Text 3
The US dollar reached an all-time low against the euro yesterday for the fourth straight day, briefly pushing the European currency above ＄1.33 before recovering slightly, amid concerns about the twin US deficits and the lack of any central bank action to stop the dollar’s decline.
The dollar also dipped to a nearly five-year low against the yen, but later regained ground.
Yesterday, the euro rose to ＄1. 3329 in early trading before dipping back to ＄1. 3290 later in New York. The euro topped ＄1.32 for the first time the day before in European trading. US markets were closed Thursday for the Thanksgiving holiday.
The dollar also traded near its lowest levels since December 1999 against the Japanese yen yesterday, slipping to 102.56 yen, down from 102.81 late Wednesday in New York.
One reason the euro has kept rising is a lack of concerted action by central banks to support the dollar by selling holdings of the other major currencies.
"＄1.35 is definitely on the cards now--as for how soon we’ll get there, I’m not sure," said Riz Din, a currency analyst with Barclay’s Capital in London.
"It increasingly looks as if, despite weaker data in the euro area, the prospects for intervention.., are very, very low at current rates."
The latest dollar collapse, fueled by concerns over the US trade and budget deficits, has taken the euro from around ＄1.20 about two months ago.
Because the euro’s rise tends to make European products more expensive, European leaders have voiced fears that it might hurt the continent’s export-driven economic recovery. The European Central Bank’s president has called the rapid increase "brutal".
But the dollar’s weakness is good news for US exporters, helping make American products less expensive overseas.
Commerzbank economist Michael Schubert said speculation against the dollar was making its slide "a bit faster than I had expected".
"Obviously, it’s difficult to stop the train," Mr. Schubert said in Frankfurt. A combination of intervention by central banks and positive US economic data could apply the brakes, he added.
Economists say the European Central Bank (ECB) is wary of intervening in the currency markets on its own and the United States Would be unlikely to join in such a move.

The factor NOT accounting for the slide of dollar is（）

A:the US trade and budget deficits. B:the lack of any central bank action. C:the speculation against the dollar. D:the sales of other major currencies.

Text 3
The US dollar reached an all-time low against the euro yesterday for the fourth straight day, briefly pushing the European currency above ＄1.33 before recovering slightly, amid concerns about the twin US deficits and the lack of any central bank action to stop the dollar’s decline.
The dollar also dipped to a nearly five-year low against the yen, but later regained ground.
Yesterday, the euro rose to ＄1. 3329 in early trading before dipping back to ＄1. 3290 later in New York. The euro topped ＄1.32 for the first time the day before in European trading. US markets were closed Thursday for the Thanksgiving holiday.
The dollar also traded near its lowest levels since December 1999 against the Japanese yen yesterday, slipping to 102.56 yen, down from 102.81 late Wednesday in New York.
One reason the euro has kept rising is a lack of concerted action by central banks to support the dollar by selling holdings of the other major currencies.
"＄1.35 is definitely on the cards now--as for how soon we’ll get there, I’m not sure," said Riz Din, a currency analyst with Barclay’s Capital in London.
"It increasingly looks as if, despite weaker data in the euro area, the prospects for intervention.., are very, very low at current rates."
The latest dollar collapse, fueled by concerns over the US trade and budget deficits, has taken the euro from around ＄1.20 about two months ago.
Because the euro’s rise tends to make European products more expensive, European leaders have voiced fears that it might hurt the continent’s export-driven economic recovery. The European Central Bank’s president has called the rapid increase "brutal".
But the dollar’s weakness is good news for US exporters, helping make American products less expensive overseas.
Commerzbank economist Michael Schubert said speculation against the dollar was making its slide "a bit faster than I had expected".
"Obviously, it’s difficult to stop the train," Mr. Schubert said in Frankfurt. A combination of intervention by central banks and positive US economic data could apply the brakes, he added.
Economists say the European Central Bank (ECB) is wary of intervening in the currency markets on its own and the United States Would be unlikely to join in such a move.

It can be inferred from the text that（）

A:the euro will stop at a high level all along. B:there is no way for US to brake the falling of dollar. C:ECB is very cautious in taking measures to intervene in the currency market. D:US Federal Reserve would help ECB by showing positive economic data openly.

