简单单选
简单单选
In October 2002, Goldman Sachs and Deutsche Bank (1) a new electronic market (www. gs. com/econderivs) for economic indices that (2) substantial economic risks, such as nonfarm payroll (a measure of job availability) and retail sales. This new market was made possible by a (3) trading technology, developed by Longitude, a New York company providing software for financial markets, (4) the Parimutuel Digital Call Auction. This is "digital" (5) of a digital option ie, it pays out only if an underlying index lies in a narrow, discrete range. In effect, Longitude has created a horse race, where each "horse" wins if and (6) the specified index falls in a specified range. By creating horses for every possible (7) of the index, and allowing people to bet (8) any number of runners, the company has produced a liquid integrated electronic market for a wide array of options on economic indices.
Ten years ago it was (9) impossible to make use of electronic information about home values. Now, mortgage lenders have online automated valuation models that allow them to estimate values and to (10) the risk in their portfolios. This has led to a proliferation of types of home loan, some of (11) have improved risk-management characteristics.
We are also beginning to see new kinds of (12) for homes, which will make it possible to protect the value of (13) , for most people, is the single most important (14) of their wealth. The Yale University-Neighbourhood Reinvestment Corporation programme, (15) last year in the city of Syracuse, in New York State, may be a model for home-equity insurance policies that (16) sophisticated economic indices of house prices to define the (17) of the policy. Electronic futures markets that are based on econometric indices of house prices by city, already begun by City Index and IG Index in Britain and now (18) developed in the United States, will enable home-equity insurers to hedge the risks that they acquire by writing these policies.
These examples are not impressive successes yet. But they (19) as early precursors of a technology that should one day help us to deal with the massive risks of inequality that (20) will beset us in coming years.
A:extent B:range C:line D:area
In October 2002, Goldman Sachs and Deutsche Bank (1) a new electronic market (www. gs. com/econderivs) for economic indices that (2) substantial economic risks, such as nonfarm payroll (a measure of job availability) and retail sales. This new market was made possible by a (3) trading technology, developed by Longitude, a New York company providing software for financial markets, (4) the Parimutuel Digital Call Auction. This is "digital" (5) of a digital option: ie, it pays out only if an underlying index lies in a narrow, discrete range. In effect, Longitude has created a horse race, where each "horse" wins if and (6) the specified index falls in a specified range. By creating horses for every possible (7) of the index, and allowing people to bet (8) any number of runners, the company has produced a liquid integrated electronic market for a wide array of options on economic indices.
Ten years ago it was (9) impossible to make use of electronic information about home values. Now, mortgage lenders have online automated valuation models that allow them to estimate values and to (10) the risk in their portfolios. This has led to a proliferation of types of home loan, some of (11) have improved risk-management characteristics.
We are also beginning to see new kinds of (12) for homes, which will make it possible to protect the value of (13) , for most people, is the single most important (14) of their wealth. The Yale University-Neighbourhood Reinvestment Corporation programme, (15) last year in the city of Syracuse, in New York State, may be a model for home-equity insurance policies that (16) sophisticated economic indices of house prices to define the (17) of the policy. Electronic futures markets that are based on econometric indices of house prices by city, already begun by City Index and IG Index in Britain and now (18) developed in the United States, will enable home-equity insurers to hedge the risks that they acquire by writing these policies.
These examples are not impressive successes yet. But they (19) as early precursors of a technology that should one day help us to deal with the massive risks of inequality that (20) will beset us in coming years.
A:extent B:range C:line D:area
In October 2002, Goldman Sachs and Deutsche Bank (1) a new electronic market (www. gs. com/econderivs) for economic indices that (2) substantial economic risks, such as nonfarm payroll (a measure of job availability) and retail sales. This new market was made possible by a (3) trading technology, developed by Longitude, a New York company providing software for financial markets, (4) the Parimutuel Digital Call Auction. This is "digital" (5) of a digital option ie, it pays out only if an underlying index lies in a narrow, discrete range. In effect, Longitude has created a horse race, where each "horse" wins if and (6) the specified index falls in a specified range. By creating horses for every possible (7) of the index, and allowing people to bet (8) any number of runners, the company has produced a liquid integrated electronic market for a wide array of options on economic indices.
Ten years ago it was (9) impossible to make use of electronic information about home values. Now, mortgage lenders have online automated valuation models that allow them to estimate values and to (10) the risk in their portfolios. This has led to a proliferation of types of home loan, some of (11) have improved risk-management characteristics.
