金融英语练习题第二章
The Demand for Money
1. Irving Fisher took the view that the institutional features of the economy which affect velocity change _____ over time so that velocity will be fairly _____ in the short run.
A) rapidly; erratic B) rapidly; stable
C) slowly; stable D) slowly; erratic
Answer: C
2. If the money supply is 600 and nominal income is 3,000, the velocity of money is
A) 5. B) 50.C) 1/5. D) undefined.
Answer: A
3. According to the quantity theory of money demand,
A) an increase in interest rates will cause the demand for money to fall.
B) a decrease in interest rates will cause the demand for money to increase.
C) interest rates have no effect on the demand for money.
D) an increase in money will cause the demand for money to fall.
Answer: C
3. The Cambridge approach to the demand for money did not rule out the
A) effects of interest rates on the demand for money.
B) effects of wealth on the demand for money.
C) effects of income on the demand for money.
D) effects of any of the above.
Answer: D
4. Velocity, over the business cycle, tends to
A) rise during economic contractions. B) fall during economic expansion.
C) stay constant. D) fall during economic contractions.
Answer: D
5. Keynes's liquidity preference theory indicates that the demand for money
A) is purely a function of income, and interest rates have no effect on the demand for money.
B) is purely a function of interest rates, and income has no effect on the demand for money.
C) is both a function of income and interest rates.
D) is both a function of government spending and income.
Answer: C
6. Keynes's argued that when interest rates were high relative to some normal value, people would expect bond prices to _____ so the quantity of money demanded would _____.
A) increase; increase B) increase; decrease
C) decrease; decrease D) decrease; increase
Answer: B
7. Keynes's model of the demand for money suggests that velocity is _____ related to _____.
A) positively; interest rates B) negatively; interest rates
C) positively; bond values D) positively; stock prices
Answer: A
8. The Baumol-Tobin analysis suggests that a decrease in the brokerage fee for buying and selling bonds will cause the demand for money to _____ and the demand for bonds to _____.
A) increase; increase B) increase; decrease
C) decrease; decrease D) decrease; increase
Answer: D
9. Friedman's assumption that money and goods are substitutes indicates that
A) changes in the money supply have only indirect effects on aggregate spending.
B) changes in the money supply may have a direct effect on aggregate spending.
C) interest rates have no effect on money demand, implying the velocity is constant.
D) both (b) and (c) of the above are true.
Answer: B
10. Irving Fisher's view that velocity is fairly constant in the short run transforms the equation of
exchange into the
A) Cambridge theory of income determination.
B) quantity theory of money.
C) Keynesian theory of income determination.
D) monetary theory of income determination.
Answer: B
11. In the 20th century, velocity
A) has been quite stable over periods as long as a decade.
B) has grown at a constant rate.
C) has been quite volatile.
D) both (a) and (b) of the above.
Answer: C
12. Because interest rates have substantial fluctuations, the _____ theory of the demand for money
indicates that velocity has substantial fluctuations as well.
A) classical B) Cambridge C) liquidity preference D) Pigouvian
Answer: C
13. In the Baumol-Tobin analysis, the transactions demand for money is
A) negatively related to the level of income.
B) negatively related to the level of interest rates.
C) positively related to the expected return on other assets.
D) only (a) and (b) of the above.
14. In the Baumol-Tobin analysis, the transactions demand for money is
A) negatively related to the level of interest rates.
B) negatively related to the expected return on other assets.
C) positively related to the expected return on other assets.
D) only (a) and (b) of the above.
Answer: D
15. The Baumol-Tobin analysis suggests that an increase in the brokerage fee for buying and
selling bonds will cause the demand for money to ________ and the demand for bonds to ________.
A) increase; increase B) increase; decrease
C) decrease; increase D) decrease; decrease
Answer: B
16. If interest rates do not affect the demand for money, then velocity is _____ likely to be _____.
A) more; stable B) more; unstable C) more; procyclical D) less; stable
Answer: A
17. People will want to buy more when the
A) price level rises, because the interest rate rises.
B) price level rises, because the interest rate falls.
C) price level falls, because the interest rate rises.
D) price level falls, because the interest rate falls.
18. A decrease in U.S. interest rates leads to
A) a depreciation of the dollar that leads to greater net exports.
B) a depreciation of the dollar that leads to smaller net exports.
