Money System

Please choose the most appropriate answer for each sentence.
  • 1

    In a ..... money system, money is not backed by a physical commodity like gold; instead, the only thing that gives the money value is its relative scarcity and the faith placed in it by the people that use it.

  • 2

    The U. S. federal securities laws require publicly traded companies to disclose information on an ongoing basis; the annual report on Form ..... provides a comprehensive overview of the company's business and financial condition and includes audited financial statements.

  • 3

    Germany's Heidelberg Cement has attempted to shut out any rivals for its 8 billion takeover of Hanson by mounting a ..... raid that increased its controlling stake to more than 29 per cent; traders at Deutsche Bank spent 1.4 billion buying 125.63 million Hanson shares in the open market at 1,100p.

  • 4

    We are selling the A model, which cost us under $20,000 apiece, to the Saudis for B model prices, about $46,000 apiece, in order to develop the C model; this type of back ..... financing avoids the Congressional authorization process and provides the Pentagon with an additional source of revenue.

  • 5

    Suppose the interest cost on ICICI's DDB is 15 per cent; a non-refunding provision would prevent ICICI from offering new bonds at an interest rate of less than 15 per cent and using the proceeds to redeem the DDBs, and thus helps investors lower their ..... risk.

  • 6

    Out of the three major American stock exchanges, ..... is known to have the most liberal policies concerning company listing, as most of its companies are generally smaller; it also specialises in the trading of ETFs and hybrid/structured securities.

  • 7

    A .....-coupon bond is a bond whose coupon rate equals going market rates and consequently sells at or near par.

  • 8

    ..... is very closely related to operating profit and often the same; it may include some profits or losses that are excluded from operating profit.

  • 9

    Technically speaking, ..... amounts to the characterization of an expense as having been necessary to the production of a product or delivery of a service; in other words, of all the expenses your business will incur in a given month, some of those expenses will go into this category and some will stay in the category of normal operating expenses.

  • 10

    Typically, an investment banking ..... nowadays provides world-wide, either in divisions of the bank or in associated companies, corporate finance and advisory work, normally in connection with new issues of securities for raising finance, take-overs, mergers and acquisitions.

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