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
外语
The Dollar in World Markets According to a leading German banker, the U.S. dollar is "the most frequently discussed economic phe
The Dollar in World Markets According to a leading German banker, the U.S. dollar is "the most frequently discussed economic phe
admin
2009-06-15
30
问题
The Dollar in World Markets
According to a leading German banker, the U.S. dollar is "the most frequently discussed economic phenomenon of our times." He adds, "...the dollar’s exchange rate is at present the most important price in the world economy..."(46)The central banks of many countries hold huge reserves of dollars, and over half of all world trade is priced in terms of dollars. Any shift in the dollar’s exchange rate will benefit some and hurt others.(47).
The dollar’s exchange rate has been too volatile and unpredictable. Several years ago the dollar was rapidly declining in value.(48)The rise in the price of foreign goods made it possible for U.S. businesses to raise the price of competing goods produced here, thus worsening inflation. Foreigners who dealt in dollars or who held dollars as reserves were hurt. People in the United States who had borrowed foreign currencies found that they had to pay back more than they borrowed because the declining dollar would buy fewer units of the foreign money.(49).
The dollar went soaring upward, and the situation was reversed. United States exporters found it hard to sell abroad because foreigners would have to pay more for U.S. dollars. People in the United States now bought the relatively cheaper foreign goods, and U.S. manufacturers complained that they could not compete. Job losses were often blamed on the "overvalued" dollar. Poor nations that had borrowed dollars found it difficult to repay both the loans and the interest because they had to use more and more of their own currencies to obtain dollars.
(50)We might even return to the gold standard.
Fixed exchange rates did not work in the past. Currency values should be determined by market conditions. A drop in the exchange value of a nation’s currency means that it is importing too much, that it is too inefficient to compete in world markets, that it is permitting a high rate of inflation which makes its goods too expensive, that it is going too deeply in debt, or that others have lost confidence in the nation’s stability. A nation should bring its exchange rate back up by addressing these problems, not by interfering with the money market.
A The solution to this problem is to end the system of floating exchange rates and return to fixed rates.
B Some people suggest, therefore, that the dollar’s value should be more tightly controlled.
C The United States lost face in the eyes of the rest of the world.
D Because the dollar acts as a world currency, its value affects many nations.
E This made it difficult for Americans to purchase foreign goods and services.
F Those who borrowed a lot of money from a bank suffered most.
选项
答案
E
解析
本段主要讲美元大幅贬值而引起的连锁反应。前一句说几年前美元曾大幅贬值,E说:“这使美国人很难购买外国产品和服务。”根据常识,这是美元贬值的直接后果,其中this指的是前一句说的美元大幅贬值这件事。
转载请注明原文地址:https://kaotiyun.com/show/DPGd777K
本试题收录于:
职称英语综合类基础题库职称英语分类
0
职称英语综合类基础
职称英语
相关试题推荐
ProblemsoftheElderlyGerontologists(老年人问题学者)studyhowoldpeoplearetreatedwithinasocietyandhowtheelderlydeal
CarefulobservationsandsystematicstudiesofsunspotsSunspotsarecoolerthantherestofthesun’ssurfacebecause
WaterFromthebeginning,waterhasfurnishedmanwithasourceoffoodandahighwaytotravelupon.Thefirst(51)arosewhere
TheDevelopmentofRubberHereisthestoryofrubber.Fromtheearliesttimeitwascommonknowledge(51)thePeruviansthatwhe
TooLatetoRegretItWhenIwasajunior,Imetasecond-yearstudentinmydepartment.Hewasn’ttallorgood-looking,buthe
Jackpackedupallthethingshehadaccumulatedoverthe(last)tenyears.
LookingtotheFutureWhenamagazineforhigh-schoolstudentsaskeditsreaderswhatlifewouldbelikeintwentyyears,th
Ididn’tparticularlywanttogo,butIhadto.
Maryhasblendedtheingredients.
WheredidMilosevicdie?WhichofthefollowingisNOTtreeoftheyoungMilosevic?
随机试题
支票的付款时间应为_________。
男性,60岁。粘连性肠梗阻5天,出现呼吸深快。查体:面部潮红,心率110次/分,血压90/60mmHg,腱反射减弱。化验:血pH7.20,血浆HCO3-15mmol/L。
对于股东乙股份,()。上题中,若乙欲将股权转让给王某,丙、丁坚决反对,要求乙按照同样条件将股权转让给他们;而甲、戊坚决反对乙将股权转让给丙、丁,则丙、丁对于乙的股权()。
在工程质量验收各层次中,总监理工程师可以组织或参与( )的验收。
家用电卷发器
()是反映负荷量大小的指标,一般包括次数、时间、距离、重量等。
对牛弹琴:公明仪
中国梦是人民的。中国特色社会主义的伟大事业,需要亿万人民群众的共同奋斗,需要形成一个能够凝聚和团结最广大人民力量的思想武器。习近平同志当选总书记以来多次在国内外各个场合,深刻阐述实现中华民族伟大复兴的“中国梦”包括国家富强、民族振兴、人民幸福三个层面。其中
例如:她很活泼,说话很有趣,总能给我们带来快乐,我们都很喜欢和她在一起。她是个什么样的人?A幽默AB马虎C骄傲D害羞《人与自然》这个节目一直很受欢迎。通过这个节目,观众不但能学到很多自然科学知识,还可以看到许多美丽的自然风景。《人与自然》
Heofferedto______herahandasthesuitcasewastooheavyforhertocarry.
最新回复
(
0
)