首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
财经
Like a ticking time bomb,the falling dollar has grabbed the attention of Japan and West Germany,forcing them to consider adoptin
Like a ticking time bomb,the falling dollar has grabbed the attention of Japan and West Germany,forcing them to consider adoptin
admin
2014-09-18
40
问题
Like a ticking time bomb,the falling dollar has grabbed the attention of Japan and West Germany,forcing them to consider adopting economic polices the United States advocates.The U.S.government wants the dollar to fall because as the dollar declines in value against the yen and Deutsche mark,U.S.goods becomes cheaper.U.S.companies then sell more at home and abroad,and U.S.trade deficit declines.Cries for trade protection abate,and the global free-trade system is preserved.
Then,the cheaper dollar makes it cheaper for many foreign investors to snap up U.S.stocks.That prompts heavy buying from abroad-especially from Japan.Also,if the trade picture is improving,that means U.S.companies eventually will be more competitive.Consequently,many investors are buying shares of export-oriented U.S.companies in anticipation of better profits in the next year or so.But that is a rather faddish notion right now;if corporate earnings are disappointing in interest rates,the stock market rally could stall.Improving U.S.competitiveness means a decline in another’s competitiveness.
Japan and West Germany are verging on recession.Their export-oriented economies are facing major problems.Japan is worried about the damage the strong yen will do to Japanese trade.West Germany is also worried.Share prices in Frankfurt plummeted this past week.Bonn is thought to be considering a cut in interest rates to boost its economy.
Could the falling dollar get out of hand? If the dollar falls too far,investors might lose confidence in U.S.investments—especially the government bond market.The money to finance the Federal budget and trade deficits could migrate elsewhere.Inflation could flare up,too,since Japanese and German manufacturers will eventually pass along price hikes—and U.S.companies might follow suit to increase their profit margins.The U.S.Federal Reserve then might need to step in and stabilize the dollar by raising interest rates.And higher interest rates could cause the U.S.economy to slow down and end the Wall Street Rally.
Worried about these side effects,Federal Reserve chairman Paul Volcher has said the dollar has fallen far enough.What is the equilibrium level? Probably near where it is or slightly lower.It all depends on when the U.S.trade deficit turns around or if investors defect from U.S.Treasury Bonds.“It requires a good deal of political patience on the part of the U.S.Congress,”says Dr.Cline,“And there must be an expectation of patience on the part of private investors.The chance are relatively good that we will avoid an investor break or panic.”
What is the main idea of this passage?
选项
A、The impression of the falling U.S.dollar.
B、The result of the U.S.falling dollar.
C、The side effect of U.S.falling dollar.
D、Japan and West Germany are worried about U.S.falling dollar.
答案
B
解析
全篇文章讲述的是美元下跌的后果。
转载请注明原文地址:https://kaotiyun.com/show/0hgc777K
本试题收录于:
英语题库银行系统招聘考试分类
0
英语
银行系统招聘考试
相关试题推荐
Atacertaintimeinourlivesweconsidereveryplaceasthepossiblesite(地点)forahouse.Ihavethussearchedthecountrywith
Atacertaintimeinourlivesweconsidereveryplaceasthepossiblesite(地点)forahouse.Ihavethussearchedthecountrywith
TheInternationalDivisionoftheSocietyforTrainingandDevelopmentholdsasfirmtoitschartertodayasitdidin1857when
Likeatickingtimebomb,thefallingdollarhasgrabbedtheattentionofJapanandWestGermany,forcingthemtoconsideradoptin
Thesmugglerinmanywaysisjustanotherinternationalbusinessmanandhisturnoverwoulddocredittomanyinternationalcorpo
Thesmugglerinmanywaysisjustanotherinternationalbusinessmanandhisturnoverwoulddocredittomanyinternationalcorpo
NewfiguresfromFrance,GermanyandItaly—thethreebiggesteconomiesinthe12countryEurozone—suggestthecontinent’seconomi
Thesmugglerinmanywaysisjustanotherinternationalbusinessmanandhisturnoverwoulddocredittomanyinternationalcorpo
随机试题
某市卷烟厂为增值税一般纳税人,主要生产A牌卷烟及雪茄烟,2020年9月发生如下业务:(1)从烟农手中购进烟叶,支付买价110万元并按规定支付了10%的价外补贴,将其运往甲企业委托加工烟丝;向甲企业支付加工费,取得增值税专用发票,注明加工费10万元、增值税
工业生产中常用的冷源与热源是冷却水和导热油。()
根据人口的性别和年龄构成绘制的人口金字塔,可用来反映
某男,19岁。贫血原因不明。试服铁剂治疗5天后复查血象,网织红细胞上升达5%,血红蛋白未见增加,镜检见红细胞大小不等,中心淡染区扩大。考虑为
生产硅酸盐水泥材料的天然岩石原料主要是下列哪一种?[2007一018,2001—031]
在三维空间中方程y2-z2=1所代表的图形是()。
进度计划制定过程的依据包括()。
社会心理学倾向于心理学的定义是()。
所谓锚定效应是指当人们需要对某个事件做定量估测时,会将某些特定数值作为起始值,起始值像锚一样制约着估测值。在做决策的时候,会不自觉地给予最初获得的信息过多的重视。根据上述定义,下列描述不属于锚定效应的是()。
Oldpeoplearealwayssayingthattheyoungpeoplearenot(31)theywere.Thesamecommentismade(32)generationtogeneratio
最新回复
(
0
)