2. 考研
  3. In October 2002, Goldman Sachs and Deutsche Bank【C1】______a new electronic market for economic indices that 【C2】______ substanti

In October 2002, Goldman Sachs and Deutsche Bank【C1】______a new electronic market for economic indices that 【C2】______ substanti

admin2019-06-10  48
问题     In October 2002, Goldman Sachs and Deutsche Bank【C1】______a new electronic market for economic indices that 【C2】______ substantial economic risks, such as nonfarm payroll (a measure of job availability) and retail sales. This new market was made possible by a 【C3】______ rating technology, developed by Longitude, a New York company providing software for financial markets,【C4】______the Parimutuel Digital Call Auction. This is "digital" 【C5】______ of a digital option: i.e., it pays out only if an underlying index lies in a narrow, discrete range. In effect, Longitude has created a horse race, where each "horse" wins if and 【C6】______ the specified index falls in a specified range. By creating horses for every possible 【C7】______ of the index, and allowing people to bet 【C8】______ any number of runners, the company has produced a liquid integrated electronic market for a wide array of options on economic indices.
    Ten years ago it was【C9】______impossible to make use of electronic information about home values. Now, mortgage lenders have online automated valuation models that allow them to estimate values and to【C10】______the risk in their portfolios. This has led to a proliferation of types of home loan, some of【C11】______have improved risk-management characteristics.
    We are also beginning to see new kinds of【C12】______for homes, which will make it possible to protect the value of【C13】______, for most people, is the single most important【C14】______of their wealth. The Yale University-Neighbourhood Reinvestment Corporation programme,【C15】______last year in the city of Syracuse, in New York state, may be a model for home-equity insurance policies that【C16】______sophisticated economic indices of house prices to define the【C17】______of the policy. Electronic futures markets that are based on econometric indices of house prices by city, already begun by City Index and IG Index in Britain and now【C18】______developed in the United States, will enable home-equity insurers to hedge the risks that they acquire by writing these policies.
    These examples are not impressive successes yet. But they【C19】______as early precursors of a technology that should one day help us to deal with the massive risks of inequality that【C20】______will beset us in coming years.
【C13】
选项 A、what
B、those
C、where
D、it
答案A
解析 考查语法结构。分析此处的句子结构：for most people为插入语，主干是the value of______is the single most important…，of…为介词结构作定语修饰value，横线处在此结构中作主语，能引导主语从句的只有A．what。
转载请注明原文地址:https://kaotiyun.com/show/zcnZ777K
0

考研英语一

相关试题推荐
随机试题
最新回复(0)