44. US investors in ADRs receive dividends __________________.
(A)in US dollars
(B) in only foreign currency
(C)in European currency only
(D) in non-cash payments only

40. (A)site (B) shift (C)topic (D) argument

41. Why do United States investors prefer ADRs to shares overseas? (A)ADRs give them more rights to the stocks. (B) ADRs are more convenient. (C)They can trade ADRs in the Euromarket. (D) They cannot buy overseas stocks directly.

42. Which of the following statements is true about ADRs? (A)They are traded like ordinary stocks. (B) They are traded by foreign investors only. (C)They can only be traded over-the-counter. (D) They can only be traded outside the United States.

43. Who holds shares on ADRs? (A)Individual investors. (B) Corporations that issue them. (C)A bank in the United States. (D) A bank in a foreign country.

45. The passage implies that anyone selling foreign stocks in the United States __________________. (A)can only do so after 1933 (B) may actually benefit from the law (C)may be breaking a law (D) may be required to pay local taxes

46. The author is a _______________. (A)government employee (B) famous banker (C)columnist of a magazine (D) professor of economy

47. What is the author’s purpose in writing this passage? (A)To provide information on safety of pension. (B) To teach people how to make investment. (C)To discuss the current economic crisis. (D) To attack the government’s pension policy.

48. What does “the stock market is reeling” mean? (A)The stock market is hiking. (B) The stock market is moving steady. (C)The stock market is going down slowly. (D) The stock market is fluctuating drastically.

49. Which of the following statements is true? (A)Pension managers rarely invest the fund in the stock markets. (B) Turbulence in the stock markets has no influence on the pension funds. (C)Benefits of retirees are greatly reduced when the stock market hits bottom. (D) Pension payment takes long years, so there is enough time for the funds to wait and gain back their money.

50. Which of the following is true about PBGC? (A)It is operated by the state government of the U.S. (B) It stands for Pension Benefit Guaranty Corporation. (C)It pays each retiree $51,750 a year every year. (D) Its payment to retirees has ended in 2008.