We are also beginning to see new kinds of (12) for homes, which will make it possible to protect the value of (13) , for most people, is the single most important (14) of their wealth. The Yale University-Neighbourhood Reinvestment Corporation programme, (15) last year in the city of Syracuse, in New York State, may be a model for home-equity insurance policies that (16) sophisticated economic indices of house prices to define the (17) of the policy. Electronic futures markets that are based on econometric indices of house prices by city, already begun by City Index and IG Index in Britain and now (18) developed in the United States, will enable home-equity insurers to hedge the risks that they acquire by writing these policies.
These examples are not impressive successes yet. But they (19) as early precursors of a technology that should one day help us to deal with the massive risks of inequality that (20) will beset us in coming years.
A:extent B:range C:line D:area
In October 2002, Goldman Sachs and Deutsche Bank (1) a new electronic market (www.gs.com/econderivs/) for economic indices that (2) substantial economic risks, such as nonfarm payroll ( a measure of job availability) and retail sales. This new market was made possible by a (3) rating technology, developed by Longitude, a New York company providing software for financial markets, (4) the Parimutuel Digital Call Auction. This is "digital" (5) of a digital option : ie, it pays out only if an underlying index lies in a narrow, discrete range. In effect, Longitude has created a horse race, where each "horse" wins if and (6) the specified index falls in a specified range. By creating horses for every possible (7) of the index, and allowing people to bet (8) any number of runners, the company has produced a liquid integrated electronic market for a wide array of options on economic indices.
Ten years ago it was (9) impossible to make use of electronic information about home values. Now, mortgage lenders have online automated valuation models that allow them to estimate values and to (10) the risk in their portfolios. This has led to a proliferation of types of home loan, some of (11) have improved risk-management characteristics.
We are also beginning to see new kinds of (12) for homes, which will make it possible to protect the value of (13) ,for most people, is the single most important (14) of their wealth. The Yale University-Neighbourhood Reinvestment Corporation programme, (15) last year in the city of Syracuse, in New York state, may be a model for home-equity insurance policies that (16) sophisticated economic indices of house prices to define the (17) of the policy. Electronic futures markets that are based on econometric indices of house prices by city, already begun by City Index and IG Index in Britain and now (18) developed in the United States, will enable home-equity insurers to hedge the risks that they acquire by writing these policies.
These examples are not impressive successes yet. But they (19) as early precursors of a technology that should one day help us to deal with the massive risks of inequality that (20) will beset us in coming years.
A:extent B:range C:line D:area
The role of governments in environmental management is deficit but inescapable. Sometimes, the state tries to manage the resources it owns, and does so badly. Often, (1) , governments act in an even more harmful way. They actually subsidize the exploitation and (2) of natural resources. A whole (3) of policies, from farm-price support to protection for coal-mining, do environmental damage and often (4) no economic sense. Making good policies offers a two-fold (5) : a cleaner environmentpolilicians and a more efficient economy. Crowth and environmentalism can actually go hand in hand, if politicians have the courage to (6) the vested interest that subsidies create.
No activity affects more of the earth’s surface than farming, h shapes a third of the planet’s land area, not (7) Antarctica, and the proportion is rising. World food output per head has risen by 4 percent between the 1970s and 1980s mainly as a result of increases in (8) from land already in (9) , but also because more land has been brought under the plough. Higher yields have been achieved by increased irrigation, better crop breeding, and a (10) in the use of pesticides and chemical fertilizers in the 1970s and 1980s.
All these activities may have (11) environmental impacts. For example, land clearing for agrieuhure is the largest single (12) of deforestation; chemical fertilizers and pesticides may (13) water supplies; more intensive farming and the abandonment of fallow periods (14) worsen soil erosion; and the spread of monochord and use of high-yielding varieties of euros have been accompanied by the (15) of old varieties of food plants which might have provided some (16) against pests or diseases in future. Soil erosion threatens the productivity of land in both rich and poor countries. The United States, (17) the most careful measurements have been done, discovered in 1982 that about one-fifth of its farmland was losing topsoil at a rate (18) to diminish the soil’s productivity. The country subsequently (19) a program to convert 11 percent of its cropped land to meadow or forest. Topsoil in India and China is (20) much faster than in America.
A:area B:range C:scope D:field
In October 2002, Goldman Sachs and Deutsche Bank (1) a new electronic market (www. gs. com/econderivs) for economic indices that (2) substantial economic risks, such as nonfarm payroll (a measure of job availability) and retail sales. This new market was made possible by a (3) trading technology, developed by Longitude, a New York company providing software for financial markets, (4) the Parimutuel Digital Call Auction. This is "digital" (5) of a digital option: ie, it pays out only if an underlying index lies in a narrow, discrete range. In effect, Longitude has created a horse race, where each "horse" wins if and (6) the specified index falls in a specified range. By creating horses for every possible (7) of the index, and allowing people to bet (8) any number of runners, the company has produced a liquid integrated electronic market for a wide array of options on economic indices.
