Why did the dollar rally at the beginning of the year?A．It was the beginning of the year.B．Traders' sentiment was changing greatly.C．People thought that the US economy would recover and German interest rate would ease soon.D．The present US-German interest
题目
Why did the dollar rally at the beginning of the year?
A．It was the beginning of the year.
B．Traders' sentiment was changing greatly.
C．People thought that the US economy would recover and German interest rate would ease soon.
D．The present US-German interest rate differential would be unlikely to narrow.
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更多“Why did the dollar rally at the beginning of the year?A．It was the beginning of the year.B．Traders' sentiment was changing greatly.C．People thought that the US economy would recover and German interest rate would ease soon.D．The present US-German interest”相关问题
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第1题：
At the beginning, how did many scientists view Peppeberg's work?
A． It would reveal a creature's mind.
B． It would probably end in failure.
C． It would be hard to judge its value.
D． It would be a long-term project.
正确答案：B
细节推断题。文章第一段最后一句提到“most researchers thought Pepperberg’s interspecies communication would fail”(大多数的研究者认为Pepperber9跨种族交际研究将会以失败告终)。 -
第2题：
单句理解
听力原文：For one full year when the full principal plus interest is paid together, compound interest and simple interest yield the same dollar amount.
(1)
A．If the time period of the loan is one year, the simple interest and compound interest are the same.
B．If the time period of the loan is the same, the simple interest and compound interest are the same.
C．When the full principal plus interest is paid together, compound interest and simple interest are of the same dollar amount.
D．When the full principal plus interest is paid together, compound interest and simple interest are not of the same dollar amount.
正确答案：A
解析：单句意思为“当本金和利息整整一年才一起支付时，复利计息和单利计息的数额一样”。 -
第3题：
John told us that by the end of the year they _____ together for thirty years.
A. would have been living
B. would have lived
C. would have been lived
D. will have been living
参考答案： A
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第4题：
What made dealers believe that the yen should be stronger?
A．The dollar's weakness.
B．The huge surplus in trade balance.
C．Japanese interest rate cut.
D．The market' focus turning on it.
正确答案：B
解析：文章最后一段提到Due to huge surplus,...yen should be stronger。所以B选项正确。 -
第5题：
The statements concerning nominal and real interest rate are true except that ______.
A．the nominal interest rate is the growth rate of your money
B．the real interest rate is the growth rate of your purchasing power
C．the nominal rate is the real interest rate deducted by the rate of inflation
D．all of the above statements
正确答案：C
解析：名义利率减去通货膨胀率等于实际利率。nominal interest rate名义利率。 -
第6题：
The bank (56) borrowers enough interest to pay the expense of the bank and have something left over for (57) . The interest cannot be higher than the legal rate, which is established by state law and in most states is 6% per year. (58) big loans, the interest rate is much less, even as low as 2%. The rate depends on the money market, when there is plenty of money (59) to be borrowed, banks charge low rates of interest. A savings bank may pay its depositors 2% and lend the money at 3.5% or 4%. But when money is tight, interest rates go up, and a savings bank may try to (60) depositors by offering 4% or 4.5% or even more and lending the money at 5% or 6%.
(41)
A．receives
B．gets
C．charges
D．pays
正确答案：C
解析：句意：银行向贷款人索取足够的利息以支付银行日常开销，并保证部分盈余。这里表示索取费用的词是charge。receive收到。pay支付，交纳。 -
第7题：
资料：Large industrialized are now in a recession. What are the prospects for economic recovery?
The three most important industrial economies in the world are, at the moment, facing enormous problems. Germany is struggling with the cost of reunification and is in recession. Japan is also experiencing recession and the United States has a large budget deficit.
Forecasters and analysts face questions about the prospects of an economic recovery. Here are some of their findings:
The election of a new president of the United States gave hope to the rest of the world. If the US recovered, the rest of the world would face a more promising future. However, analysts now accept that the US will only recover very slowly.
Consumer and investor confidence is still lacking. Large deficits and declining short-term interest rates mean there is little scope for economic stimulus.
