While appreciating the good quality of your shirts, we find your price is rather too

A.As we are; it

B.We are; that

C.While; it

D.When; that

()appreciating your inquiry for Leather Shoes, we wish to inform. you that this item is under the exclusivity of ABC Co.

A、When

B、In case of

C、While

D、During

A、in the high level

B、at the high end

C、of the high standard

D、on the high side

Dear Sirs,

Thank you for your offer of December the 5th and samples of Ground Nuts you kindly sent us.

While we are appreciating the good quality of your Ground Nuts, we regret that your price appears to be on the high side. To accept the price you quoted would leave us no profit in our sales, since the other suppliers are offering lower prices for Ground Nut of the same quality.

Therefore we suggest you reduce the quoted price by 10 percent, otherwise there is no possibility of business.

We look forward to your confirmation.

Yours faithfully.

Read the following passage and choose the best sentence (A-G) to fill each of the gaps.

It's impossible to miss the fact that stocks , real estate and bonds all make for decent investments. But there are so many different investment options , most of which get minimal

marketing. (8)_______

1. American Depository Receipt (ADR)

ADRs are traded on U. S. stock markets just like regular stocks , but they actually represent shares in foreign corporations. An ADR is issued by a U. S. -based bank or brokerage , which buys a large number of shares from a company based outside the U. S.(9) ______ ADRs are a relatively simple way to invest in foreign companies and avoid the administrative and duty costs of international transactions.

2. Annuity

Annuities provide set payments at regular intervals to their owners. (10)______ Deferred annuities are often contracted for life - they're set up so that as long as you live ,the insurance company will send you a check at a regular interval. Annuities are also either fixed (the payments are set) or variable (there is a guaranteed minimum payment , as well as payments based on the performance of an annuity investment portfolio).

3. Closed-End Investment Fund

A closed-end fund issues shares that are traded just like stocks but are actually closer to mutual funds in the way they are managed. Closed-end funds hold portfolios of securities - usually securities that meet very specific criteria. (11)______ Some closed-end funds offer dividends.

4. Collectibles

Collectibles can be pretty much any physical asset with a value that increases over time. While most people consider fine art , stamps and similar purchases to be collectibles , there is no strict definition that includes or excludes a particular asset. (12)______ However, a collectible's appreciating value often outpaces inflation.

5. Common Stock

Common stock is a share of ownership in a particular company. (13)______ The majority of stocks traded today are common stocks. While the benefits associated with owning stock can be great , it is a relatively risky investment. (14)______

Now choose the best sentence (A-G) to fill each of the gaps.

A. Those shares are bundled into groups and then resold.

B. These funds are actively managed and may hold a few investments in stocks or bonds in order to diversify.

C. If a company that you own stock in goes bankrupt , as a common shareholder, you won' t receive money until the creditors , bondholders and preferred shareholders have all been paid off.

D. An annuity can either be immediate or deferred: with a deferred annuity , you will not begin receiving payments for a certain period of time.

E. It entitles you to a portion of the company' s profits as well as voting rights.

F. Those listed below are investments that any investor should be familiar with.

G. The greatest drawback to collectibles is the fact that collectibles offer no income.

A.appreciated

B.appreciation

C.appreciate

D.appreciating

A.appreciating

B.thanks

C.oblige

D.satisfying

A.appreciating

B.appreciated

C.lift

D.up

A.appreciated

B.appreciate

C.appreciates

D.appreciating