Passage 3 Date: 26 Jan. 1993 From: the Kwangtung provincial bank, H. K. Corporate division-treasury Foreign exchange market: Dollar continued its weakness and dropped almost two pfennigs against mark on Monday dealing. Traders’ sentiment was changing greatly. At the beginning of this year, dollar rallied due to positive sentiment that the economy would recover in the expected fashion and German interest rate would ease soon. However, the hopes were dashed after a series worse-than-expected data were released and reluctance to cut rate by German Bundesbank. It seemed that the present us-German interest rate differential would be unlikely to narrow. On Monday trading, technical factor drove dollar further lower and it was quoted as low as 1.57 marks. Some dealers were quite bearish towards dollar, expecting it to ease further to 1.55 even 1.53 level in near future. Dollar also performed weak against Japanese yen. Dealers claimed that the talk of Japanese interest rate cut had been discounted, adding almost no pressure on the Japanese yen. Meanwhile, market was turning focuse on trade balance. Due to huge surplus, dealers believed that the yen should be stronger. During intraday dealing, the dollar was once quoted as low as 122. 75 yen. "Some dealers were quite bearish towards dollar." What does "bearish" mean in this sentence
A. Looking like a bear.
B. Taking an attitude of a bear.
C. Thinking the price would drop.
D. Making sth. as a bear.
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Directions: There are 10 blanks in the following passages. For each blank, there are four choices marked A, B, C and D.Passage One Liquidity risk arises from the inability of a bank to accommodate unexpected decreases in (56) or to fund increases in (57) . When a bank has (58) liquidity, it cannot obtain sufficient funds, either by increasing liabilities or by (59) assets promptly, at a reasonable cost, thereby affecting profitability. In extreme cases, insufficient liquidity can lead to the (60) of a bank.
A. adequate
B. inadequate
C. accurate
D. inaccurate
Passage Two The Securities Exchange Act of 1936 established the Securities and Exchange (61) (SEC) and gave it authority (62) the securities markets. All brokers and dealers doing business in the organized markets must register (63) the SEC. A broker assists the trading process by buying or selling securities in the market for a (n) (64) . A dealer satisfies investors’ trades by buying and selling securities from his own inventory. In addition, attempts to (65) securities prices were declared illegal.
A. buyer
B. seller
C. investor
D. producer
汉字输出码也称为汉字字形码。()
A. 对
B. 错
Directions: In this section, you will hear three short passages. At the end of each passage, you will hear some questions. The passages and the questions will be spoken only once. After you hear a question, you must choose the best answer from the four choices marked A, B, C and D. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.Passage One
A. The same system as in the western countries.
B. A mono-banking system.
C. A modern banking system.
D. A commercial banking system.