Stage 5 Testing 1:Multiple-Choice Questions
Now you will hear 10 questions about the information you heard in the lecture.Each question will be spoken one time only,and it will not be written out for you.You must listen very carefully to each question.After hearing a question,you must read the four possible answer choices provided.You will then refer to your notes and select(a),(b),(c)or(d)—whichever is the best choice.
1.
(a)Because the bad gangs always recruited new members there
(b)Because the scenery was beautiful there
(c)Because it was cost effective to shoot pictures there
(d)None of the above
2.
(a)Offshore financial centers borrow from residents and lend to non-residents
(b)Offshore financial centers borrow from non-residents and lend to residents
(c)Offshore financial centers borrow from and lend to non-residents only
(d)Offshore financial centers borrow from and lend to the local population
3.
(a)The Bahamas
(b)Hong Kong
(c)Luxembourg
(d)Bahrain
4.
(a)Barbados
(b)The Bahamas
(c)Bermuda
(d)Panama
5.
(a)Bahrain began to develop an offshore financial services industry
(b)The Cayman Islands passed stringent secrecy laws
(c)Hong Kong attracted the newly emerging Euro-Deutschmark business
(d)Costa Rica began to manage the petrodollars of the OPEC
6.
(a)There are no or few taxes
(b)There is an absence of foreign exchange controls
(c)There is well-developed communication and transportation infrastructure
(d)There are stringent disclosure requirements
7.
(a)Launching an IPO and accepting deposits
(b)Taking savings deposits and providing mortgage loans
(c)Fund administration and insurance
(d)All of the above
8.
(a)To reform tax and regulatory policies
(b)To create more offshore financial centers
(c)To make big investments in infrastructure
(d)To promote political stability
9.
(a)Anguilla,China’s Hong Kong and Panama
(b)Monaco,Bahrain and Liechtenstein
(c)Aruba,Gibraltar and the Cayman Islands
(d)Singapore,Switzerland and Isle of Man
10.
(a)Because people use offshore centers to evade tax payments
(b)Because offshore centers facilitate capital flight
(c)Because people use offshore centers to do money laundering
(d)All of the above