C) an appreciation of the dollar that leads to greater net exports.
D) an appreciation of the dollar that leads to smaller net exports.
19. Other things the same, as the price level falls, a country's exchange rate
A) and interest rates rise.
B) and interest rates fall.
C) falls and interest rates rise.
D) rises and interest rates fall.
20. Which of the following will both make people spend more?
A) wealth and interest rates rise.
B) wealth rises and interest rates fall.
C) wealth falls and interest rates rise.
D) wealth falls and interest rates fall.
21. An increase in the interest rate causes investment to
A) rise and the exchange rate to appreciate.
B) fall and the exchange rate to depreciate.
C) rise and the exchange rate to depreciate.
D) fall and the exchange rate to appreciate.
22. When taxes decrease, consumption
A) decreases as shown by a movement to the left along a given aggregate-demand curve.
B) decreases as shown by a shift of the aggregate demand curve to the left.
C) increases as shown by a movement to the right along a given aggregate-demand curve.
D) increases as shown by a shift of the aggregate demand curve to the right.
23. When the money supply decreases
A) interest rates fall and so aggregate demand shifts right.
B) interest rates fall and so aggregate demand shifts left.
C) interest rates rise and so aggregate demand shifts right.
D) interest rates rise and so aggregate demand shifts left.
24. Aggregate demand shifts left when the government
A) decreases taxes.
B) cuts military expenditures.
C) creates a new investment tax credit
D) None of the above is correct.
25. The long-run aggregate supply curve would shift right if the government were to
A) increase the minimum-wage.
B) make unemployment benefits more generous.
C) raise taxes on investment spending.
D) None of the above is correct.
26. The long-run aggregate supply curve shifts right if
A) the price level rises.
B) the price level falls.
C) the capital stock increases.
D) the capital stock decreases.
答案：DABBD
DDBDC
27. Other things the same, if workers and firms expected prices to rise by 2 percent but instead they rise by 3 percent, then
A) employment and production rise.
B) employment rises and production falls.
C) employment falls and production rises.
D) employment and production fall.
28. Other things the same, an unexpected fall in the price level results in some firms having
A) lower than desired prices which increases their sales.
B) lower than desired prices which depresses their sales.
C) higher than desired prices which increases their sales.
D) higher than desired prices which depresses their sales.
29. If the price level rises above what was expected and nominal wages are fixed, then
A) production becomes less profitable so firms will hire fewer workers.
B) production becomes less profitable so firms will hire more workers.
C) production becomes more profitable so firms will hire fewer workers.
D) production become more profitable so firms will hire more workers.
30. Of the following theories, which is consistent with a vertical long-run aggregate supply curve?
A) the sticky-wage theory
B) misperceptions theory
C) both the sticky-wage and misperceptions theories.
D) neither the sticky-wage nor the misperceptions theory.
31. The effects of a higher than expected price level are shown by
A) shifting the short-run aggregate supply curve right.
B) shifting the short-run aggregate supply curve left.
C) moving to the right along a given aggregate supply curve.
D) moving to the left along a given aggregate supply curve.
32. An increase in the expected price level shifts the
A) short-run and long-run aggregate supply curves left.
B) the short-run but not the long-run aggregate supply curve left.
C) the long-run but not the short-run aggregate supply curve left.
D) neither the long-run nor the short-run aggregate supply curve left.
33. Which of the following shifts the short-run aggregate supply curve to the right?
A) a decrease in the actual price level
B) an increase in the actual price level
C) a decrease in the expected price level
D) an increase in the expected price level
34. Which of the following shifts short-run aggregate supply right?
A) an increase in the price level
B) an increase in the minimum wage
C) a decrease in the price of oil
D) more people migrate abroad than immigrate from abroad
35. Other things the same, if the price level rises by 2% and people were expecting it to rise by 5%, then some firms have
A) higher than desired prices which increases their sales.
B) higher than desired prices which depresses their sales.
C) lower than desired prices which increases their sales.
D) lower than desired prices which depresses their sales.