The Japanese economy, after years of trade and budget surpluses, is in deep recession and the growth rate has slowed down considerably. German economists have lowered their forecasts for economic growth this year. The lowering of German interest rates may bring some relief to other members of the European Exchange Rate Mechanism （ERM）. However, Germany's importance as Europe's largest export market may decline.
However, in some parts of the world, there are more positive signs, particularly in some Latin American countries in South-East Asia. Analysts says that, as long as the rate of interest stays above the rate of growth at national income, then the ratio of debt to income will get worse. Falling interest rates help towards overcoming this problem. They believe it may take several years before there is real recovery. However, advances in technology are offering hope for the world economy.
The tone of the passage suggest that the author is ______about the world economy.A.doubtful
B.indifferent
C.positive
D.pessimistic答案：C解析：本题考查的是态度理解。
【关键词】 tone（语气）；the world economy
【主题句】最后一段However, in some parts of the world, there are more positive signs, particularly in some Latin American countries in South-East Asia. 然而，世界上其他地区发出了积极的信号，尤其是一些拉美和东南亚国家。However, advances in technology are offering hope for the world economy. 然而，技术发展为世界经济带来了希望。
【解析】题干意为“作者对于世界经济的态度是什么？” 本文论述的重点是世界经济发展趋势，所以该题考察的是全文态度。选项A意为“怀疑的”；选项B意为“漠不关心的”；选项C意为“积极的”；选项D意为“悲观的”。根据主题句，选项C符合题意。 -
第8题：
资料：Children back at school, nights slowly starting to draw in and the weather more changeable. The seasons are turning and after an eerily calm summer for financial markets, there's a whiff of uncertainty in the air. Bond yields are up from their lows, and the relentless migration of global capital towards any asset, anywhere, with some yield, is slowing.
The concern is the growing awareness of central banks' waning ability to boost growth with ever-lower interest rates and ever-bigger purchases of assets. The debate about if, when and how slowly the US Federal Reserve will raise interest drags on, but if downward pressure on global bond yields from the European Central Bank （ECB） and the Bank of Japan's （BOJ） largesse is drawing to a close, that's a bigger milestone for markets.
A world of higher bond yields is one where the pressure to seek yield in exotic places is diminished. It's also a world where the capital gains that accompanied falling yields become capital losses and investors question the merit of bonds over cash （or equities）.
This search for yield in exotic places has, since the end of January, helped the Brazilian real gain more than 20% against the US dollar, with the Russian rouble managing almost as much. The dollar, itself, has fallen back is by 7.5% fall in trade-weighted terms, unwinding nearly 40% of the gains it has seen since mind-2014.
There's no need to panic about bond yields rising, because rate rises in Japan or the Eurozone are years away and the Fed's still tinkering. But 10-year yields on both German and Japanese government bond yields fell below zero for the first time in late June. They have been edging higher through the summer. It's almost as if investors really aren't that keen on tying money up at negative yields for that long – why not stick to cash?
In the US, estimates of "neutral" real interest rates are tumbling to around zero. Estimates of how much slack there is left in the labour market are being revised up and after five years when productivity growth has averaged a measly 0.5%, there's widespread acceptance that it's unlikely to accelerate by magic.
But even if we take all of this into account, markets are now pricing in an extraordinarily slow pace of rate hikes by the Fed – from their current 0.25-0.5% range, to about 0.75% by the end of 2017 and to 1% by the end of 2018.
GDP growth still oscillates around 2%, the Fed's favoured measure of inflation is at 1.6% and the unemployment rate is trending lower. The pricing of the future path of short term rates seems too low even for the "new normal" economic environment.
All of these currencies have gained against the pound and I can't see that changing. Too much importance should not be placed on either the collapse in confidence immediately after the vote to leave the EU or the subsequent bounce.
The economic impact of leaving the EU will be felt through delayed investment decisions as a result of uncertainty about when and on what terms it happens. A debilitating rather than a corrosive impact on the economy will be seen in slower, but positive growth. It will also be felt in further （slower） sterling weakness.
