📚 Key vocabulary balance of payments — a record of all economic transactions between a country and the rest of the world over a period venture capital — financing provided to startups and early-stage companies with high growth potential in exchange for equity private equity — investment capital used to acquire or invest in companies that are not publicly listed on a stock exchange hedge — an investment or strategy used to reduce the risk of adverse price movements in an asset derivatives — financial contracts whose value is derived from the performance of an underlying asset or index capital gains — profit made from selling an asset at a higher price than it was purchased for dividend — a portion of a company's profits paid regularly to shareholders as a return on their investment IPO (Initial Public Offering) — the first sale of a company's shares to the public on a stock exchange leverage — the use of borrowed capital to increase the potential return of an investment portfolio — a collection of financial investments such as stocks, bonds, and cash equivalents held by an investor
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Choose the best response to complete each of the sentences below.
1. A __________________________ is someone who buys and sells stock.
Correct answer: stockbroker.
2. An insurance broker can help you find a suitable insurance ____________________ at a competitive price.
Correct answer: policy.
3. A tax consultant is someone who can ____________________ you on tax matters.
Correct answer: advise.
4. A tax ____________________ checks whether individuals or organizations have reported and paid the correct tax.
Correct answer: inspector.
5. A company's finance ____________________, often called the CFO, oversees its financial strategy and operations.
Correct answer: director.
6. A bank _______________________ is a bank employee who deals directly with most customers.
Correct answer: teller/cashier.
7. A bank manager is the person responsible for a particular _______________________ of a bank.
Correct answer: branch.
8. A financial advisor is someone who advises people on how to __________________________ their finances. (meaning: financial affairs)
Correct answer: manage.
9. My __________________________ always prepares my tax return for me.
Correct answer: accountant.
10. A venture capitalist is basically _________________________.