Text 3 The US dollar reached an all-time low against the euro yesterday for the fourth straight day, briefly pushing the European currency above ＄1.33 before recovering slightly, amid concerns about the twin US deficits and the lack of any central bank action to stop the dollar’s decline. The dollar also dipped to a nearly five-year low against the yen, but later regained ground. Yesterday, the euro rose to ＄1. 3329 in early trading before dipping back to ＄1. 3290 later in New York. The euro topped ＄1.32 for the first time the day before in European trading. US markets were closed Thursday for the Thanksgiving holiday. The dollar also traded near its lowest levels since December 1999 against the Japanese yen yesterday, slipping to 102.56 yen, down from 102.81 late Wednesday in New York. One reason the euro has kept rising is a lack of concerted action by central banks to support the dollar by selling holdings of the other major currencies. "＄1.35 is definitely on the cards now--as for how soon we’ll get there, I’m not sure," said Riz Din, a currency analyst with Barclay’s Capital in London. "It increasingly looks as if, despite weaker data in the euro area, the prospects for intervention.., are very, very low at current rates." The latest dollar collapse, fueled by concerns over the US trade and budget deficits, has taken the euro from around ＄1.20 about two months ago. Because the euro’s rise tends to make European products more expensive, European leaders have voiced fears that it might hurt the continent’s export-driven economic recovery. The European Central Bank’s president has called the rapid increase "brutal". But the dollar’s weakness is good news for US exporters, helping make American products less expensive overseas. Commerzbank economist Michael Schubert said speculation against the dollar was making its slide "a bit faster than I had expected". "Obviously, it’s difficult to stop the train," Mr. Schubert said in Frankfurt. A combination of intervention by central banks and positive US economic data could apply the brakes, he added. Economists say the European Central Bank (ECB) is wary of intervening in the currency markets on its own and the United States Would be unlikely to join in such a move.

It can be inferred from the text that（）

A:the euro will stop at a high level all along. B:there is no way for US to brake the falling of dollar. C:ECB is very cautious in taking measures to intervene in the currency market. D:US Federal Reserve would help ECB by showing positive economic data openly.

Text 3 The US dollar reached an all-time low against the euro yesterday for the fourth straight day, briefly pushing the European currency above ＄1.33 before recovering slightly, amid concerns about the twin US deficits and the lack of any central bank action to stop the dollar’s decline. The dollar also dipped to a nearly five-year low against the yen, but later regained ground. Yesterday, the euro rose to ＄1. 3329 in early trading before dipping back to ＄1. 3290 later in New York. The euro topped ＄1.32 for the first time the day before in European trading. US markets were closed Thursday for the Thanksgiving holiday. The dollar also traded near its lowest levels since December 1999 against the Japanese yen yesterday, slipping to 102.56 yen, down from 102.81 late Wednesday in New York. One reason the euro has kept rising is a lack of concerted action by central banks to support the dollar by selling holdings of the other major currencies. "＄1.35 is definitely on the cards now--as for how soon we’ll get there, I’m not sure," said Riz Din, a currency analyst with Barclay’s Capital in London. "It increasingly looks as if, despite weaker data in the euro area, the prospects for intervention.., are very, very low at current rates." The latest dollar collapse, fueled by concerns over the US trade and budget deficits, has taken the euro from around ＄1.20 about two months ago. Because the euro’s rise tends to make European products more expensive, European leaders have voiced fears that it might hurt the continent’s export-driven economic recovery. The European Central Bank’s president has called the rapid increase "brutal". But the dollar’s weakness is good news for US exporters, helping make American products less expensive overseas. Commerzbank economist Michael Schubert said speculation against the dollar was making its slide "a bit faster than I had expected". "Obviously, it’s difficult to stop the train," Mr. Schubert said in Frankfurt. A combination of intervention by central banks and positive US economic data could apply the brakes, he added. Economists say the European Central Bank (ECB) is wary of intervening in the currency markets on its own and the United States Would be unlikely to join in such a move.

The factor NOT accounting for the slide of dollar is（）

A:the US trade and budget deficits. B:the lack of any central bank action. C:the speculation against the dollar. D:the sales of other major currencies.

Dollars and cents are the basic units of American money. The back of all dollar bills are green (hence "greenbacks"). The commonly used coins are: one cent (penny), five cents (nickel), 10 cents (dime), and 25 cents (quarter). 50 pieces (half dollar) and silver dollars (not really silver anymore) are gaining in usage, while there has been talk of phasing out the penny that’s inflation for you. "Always carry plenty of quarters when travelling. Very useful for phones, soda machines, laundry machines, etc."
There is generally no problem in using US dollars in Canada, but this is never possible in reverse. It’s useful always to carry small change for things like exact fare buses, but do not carry large sums of cash. Instead keep the bulk of your money in travellers’ cheques which can be purchased both in the US and abroad and should be in dollar denominations. The best known cheques are those of American Express, so you will have the least difficulty cashing these, even in out of the way places. Thomas Cook travellers’ cheques are also acceptable, especially as lost ones can be reclaimed at some car rental companies. Dollar denomination cheques can be used like regular money. There’s no need to cash them at a bank: use them instead to pay for meals, supermarket purchases or whatever. Ten or twenty dollar cheques are accepted like this almost always and you’ll be given change just as though you’d presented the cashier with dollar bills. Be prepared to show ID when you cash your cheques.
Credit cards can be even more valuable than travellers’ cheques, as they are often used to guaraniee room reservations over the phone and are accepted in lieu of deposit when renting a car—indeed without a credit card you may be considered so untrustworthy that not only a deposit but your passport will be held as security too. The major credit cards are VISA, Master Charge and Access, Diners Club and American Express. If you hold a bank card, it could well be worthwhile to increase your credit limit for travel purposes—you should ask your bank manager.

