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  3. On the ground floor of the Federal Reserve building in Washington, DC, there is an electronic game which tests a visitor’s skill

On the ground floor of the Federal Reserve building in Washington, DC, there is an electronic game which tests a visitor’s skill

admin2011-04-12  64
问题     On the ground floor of the Federal Reserve building in Washington, DC, there is an electronic game which tests a visitor’s skill at setting interest rates. You have to decide how to respond to events such as rising inflation or a stockmarket crash. If you get all the answers right, the machine declares you the next Fed chairman. In real life, because of huge uncertainties about data and how the economy works, there is no obviously right answer to the question of when to change interest rates. Nor is there any easy test of who will make the best Fed chairman. So who would The Economist select for the job?
    Alan Greenspan will retire as Fed chairman on January 31st, after a mere 181/2 years in the job. So George Bush needs to nominate a successor soon. Mr. Bush has a penchant for picking his pals to fill top jobs: last week he nominated his personal lawyer Harriet Miers to the Supreme Court. But his personal bank manager really would not cut the mustard as Fed chairman. This is the most important economic-policy job in America—indeed in the whole world. The Fed chairman sets interest rates with the aim of controlling inflation, which in turn helps determine the value of the dollar, the world’s main reserve currency. It is hardly surprising that financial markets worldwide can rise or fall on his every word.
    Financial markets are typically more volatile during the first year after the handover to a new chairman than during the rest of his tenure. In October 1987,barely two months after Mr. Greenspan took office, the stock market crashed. Current conditions for a handover are hardly ideal. America’s economy has never looked so unbalanced, with a negative household savings rate, a housing bubble, a hefty budget deficit, a record current-account deficit and rising inflation. Figures due on October 14th are expected to show that the 12-monthrate of inflation has risen above 4% —its highest since 1991.
Which of the following words best defines the relationship between the value of dollar and setting of interest rates?
选项 A、Counteractive.
B、Naive.
C、Interactive.
D、Novel.
答案C
解析 本题是一道细节题，测试考生全面理解原文句子，尤其是句中逻辑关系的能力。本题的答案信息来源在第二段倒数第二句，其大意是“美联储主席为了控制通货膨胀的目的而确定利率，控制通货膨胀反过来又有助于确定美元的价值”。可见，美元价值和确定利率之间的关系(the relationship between the value of dollar and setting of interest rates)是“相互作用的”(interactive)，故选项C是本题的正确答案。
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