Ten years ago it was (9) impossible to make use of electronic information about home values. Now, mortgage lenders have online automated valuation models that allow them to estimate values and to (10) the risk in their portfolios. This has led to a proliferation of types of home loan, some of (11) have improved risk-management characteristics.
We are also beginning to see new kinds of (12) for homes, which will make it possible to protect the value of (13) , for most people, is the single most important (14) of their wealth. The Yale University-Neighbourhood Reinvestment Corporation programme, (15) last year in the city of Syracuse, in New York State, may be a model for home-equity insurance policies that (16) sophisticated economic indices of house prices to define the (17) of the policy. Electronic futures markets that are based on econometric indices of house prices by city, already begun by City Index and IG Index in Britain and now (18) developed in the United States, will enable home-equity insurers to hedge the risks that they acquire by writing these policies.
These examples are not impressive successes yet. But they (19) as early precursors of a technology that should one day help us to deal with the massive risks of inequality that (20) will beset us in coming years.
A:extent B:range C:line D:area
Section Ⅰ Use of English Directions: Read the following text. Choose the best word (s) for each numbered blank and mark A, B, C or D on Answer Sheet 1. In October 2002, Goldman Sachs and Deutsche Bank (1) a new electronic market (www. gs. com/econderivs) for economic indices that (2) substantial economic risks, such as nonfarm payroll (a measure of job availability) and retail sales. This new market was made possible by a (3) trading technology, developed by Longitude, a New York company providing software for financial markets, (4) the Parimutuel Digital Call Auction. This is "digital" (5) of a digital option ie, it pays out only if an underlying index lies in a narrow, discrete range. In effect, Longitude has created a horse race, where each "horse" wins if and (6) the specified index falls in a specified range. By creating horses for every possible (7) of the index, and allowing people to bet (8) any number of runners, the company has produced a liquid integrated electronic market for a wide array of options on economic indices. Ten years ago it was (9) impossible to make use of electronic information about home values. Now, mortgage lenders have online automated valuation models that allow them to estimate values and to (10) the risk in their portfolios. This has led to a proliferation of types of home loan, some of (11) have improved risk-management characteristics. We are also beginning to see new kinds of (12) for homes, which will make it possible to protect the value of (13) , for most people, is the single most important (14) of their wealth. The Yale University-Neighbourhood Reinvestment Corporation programme, (15) last year in the city of Syracuse, in New York State, may be a model for home-equity insurance policies that (16) sophisticated economic indices of house prices to define the (17) of the policy. Electronic futures markets that are based on econometric indices of house prices by city, already begun by City Index and IG Index in Britain and now (18) developed in the United States, will enable home-equity insurers to hedge the risks that they acquire by writing these policies. These examples are not impressive successes yet. But they (19) as early precursors of a technology that should one day help us to deal with the massive risks of inequality that (20) will beset us in coming years.
Read the following text. Choose the best word (s) for each numbered blank and mark A, B, C or D on ANSWER SHEET 1.3（）A:extent B:range C:line D:area
The role of governments in environmental management is deficit but inescapable. Sometimes, the state tries to manage the resources it owns, and does so badly. Often, (1) , governments act in an even more harmful way. They actually subsidize the exploitation and (2) of natural resources. A whole (3) of policies, from farm-price support to protection for coal-mining, do environmental damage and often (4) no economic sense. Making good policies offers a two-fold (5) : a cleaner environmentpolilicians and a more efficient economy. Crowth and environmentalism can actually go hand in hand, if politicians have the courage to (6) the vested interest that subsidies create.
No activity affects more of the earth’s surface than farming, h shapes a third of the planet’s land area, not (7) Antarctica, and the proportion is rising. World food output per head has risen by 4 percent between the 1970s and 1980s mainly as a result of increases in (8) from land already in (9) , but also because more land has been brought under the plough. Higher yields have been achieved by increased irrigation, better crop breeding, and a (10) in the use of pesticides and chemical fertilizers in the 1970s and 1980s.
All these activities may have (11) environmental impacts. For example, land clearing for agrieuhure is the largest single (12) of deforestation; chemical fertilizers and pesticides may (13) water supplies; more intensive farming and the abandonment of fallow periods (14) worsen soil erosion; and the spread of monochord and use of high-yielding varieties of euros have been accompanied by the (15) of old varieties of food plants which might have provided some (16) against pests or diseases in future. Soil erosion threatens the productivity of land in both rich and poor countries. The United States, (17) the most careful measurements have been done, discovered in 1982 that about one-fifth of its farmland was losing topsoil at a rate (18) to diminish the soil’s productivity. The country subsequently (19) a program to convert 11 percent of its cropped land to meadow or forest. Topsoil in India and China is (20) much faster than in America.
A:area B:range C:scope D:field
您可能感兴趣的题目
