No Free Lunch

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

    The most important principle upon which to premise an investment ..... is to recognize that there is no free lunch - all investing involves trade-offs; for every perceived reward, there is some associated risk, whether perceived or not.

  • 2

    The Dow Jones Industrial Average is a price-..... index of 30 blue chip stocks.

  • 3

    A limit-.....-close order is a type of limit order to buy or sell shares near the market close only if the closing price is trading better than the limit price.

  • 4

    If you have defaulted on a debt in the past and you have either reached a compromise with a creditor to settle your debt, or the creditor has deemed the debt to be non-collectable and has stopped attempts to recover, you may receive ..... of Debt (1099-C) form from the IRS.

  • 5

    ..... is an equitable remedy that wipes out the existing contract and restores the parties to their prior situation; it can occur as a result of innocent or fraudulent representation, mutual mistake, lack of legal capacity, an impossibility to perform a contract not contemplated by the parties, or duress and undue influence.

  • 6

    Starting from the spot month to the most ..... month option series of the same underlying strike price and call/put type, if the fixing price is smaller than or equal to the fixing price of the preceding option series, it will be adjusted to a value not lower than the fixing price of that series.

  • 7

    This Plan provides for the issuance of non-..... stock options which are not intended to qualify as 'incentive stock options' within the meaning of Section 422 of the Internal Revenue Code of 1986; it is an employment incentive for persons of experience and ability and whose services are considered valuable.

  • 8

    April 1996 amendments to Regulation T of the Board of Governors of the Federal Reserve System delegated authority to option exchanges to set option ..... requirements in their rules, provided such rules are approved by the Securities and Exchange Commission.

  • 9

    The ..... portfolio concept is important in a variety of financial theories, including Modern Portfolio Theory (MPT); according to the MPT, investors should concentrate on choosing portfolios based on overall risk-reward concepts, rather than focusing on the attractiveness of individual securities.

  • 10

    To calculate the ..... ratio, take the current assets and subtract the inventory; what you are left with are the items that can be converted into cash immediately; then, divide the result by the current liabilities.

Do you like our tests? Check out our shop!

We have ESL, TOEIC, TOEFL test compilations and much more!