The Bank of England has already cut policy rates from 0.5% to 0.25%, and there's more to come from both the Bank and the pound over the next year. A 5% fall from here would take the pound close to €1.1, and we could see it fall below $1.25 as the Federal Reserve edges rates higher.
According to the the passage which of the followings is Not true?A.In recent years central banks adopt the method of lower interest rates and asset purchases to promote economic growth but now such ability of central banks have become increasingly weaker
B.Investors doubt that the yields will decline, because the bond prices of financial market are falling
C.In the first half of this year global financial markets are as changeable as the weather changes
D.The 10-year yields German and Japanese government bond have been moving up slowly through the summer答案：B解析：本题考查的是细节理解。
【关键词】not true
【主题句】It’s also a world where the capital gains that accompanied falling yields become capital losses and investors question the merit of bonds over cash （or equities）.在这个世界里，伴随着收益率下降的资本收益变成了资本损失，投资者质疑债券的价值高于现金（或股票）。
【解析】本题问的是“根据本文以下哪一选项不是正确的？”选项A意为“近年来，中央银行采用了低利率和资产购买的方法来促进经济增长，但现在央行的这种能力变得越来越弱。”可以在文中找到依据“The concern is the growing awareness of central banks’ waning ability to boost growth with ever-lower interest rates and ever-bigger purchases of assets.问题是人们逐渐意识到，央行越来越无力以更低的利率和更大的资产购买来刺激经济增长。”故正确；选项B意为“由于金融市场的债券价格正在下跌，投资者怀疑收益率会下降。”与主题句不符，故错误；选项C意为“今年上半年，全球金融市场就像天气变化一样变化无常。”可以在文中找到依据“Children back at school, nights slowly starting to draw in and the weather more changeable.The seasons are turning and after an eerily calm summer for financial markets there’s a whiff of uncertainty in the air.孩子们回到学校后，夜晚开始慢慢地延长，天气也变得更加多变。季节在变，在金融市场度过了一段可怕的平静的夏天之后，空气中弥漫着一丝不确定的气息。”通过比喻，表示金融市场的变化无常，故正确。选项D意为“10年期德国国债和日本国债收益率在整个夏季都在缓慢上升。”，可在文中找到依据“But 10-year yields on both German and Japanese government bond yields fell below zero for the first time in late June. They have been edging higher through the summer.但德国和日本10年期国债收益率在6月底首次跌至零以下。整个夏天，他们都在逐渐上升。”故正确。 -
第9题：
资料：Large industrialized are now in a recession. What are the prospects for economic recovery?
The three most important industrial economies in the world are, at the moment, facing enormous problems. Germany is struggling with the cost of reunification and is in recession. Japan is also experiencing recession and the United States has a large budget deficit.
Forecasters and analysts face questions about the prospects of an economic recovery. Here are some of their findings:
The election of a new president of the United States gave hope to the rest of the world. If the US recovered, the rest of the world would face a more promising future. However, analysts now accept that the US will only recover very slowly.
Consumer and investor confidence is still lacking. Large deficits and declining short-term interest rates mean there is little scope for economic stimulus.
The Japanese economy, after years of trade and budget surpluses, is in deep recession and the growth rate has slowed down considerably. German economists have lowered their forecasts for economic growth this year. The lowering of German interest rates may bring some relief to other members of the European Exchange Rate Mechanism （ERM）. However, Germany's importance as Europe's largest export market may decline.
However, in some parts of the world, there are more positive signs, particularly in some Latin American countries in South-East Asia. Analysts says that, as long as the rate of interest stays above the rate of growth at national income, then the ratio of debt to income will get worse. Falling interest rates help towards overcoming this problem. They believe it may take several years before there is real recovery. However, advances in technology are offering hope for the world economy.
According to the passage, which one is NOT true?A.Consumer and investor still hold confidence in the US economy.
B.There is little scope for provoking the economy.
C.US is predicted to be recovering very slowly.
