The stock exchange is a market place for the buying and selling of shares, or government securities (有價(jià)證券). Buying and selling in the stock exchange are carried out by two kinds of dealers: brokers and jobbers .

Members of the public cannot transact (交易) business in the stock exchange. Anyone wishing to buy or sell shares must employ a stock-broker who will charge fee for the service. Jobbers work within the exchange and do not deal directly with the public. All their business is transacted with brokers and they act as principals rather than agents. This means that they buy and sell shares on their account and their profits depend on the success of their trading. They hope to judge the market trends so that they sell shares at higher prices than those that they paid for them. These are the differences between the responsibilities of a broker and a jobber.

There is, therefore, competition between the jobbers who must adjust their prices according to changes in supply and demand. If they set their buying prices too high, they will find themselves buying huge quantities of shares that they might have to get rid of at a loss. If they fix their prices too low , they will find themselves taking large orders for shares that they do not possess. They must , however , buy the shares that they have agreed to supply to the brokers. It could happen that they will find themselves paying higher prices than those at which they have agreed to sell. Jobbers tend to specialize in shares of companies in particular industries such as shipping, mines (礦藏), oil, land, property and so on. The largest single market in the stock exchange, however, is that in government securities.

1．The dealing of the buying and selling stocks is done in the circulation of ________ .

A．the broker —— the jobber —— the exchange —— the public

B．the jobber —— the exchange —— the broker —— the public

C．the public —— the broker —— the exchange —— the jobber

D．the exchange —— the jobber —— the broker —— the public 

2．Which of the following is NOT true according to the passage?

A．In stock exchange, both shares and securities are bought and sold.

B．Concerning responsibilities, brokers and jobbers play the same role in the stock exchange.

C．A stockbroker buys and sells shares mainly for fees.

D．Successful jobbers must have a wide range of knowledge of the companies on the market.

3．According to the passage, business transaction in the stock market is mainly done by

_________.

A．the government                                 B．the public

C．both the brokers and the jobbers            D．only the stockbrokers 

4．Which of the following is true about brokers and jobbers?

A．Jobbers work outside the exchange but deal directly with the public.

B．Brokers work inside the exchange but deal directly with the public.

C．Brokers work outside the exchange and deal directly with the public.

D．Jobbers work inside the exchange and deal directly with the public.

練習(xí)冊(cè)系列答案
相關(guān)習(xí)題

科目：高中英語(yǔ) 來(lái)源： 題型：

How should one invest (投資) a sum of money in these days of inflation (通貨膨脹)?   31   (leave) in a bank it’ll hardly keep its value, however high the interest rate. Only a brave man,  32  a very rich one, dares to buy and sell on the Stock (股票) Market. Today it seems that one of the best ways   33   (protect) your savings and even increase your wealth is to buy beautiful objects   34   the past. Here I am going to offer some advice on collecting antique clocks,   35   I personally consider are among the most interesting of antiques.

I sometimes wonder   36   a being from another planet report back about our way of life. “The planet Earth   37   (rule) by a mysterious creature that sits or stands in a room and makes a strange ticking sound. It has a face   38   twelve black marks and two hands. Men can do nothing without its permission, and it   39   (fast) its young around people’s wrists so that everywhere men go   40   are still under control. This creature is the real master of Earth and men are its slaves.”

查看答案和解析>>

科目：高中英語(yǔ) 來(lái)源： 題型：閱讀理解

The American newspaper has been around for about three hundred years. In 1721, the printer James Franklin, Benjamin’s older brother, started the New England Courant, and that was what we might recognize today as a real newspaper. He filled his paper with stories of adventure, articles on art, on famous people, and on all sorts of political subjects.

Three centuries after the appearance of Franklin’s Courant, few believe that newspapers in their present printed from will remain alive for long. Newspaper companies are losing advertisers(廣告商)，readers, market value, and in some cases, their sense of purpose at a speed that would not have been imaginable just several years ago. The chief editor(主編) of the Times said recently, “At places where they gather, editors ask one another, ‘How are you?’, as if they have just come out of the hospital or a lost law case.” An article about the newspaper appeared on the website of the Guandian, under the headline “NOT DEAD YET.”

