Newly issued stocks and bonds are bought and sold in______.A.auction marketsB.primary mark
Newly issued stocks and bonds are bought and sold in______.
A.auction markets
B.primary markets
C.futures markets
D.commodity markets
Newly issued stocks and bonds are bought and sold in______.
A.auction markets
B.primary markets
C.futures markets
D.commodity markets
A key difference between bonds and stocks is that stocks______.
A.are tax-exempt
B.represent ownership
C.represent borrowing
D.can be issued by state and local governments
Preferred stocks are similar to bonds in that they have stated face values (often 100) and a specified dividend payment (similar to a bond's coupon). They differ from bonds because they do not have a scheduled maturity date and because yearly dividends may remain unpaid for a few years without forcing the issuer into bankruptcy. Common stocks have no specified yearly cash payments or maturity date. These securities have an infinite life on which cash will be earned only if the issuer has satisfactory profits. Because the cash returns on bonds are the most certain, they are viewed as the least risky investment and provide the lowest expected rate of return. Preferred stocks are viewed as more risky than bonds and less risky than common stocks. Common stocks are the most risky and provide the largest expected returns.
A secondary market is where ______.
A.the original security issuers sells their securities.
B.the original lender trade securities with other people.
C.loans are borrowed and paid with interest.
D.bond and stocks are traded by the original borrowers and leaders.
A.True
B.False
A.change as the interest level changes.
B.will not change once it is set.
C.change as the market price of the bond changes.
D.change according to its maturity date.
What is the main purpose of the passage?
A.To caution against the negative effects of unbridled globalization.
B.To criticize the wrong approaches of host countries to FDI.
C.To introduce a newly issued report on FDI.
D.To assess the benefits, and drawbacks of FDI.
A、600 units
B、1,125 units
C、1,710 units
D、1,750 units
The notice issued last week repuires the governments at different levels, especially those at county and village levels, to include the farmland as stipulated by the regulations in their respective basic arable-land protection zones.
The arable land along highways and railroads, and on the outskirts of the cities, villages and townships should all be taken into account in the establishment of basic farmland protection zones, according to the notice.
Cases of illegally occupying and destroying farmland will be strictly checked and the responsible persons and units should be punished severely, the notice said.
China has had a legal system to protect its basic farmland since 1994, according to Tang Mingcai, director of the Farmland Protection Department of the Ministry of Land and Resoures.
The land administrations are in charge of protecting the quantity of basic farmland, while the agricultural administrations are responsible for conserving the quality.
The newly revised State Land Administration Law and the National Regulations on protecting the Basic Farmland, which tank effect earlier this year, have put 80 percent of the country's farmland under strict protection.
The national overall plan on land use says the country's basic arable land under protection amounts to 108,562 million hectares in total area.
Nearly 397,000 hectares of the farmland have been lost to economic expansion and severe natural disasters in the past two years, according to statistics from the Ministry of Land and Resources.
In 1998, 261,300 hectares of farmland were lost because of floods.
The grass-roots governments are largely responsible for approving farmland for other use, thus reducing the amount of land available for growing crops, according to the Ministry of Land and Resources.
The notice issued by the Ministry of Land and Resources and the Ministry Agriculture requires that ______.
A.basic farmland protection zones should be established
B.illegally occupying and destroying farmland should be punished
C.a legal system to protect basic farmland be set up
D.A and B
The notice issued last week requires the governments at different levels, especially those at county and village levels, to include the farmland as stipulated by the regulations in their respective basic arable-land protection zones.
The arable land along highways and railroads, and on the outskirts of the cities, villages and townships should all be taken into account in the establishment of basic farmland protection zones, according to the notice.
Cases of illegally occupying and destroying farmland will be strictly checked and the responsible persons and units should be punished severely, the notice said.
China has had a legal system to protect its basic farmland since 1994, according to Tang Mingcai, director of the Farmland Protection Department of the Ministry of Land and Resoures.
The land administrations are in charge of protecting the quantity of basic farmland, while the agricultural administrations are responsible for conserving the quality.
The newly revised State Land Administration Law and the National Regulations on protecting the Basic Farmland, which took effect earlier this year, have pat 80 percent of the country's farmland under strict protection.
The national overall plan on land use says the country's basic arable land under protection amounts to 108,562 million hectares in total area.
Nearly 397,000 hectares of the farmland have been lost to economic expansion and severe natural disasters in the past two years, according to statistics from the Ministry of Land and Resources.
In 1998, 261,300 hectares of farmland were lost because of floods.
The grass-roots governments are largely responsible for approving farmland for other use, thus reducing the amount of land available for growing crops, according to the Ministry of Land and Resources.
The notice issued by the Ministry of Land and Resources and the Ministry Agriculture requires that ______.
A.basic farmland protection zones should be established
B.illegally occupying and destroying farmland should be punished
C.a legal system to protect basic farmland be set up
D.A and B
intelligence officers were wrong to say that Iraq possessed weapons of mass destruction that could be deployed within 45 minutes.
That finding was a key element in a British government document issued in September 2002 that helped persuade the public and parliament that Iraq must be disarmed.
Mr. Butler told reporters Iraq had no deployable(可使用的)chemical or biological weapons at the time of the March 2003 invasion.
"We say it would be an unwise person who reaches the conclusion that nothing will ever be found in Iraq. But I do distinguish between stocks of agent, and weapons," he said. "And we do conclude that Iraq did not have significant, if any, stocks of chemical or biological weapons in a state fit for deployment."
The Butler report clears Prime Minister Blair of knowingly manipulating poor intelligence to win support for the invasion. Mr. Butler says no one in particular is responsible for the intelligence failures. "I think no single individual is to blame. This was a collective operation, in which there were the failures we've identified, "he said. "But as I've said, no, in my view, there was no deliberate attempt on the part of the government to mislead."
Mr. Blair appeared in parliament shortly after the report's release. He accepted responsibility for the intelligence mistakes, but said Saddam Hussein's Iraq posed a threat that could not be ignored after the 2001 terrorist attacks against the United States.
"I can honestly say I never have had to make a harder judgment. But in the end, my judgment was that after September 11th, we could no longer run the risk. That instead of waiting for the potential threat of terrorism and weapons of mass destruction to come together, we had to get out and get after it," he said.
Mr. Blair brushed off suggestions from the opposition Conservative Party that his credibility has been damaged by Iraq, and that parliament would be less likely to trust him if asked again to vote to go to war. Mr. Blair pointed out that the Conservatives also had supported the invasion of Iraq, and continue to do so.
The Butler commission was less critical of pre-war intelligence failures than a U.S. Senate report issued last week. Some leading senators have said President Bush probably would not have gotten the Senate's support to invade Iraq if the poor intelligence assessments had been known at the time.
Who is Robin Butler?
A.Former British civil service chief.
B.The person who is in charge of a recent intelligence investigation.
C.Head of the Butler Commission.
D.All of the above.
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