increase, engage, capital, protect, failures, fail, interests, efficiently,
expensive, align, protect, insurance, defraud, losses, closes
Bank managers and owners must not be given incentives to【1】in behavior. detrimental to the whole banking system. They must either run their banks【2】or face failure. Deposit insurance is meant to【3】the banking system, not poorly run banks. The fact is that bank【4】are often self-inflicted by owners and managers who mismanage. Such losses can be reduced if the supervisor【5】the bank before it fails totally, since delaying a bank closing or sale tends to increase【6】and to spread them to the banking system as a whole.
Even without deposit insurance, bank managers may pursue their own【7】at the expense of the bank. But the problem gets worse with【8】. Managers may indulge in such excesses as high salaries,【9】buildings, and lavish furnishings. To combat this problem, managers could receive an "incentive-compatible contract" to【10】their interests with those of the owners. When the hank is sound, managers can best【11】their professional reputations by keeping it so. However, if a bank begins to【12】and no proper incentive exists to protect its【13】, managers may join owners in being prepared to gamble for recovery by making high-risk loans or to loot or【14】the bank. At that point deposit insurance could【15】their opportunities to do so.
(1)
第1题
A、increase profits
B、reduce risk
C、increase risk
D、all of the above
E、both (a) and (b) of the above
第2题
A.Proposed Solution
B.Conclusion
C.Introduction
D.Statement of Problem
第3题
What does the evidence show in the second paragraph?
A.The evidence suggests that EU firms show a comparable FDI response if they are targeted by US antidumping actions.
B.The evidence shows the possibility of a 'protection building equilibrium'.
C.A foreign firm that intends to engage in second period FDI increases its first period export in order to increase the level of protection faced by the rival foreign firm.
D.The evidence implies that they are concerned with the effects of economic integration involving the abolition of antidumping law.
第4题
?Read the extract below about advertising.
?For each question 31-40, write one word in CAPITAL LETTERS on your Answer Sheet.
Is More Advertising Needed
The effectiveness of advertising is a hugely controversial area. Conventional wisdom in the industry is that sales may well increase for a Certain period even after the advertising of a product ends. But (31) comes a point when sales start to decline and it then becomes extremely expensive to rebuild the brand. This supports the idea of continuous advertising. But some people in the industry believe the conventional wisdom is (32) longer true. When America's big TV networks reached prime-time audiences of 90% of households, they were a powerful way to build a brand. (33) that those audiences might be as low as one-third of households, other ways of promoting a brand have (34) more competitive. Moreover, many clients never really embraced continuous advertising: when times get tough, just as they (35) after 2000, one of the first things many companies cut is their ad budget.
Robert Shaw, a visiting professor at the Cranfield School of Management in Britain, runs a forum in (36) a number of big companies try to monitor the "marketing payback" from advertising. The return from traditional media was, he says, "never terribly good". Generally nearly half of ads provide a return (37) their investment. And there can be various reasons why ads influence sales, other (38) their direct effect on consumers. (39) instance, if a producer announces a multi-million dollar ad-campaign, then retailers are often persuaded to increase, deliveries. This can result (40) a "distribution effect" that leads to additional sales.
(31)
第6题
the European Economic Community (EEC) could be brought forward by
up two decades, if a modest increase could be provided in the EEC's 【M1】______
research effort in this field, according to the senior EEC scientists engage 【M2】______
in experiments in solar energy at EEC's scientific laboratories at Ispra, near Milan.
The senior West German scientist in the charge of the Community's solar 【M3】______
energy programme, Mr. Joachim Gretz, told journalists that at present levels
of research spending it was most likely that solar energy would provide 【M4】______
as much as three per cent of the Community's energy requirements even
after the year 2000. But he said that with a modest increase in the present
sums, devoted by the EEC to this work it was possible the breakthrough 【M5】______
could be achieved by the end of the next decade.
Mr. Gretz calculates that if solar energy only provided three per cent of
the EEC's needs, this could still produce a saving of about a billion pound 【M6】______
in the present bill for imported energy each year. And he believes that
with the possibility of utilizing more advanced technology in this field 【M7】______
might be possible to satisfy a much big share of the Community's future 【M8】______
energy needs.
At present the EEC spend about $ 2.6 million a year on solar research 【M9】______
at Ispra, one of the EEC's official joint research centers, but other $ 3 million 【M10】______
a year on indirect research with universities and other independent bodies.
【M1】
第7题
听力原文: We may engage ourselves with music as a creator, that is a composer, or as a recreator, that is a performer, but most of us engaged ourselves with music as a receiver. That is a listener. As a listener, we respond to music with different levels of receptivity. We may be very causal and careless about the way we hear music, paying almost no attention to it. Elevator or telephone music, for example, is not meant to be listened to intently. We have all used music as background sound to create a pleasant atmosphere for our own quiet thought. On the other hand, especially when we are on the road, an easy listening station can create a dream-like haze and we may deliberately turn out the music so as to concentrate on the driving.
However, there are other times when music is the center of our focus. And we give it our full attention. This could be in a church, at a special event or at a concert. But how are we supposed to listen and what are we supposed to listen for. Basically, there are two ways to experience music. Some people let the sounds wash over them like a sauna bath and an emotional flood. This is the sensuous level. Other listeners respond on a perceptive or analytical level, paying attention to various aspects of the music as they unfold. They listen for musical events. The first level of attending to music is purely emotive. The second analytical. Ideally, we learn to listen more perceptively in order to increase the emotional impact. As a result, the second way of perceptive or analytical listening reveals the expressive power of the music composition so that we can enjoy it more fully.
(43)
A.That of a creator.
B.That of a re-creator.
C.That of a receiver.
D.That of a performer.
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