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Business English Exercises
 

Canadian Retirement Planning

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Home > Teaching Business English > Business English Lessons, Advanced Level # 432
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canadian retirement planning answer 1
One of the most common Canadian investment structures is an RRSP, which isn't a normal investment, but an account allowing an individual to save money for retirement while lowering the income tax.

Correct answer: (d) an RRSP

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canadian retirement planning, question 1 canadian retirement planning, mergers acquisitions words rrsp, reform, valorem, what does an rrsp mean?

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canadian retirement planning answer 2
According to the Tax Reform Act of 1993, organization dues that are spent to lobby State and Federal governments are nondeductible for income tax purposes, and the portion so used must be disclosed to members on their dues invoice.

Correct answer: (b) Reform

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canadian retirement planning, question 2 real estate words master, non-performing, ordinary, due, prime, what does reform mean?

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canadian retirement planning answer 3
The owner or individual shall pay an annual state ad valorem tax of twenty-nine and one-half cents ($0.295) for each one hundred dollars ($100) of value for all real property assessed for taxation.

Correct answer: (d) valorem

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canadian retirement planning, question 3 retirement words questionable, discharged, bring, what does valorem mean? what is the definition for valorem?

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canadian retirement planning answer 4
A bank acting as a mutual fund custodian is required by the Securities and Exchange Commission to keep mutual fund portfolio securities separate from its other bank assets.

Correct answer: (d) custodian

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canadian retirement planning, question 4 terms of stock governs, binding, authorizing, opens, honor, what does custodian mean?

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canadian retirement planning answer 5
Prime paper, which has three Moody's Investor's Service ratings, P-1 through P-3, is the highest quality commercial paper.

Correct answer: (c) Prime

Meaning of business term Prime
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canadian retirement planning, question 5 taxes terms articulating, penetrated, augmenting, spectrum, what does prime mean?

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canadian retirement planning answer 6
In 1909, the 16th amendment to the US Constitution was sent out to all the state legislatures after having been passed by the US Congress; it was necessary for three-quarters of them to approve it in order for it to be ratified.

Correct answer: (c) ratified

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canadian retirement planning, question 6 canadian retirement planning, technical analysis words incrementally, dictated, what does ratified mean?

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canadian retirement planning answer 7
Bottom fishers Bill Dunmark and Jim Laxter, who invest in financially troubled companies through their $500 million Silver Fund, have been refinancing or closing deals to invest almost $300 million in various businesses wobbling under accumulated 1980s debt.

Correct answer: (b) fishers

Meaning of business term fishers
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canadian retirement planning, question 7 trading words fraught, spate, bona fide, steward, what does fishers mean? what is the definition for fishers?

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canadian retirement planning answer 8
Capital Employed comes from long term liabilities and ordinary shareholders; it is the effective amount of money actually being used for business, irrespective of whether it comes from the owners, creditors or banks.

Correct answer: (b) Employed

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canadian retirement planning answer 9
The most reliable source of economic analysis available is the Asian Image consensus forecast; this publication gives you the essence of research by leading economists from financial institutions such as J.P. Morgan, Goldman Sachs, Citigroup and Deutsche Bank.

Correct answer: (d) consensus

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canadian retirement planning answer 10
The coupon rate does not change over time, but the coupon yield changes and reflects the return the coupon represents based on current market prices for the bond.

Correct answer: (d) yield

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canadian retirement planning, question 10 lending credit vocab gathering, trustor, paid-in, what does yield mean? what is the definition for yield?

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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
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Mergers acquisitions words rrsp, reform, valorem

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EFL/ESL Links: Banker's AcceptancesBanking term list real estate, master, joint, discount, crash ofBanker's Acceptances (Answers)Accounting terminology straight, holding, war chestForeign Currency Risk ManagementBusiness words flawed, fly, systemic, swings, takenForeign Currency Risk Management (Answers)Trading words fraught, spate, bona fide, stewardThe Physical Supply ChainInsurance vocabulary adversarial, reciprocation, iterativeThe Physical Supply Chain (Answers)Technical analysis words incrementally, dictatedA Strategic AllianceTerms of economy align, caliber, realized, grid, leverageA Strategic Alliance (Answers)Taxes terms articulating, penetrated, augmenting, spectrumThe ICCUCPDCFinancial words conforms, warrants, deal, distinct, payeeThe ICCUCPDC (Answers)Terms of stock governs, binding, authorizing, opens, honorThe Foreign Corrupt Practices ActBusiness vocabulary intermediaries, conspireThe Foreign Corrupt Practices Act (Answers)Retirement words questionable, discharged, bringUnitholdersDividends words living, symbol, lending, long, serviceUnitholders (Answers)Real estate words master, non-performing, ordinary, due, primeESL test: Canadian Retirement Planning • Ipos terminology yield, consensus, employed, fishersESL Audio Online - English MP3 - English Pronunciation
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