题目内容
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The central bank cut its key interest rate by______half point, to 6.25 percent.
A．a
B．its
C．that
D．each
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更多“The central bank cut its key i…”相关的问题
A．A reduction in the discount rate
B．A reduction in reserve requirements
C．A cut in taxes
D．A sale of government securities
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.
Which of the following statements is TRUE according to the text？
A．The reason for the ECB's unwillingness to cut interest rates is that inflation was actually expected to fall in Germany.
B．In Germany consumer prices were falling.
C．Last year's oil prices dropping out of the year-on-year calculation directly leads to the drop of inflation.
D．The European Central Bank is willing to cut interest rate.
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.
听力原文： As expected, the U.S. Federal Reserve has cut interest rates for the fifth time this year to try to avoid a recession in the world's largest economy. The Fed cut rates by a half percent, to four percent, its lowest level in seven years. In a statement, the Central Bank said further cuts are likely as the economy remains weak. Many economists think monetary authorities will continue to cut rates in the months ahead to revive economic growth, which has slowed considerably. Figures released Monday showed industrial production fell in April for the seventh consecutive month-the longest stretch signs the economy is starting to re-bound since the recession year of 1982. Other reports show the economy lost more jobs in April than at any time in the past decade. Still, other market-watchers say the Central Bank may hold off on further rate cuts amid signs the economy is starting to rebound. Reports show consumer confidence and retail sales are rising. Consumer spending makes up two-thirds of U. S. economic growth. The stock market is expected to rebound further in the days ahead if the Federal Open Market Committee keeps cutting interest rates, as companies and consumers benefit from lower borrowing costs.
The US Federal Reserve has cut rates by half percent, to _______ percent, its lowest in seven years.
A．five
B．four
C．seven
D．six
SECTION C NEWS BROADCAST
Directions: In this section you will hear everything ONCE ONLY. Listen carefully and then answer the questions that follow. At the end of each news item, you will be given 10 seconds to answer the questions.
听力原文： The United States central bank has cut its main interest rate to the lowest level on record. But instead of cutting it by a fixed rate, it has opted for a target range, reducing it from 1% to between 0 and 0.25%. U.S. stock markets reacted positively. The New York Dow Jones Index closed up more than 4%. Our Washington correspondent Kevin Conolly reports.
It is a dramatic move from the Federal Reserve Board designed to signal both to Wall Street and to Main Street (6-1)the American authorities are doing eveuthing they can to fight back for the economy slides into recession. Interest rates in the US have now been cut by a full five percentage points in just over a year. (6-2) The plan is to make borrowing so cheap that liquidity returns to the economy and restores confidence and consumption levels. The outlook for the American economy remains bleak and the Fed says it's likely that rates will remain exceptionally low for some time.
Which is NOT the aim of the United States central bank to cut its main interest rate to the lowest level on record？
A．To make borrowing cheap.
B．To restore consumption level.
C．To curb people's enthusiasm for stocks.
D．To help liquidity return to the economy.
The market was cheered last week by two events that seemed to override the depressing effect of corporate profit warnings.
The U-S central bank cut interest rates for the sixth time this year in a bid to spark an economic recovery. And a U-S appeals court overturned an earlier court decision to break up software giant Microsoft.
Which of the following statements is true about the amount of cash that moves in Wall Street？
A．The amount of cash has become less.
B．There is a larger amount of cash that moves in.
C．There isn't any change of the amount of cash.
D．The amount of cash that moves in is decided by The Dow Jones Industrial Average.
The market was cheered last week by two events that seemed to override the depressing effect of corporate profit warnings.
The U-S central bank cut interest rates for the sixth time this year in a bid to spark an economic recovery. And a U-S appeals court overturned an earlier court decision to break up software giant Microsoft.
Which of the following statements is true about the amount of cash that moves in Wall Street？
A．The amount of cash has become less.
B．There is a larger amount of cash that moves in.
C．There isn't any change of the amount of cash.
D．The amount of cash that moves in is decided by The Dow Jones Industrial Average.
Based on weekly unemployment data, the rate of job reductions is slowing, and almost every economic indicator reported over the past several weeks has been encouraging. Fed Chairman Alan Greenspan had reason to be optimistic on Jan. 24, when he testified before a Senate panel and seemed far more upbeat about the economy than he had been just two weeks earlier in a speech that sparked a Wall Street sell-off.
Analysts now believe it is almost a sure bet the Fed will leave rates unchanged when the central bank announces the policy decision Wednesday at about 2:15 p.m. After an unprecedented 11 rate cuts in 2001, that would mark the first time in more than a year that the Fed's policy-setting Open Market Committee has held a formal meeting without changing rates.
On Monday, in the latest report to surpass expectations, the Commerce Department reported that new home sales rose to a seasonally adjusted annual rate of 946,000 units in December, a 5.7 percent increase over November. Last year was a record year for sales of both new and previously owned homes, as low mortgage rates offset the impact of the recession. Last week the Index of Leading Indicators posted its biggest one-month increase in more than five years, as eight of the 10 indicators that make up the index turned positive.
The weekly unemployment data show that ______.
A．more unemployed are being employed now
B．less workers are being dismissed now
C．workers are being better paid now
D．workers are more confident about their income now
a.如果中央银行通过固定市场利率来制定货币政策，描述一这时有可能出现的问题。(首先，考虑价格灵活变动的情况，并且试问当中央银行以固定利率向人们提供他们所需的所有货币的时候，你是否会找到唯一的均衡价格水平。然后，考虑存在价格黏性的情况。)
b.根据公式R-R0=a(P- P0)，其中a为正常数，P0为目标价格水平，如果中央银行在价格上升的时候提高利率，形式会发生变化吗？
c.假设中央银行的政策规则是R-R0=a(P-P0)+u，这里的u代表利率政策中的一种随机扰动。在教材中图14-12显示的超调模型中，描述了在一次未预期的随机因素u下降的情况下，经济是怎样调整到长期水平的，并且解释其中的原因。你可以将u的下降解释为中央银行削减利率，并且因此执行了一次货币扩张行动。请将这一.过程与教材中图14-13所描述的过程进行比较。
Typically central banks， rather than purposefully setting the level of the money supply， set a target level for a short-term interest rate by standing ready to lend or borrow whatever money people wish to hold at that interest rate. (When people need more money for some reason other than a change in the interest rate， the money supply therefore expands， and it contracts when they wish to hold less. In the United States， the“policy” interest rate that the Fed sets is called the federal funds rate， and it is the interest rate at which banks make overnight loans to each other.)
a. Describe the problems that might arise if a central bank sets monetary policy by holding the market interest rate constant. First， consider the flexible-price case， and ask yourself if you can find a unique equilibrium price level when the central bank simply gives people all the money they wish to hold at the pegged interest rate. Then consider the sticky-price case.)
b. Is the situation changed if the central bank raises the interest rate when prices are high， according to a formula such as R- R0=a(P- P0)， where a is a positive constant and Po a target price level？
c. Suppose the central bank's policy rule is R-R0=a(P-P0)+u， where u is a random movement in the policy
interest rate. In the overshooting model shown in Figure 14-12， describe how the economy would adjust to a permanent one-time unexpected fall in the random factor u， and why. You can interpret the fall in u as an interest rate cut by the central bank， and therefore as an expansionary monetary action. Compare your story with the one depicted in Figure14-13.
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