D.The US recovery would give the rest of the world a more promising future.答案：A解析：本题考查的是细节理解。
【关键词】not true
【主题句】
第5自然段Consumer and investor confidence is still lacking. 消费者和投资者的信心在减少。Large deficits and declining short-term interest rates mean there is little scope for
economic stimulus. 巨大的赤字和下跌的短期利率意味着经济刺激方案前景堪忧。However, analysts now accept that the US will only recover very slowly. 然而，分析师现在承认美国恢复速度很慢。
第4自然段If the US recovered, the rest of the world would face a more promising future. 如果美国经济能够恢复，其他国家会面临一个更有希望的未来。
【解析】题干意为“以下哪一项不正确？”选项A意为“消费者和投资者对于美国经济仍然充满信心”，和原文相反；选项B意为“刺激经济前景堪忧”；选项C意为“美国经济预计恢复十分缓慢”，选项D意为“美国的恢复会给其他国家带来更有希望的未来”，选项B、C、D与主题句一致，故选A。 -
第10题：
资料：Large industrialized are now in a recession. What are the prospects for economic recovery?
The three most important industrial economies in the world are, at the moment, facing enormous problems. Germany is struggling with the cost of reunification and is in recession. Japan is also experiencing recession and the United States has a large budget deficit.
Forecasters and analysts face questions about the prospects of an economic recovery. Here are some of their findings:
The election of a new president of the United States gave hope to the rest of the world. If the US recovered, the rest of the world would face a more promising future. However, analysts now accept that the US will only recover very slowly.
Consumer and investor confidence is still lacking. Large deficits and declining short-term interest rates mean there is little scope for economic stimulus.
The Japanese economy, after years of trade and budget surpluses, is in deep recession and the growth rate has slowed down considerably. German economists have lowered their forecasts for economic growth this year. The lowering of German interest rates may bring some relief to other members of the European Exchange Rate Mechanism （ERM）. However, Germany's importance as Europe's largest export market may decline.
However, in some parts of the world, there are more positive signs, particularly in some Latin American countries in South-East Asia. Analysts says that, as long as the rate of interest stays above the rate of growth at national income, then the ratio of debt to income will get worse. Falling interest rates help towards overcoming this problem. They believe it may take several years before there is real recovery. However, advances in technology are offering hope for the world economy.
Find words or expressions in the above article which have the meaning of “The amount by which something is less than what is needed”?A.deficit
B.surpluses
C.decline
D.recession答案：A解析：本题考查的是推理判断。
【关键词】meaning; the amount；less than needed
【主题句】第五自然段Large deficits and declining short-term interest rates mean there is little
scope for economic stimulus. 巨大的赤字和下跌的短期利率意味着经济刺激前景堪忧。
【解析】题目意为“以下哪个词的意思是‘数量低于所需’？”选项A意为“赤字”，即支出大于收入，符合题意；选项B意为“过剩”，sur-前缀表示“超过”，选项C意为“下降”，选项D意为“衰退”，均不符合题意。 -
第11题：
单选题We can conclude from the passage that Brazil’s economy ______.Akeeps growing with lower interest rates
Bis likely to grow by 4% in 2009
Cis healthy though the growth rate was not as good as expected
Dis envied by many countries though the growth rate was not as good as expected
正确答案： A解析：
题目问的是：从文中可以得出巴西经济什么信息？文章倒数第2段提到“.. forecasts a contraction of 0.1%, which would still be the envy of many of the world’s largest economies.”表示“虽然预测紧缩0.1%，但仍然会是许多大经济体妒忌的对象”，D项与之内容相符。故选D。 -
第12题：
单选题The American economy is still in trouble, _____ the Chinese economy is beginning to pick up.Awhen
Bhowever
Cwhile
Dtherefore
正确答案： A解析：
while用于二者的对比转折，意为“然而”；however然而，后跟逗号；when既然，突然；therefore因此。 -
第13题：
(b) Ambush loaned $200,000 to Bromwich on 1 December 2003. The effective and stated interest rate for this
loan was 8 per cent. Interest is payable by Bromwich at the end of each year and the loan is repayable on
30 November 2007. At 30 November 2005, the directors of Ambush have heard that Bromwich is in financial
difficulties and is undergoing a financial reorganisation. The directors feel that it is likely that they will only
receive $100,000 on 30 November 2007 and no future interest payment. Interest for the year ended
30 November 2005 had been received. The financial year end of Ambush is 30 November 2005.
Required:
(i) Outline the requirements of IAS 39 as regards the impairment of financial assets. (6 marks)
正确答案：
(b) (i) IAS 39 requires an entity to assess at each balance sheet date whether there is any objective evidence that financial
assets are impaired and whether the impairment impacts on future cash flows. Objective evidence that financial assets
are impaired includes the significant financial difficulty of the issuer or obligor and whether it becomes probable that the
borrower will enter bankruptcy or other financial reorganisation.
