Part I ScriptDirections: Listen to the short dialogs, and then choose the correct answers to the questions. You will hear the recording twice. After the first playing, there will be time for you to choose the correct answers. Use the second playing to check your answers.1. (Listen to the audio recording for the question.)A. Stocks.B. Government bonds.C. Corporate bonds.D. Stocks and corporate bonds.2. (Listen to the audio recording for the question.)A. Nasdaq takes an average of all its stocks while Dow does not.B. Dow takes the average of its all its stocks while Nasdaq does not.C. Neither uses the average of its stocks.D. Both take an average of all their stocks.3. (Listen to the audio recording for the question.)A. A depression is approaching.B. The stock market may crash.C. The stock market is stable.D. The stock market is rising fast.4. (Listen to the audio recording for the question.)A. The woman will follow the man to buy the company's shares.B. The man's stocks have gone up.C. The man suffers a great loss caused by the company's bad performance.D. The woman suggests the man think carefully before he acts.5. (Listen to the audio recording for the question.)A. The man lost a lot of money in the stock market.B. The stock market is in a slump.C. The woman is surprised at Jack's bad luck.D. Jack has stayed away from the stock market to avoid losses.Part II ScriptDirections: Listen to the passage three times. When the passage is read for the first time, listen for the general idea. When the passage is read the second time, fill inthe blanks numbered from (1) to (7) with the exact words you hear. For blanks numbered from (8) to (10), write down either the exact words you hear or the main points in your own words. When the passage is read the third time, check your answers.Just like anmutual fund is a group of stocks and bonds that is by a group of people. Acompany is in charge of the mutual fund, which is by one or more pormanagers. The people who in mutual funds are also known as shareholdera unit of in a mutual fund is called a share. A mutual fund uses the cashby its to purchase stocks, or in some cases, bonds. The fund's sharehindirect in that portfolio of stocks or bonds. Since a mutual fund may co stocks of many companies in its portfolio,Most mutual funds are open-end funds. This means that at the end of every day,A mutual fund can also be a closed-end fund. The sponsor of a closed-end fund registers a a fixed number of shares at the initial offering, similar to a common stock. Investors then or sell these shares through a stock exchange.(1) individual individual(2) owned owned(3) managed managed(4) invest invest(5) ownership ownership(6) shareholders shareholders(7) investors investors(8) shareholders are often able to own a greaterand more diverse number of stocks than ifthey invested directly in the stock market shareholders are often able to o and more diverse number of st they invested directly in the st(9) the investment management companysponsoring the fund issues new shares toinvestors and buys back shares from investorswishing to leave the fundthe investment management sponsoring the fund issues ne investors and buys back shares fwishing to leave the fu(10) The sponsor does not buy back or issueshares after a closed-end fund is launched, so the investor must trade them through abroker The sponsor does not buy back o after a closed-end fund is launc investor must trade them throuPart III ScriptDirections: Listen to the following recording, and then choose the correct answers to the questions. You will hear the recording twice. After the first playing, there will be time for you to choose the correct answers. Use the second playing to check your answers.1. How much did an Apple Computer PowerBook G3 250 laptop cost in 1997according to the passage?A. $3,700.B. $5,500.C. $5,700.D. $7,500.2. Who has hundreds of examples on his personal Website that show what wouldhave happened if one had decided to purchase Apple stock?A. A stock broker.B. An economist.C. A manager.D. A student.3. When was the iPod Shuffle released?A. 1998.B. 2001.C. 2008.D. 1997.4. How much did the first generation iPod cost?A. $400.B. $40.C. $11,500.D. $350.5. What would be the best title for the passage?A. If You Bought Apple Stock Instead of Its ProductsB. If You Bought Apple Products Instead of Its StockC. You Should Invest Your Money in StocksD. Stocks Are Your Best Choice to Make MoneyPart IVDirections: Choose the best answer to each of the following statements.1. Many investors jump on IPOs, hoping to get rich by getting into a stock early, before it goes up. But isn't that a bit like buying a book without reading it? I mean, ___________ it doesn't go up?A. how ifB. what ifC. how aboutD. what about2. Online share trading has totally changed the stock market and the lives of investors. ___________ the Internet and be your own broker!A. ConnectB. LinkC. Hook up toD. Hook over3. _____ about $500, you can open an account and begin buying and selling shares from your own home, 24 hours a day.A. ForB. ToC. InD. At4. The days of dot-com fortunes from IPOs are _____.A. acrossB. upC. aboveD. over5. I won't recommend any specific stock. You have to make the decision___________.A. by your ownB. on your ownC. for youD. by you6. After you bought a stock that was already very low, it may continue to drop. In that case you will lose your __________.A. sharesB. pantsC. shirtD. skirt7. To make money, you have to __________.A. seize with opportunitiesB. grasp for opportunitiesC. make chancesD. take chances8. I'm not _______ a gambler. I don't want to risk my money in the stock market.A. much ofB. a lot ofC. veryD. very much9. You can probably try blue chip stocks for a guaranteed ________ your investment.A. report forB. release fromC. report onD. return on10. Shareholders may make money or lose money by selling stocks that they own,________ on whether the price has gone up or down since they bought their shares. A. depend B. depending C. dependsD. depended。