Perhaps not, but the rise of the Internet, which has made the daily newspaper look slow and out of step with the world, has brought about a real sense of death. Some American newspapers have lost 42% of their market value in the past three years. The New York Times Company has seen its stock(股票) drop by 54% since the end of 2004, with much of the loss coming in the past year. A manager at Deutsche Bank suggested that stock-holders sell off their Times stock. The Washington Post Company has prevented the trouble only by changing part of its business to education; its testing and test-preparation service now brings in at least half the company’s income.

What can we learn about the New England Courant?

A. It is mainly about the stock market.

B. It marks the beginning of the American newspaper.

C. It remains a successful newspaper in America.

D. It carries articles by political leaders.

What can we infer about the newspaper editors?

A. They often accept readers’ suggestions.

B. They care a lot about each other’s health.

C. They stop doing business with advertisers.

D. They face great difficulties in their business.

Which of the following found a new way for its development?

A. The Washington Post.

B. The Guardian.

C. The New York Times.

D. New England Courant.

How does the author seem to feel about the future of newspapers?

A. Satisfied.

B. Hopeful.

C. Worried.

D. Surprised.

查看答案和解析>>

科目：高中英語(yǔ) 來(lái)源：2013屆湖南省五市十校高三第一次聯(lián)合檢測(cè)英語(yǔ)試卷（帶解析） 題型：閱讀理解


Men can be beautiful too, right?
CHINA is going to host the 18th World University Student Beauty Contest in Guangzhou this December. This year for the first time the contest will include a male section. Students from over 130 countries will compete for Mr. and Miss Beauty. The contest is one of the most respected beauty contests in the world. It was copied by the United Nations University (an international university belonging to the United Nations) in 1986.
Stick to studying
LI Yining, an economics professor at Peking University, said that he would not encourage students to try their luck in the stock market (股市). “They should stress study,” Li said, in his speech at Beijing Foreign Studies University. When asked, the professor said he expected house prices in Beijing to continue to rise. Li thinks the government should provide more affordable houses for low-level income people.
Campus cinema
Students at over 100 universities will have a digital cinema on campus after the National Day holiday. The 21st Century Digital Film on Campus Project was launched at the end of September. The ticket will cost 3-8 yuan, rather than 30-40 yuan at cinemas in town. Students often download movies online or watch DVDs. Now they can enjoy original films in the digital cinema. The digital cinema will show a variety of films other than Hollywood blockbusters (好萊塢大片).
Getting practical
All 12,000 graduates from vocational school in Shanxi Province have landed a job, according to the provincial government. In the past five years, it is estimated that over 95 percent of the professional school graduates have found jobs. However, the number for university graduates is 70 percent. Some employers said that they prefer professional school graduates who learned something more practical in school and expected lower salaries than university students.
【小題1】 In the third part, the underlined word “l(fā)aunched” may mean ______.

A．startedB．endedC．toldD．mentioned
【小題2】 Where can the material be chosen from?
A．A novel.B．A newspaper.C．An advertisement.D．A fashion magazine.
【小題3】. Which of the following statements is NOT true according to the passage?
A．More than 130 countries will take part in the 18th World University Student Beauty Contest.
B．The ticket for digital film will cost 3-8 yuan.
C．In the past five years, over 95 percent of the university graduates have found jobs in Shanxi.
D．Over 100 universities took part in the 21st Century Digital Film on Campus Project.
【小題4】. Professor Li thinks that ______.
A．the house prices in Beijing will keep going up.
B．the students should try their luck in the stock market.
C．the government can do nothing about housing problem.
D．the students should not only pay attention to study.
【小題5】. What can we infer from the passage?
A． In Shanxi, the professional school graduates are less popular with employers than university graduates recently.
B．The digital cinema will only show Hollywood blockbusters.
C．The graduates from universities can put what they learned into practice more easily.
D．No men competed in the World University Students Beauty Contest before this year.

查看答案和解析>>

科目：高中英語(yǔ) 來(lái)源：2011-2012學(xué)年河南省豫東、豫北十所名校高三階段性測(cè)試英語(yǔ)試題 題型：閱讀理解

Investors soon will be able to own shares of Facebook stock. The world’s biggest social media network presented documents to the Securities and Exchange Commission on Wednesday. The documents are required before the company can make its initial public offering（首次公開(kāi)募股）or IPO. A date for the stock sale has yet to be announced.

Experts say Facebook could raise about five billion dollars. That would be one of the biggest IPO sales ever. And it would be much bigger than Google’s first public stock sale in 2004. At that time, the Internet search company raised almost two billion dollars.