For investments in equity instruments that are classified as available for sale, a significant and prolonged decline in the
fair value below its cost is also objective evidence of impairment.
If any objective evidence of impairment exists, the entity recognises any associated impairment loss in profit or loss.
Only losses that have been incurred from past events can be reported as impairment losses. Therefore, losses expected
from future events, no matter how likely, are not recognised. A loss is incurred only if both of the following two
conditions are met:
(i) there is objective evidence of impairment as a result of one or more events that occurred after the initial recognition
of the asset (a ‘loss event’), and
(ii) the loss event has an impact on the estimated future cash flows of the financial asset or group of financial assets
that can be reliably estimated
The impairment requirements apply to all types of financial assets. The only category of financial asset that is not subject
to testing for impairment is a financial asset held at fair value through profit or loss, since any decline in value for such
assets are recognised immediately in profit or loss.
For loans and receivables and held-to-maturity investments, impaired assets are measured at the present value of the
estimated future cash flows discounted using the original effective interest rate of the financial assets. Any difference
between the carrying amount and the new value of the impaired asset is an impairment loss.
For investments in unquoted equity instruments that cannot be reliably measured at fair value, impaired assets are
measured at the present value of the estimated future cash flows discounted using the current market rate of return for
a similar financial asset. Any difference between the previous carrying amount and the new measurement of theimpaired asset is recognised as an impairment loss in profit or loss. -
第14题：
听力原文：M: What about the interest rate?
W: Well, the discount rate is given in accordance with the terms of the bill, time of discount, the amount, the reputation of the drawee and the drawer.
Q: What are they talking about?
(14)
A．The interest rate of savings account.
B．The discounting rate for drafts.
C．The rediscounting rate.
D．The interest rate for loans.
正确答案：B
解析：根据女士的回答，贴现率是根据单据的款项、贴现的时间和数额及出票人和收票人的信誉来定的，由此可知他们谈论的是汇票的贴现率。 -
第15题：
听力原文：The rate of interest on savings accounts is usually a little lower than that on deposit accounts.
(5)
A．There is a higher rate of interest on deposit account.
B．There is a higher rate of interest on savings account.
C．The rate of interest on deposit accounts is always much higher than that on savings accounts.
D．The rate of interest on deposit accounts is usually much lower than that on savings accounts.
正确答案：A
解析：单句意思为“储蓄账户利率通常比定期存款利率低”。 -
第16题：
单句理解
听力原文：Interest rate risk refers to the exposure of a bank's financial condition to adverse movements in interest rates.
(1)
A．Bank's financial condition is the cause of interest rate risk.
B．Bank's financial condition has impact on interest rate risk.
C．Interest rate risk occurs when interest rate moves against the bank's financial condition.
D．Interest rate risk occurs when interest rate favours the bank's financial condition.
正确答案：C
解析：单句意思为“利率风险是指银行在不利的利率变动中暴露出的财务风险”。A项因果关 系颠倒，B项没有提及，D项“favour”一词与原句“adverse”相矛盾。 -
第17题：
Boston Company, an electing S corporation, has an operating loss of $400,000 for the current year. Hank owns a 40% interest in the company and is a material participant. At the beginning of the year, Hank's adjusted basis in the stock is $30,000. During the year the company borrows $100,000 with a recourse note. How much of the loss can Hank deduct on his current-year income tax return?()
A.$0
B.$30,000
C.$70,000
D.$160,000
E.$200,000
答案：B
-
第18题：
Bonds are sold at face value when the contract rate is equal to the market rate of interest.()
正确答案：对
-
第19题：
资料：Large industrialized are now in a recession. What are the prospects for economic recovery?
