10. Despite extensive negotiations, the chairman remained obdurate throughout the process. (A) compliant (B) impartial (C) tentative (D) stubborn II. Grammar 20% (2% for each question) Part A: Choose the answer that best completes the sentence.

20. The extent to which social media platforms influence public opinion and shape political behavior remains a subject of (A) considerable debate among researchers who study the long-term effects of digital communication on democracy institutions. (B) (C) (D) III. Cloze: Choose the answer that best fills in the blank. 10% (2 for each question) Exchange-traded funds (ETFs) have become increasingly popular among investors seeking efficient access to financial markets. Unlike traditional mutual funds, ETFs can be bought and sold throughout the trading day on stock exchanges. This feature allows investors to respond more quickly to changing market conditions. __(21)__ , ETFs combine the flexibility of individual stocks with the diversification typically associated with investment funds. Rather than concentrating on a single company or asset, many ETFs hold a broad range of securities. Some track major market indexes, while others focus on specific industries, geographic regions, or investment themes. This approach enables investors to reduce exposure to company-specific risks. __(22)__ diversification can help lower risk, it cannot completely protect investors from broad market declines. In addition to diversification, ETFs are often known for their relatively low operating costs. Because many ETFs follow predetermined indexes, they require less active management than traditional mutual funds. This cost efficiency has __(23)__ to their growing popularity among long-term investors and retirement savers. Nevertheless, investors should carefully evaluate the objectives and composition of each fund before investing. Different ETFs may hold different underlying assets and employ different strategies. Understanding how a fund is managed and what factors influence its performance can help investors make more __(24)__ decisions. Some specialized ETFs even use complex investment strategies, which may __(25)__ both potential gains and potential losses, causing investment outcomes to become more extreme during periods of market uncertainty.

10. Despite extensive negotiations, the chairman remained obdurate throughout the process.
(A) compliant
(B) impartial
(C) tentative
(D) stubborn

II. Grammar 20% (2% for each question)
Part A: Choose the answer that best completes the sentence.

相關試題

相關試卷

10. Despite extensive negotiations, the chairman remained obdurate throughout the process.(A) compliant(B) impartial(C) tentative(D) stubborn II. Grammar 20% (2% for each question) Part A: Choose the answer that best completes the sentence.

相關試題

相關試卷

10. Despite extensive negotiations, the chairman remained obdurate throughout the process.
(A) compliant
(B) impartial
(C) tentative
(D) stubborn

II. Grammar 20% (2% for each question)
Part A: Choose the answer that best completes the sentence.