Facebook has 800 million users around the world. It is the second most visited website after Google. Now, experts say the social media network is in a position to become one of the most valuable Internet companies.

Stock expert Anupam Palit at Greencrest Capital says that among social media sites, Facebook is in a class by itself.

“It is the biggest company in this space and we believe what makes it very unique from every other company that went public last year in this space is that it is very, very profitable.” said Anupam Palit.

Early estimates place the total value of the social network between 75 and 100 billion dollars. That includes earlier investments by other companies. David Kirkpatrick wrote the book The Facebook Effect. He says Facebook’s IPO will be historic.

The stock sale could also make Facebook founder Mark Zuckerberg one of the world’s youngest billionaires. He is only 27.

Investment companies are likely to buy Facebook stock first. But investment manager Jim O’Shaugnessy says that is not so bad. He says the prices of some IPO stocks are too high and fall not long after they first go on sale.

    Recently, share prices of some Internet businesses have fallen after their stocks were first offered. For example, stocks of Linkedln, Groupon and Zynga, dropped in price by as much as 25% after going public.

There were similar questions eight years ago when Google first sold stock to the public. Today, Google is one of the world’s most valuable technology companies.

1.Which of the following is true about Google?

    A. Google’s first public stock sale began in 2005.

    B. Google is the world’s most valuable company.

    C. Google’s share price rose after its stock was first offered.

    D. Google raised almost two billion dollars from its first public stock sale.

2.According to the passage, we can know Facebook ________.

    A. has 800 million users in the USA       B. has announced the date for its first stock sale

    C. is the most visited website today       D. is the world’s biggest social media network

3.We can infer from the passage that ________.

    A. Facebook stock is being sold very well

    B. Mark Zuckerberg will get much money from the stock sale

    C. Mark Zuckerberg was only 27 when Facebook was founded

    D. investment companies have bought many Facebook shares

4.Which would be the best title for this passage?

    A. Facebook and Its IPO               B. The Difference Between Facebook and Google

C. The Founder of Facebook            D. A Book Called The Facebook Effect

 

查看答案和解析>>

科目：高中英語(yǔ) 來(lái)源：2010-2011學(xué)年廣東省深圳市高三上學(xué)期第三次測(cè)試英語(yǔ)卷 題型：完型填空

閱讀下面短文，掌握其大意，然后從1—15各題所給的A、B、C和D項(xiàng)中，選出最佳選項(xiàng)，并在答題卡上將該項(xiàng)涂黑。

In every cultivated language there are two greet classes of words which, taken together, comprise the whole vocabulary. First, there are those words   1   which we become acquainted in daily conversation, which we   2   ,that is to say, from the    3   of our own family and from our familiar associates, and   4   we should know and use we could not read or write. They    5   the common things of life, and are the stock in trade of all who    6   the language. Such words may be called “popular”, since they belong to the people    7    and are not the exclusive of a limited class. On the other hand, our language   9    a multitude of words which are comparatively used in ordinary conversation. Their meanings are known to every educated person, but there is little    10    to use them at home or in the market-place. Our    11    acquaintance with them comes not from our mother's or from the talk of our school-mates, from books that we read, lectures that we    12    ,or the more    13    conversation of highly educated speakers who are discussing some particular    14   in a style appropriately elevated above the habitual of everyday life. Such words are called “l(fā)earned”, and the    15    between them and the “popular” words is of great importance to a right understanding of linguistic process.

1.A．a(chǎn)t        B．with       C．by           D．through

2.A．study     B．imitate       C．stimulate   D．learn

3.A．mates     B．relatives    C．members   D．fellows

4.A．which      B．that          C．those       D．ones

5.A．mind      B．concern      C．care       D．involve

6.A．hire       B．a(chǎn)pply     C．a(chǎn)dopt              D．use

7.A．in public  B．a(chǎn)t most      C．a(chǎn)t large      D．a(chǎn)t best

8.A．consists  B．comprises C．constitutes         D． composes

9.A．seldom   B．much     C．never     D．often

10.A．prospect       B．way         C．reason        D． necessity

11.A．primary         B．first        C．principal     D．prior

12.A．hear of B．a(chǎn)ttend        C．hear from  D．listen

13.A．former  B．formula      C．formal        D． formative

14.A．theme  B．topic          C．idea          D．point

15.A．diversionB．distinctionC．diversity   D．similarity

 

查看答案和解析>>

同步練習(xí)冊(cè)答案