The three most important industrial economies in the world are, at the moment, facing enormous problems. Germany is struggling with the cost of reunification and is in recession. Japan is also experiencing recession and the United States has a large budget deficit.
Forecasters and analysts face questions about the prospects of an economic recovery. Here are some of their findings:
The election of a new president of the United States gave hope to the rest of the world. If the US recovered, the rest of the world would face a more promising future. However, analysts now accept that the US will only recover very slowly.
Consumer and investor confidence is still lacking. Large deficits and declining short-term interest rates mean there is little scope for economic stimulus.
The Japanese economy, after years of trade and budget surpluses, is in deep recession and the growth rate has slowed down considerably. German economists have lowered their forecasts for economic growth this year. The lowering of German interest rates may bring some relief to other members of the European Exchange Rate Mechanism （ERM）. However, Germany's importance as Europe's largest export market may decline.
However, in some parts of the world, there are more positive signs, particularly in some Latin American countries in South-East Asia. Analysts says that, as long as the rate of interest stays above the rate of growth at national income, then the ratio of debt to income will get worse. Falling interest rates help towards overcoming this problem. They believe it may take several years before there is real recovery. However, advances in technology are offering hope for the world economy.
The important industrial economies mentioned in the passage are _____.A.Latin American countries and in South-East Asia
B.German, Japan and China
C.German, Japan and United States
D.Not mentioned答案：C解析：本题考查的是细节理解。
【关键词】important industrial economies mentioned in the passage
【主题句】第2自然段The three most important industrial economies in the world are, at the moment, facing enormous problems. Germany is... Japan is …and the United States….世界上最重要的三大工业经济体正面临着巨大的问题。德国…，日本…，美国…。
【解析】题目意为“文中提到的重要工业经济体有哪些？”根据主题句，重要的经济体分别是德国、日本和美国，因此选项C符合题意。 -
第20题：
资料：Bank CD is the instrument uniformly figuring in the investment options of most investors. Bank of India CDs are safe, FDIC insured & offer decent returns. There is no brokerage, no fees or hidden costs. However, the Bank may impose a fee for administrative expenses involved in any legal action in connection with the CD. Look at our ‘Star CD’ plan below.
High Interest: Higher on Large amount
Our rates on certificate of deposits are among the best in the industry. The rate may vary on day-to day basis. For CD’s of above $250,000.00, the interest is simple i.e not compounded; therefore, annual percentage yield is same as annual interest rate. The interest is payable on the day of maturity of deposit. Interest paid during the year is reported to Internal Revenue Services. For today’s rates please refer to Current Rates of Interest on STAR CDs.
Maturity Period: Flexible to your needs
You may choose any maturity date with a minimum period of 7 days to a maximum period of 1 year to suit your needs. Your CD is automatically renewed for the same period in absence of any other instruction, at the ruling rate of interest on the date of renewal. There is no grace period for automatic renewal of deposits on maturity. For deposits issued for 1 year or more, we send maturity notices to the depositors 2 to 4 weeks before the due date.
Minimum Amount: Easy to Start
The minimum amount accepted is USD 2000
Other Features:
1.FDIC Insurance Up to $100,000
2.Facility to Open Joint & Corporate Accounts
Additional Deposits:
Additional amounts deposited into an account will be treated as fresh deposits & separate certificates of deposits will be issued for such deposits.
Early Withdrawal:
Withdrawal of deposit before its date of maturity may be allowed at bank’s discretion. In that event, interest will be paid at the rate applicable for the period for which the deposit remained with the bank or the contracted rate, whichever is lower, as prevailing on the date of deposit, less one percent. However, no interest shall be paid on the deposit which runs for less than 30 days. There is no other penalty or charge on early withdrawal.
