelefttostartplayingtheaudiorecordingsforPartsI,IIandIII.Theywillbeplayedcontinuously.Oncetherecordingstartsplaying,pleasedoNOTclickoneitherthespeakericonorthe'UnitQuiz'linkinthemenubarabove.Otherwise,youmaylosethechanceofhearingthecompleterecording.PartIScriptDirections:Listentotheshortdialogs,andthenchoosethecorrectanswerstothequestions.Youwillheartherecordingtwice.Afterthefirstplaying,therewillbetimeforyoutochoosethecorrectanswers.Usethesecondplayingtocheckyouranswers.1.(Listentotheaudiorecordingforthequestion.)A.Stocks.B.Governmentbonds.C.Corporatebonds.D.Stocksandcorporatebonds.2.(Listentotheaudiorecordingforthequestion.)A.NasdaqtakesanaverageofallitsstockswhileDowdoesnot.B.DowtakestheaverageofitsallitsstockswhileNasdaqdoesnot.C.Neitherusestheaverageofitsstocks.D.Bothtakeanaverageofalltheirstocks.3.(Listentotheaudiorecordingforthequestion.)A.Adepressionisapproaching.B.Thestockmarketmaycrash.C.Thestockmarketisstable.D.Thestockmarketisrisingfast.4.(Listentotheaudiorecordingforthequestion.)A.Thewomanwillfollowthemantobuythecompany'sshares.B.Theman'sstockshavegoneup.C.Themansuffersagreatlosscausedbythecompany'sbadperformance.D.Thewomansuggeststhemanthinkcarefullybeforeheacts.5.(Listentotheaudiorecordingforthequestion.)A.Themanlostalotofmoneyinthestockmarket.B.Thestockmarketisinaslump.C.ThewomanissurprisedatJack'sbadluck.D.Jackhasstayedawayfromthestockmarkettoavoidlosses.PartIIScriptDirections:Listentothepassagethreetimes.Whenthepassageisreadforthefirsttime,listenforthegeneralidea.Whenthepassageisreadthesecondtime,fillintheblanksnumberedfrom(1)to(7)withtheexactwordsyouhear.Forblanksnumberedfrom(8)to(10),writedowneithertheexactwordsyouhearorthemainpointsinyourownwords.Whenthepassageisreadthethirdtime,checkyouranswers.Justlikean(1)individual,amutualfundcanalsobuyorsellsharesofacompany'sstock.Amutualfundisagroupofstocksandbondsthatis(2)ownedbyagroupofpeople.Afinancialcompanyisinchargeofthemutualfund,whichis(3)managedbyoneormoreportfoliomanagers.Thepeoplewho(4)investinmutualfundsarealsoknownasshareholdersbecauseaunitof(5)ownershipinamutualfundiscalledashare.Amutualfundusesthecashinvestedbyits(6)shareholderstopurchasestocks,orinsomecases,bonds.Thefund'sshareholdersareindirect(7)investorsinthatportfolioofstocksorbonds.Sinceamutualfundmaycontainthestocksofmanycompaniesinitsportfolio,(8).Mostmutualfundsareopen-endfunds.Thismeansthatattheendofeveryday,(9).Amutualfundcanalsobeaclosed-endfund.Thesponsorofaclosed-endfundregistersandissuesafixednumberofsharesattheinitialoffering,similartoacommonstock.Investorsthencanbuyorsellthesesharesthroughastockexchange.(10).YouranswerCorrectanswer(1)individualindividual(2)ownedowned(3)managedmanaged(4)investinvest(5)ownershipownership(6)shareholdersshareholders(7)investorsinvestors(8)shareholdersareoftenabletoownagreaterandmorediversenumberofstocksthaniftheyinvesteddirectlyinthestockmarket(9)theinvestmentmanagementcompanysponsoringthefundissuesnewsharestoinvestorsandbuysbacksharesfrominvestorswishingtoleavethefund(10)Thesponsordoesnotbuybackorissuesharesafteraclosed-endfundislaunched,sotheinvestormusttradethemthroughabrokerPartIIIScriptDirections:Listentothefollowingrecording,andthenchoosethecorrectanswerstothequestions.Youwillheartherecordingtwice.Afterthefirstplaying,therewillbetimeforyoutochoosethecorrectanswers.Usethesecondplayingtocheckyouranswers.1.HowmuchdidanAppleComputerPowerBookG3250laptopcostin1997accordingtothepassage?A.$3,700.B.$5,500.C.$5,700.D.$7,500.2.WhohashundredsofexamplesonhispersonalWebsitethatshowwhatwouldhavehappenedifonehaddecidedtopurchaseApplestock?A.Astockbroker.B.Aneconomist.C.Amanager.D.Astudent.3.WhenwastheiPodShufflereleased?A.1998.B.2001.C.2008.D.1997.4.HowmuchdidthefirstgenerationiPodcost?A.$400.B.$40.C.$11,500.D.$350.5.Whatwouldbethebesttitleforthepassage?A.IfYouBoughtAppleStockInsteadofItsProductsB.IfYouBoughtAppleProductsInsteadofItsStockC.YouShouldInvestYourMoneyinStocksD.StocksAreYourBestChoicetoMakeMoneyPartIVDirections:Choosethebestanswertoeachofthefollowingstatements.1.ManyinvestorsjumponIPOs,hopingtogetrichbygettingintoastockearly,beforeitgoesup.Butisn'tthatabitlikebuyingabookwithoutreadingit?Imean,___________itdoesn'tgoup?A.howifB.whatifC.howaboutD.whatabout2.Onlinesharetradinghastotallychangedthestockmarketandthelivesofinvestors.___________theInternetandbeyourownbroker!A.ConnectB.LinkC.HookuptoD.Hookover3._____about$500,youcanopenanaccountandbeginbuyingandsellingsharesfromyourownhome,24hoursaday.A.ForB.ToC.InD.At4.Thedaysofdot-comfortunesfromIPOsare_____.A.acrossB.upC.aboveD.over5.Iwon'trecommendanyspecificstock.Youhavetomakethedecision___________.A.byyourownB.onyourownC.foryouD.byyou6.Afteryouboughtastockthatwasalreadyverylow,itmaycontinuetodrop.Inthatcaseyouwillloseyour__________.A.sharesB.pantsC.shirtD.skirt7.Tomakemoney,youhaveto__________.A.seizewithopportunitiesB.graspforopportunitiesC.makechancesD.takechances8.I'mnot__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