Soaring rates of interest have recently made it difficult for young couples to buy their o
A.rapidly rising
B.maximizing
C.overcharging
D.paddling
A.rapidly rising
B.maximizing
C.overcharging
D.paddling
听力原文: (24) The Reserve Bank of Australia said yesterday that it would cut official interest rates by 0.5 percentage points to around 7.0 percent, following falls in inflation and in an attempt to help buoy the economy.
(25) The cut is the first change in rates since December 1994, when the bank increased rates to slow the economy, but the bank warned it would lift rates again if wages grew too fast.
"The Bank's forecasts suggest that both underlying and headline inflation will be in the 2.3 percent range for some time," the central bank's governor, Bernie Fraser said, adding that wages and salaries would be the key influence on inflation.
What were the official interest rates before the Reserve Bank of Australia announced a cut?
A.Around 7.0 percent.
B.Around 7.5 percent.
C.Around 6.5 percent.
D.Around 0.5 percent.
The frugality phenomenon first achieved prominence as a middle-class (6)_____ of high consumption lifestyle. in the industrial world during the 50's and 60's. In the Silent Revolution, Ronald Inglehart of the University of Michingan's Institute of Social Research examined this (7)_____ in the United States and 10 Western European nations. He concluded that a change has taken place "from an (8)_____ emphasis on material well-being and physical security (9)_____ greater emphasis on the quality of life", that is, "a (10)_____ from materialism to postmaterialism".
Inglehart calls the 60s the "fat year". Among their more visible trappings were the ragged blue jeans favored by the affluent young. Most of them (11)_____ from materialism; however, this was (12)_____ Comfortably fixed Americans were going (13)_____, (14)_____ making things last longer, sharing things with others, learning to do things for themselves and so on. But (15)_____ economically significant, it was hardly (16)_____ in a US Gross National Product climbing vigorously toward the $2 thousand billion mark (17)_____, as the frugality phenomenon matured—growing out of the soaring 80s and into the somber 90s—it seemed to undergo a (18)_____ transformation. American consumers continued to lose (19)_____ in materialism and were being joined by new converts who were (20)_____ frugality because of the darkening economic skies they saw ahead.
A.question
B.problem
C.issue
D.dilemma
The energy consumption of new electronic gadgets at present______.
A.is nearly 1 700 terawatt hours
B.is nearly 600 terawatt hours
C.equals to the home electricity consumption of the United States
D.is greater than the home electricity consumption of Japan
Read the article about finance.
Choose the best sentence to fill each of the gaps.
For each gap 8—12 mark one letter (A—G) on your Answer Sheet.
Do not use any letter more than once.
There is an example at the beginning.
The Dollar in World Markets
According to a leading German banker, the U. S. dollar is " the most frequently discussed economic phenomenon of our times" . He adds, " …the dollar's exchange rate is at present the most important price in the world economy…" . Because the dollar acts as a world currency D The central banks of many countries hold huge reserves of dollars, and over half of all world trade is priced in terms of dollars. Any shift in the dollar's exchange rate will benefit some and hurt others. Some people suggest, therefore, …8…
The dollar's exchange rate has been too volatile and unpredictable. Several years ago the dollar was rapidly declining in value. This made it…9… The rise in the price of foreign goods made it possible for U. S. businesses to raise the price of competing goods produced here, thus worsening inflation. Foreigners who dealt in dollars or who held dollars as reserves were hurt. People in the United States who had borrowed foreign currencies found that they had to pay back more than they borrowed…10…The United States lost face in the eyes of the rest of the world.
The dollar went soaring upward, and the situation was reversed. United States exporters found it hard to sell abroad because foreigners would have to pay more for U. S. dollars. People in the United States now bought the relatively cheaper foreign goods, and U. S. manufacturers complained that they could not compete. Job losses were often blamed on the " overvalued" dollar. Poor nations…11…found it difficult to repay both the loans and the interest because they had to use more and more of their own currencies to obtain dollars. The solution to this problem is to end the system of floating exchange rates and return to fixed rates. We might even return to the gold standard.
Fixed exchange rates did not work in the past Currency values should be determined by market conditions. A drop in the exchange value of a nation's currency means that…12…that it is too inefficient to compete in world markets, that it is permitting a high rate of inflation which makes its goods too expensive, that it is going too deeply in debt, or that others have lost confidence in the nation's stability. A nation should bring its exchange rate back up by addressing these problems, not by interfering with the money market.
A that had borrowed dollars
B that the dollar's value should be more tightly controlled
C because the declining dollar would buy fewer units of the foreign money
D its value affects many nations
E difficult for Americans to purchase foreign goods and services
F that have a lot of U. S. dollars
G it is importing too much
(8)
&8226;Read the article about finance.
&8226;Choose the best sentence to fill each of the gaps.
&8226;For each gap 8—12 mark one letter (A—G) on your Answer Sheet.
&8226;Do not use any letter more than once.
&8226;There is an example at the beginning.
The Dollar in World Markets
According to a leading German banker, the U.S. dollar is "the most frequently discussed economic phenomenon of our times". He adds, "...the dollar's exchange rate is at present the most important price in the world economy..." . Because the dollar acts as a world currency its value affects many nations The central banks of many countries hold huge reserves of dollars, and over half of all world trade is priced in terms of dollars. Any shift in the dollar's exchange rate will benefit some and hurt others. Some people suggest, therefore, (8) .
The dollar's exchange rate has been too volatile and unpredictable. Several years ago the dollar was rapidly declining in value. This made it (9) The rise in the price of foreign goods made it possible for U. S. businesses to raise the price of competing goods produced here, thus worsening inflation. Foreigners who dealt in dollars or who held dollars as reserves were hurt. People in the United States who had borrowed foreign currencies found that they had to pay back more than they borrowed (10) The United States lost face in the eyes of the rest of the world.
The dollar went soaring upward, and the situation was reversed. United States exporters found it hard to sell abroad because foreigners would have to pay more for U.S. dollars. People in the United States now bought the relatively cheaper foreign goods, and U.S. manufacturers complained that they could not compete. Job losses were often blamed on the "overvalued" dollar. Poor nations (11) found it difficult to repay both the loans and the interest because they had to use more and more of their own currencies to obtain dollars. The solution to this problem is to end the system of floating exchange rates and return to fixed rates. We might even return to the gold standard.
Fixed exchange rates did not work in the past. Currency values should be determined by market conditions. A drop in the exchange value of a nation's currency means that (12) that it is too inefficient to compete in world markets, that it is permitting a high rate of inflation which makes its goods too expensive, that it is going too deeply in debt, or that others have lost confidence in the nation's stability. A nation should bring its exchange rate back up by addressing these problems, not by interfering with the money market.
A that had borrowed dollars
B that the dollar's value should be more tightly controlled
C because the declining dollar would buy fewer units of the foreign money
D its value affects many nations
E difficult for Americans to purchase foreign goods and services
F that have a lot of U. S. dollars
G it is importing too much
(8)
Some environmentalists warn that the soaring population will cause ______.
A.the degradation of people's living standard in the next century
B.the deterioration of living environment in the next century
C.the reproduction of more wild species in the next century
D.the extinction of more wild species in the next century
A.plunging
B.soaring
C.adding
D.ascending
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