The CD’s annual percentage yield is （ ） annual interest rate.A.more than
B.less than
C.the same as
D.not comparable with答案：C解析：本题考查细节理解。
【关键词】The CD’s annual percentage yield; annual interest rate
【主题句】
第三段For CD’s of above $250,000.00, the interest is simple i.e not compounded; therefore, annual percentage yield is same as annual interest rate. 对于250,000美金以上的大额存单，利息是单利的，不是复利的；因此，其年收益与年利率相同。
【解析】题目意为“大额存单年收益率与年利率______。” 选项A意为“多于”；选项B意为“少于”；选项C意为“一样”；选项D意为“不可比拟”。根据主题句，年收益与年利率相同，因此选项C正确。 -
第21题：
资料：Large industrialized are now in a recession. What are the prospects for economic recovery?
The three most important industrial economies in the world are, at the moment, facing enormous problems. Germany is struggling with the cost of reunification and is in recession. Japan is also experiencing recession and the United States has a large budget deficit.
Forecasters and analysts face questions about the prospects of an economic recovery. Here are some of their findings:
The election of a new president of the United States gave hope to the rest of the world. If the US recovered, the rest of the world would face a more promising future. However, analysts now accept that the US will only recover very slowly.
Consumer and investor confidence is still lacking. Large deficits and declining short-term interest rates mean there is little scope for economic stimulus.
The Japanese economy, after years of trade and budget surpluses, is in deep recession and the growth rate has slowed down considerably. German economists have lowered their forecasts for economic growth this year. The lowering of German interest rates may bring some relief to other members of the European Exchange Rate Mechanism （ERM）. However, Germany's importance as Europe's largest export market may decline.
However, in some parts of the world, there are more positive signs, particularly in some Latin American countries in South-East Asia. Analysts says that, as long as the rate of interest stays above the rate of growth at national income, then the ratio of debt to income will get worse. Falling interest rates help towards overcoming this problem. They believe it may take several years before there is real recovery. However, advances in technology are offering hope for the world economy.
It could be implied that rising of the interest rate ______.A.can help towards overcoming this problem about the ratio of debt to income
B.may lead Germany's importance as Europe’s largest export market to decline
C.may bring some relief to other members of the European Exchange Rate Mechanism
D.None of above答案：D解析：本题考查的是推理判断。
【关键词】can be implied;the rising of the interest rate
【主题句】
第6自然段The lowering of German interest rates may bring some relief to other members of the European Exchange Rate Mechanism （ERM）. However, Germany’s importance as Europe’s largest export market may decline. 德国利率降低会给其他欧洲汇率机制成员国带来一些安慰，然而，德国作为欧洲最大的出口市场，其重要性会有所下降。
第7自然段Analysts says that, as long as the rate of interest stays above the rate of growth at national income, then the ratio of debt to income will get worse. Falling interest rates help towards overcoming this problem. 分析师说，只要利率保持在国民收入增长率之上，债务收入比就会变糟。利率减少才会帮助克服这一问题。
【解析】本题意为“根据推断，利率上涨会____?”
选项A意为“能帮助解决债务收入比问题”；选项B意为“可能导致作为欧洲最大出口市场的德国重要性下降”；选项C意为“可能会给其他欧洲汇率机制成员国带来一些安慰”；选项D意为“以上皆不”，根据主题句，利率下降才能出现选项A、B、C情况，因此选项D符合题意。 -
第22题：
Real interest rate 实际利率
正确答案: 以商品而不是以货币衡量的利率。所以它等于货币（或名义）利率减去通货膨胀率。 -
第23题：
问答题Practice 3 ● Read this part of a letter below from Tim McDonald, the Marketing Manager of one of your business partners. You showed interest in our latest products. We would be pleased to offer demonstration on these products either at our factory or in you own workplace. ● Write a letter to Mr. McDonaid: ● Asking him to deliver a presentation at your workplace; ● Explaining why their products interest you; ● Suggesting a possible date. ● Write 60—80 words.正确答案： 【参考范文】
Dear Mr. McDonald,
I am writing in connection with your letter of 8th May. We are very interested in your latest products because the designs are quite attractive and unique as well as the prices are reasonable. If you agreed, we would like to make an arrangement for you to give a presentation to our staff at our workplace on 5th June.
I look forward to hearing from you soon.
Faithfully yours,
Michael Brown解析： 暂无解析