大學(xué)英語四六級考試精讀薈萃100篇(47)

1、姓名：_ 班級：_ 學(xué)號：_-密-封 -線- 大學(xué)英語四六級考試精讀薈萃100篇(47)考試時(shí)間：120分鐘 考試總分：100分題號一二三四五總分分?jǐn)?shù)遵守考場紀(jì)律，維護(hù)知識尊嚴(yán)，杜絕違紀(jì)行為，確?？荚嚱Y(jié)果公正。passage seventeen (a strong stock market)the increase in the margin rate from 50% to 70% was not an attempt to stem any rampant speculation on the part of the publicactually the market seemed tec

2、hnically quite strong, with public participation essentially dignifiedbut rather an attempt by the federal reserve board to preserve the sound underpinnings that existed in the market. naturally, such a move had a momentarily chilling effect upon prices but if the frb had been preoccupied with undue

3、 speculation, the increase might have been to the 80% or even 90% level. such an increases in the margin rate is a confirmation of a strong stock market and since 19,such increases have resulted in interim market highs over twelve months later. obviously, there could be no guarantee that this would

4、once again be the case, but if history is any guidelineand if business and corporate earnings were to continue on the same coursecontinued optimism over the outlook for the stock market would seem more prudent than pessimism.the margin increase underscored the good rise that stocks had enjoyed for t

5、he previous yearand the fact that a 50% rate was maintained as long as it was pointed up the fact that the rise was mainly conservative in that it was concentrated in the blue chips for the most part. in past investment letters we have voiced the thought that speciality stocks could outperform the g

6、eneral market from this point. we continue to believe that this could be the case. for example, steel stocks tend to sell at certain fixed price/earnings ratios. below a certain ratio they are considered good valueabove a certain ratio, overpriced. if a company produces a unique product it is far mo

7、re difficult for market analysis to place a numerical ratio upon the companys earnings. we have also contended in the past letters that the stock market reflects mass psychology as well as the business outlook. when investorsboth the public and the institutionsare nervous and pessimistic they defini

8、tely hesitate to buy stocks: they seek low price/earnings multiples and high yields. these same investorswhen they are in an optimistic frame of mindbecome for less preoccupied with yields and more wiling to pay a premium(high p/e multiples) for accelerated growth. if the publics attitude towards th

9、e auto industry is any measure, then this period seems to have been one of optimism.1. the title that best expresses the ideas of this passage isa. a time to sell stock. b. a strong stock marketc. raising the margin rate c. price/earnings ratio in steel2. when investors are pessimistic what do they

10、do?a. they look to the frb for help. b. they buy steelc. they buy automobile stocks. d. they look for high yields.3. why does the writer believe that speciality stocks could outperform the general market?a. because analysis have difficulty in deciding upon a fixed price/earnings ratio.b. because the

11、 activity had been limited to blue chips.c. because the rise was conservative.d. because of the frb action.4. when investors are optimistic, what do they do?a. they look for accelerated growth. b. they buy speciality stocks.c. they look for high yields. c. they are more prudent.vocabulary1. margin r

12、ate 保證金率，邊際比率2. rampant 無約束力，猖獗的，蔓延的3. stem 遏制4. stem from 滋長，源自5. underpin 加強(qiáng)基礎(chǔ)，支持6. underpinning 支持物，基礎(chǔ)(建筑物下的)7. preoccupy 先占，使專心于，吸引住8. undue 過分的，非法的，不適當(dāng)?shù)?. interim 間歇;暫時(shí)的，間歇的10. guideline 方針，指導(dǎo)路線11. underscore 在下面劃線，強(qiáng)調(diào)12. point up 加強(qiáng)，強(qiáng)調(diào)13. bluechip 蘭籌股票14. blue-chip 蘭籌的15. outperform 在使用上勝過16. o

13、verprice 將標(biāo)價(jià)過高17. numerical ratio 數(shù)率，數(shù)字比率18. earnings 收益，利潤，收入19. contend 競爭，堅(jiān)決主張，爭論，pointed up是謂語。第四個(gè)是in that連詞，義：因?yàn)椤懽鞣椒ㄅc文章大意文章論述“強(qiáng)勁證券市場”的種種情況。首先是聯(lián)邦儲備委員會為保持強(qiáng)股市基礎(chǔ)要求保證金率增長。這種增長過去，現(xiàn)在，將來都能鞏固強(qiáng)市。其次由于絕大部分集中在蘭籌股上，使股市看好上升趨于保守，引出行業(yè)股比普通股吃香。最后是投資者心情和股市強(qiáng)弱有關(guān)。答案祥解1. b. 強(qiáng)勁證券市場(強(qiáng)市)。見難句譯注1和第一段第三句：“那種保證金率的增長有力的鞏固了強(qiáng)勁

14、證券市場。從19年起，這種增長導(dǎo)致一年來股市屢創(chuàng)新高。a. 買出股票的時(shí)候。 c. 提高保證金率。 d. 鋼的市盈率。這三項(xiàng)都不對，它們只是文中涉及的方面。2. d. 他尋找高業(yè)績(即公司的產(chǎn)量或投資收益)。見文章倒數(shù)第三句：“當(dāng)投資者公眾和團(tuán)體機(jī)構(gòu)緊張而又悲觀時(shí)，他們肯定在買進(jìn)股票上舉棋不定;他們尋求低價(jià)格/利潤倍數(shù)和高額利潤。a. 他們尋求聯(lián)邦儲備委員會的幫助。 b. 他們買進(jìn)鋼材。 c. 他們買進(jìn)汽車股票。3. a. 因?yàn)樵跊Q定定價(jià)/利潤比上難以分析。見第二段第二句：“在過去的投資保證上我們一直表達(dá)了這樣的思想：行業(yè)股票在使用上可能超過普通股。我們依然相信情況可能就是這樣。舉例說：鋼股往往在一定價(jià)格/利潤比上拋出。低于