商务英语综合教程第四册第七单元教参练习答案.docVIP

Keys for Reference Unit 7 Investment Warm-up Activities I Starting up B. 1. n) 要价，索价 2. d) 债券 3. i) 经纪人 4. c) 佣金 5. k) 成本 6. a) 公司 7. f) 股息 8. g) 基金 9. b) 投资组合 10. l) 本金 11. o) 代理权12. m) 风险 13. h) 股票 14. j) 投资组合 15. e) 收益 II Listening A. An investment is any vehicle into which funds can be placed with the expectation that they will be preserved or increase in value and/or generate positive returns. A direct investment is one in which an investor directly acquires a claim on a security or property. An indirect investment is an investment made in a portfolio or group of securities or properties. A short-term investment typically matures within one year. It is long-term investment with no maturity at all. Tapescript: Simply stated, an investment is any vehicle into which funds can be placed with the expectation that they will be preserved or increase in value and/or generate positive returns. Idle cash is not an investment, since its value is likely to be eroded by inflation and since it fails to provide any type of return. The same cash placed in a bank savings account would be considered an investment, since the account provides a positive return. The various types of investment can be differentiated on the basis of a number of factors, such as whether the investment is a security or property; direct or indirect; debt, equity, or options: low or high risk; and short or long term. Direct and Indirect A direct investment is one in which an investor directly acquires a claim on a security or property. For example, when a person buys a stock, a bond, a rare coin, or a parcel of real estate in order to preserve value or earn income, that individual has made a direct investment. An indirect investment is an investment made in a portfolio or group of securities or properties. For example, an investor may purchase a share of a mutual fund, which is a diversified portfolio of securities issued by a variety of firms. By doing so, she will own a claim on a fraction of the e