答案：ADDDC
BCCB
金融专业英语阅读(答案)
Lesson One Translate the following passage into Chinese 1.紧缩性货币政策和扩张性货币政策都涉及到改变一个国家的货币供应量水平。 扩张性货币政策增加货币供应量，而紧缩性货币政策会减少货币供应量。 2.当联邦储备体系在公开市场上购买有价证券，会引起证券价格上涨。债券价格 和利率成反比关系。联邦贴现率就是一种利率，因此降低联邦利率实际上就是 降低利率。如果联邦储备系统决定降低法定储备要求，那么银行能够进行投资 的资金会增加。这会引起投资比如债券价格的上涨，因此利率会降低。无论联 邦储备体系用何种方法来增加货币供应量，利率都会降低，债券价格会上涨。 Translate the following sentences into English 1. China would maintain a stable currency and prudent monetary policy, and expected to stay within its growth and inflation targets this year 2.China would also maintain a prudent monetary policy to support economic development while preventing inflationary pressure and financial risks 3. China’s economy continued to grow steadily and rapidly in the first quarter, with investment in fixed assets slowing and domestic consumption accelerating. 4.because of China’s large increase in its trade surplus and foreign exchange reserves in the first quarter, the effectiveness of its monetary policy — used to help control inflation — was facing “serious challenges.” 5. The central bank would seek to further streamline its foreign exchange system to facilitate the orderly outflow of funds. At the same time, it would tighten the management of foreign exchange inflows and settlement. —Three Translation: Translate the following passage into Chinese 1．外汇交易当然是指两种不用货币之间的交易了。每一组货币的交易或“买卖”都包含两个部分。一个是即期市场，在这个市场中支付（交付）需在交易时立即进行（在实际操作中一般是在第二个交易日进行），另一个就是远期市场。远期市场的汇率是在交易的时候就先确定了，但实际的交易，或交付则是在未来的某个特定时间进行的。 2．外汇交易期权是指一种货币和另一种货币在未来进行交付的一个合同，在此合同中，
新视野大学英语第三版第二册视听说参考答案
新视野大学英语第三版第二册视听说答案 制作延安大学刘锟 Unit 1 Sharing Task 2 (1)n ew things (2)A t the moment (3)q uite difficult Task 3 1, 3, 7, 8 Task 4 1. (1) ever learned 2. (1) a combination 3.L earning to drive 4.(1) nine cases 5.F rench 6.h ated Activity 1 e-c-a-g-d-h-b-f Activity 2 (1)s peak (2)s aying the wrong (3)n ative speakers (4)p ronunciation (2)f ound (2) body movements (2) by most standards (5)t alking to himself
(6)m aking mistakes (7)l istening skills (8)l istening Activity 3 1. (1) embarrassed 2. anything you like 3. (1) voice 4. (1) how it sounds 5. on the Internet 6. sound like Viewing Task 2
Activity 1 BABA Activity 2 DABAD Role-play Task 2 Activity 1 1 Activity 2 G：1, 3, 5 (2) hear (2) pronunciation (2) the news (3) English television R ： 2, 4, 6, 7 Activity 3 1.(1) 2.(1) 3.(1) 4.(1) you should eat should not spend Why don't it's a good (2) (2) (2) (2) a good You're am not sure that's suppose so Conversations (1)a lternative (2)n umerous (3)t raditional (4)a cademic (5)c ountryside (6)a thletes (7)t ake advantage of (8)S econdary (9)i n a collective effort (10)serve as Unit test
英文版国际金融试题和答案
PartⅠ.Decide whether each of the following statements is true or false (10%)每题1分，答错不扣分1. If perfect markets existed, resources would be more mobile and could therefore be transferred to those countries more willing to pay a high price for them. ( T ) 2. The forward contract can hedge future receivables or payables in foreign currencies to insulate the firm against exchange rate risk. ( T ) 3. The primary objective of the multinational corporation is still the same primary objective of any firm, i.e., to maximize shareholder wealth. ( T ) 4. A low inflation rate tends to increase imports and decrease exports, thereby decreasing the current account deficit, other things equal. ( F ) 5. A capital account deficit reflects a net sale of the home currency in exchange for other currencies. This places upward pressure on that home currency’s value. ( F ) 6. The theory of comparative advantage implies that countries should specialize in production, thereby relying on other countries for some products. ( T ) 7. Covered interest arbitrage is plausible when the forward premium reflect the interest rate differential between two countries specified by the interest rate parity formula.( F ) 8．The total impact of transaction exposure is on the overall value of the firm. ( F ) 9. A put option is an option to sell-by the buyer of the option-a stated number of units of the underlying instrument at a specified price per unit during a specified period. ( T ) 10. Futures must be marked-to-market. Options are not. ( T ) PartⅡ:Cloze (20%)每题2分，答错不扣分 1. If inflation in a foreign country differs from inflation in the home country, the exchange rate will adjust to maintain equal( purchasing power ） 2. Speculators who expect a currency to ( appreciate ) could purchase currency futures contracts for that currency. 3. Covered interest arbitrage involves the short-term investment in a foreign currency that is covered by a ( forward contract ) to sell that currency when the investment matures. 