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America’s Federal Reserve cut interest rates by another quarter-point, to 3.75 %. Wall Street, which had been【21】for a sixth hal
America’s Federal Reserve cut interest rates by another quarter-point, to 3.75 %. Wall Street, which had been【21】for a sixth hal
admin
2011-06-29
36
问题
America’s Federal Reserve cut interest rates by another quarter-point, to 3.75 %. Wall Street, which had been【21】for a sixth half-point cut, was disappointed. The Dow fell by 2%【22】the week. The past week’s economic statistics gave mixed signals. Exports dropped by 2% in both March and April, largely【23】a decline in high-tech investment【24】;the merchandise-trade【25】widened to $ 458 billion in the 12 months【26】April.【27】,the Conference Board’s index of consumer confidence was higher than【28】in June.
Concerns【29】inflation in the Euro area【30】. Preliminary data【31】that German consumer price inflation fell to 3. 1% in the year to June, from 3.5 % in May; wage growth【32】to 1.4% in April, a real pay cut of 1.5%. Some economists fear that Germany is on the【33】of recession. The IFO index of business confidence dropped more【34】than expected in May, and the institute has cut its forecast of GDP【35】this year to only 1.2% ,well below the German government’s forecast of 2%.
选项
A、deficit
B、shortage
C、scarcity
D、shortfall
答案
A
解析
本题考核的知识点是名词辨析。四个选项都有“短缺”的含义,但trade deficit是常见贸易词语,表示“贸易逆差”,故选A。到四月份,一年中商品贸易逆差扩大到4580亿美元。
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