18.Most market participants prefer to ___ futures positions, rather than to make actual delivery. A. offset B. save C. make up D. match ...

12.Investors are afraid that they can’t get back their investment in the stock market, so they may ___ their money to the bonds. A. change B. shift C. turn D. take ...

6.One economic function provided by futures exchanges is price risk management, also known as ___. A. evasion B. hiding C. hedging D. avoiding ...

20.___ represent a partial ownership of the company. A. Shares B. Dividends C. Bonds D. Futures ...

14.Preferred stocks are similar to ___ in that they have stated face values and a specified dividend payment. A. dividends B. bonds C. stocks D. futures ...

8.___ is the value of one unit of a foreign currency expressed in another currency. A. Exchange rate B. Interest C. Profit D. Benefit ...

2.Spot rate is for ___ delivery. A. spot B. right now C. immediate D. at once ...

16.Our deposits and withdrawals from our account are recorded in the ___. A. counterfoil B. passbook C. record D. account book ...

10.If advances take the form of loans, new credit ___ immediately increases advances and deposits by the full amount. A. granted B. given C. offered D. issued ...

4.In the case of loans, the whole amount advanced is at once credited to the customer’s ___. A. time account B. current account C. savings account D. loan account ...