4. （Appreciation/ Revalue ）of RMB reduces inflows since the foreign demand for our goods is reduced and foreign competition is increased. 5. ( PPP ) suggests a relationship between the inflation differential of two countries and the percentage change in the spot exchange rate over time. 6. IFE is based on nominal interest rate ( differentials ), which are influenced by expected inflation. 7. Transaction exposure is a subset of economic exposure. Economic exposure includes any form by which the firm’s ( value ) will be affected. 8. The option writer is obligated to buy the underlying commodity at a stated price if a ( put option ) is exercised 9. There are three types of long-term international bonds. They are Global bonds , ( eurobonds ) and ( foreign bonds ). 10. Any good secondary market for finance instruments must have an efficient clearing system. Most Eurobonds are cleared through either ( Euroclear ) or Cedel. PartⅢ:Questions and Calculations (60%)过程正确结果计算错误扣2分 1. Assume the following information: A Bank B Bank Bid price of Canadian dollar $0.802 $0.796 Ask price of Canadian dollar $0.808 $0.800 Given this information, is locational arbitrage possible?If so, explain the steps involved in locational arbitrage, and compute the profit from this arbitrage if you had $1,000,000 to use. (5%) ANSWER: Yes!One could purchase New Zealand dollars at Y Bank for $.80 and sell them to X Bank for $.802.With $1 million available, 1.25 million New Zealand dollars could be purchased at Y Bank.These New Zealand dollars could then be sold to X Bank for $1,002,500, thereby generating a profit of $2,500. 2. Assume that the spot exchange rate of the British pound is $1.90.How will this spot rate adjust in two years if the United Kingdom experiences an inflation rate of 7 percent per year while the United
大学英语视听说第二册
1,Music plays an important role in our daily life. For me,misic is almost like my friends.i like listening the music ,when I find some songs is pretty good ,I will learn to sing it.there are several different kinds of music .i like classical music most. though its not the most popular one,and there are not so many people have the same teste with me ,I still love it.since it can give me power and energy.some slow classical music can calm me down .of course,I also listen some pop songs.they can be singed . Love's Greeting is one of the song I like most. It gives me the sence of love .everytime I enjoy it ,I find all the pressures and sadness are disappear.yes good music have that power which can let people go out of bad mood and improve peoples happiness. https://www.360docs.net/doc/cc16881175.html,pared with watching movies in the theater ,I prefer watch it at home .in this way ,I can do what ever I want to do while I watched the movie.lying on the sofa and have something to eat is more comfortable than in the theater.as there are different kinds of movies .in terms of the contain ,I like comedy ,it always make me laugh and happy ,especially seeing it with my friends which is one of the fantastic thingi have ever experienced. some of books are made into a movie,I like read the book first ,since I can get more about the character of some people in the story first,and form my own thought of the story .and then enjoy the movie’s sounds and view.for most of people ,movies are just something of entertainment but for me it’s a good way to learn English ,I can hear the daily English and in this way ,I can improve my English. 3.Love is one of the happiest words in the world.finding his or her true love is very important for young boys and girls.for me ,I think love need time.some movies and books always descripe that a man and a woman in love at first sight ,but its not usually occurred in our daily life.when you are in love with someone ,don’t ignore you both are equal people ,boys shouldn’t pay for everything on a date. Maybe he feel it is his duty to pay for everything ,and if he doesn’t pay for it ,he will be ashamed.so ,girls can pay only a little of the bill.i believe that true love is no difference in age.if he or she have the same value and attitude to things,of course the most important love ,they c an be together.but pay more attention to marriage ,you must choose the most suitable one to get married ,because he is someone who accompany with you for the rest of your life.love is not an easy thing ,so be in love with someone more carefully. 