Directions: Read the following passages and determine whether the sentences are " Right" or "Wrong". If there is not enough information to answer "Right" or "Wrong", choose "Doesn’t say". Then mark the corresponding letter on the ANSWER SHEET by drawing a single line through the center.Passage One The market for large business certificates of deposit or negotiable certificates of deposit (CDs) in denominations of $100,000 or more has been active since 1961. It is a money market specializing in the sale of Marketable, interest-yielding deposit certificates with specified maturity dates, issued by four types of financial intermediaries. Domestic CDs are issued by US banks. Dollar-de- nominated CDs issued by banks outside the United States are called Euro CDs. The CDs issued by US branches of foreign banks are called Yankee CDs. Thrift CDs are the name used to designates CDs issued by domestic thrifts. The holder of a CD who wishes to exchange it for money before its maturity date will ask a money market participant (often a commercial bank) to arrange a sale through a specialized dealer. There is an active secondary market in CDs centered in New York. There are approximately 25 dealers in CDs. The CD is an instrument that allows the depository intermediaries to raise funds at competitive market rates. It is called one of their managed liabilities. Since they loan out funds at their lending rates, they would normally keep their advertised prime rate above the CD rate. As noted previously, the prime rate formula that had been used by Citibank set the prime one-and-a-half percentage points above the previous three-week average of 90-day (3-month) CDs sold in the secondary market. The yield on 3-month CDs is usually higher than 3-month Treasury bills. Treasury bills have a lower default risk and exempt from state and local tax. This may explain the extent of the spread. Euro CDs are the negotiable certificates of deposit denominated in European currencies issued by American hanks outside the United States.
A. Right
B. Wrong
C. Doesn’t say
President Bush has once again started speaking out for comprehensive immigration reform, and a draft plan to rally Republican senators on the issue is circulating just as Congressional hearings on the issue approach. Members of Congress recognize that voters are looking for real reform that rests on resolute, effective enforcement of our immigration laws.The only serious legislative proposal on the table offers such enforcement, because it focuses on making employers accountable for their hiring practices. To that end, the bill incorporates lessons learned from the largest immigration enforcement operation ever undertaken. Last December, Department of Homeland Security agents descended on meat processing plants run by Swirl & Company in six states, arresting more than 1,200 unauthorized workers.The arrests were astonishing because Swift participates in Basic Pilot, a voluntary Department of Homeland Security program that allows employers to electronically verify the work eligibility of newly hired workers against department and Social Security databases. The program is seen as the precursor for a verification system that would become mandatory with comprehensive immigration reform. Since Swirl was using the department’s system, how did it end up with illegal workersThe Basic Pilot program has a fatal flaw, which is that it requires only electronic verification of employment qualification. An effective program should also insist on tamper-proof identification documents for job-seekers, incorporating biometrics like digital photographs and fingerprints to prove identity. Only then would it be possible to establish not only that job applicants are authorized to work, but also that they are who they say they are. Otherwise, valid Social Security numbers can be presented to employers, and Basic Pilot will verify them, but the numbers may not belong to the workers who present them.To insist on secure documents with biometric identifiers is not a call for a national ID. Green cards, temporary work permits and passports are secure and reliable for hiring purposes. Adding Social Security cards to this list, establishing a single standard for their security features, and replacing old cards over a designated period would resolve the problem on a national scale.Only then would employers be able to comply reliably with verification requirements as the basis for sound enforcement and, by extension, border control. Legal immigrants and American citizens could prove their identities and qualifications to work without facing discrimination based on appearance or language. Scarce enforcement resources could be spent on apprehending real criminals and addressing national security threats. And a new system of enforcement would at last have a chance to win back public confidence in the nation’s immigration policies. After more than 20 years of failed efforts, Congress must not bake half a loaf. Secure biometric Social Security cards are an essential ingredient in any comprehensive immigration reform. According to the text, the Basic Pilot program can only be fully effective unless()
A. more electronic registration information is needed for job-seekers.
B. workers can be proved to have a legal national ID.
C. indicators such as fingerprints are incorporated within identity cards.
D. strict verification is undertaken on validations of numbers provided by workers.
Starting with his review of Skinner’s Verbal Behavior, Noam Chomsky had led the psycholinguists who argue that man has developed an innate (天生的) capacity for dealing with the linguistic universals common to all languages. Experience and learning then provide only information about the (1) instances of those universal aspects of language which are needed to communicate with other people within a particular language (2) .This linguistic approach (3) the view that language is built upon learned associations between words. What is learned is not strings of words per se (本身), but (4) rules that enable a speaker to (5) an infinite variety of novel sentences. (6) single words are learned as concepts: they do not stand in a one-to-one (7) with the particular thing signified, but (8) all members of a general class.This view of the innate aspect of language learning is at first not readily (9) into existing psychological frameworks and (10) a challenge that has stimulated much thought and new research directions. Chomsky argues that a precondition for language development is the existence of certain principles "intrinsic (原有的) to the mind" that provide invariant structures (11) perceiving, learning and thinking. Language (12) all of these processes; thus its study (13) our theories of knowledge in general.Basic to this model of language is the notion that a child’s learning of language is a kind of theory (14) . It’s thought to be accomplished (15) explicit instruction, (16) of intelligence level, at an early age when he is not capable of other complex (17) or motor achievements, and with relatively little reliable data to go on. (18) , the child constructs a theory of an ideal language which has broad (19) power. Chomsky argues that all children could not develop the same basic theory (20) it not for the innate existence of properties of mental organization which limit the possible properties of languages. Read the following text. Choose the best word (s) for each numbered blank and mark A, B, C or D on ANSWER SHEET 1.16()
A. irrespective
B. independent
C. regardless
D. implausible
Starting with his review of Skinner’s Verbal Behavior, Noam Chomsky had led the psycholinguists who argue that man has developed an innate (天生的) capacity for dealing with the linguistic universals common to all languages. Experience and learning then provide only information about the (1) instances of those universal aspects of language which are needed to communicate with other people within a particular language (2) .This linguistic approach (3) the view that language is built upon learned associations between words. What is learned is not strings of words per se (本身), but (4) rules that enable a speaker to (5) an infinite variety of novel sentences. (6) single words are learned as concepts: they do not stand in a one-to-one (7) with the particular thing signified, but (8) all members of a general class.This view of the innate aspect of language learning is at first not readily (9) into existing psychological frameworks and (10) a challenge that has stimulated much thought and new research directions. Chomsky argues that a precondition for language development is the existence of certain principles "intrinsic (原有的) to the mind" that provide invariant structures (11) perceiving, learning and thinking. Language (12) all of these processes; thus its study (13) our theories of knowledge in general.Basic to this model of language is the notion that a child’s learning of language is a kind of theory (14) . It’s thought to be accomplished (15) explicit instruction, (16) of intelligence level, at an early age when he is not capable of other complex (17) or motor achievements, and with relatively little reliable data to go on. (18) , the child constructs a theory of an ideal language which has broad (19) power. Chomsky argues that all children could not develop the same basic theory (20) it not for the innate existence of properties of mental organization which limit the possible properties of languages. Read the following text. Choose the best word (s) for each numbered blank and mark A, B, C or D on ANSWER SHEET 1.8()
A. symbolize
B. embody
C. depict
D. represent