Which of the following statements is TRUE（）

A:Credit cards have more advantages than travellers’ cheques. B:Dollar bills are as convenient as credit cards. C:One-cent coins have been withdrawn from circulation. D:You can increase your credit limit as you like.

Dollars and cents are the basic units of American money. The back of all dollar bills are green (hence "greenbacks"). The commonly used coins are: one cent (penny), five cents (nickel), 10 cents (dime), and 25 cents (quarter). 50 pieces (half dollar) and silver dollars (not really silver anymore) are gaining in usage, while there has been talk of phasing out the penny that’s inflation for you. "Always carry plenty of quarters when travelling. Very useful for phones, soda machines, laundry machines, etc."
There is generally no problem in using US dollars in Canada, but this is never possible in reverse. It’s useful always to carry small change for things like exact fare buses, but do not carry large sums of cash. Instead keep the bulk of your money in travellers’ cheques which can be purchased both in the US and abroad and should be in dollar denominations. The best known cheques are those of American Express, so you will have the least difficulty cashing these, even in out of the way places. Thomas Cook travellers’ cheques are also acceptable, especially as lost ones can be reclaimed at some car rental companies. Dollar denomination cheques can be used like regular money. There’s no need to cash them at a bank: use them instead to pay for meals, supermarket purchases or whatever. Ten or twenty dollar cheques are accepted like this almost always and you’ll be given change just as though you’d presented the cashier with dollar bills. Be prepared to show ID when you cash your cheques.
Credit cards can be even more valuable than travellers’ cheques, as they are often used to guaraniee room reservations over the phone and are accepted in lieu of deposit when renting a car—indeed without a credit card you may be considered so untrustworthy that not only a deposit but your passport will be held as security too. The major credit cards are VISA, Master Charge and Access, Diners Club and American Express. If you hold a bank card, it could well be worthwhile to increase your credit limit for travel purposes—you should ask your bank manager.
Which of the following statements is TRUE ______

A:Credit cards have more advantages than travellers’ cheques. B:Dollar bills are as convenient as credit cards. C:One-cent coins have been withdrawn from circulation. D:You can increase your credit limit as you lik

Dollars and cents are the basic units of American money. The back of all dollar bills are green (hence "greenbacks"). The commonly used coins are: one cent (penny), five cents (nickel), 10 cents (dime), and 25 cents (quarter). 50 pieces (half dollar) and silver dollars (not really silver anymore) are gaining in usage, while there has been talk of phasing out the penny that’s inflation for you. "Always carry plenty of quarters when travelling. Very useful for phones, soda machines, laundry machines, etc."
There is generally no problem in using US dollars in Canada, but this is never possible in reverse. It’s useful always to carry small change for things like exact fare buses, but do not carry large sums of cash. Instead keep the bulk of your money in travellers’ cheques which can be purchased both in the US and abroad and should be in dollar denominations. The best known cheques are those of American Express, so you will have the least difficulty cashing these, even in out of the way places. Thomas Cook travellers’ cheques are also acceptable, especially as lost ones can be reclaimed at some car rental companies. Dollar denomination cheques can be used like regular money. There’s no need to cash them at a bank: use them instead to pay for meals, supermarket purchases or whatever. Ten or twenty dollar cheques are accepted like this almost always and you’ll be given change just as though you’d presented the cashier with dollar bills. Be prepared to show ID when you cash your cheques.
Credit cards can be even more valuable than travellers’ cheques, as they are often used to guaraniee room reservations over the phone and are accepted in lieu of deposit when renting a car—indeed without a credit card you may be considered so untrustworthy that not only a deposit but your passport will be held as security too. The major credit cards are VISA, Master Charge and Access, Diners Club and American Express. If you hold a bank card, it could well be worthwhile to increase your credit limit for travel purposes—you should ask your bank manager.
Which of the following statements is TRUE ______

A:Credit cards have more advantages than travellers’ cheques. B:Dollar bills are as convenient as credit cards. C:One-cent coins have been withdrawn from circulation. D:You can increase your credit limit as you lik

Singapore dollar is the currency of（）

A:Japan B:Thailand C:Singapore D:Korea