4.In our daily life, ads can be found everywhere.but the quality of the ads is not good as everyone want it to be.there are always something unreal in ads.some sponsor even cheat the customer to make profits.because of this, I’m not fully believe in the ads.so, in my opinion, producers don’t need to pay more attention to ads.when they already be knowm by the customers ,its effective for them to put their emphases on the quality or something else.because customers buy the product, not the ads.as for the customer ,we should not always trust the ads,some of them are aggrandizement.they are not as good as they say.sometimes they maybe even bad for our health .so be careful. 5.nowadays,pets become a member of many families.dogs and cats are the most popular pets .peopl e thinks they are lovely .some of the pets can even help people to do things. Such as the dogs,they can protect their owner from being hurt .they can keep the house safety, the can also help the policeman find somebody.yet ,not everyone love to have a pet .so I never give a pet as a birthday present.unless I know she likes pets.more and more people in today have a pet .they keep them in the apartment and never let them out.in my opinion, pets have their freedom,people shouldn’t always kepp them in the room.they need frash air and beautiful sunshine.since they are our friends instead of only a pet . 6.fishion Nowadays，an increasing number of college students are pursuing fashion，which has aroused a great concern in the society. Some，even at the beginning of their college life，begin to make every effort to buy a variety of famous-brand products. Some take part in different kinds of popular entrainment activities. As a result，when it becomes a kind of luxury to pursue fashion，all these will bring about a burden to these young people financially and mentally.As far as I am concerned，college students should cherish ambitions rather than become slaves of fashion.
金融英语FECT 单选题附答案
1. Which of the following is not a function of money? ______. A. To act as a medium of exchange B. To act as a unit of account C. To act as a store of value D. To provide a double coincidence of wants E. To act as a means of payment 2. The price in the foreign exchange market is called ______. A. the trade surplus B. the exchange rate C. the money price D. the currency rate 3. Market risk refers to the risk of______. A. financial prices fluctuations B. default C. fraud D. deferred payments 4. Which of the following is not among the generally accepted accounting principles? ______. A. Cash basis B. Prudence C. Consistency D. Going concern E. Money measurement.
5. What is a documentary letter of credit? ______. A. A conditional bank undertaking to pay an exporter on production of stipulated documentation B. A method of lending against documentary security C. An international trade settlement system biased in favour of importers D. All of the above 6. Holding a group of assets reduces risk as long as the assets ______. A. are perfectly correlated B. are completely independent C. do not have precisely the same pattern of returns D. have a correlation coefficient greater than one 7. An amount, payable in money goods, or service, owed by a business to a creditor, is known as a/an . A. liability B. debt C. equity D. asset 8. What function is money serving when you buy a ticket to a movie? ______. A. store of value B. a medium of exchange C. transaction demand D. a unit of account 9. If foreigners expect that the future price of sterling will be lower, the ______. A. supply of sterling will increase, demand for sterling will fall, and the exchange rate will fall
新世纪大学英语视听说教程(第二册)
新世纪大学英语时听说教程（第二册）答案 Unit 1 Optional Listening 1 Track2-1-OL-1 Answers 2-- passport 1-- diary 3---yearbook Track2-1-OL-2 Answers 1. boyfriend 2. Europe, ship 3. sixties Optional Listening 2 Track2-1-OL-4 Answers 1. 13 2. To visit his grandparents. 3. Yes. He talked for a long time to a nice woman. 4. He had lots of fun with his grandparents and he saw lots of interesting places. In the end, he didn’t even want to go home. Optional Listening 3 Track2-1-OL-7 Answers 1. Scrapbooking is making beautiful books to hold special memories. Photos, drawings, etc. can be included in scrapbooks. 2. Old newspaper clippings, postcards, tickets, report cards, letters. 3. The “5Ws” of the photos: who, what, where, when, and why. 4. “S chool days”, “Family travel”, “Memori es of my grandparent s”, “Baby’s first year.” 5. Use imagination to design the pages, and then decorate them with felt
金融英语第十三章答案
