问题详情

Read the following passage and choose the best sentence (A-G) to fill each ofthe gaps.

It's impossible to miss the fact that stocks , real estate and bonds all makefor decent investments. But there are so many different investment options ,most of which get minimal

marketing. (8)_______

1. American Depository Receipt (ADR)

ADRs are traded on U. S. stock markets just like regular stocks , but theyactually represent shares in foreign corporations. An ADR is issued by a U. S.-based bank or brokerage , which buys a large number of shares from a companybased outside the U. S.(9) ______ ADRs are a relatively simple way to invest inforeign companies and avoid the administrative and duty costs of internationaltransactions.

2. Annuity

Annuities provide set payments at regular intervals to their owners. (10)______ Deferred annuities are often contracted for life - they're set up sothat as long as you live ,the insurance company will send you a check at aregular interval. Annuities are also either fixed (the payments are set) orvariable (there is a guaranteed minimum payment , as well as payments based onthe performance of an annuity investment portfolio).

3. Closed-End Investment Fund

A closed-end fund issues shares that are traded just like stocks but areactually closer to mutual funds in the way they are managed. Closed-end fundshold portfolios of securities - usually securities that meet very specificcriteria. (11)______ Some closed-end funds offer dividends.

4. Collectibles

Collectibles can be pretty much any physical asset with a value thatincreases over time. While most people consider fine art , stamps and similarpurchases to be collectibles , there is no strict definition that includes orexcludes a particular asset. (12)______ However, a collectible's appreciatingvalue often outpaces inflation.

5. Common Stock

Common stock is a share of ownership in a particular company. (13)______ Themajority of stocks traded today are common stocks. While the benefits associatedwith owning stock can be great , it is a relatively risky investment.(14)______

Now choose the best sentence (A-G) to fill each of the gaps.

A. Those shares are bundled into groups and then resold.

B. These funds are actively managed and may hold a few investments in stocksor bonds in order to diversify.

C. If a company that you own stock in goes bankrupt , as a commonshareholder, you won' t receive money until the creditors , bondholders andpreferred shareholders have all been paid off.

D. An annuity can either be immediate or deferred: with a deferred annuity ,you will not begin receiving payments for a certain period of time.

E. It entitles you to a portion of the company' s profits as well as votingrights.

F. Those listed below are investments that any investor should be familiarwith.

G. The greatest drawback to collectibles is the fact that collectibles offerno income.