Chapter13 (exercises) I .Answer the following questions in English. 1.Carefully describe a futures contract. A future contract is a blinding agreement between a seller and a buyer to make and to take delivery of the underlying commodity at a specified future date with agreed upon payment terms. Futures contracts are standardized with respect to the delivery month. 2.Explain how futures contracts are valued daily, It is possible to calculate a theoretical fair value for a futures contract.The fair value of a futures contract should approximately equal the current value of the underlying shares or index,plus an amount referred to as the “cost of carry”.The full value of the contract is not paid or received when the contract is established-instead both buyer and seller pay a small initial margin. 3.Describe the role of the clearinghouse in futures trading. The clearinghouse,an agency or separate corporation of a futures exchange.The clearinghouse becomes the buyer to each seller and assumes responsibility for protecting buyers and sellers from financial loss by assuring performance on each contract. 4. Explain the differences between a hedger and a speculator. The difference between hedgers an speculators is the risk. Hedgers are parties at risk with a commodity or an asset,but speculators trads futures with the objective of making a profit by being on the right side of a price move. 5. Give a brief description of the history of futures. Both the histories of futures are focused on that how people have tried to improve the effectiveness of the commercial marketplace. 6. What is key difference between forward and futures? Forward contracts and futures comparison: the former is a standardized contract, OTC, flexible and high transaction cost, risk is big. The latter are standardized contracts, exchange as a medium, investors and unlike forward contracts as the direct trading, risk is small. Options and futures comparison: futures trading both sides has rights and obligations. While the option buyer the right to sell only, only obligation. In addition from the gains and losses, the futures of profit and loss is uncertain, but the option buyer 's loss is the option premium. Ⅱ. Fill in the each blank with an appropriate word or expression.
金融英语教程目录-张铁军
Chapter 1 Money 1.1 Definition of Money 1.2 Types of Money 1.3 Functions of Money 1.4 Interest and Interest Rate 1.5 Money Supply 1.6 China's Monetary System Exercises Chapter 2 Foreign Exchange 2.1 Definitions and Quotations 2.2 Foreign Exchange Transactions Exercises Chapter 3 Balance of Payments 3.1 The Definition of BOP 3.2 The General Principle of BOP 3.3 The Components of Balance of Payment Statement 3.4 Equilibrium of BOP Exercises Chapter 4 International Monetary System 4.1 The Gold Standard 4.2 Bretton Woods System 4.3 The Jamaica System 4.4 The Present and the Future Exercises Chapter 5 Financial Market 5.1 Introduction 5.2 Money Market 5.3 Capital Market Exercises Chapter 6 Securities 6.1 Overview 6.2 Stock 6.3 Bond Exercises Chapter 7 Loans 7.1 Introduction 7.2 Major Loan Categories 7.3 Loan Classification by Risk
《金融专业英语》习题答案
Chapter One Functions of Financial Markets 一．Translate the following sentences into Chinese. 1.China’s banking industry is now supervised by the PBC and CBRC. In addition, the MOF is in charge of financial accounting and taxation part of banking regulation and management. 目前中国银行业主要由中国人民银行和银监会进行监管。此外，财政部负责银行业监管的财务会计及税收方面。 2.Currently Chinese fund management companies are engaged in the following business: securities investment fund, entrusted asset management, investment consultancy, management of national social security funds, enterprise pension funds and QDII businesses. 目前中国的基金管理公司主要从事以下业务：证券投资基金业务、受托资产管理业务、投资咨询业务、社保基金管理业务、企业年金管理业务和合格境内机构投资者业务等。 3.China's economy had 10% growth rate in the years before the world financial crisis of 2008. That economic expansion resulted from big trade surpluses and full investment. Now China is seeking to move away from that growth model. The country is working to balance exports with demand at home. 在2008年世界经济危机之前的那些年，中国经济增长速度曾达到10%。这一经济增长源于巨额贸易盈余和大量投资。中国现在正在寻求改变这一增长模式。中国正致力于平衡出口和国内需求。 二．Translate the following sentences into English 1.中国商业银行监管的程序是市场准入监管、市场运营监管和市场退出监管。 Regulatory procedures of China’s commercial banks are market access regulation, market operation regulation and market exit regulation. 2.国务院关于推进资本市场改革开放和稳定发展的若干意见。 Some opinions of the State Council on promoting the reform, opening and steady growth of the capital market 3.只有建立合理的股权结构，才能保证公司取得好的经营业绩。 Only establishing reasonable ownership structure can guarantee perfect corporate performance. 4.该公司股票暴跌，被伦敦交易所摘牌。 The company’s stock nosedived and it was delisted from the London exchange.