______ “It's an investment that we've been very, very focused on over the last few years,” he says.

A、Is readily convertible to a known amount of cash.

B、Is sufficiently close to its maturity date so its market value is unaffected by interest rate changes.

C、Generally is within 3 months of its maturity date.

D、Is highly liquid.

E、All of the choices are correct.

听力原文：W: Dr. Cassidy, I'm actually fine. It's just that I've been a little tired the last few days, and my stomach is kind of upset.

M: Well, that doesn't surprise me. I have some news that you might find exciting. You're pregnant.

Q: What do you know about the woman?

(15)

A．She's got a stomachache.

B．She feels perfectly fine.

C．She's going to get married.

D．She's going to have a baby.

ases in hotel rates, airfare, car-rental costs and gasoline prices. Thanks to high consumer confidence, people will travel more often, stay longer and spend more money on their vacations this year.

"It’s going to be a record travel season," says Jason Ader, a senior analyst with in vestment bank Bear, Stearns & Co. "The economy’s strong. Consumers feel good. The stock market’s up. And the prices we’re seeing are as high as they’ve been since we’ve been keeping records, and that’s since the fifties."

In all, American vacationers will take more than 270 million trips this summer -- 4 percent more than last year, according to the travel association. The top 10 destinations are Florida, California, Hawaii, Colorado, New York, Texas, Nevada, Arizona, Washington state and Washington.

During such trips, a family of four will spend $ 213 a day for meals and lodging -- an increase of $ 3 from last year, according to a forecast released by the Travel Industry Association of America. In some cases, price increases are expected to double the inflation rate, which was 2.1 percent in March. The average daily price tag on a hotel room will increase 3.9 percent to $ 81.77 from $ 78.67, according to a report by Price Waterhouse Coopers and Bear, Stearns.

Traveling by car this summer is expected to cost about $10.66 per 100 miles, which covers gas, tires and maintenance, according to the American Automobile Association. The recent increase in gasoline prices should make long road trips more expensive. Nevertheless, car-rental companies are expecting more leisure rentals this summer compared with last and are pushing prices up accordingly.

Tickets on the major North American airlines will continue to increase, with prices jumping 10 percent by year’s end, ac. cording to the Price Waterhouse Coopers’ report. But the higher prices are not turning vacationers away from air travel. "Given the strong economy, and if all other factors are constant, travelers will most likely take to the domestic skies in record numbers despite higher costs to the wallet," says Dexter Wood, a Price Waterhouse Coopers consultant.

One reason Americans are more likely to travel this year is that.

A．airlines tickets are less expensive

B．more and more Americans have cars

C．the stock market is up

D．travel agents are offering special deals

听力原文：M: I'm so tired, I can't see straight.

W: You've been tired a lot lately, haven' t you?

M: Well, for the last few weeks. I have had to stay up most of the night to observe star configurations for a project in my astronomy class. It' s awful. No matter what time I go to bed, I always wake up at 6:00 am. and that's the time I usually get up.

W: Your biological rhythms probably haven' t adjusted to your new schedule. I thought that some people have a lot of trouble when their sleep rhythms are interrupted. Even sleeping pills don' t help them.

M: I know. In fact, I've heard that there are now several special treatment centers for sleep disorders across the country. Some people sleep too little, some sleep too much, some walk in their sleep.

W: I' d like to find out how they treat problems like that. Maybe, you should go to one of those centers.

M: Not me. After next week my project will be finished and I'll go back to my regular hours. Now I know for sure that I don' t want to be an astronomer.

The man has not been able to ______ recently.

A．find his glasses

B．sit up straight

C．get enough rest

D．change his tires

听力原文：W: David, sorry for my school board meeting last night so late. I've been working on a special project with the school board, and I like your opinion on it.

M: What is it?

W: I've been trying to find a way to encourage reading.

M: Tell me about it. I work with families everyday, Eva. I see how people spend their leisure time --young and old.

W: Mostly watching TV. Well, that would be OK, if people took the time to read.

M: I couldn't agree with you more.

W: The question is, how do we get them to read more?

M: I think you are going to give me the answer to that question. You have that look in your eye.

W: I do have the answer, or at least I think I do. The plan is a simple one. Involve the entire family in a reading project. But first in the schoolrooms. By arranging with the public schools to schedule one hour a week--to start with. During that time, parents are invited to attended to read along with the children.

M: It can go beyond the school system.

W: Really?

M: I guarantee you it would go very well in the hospitals. My patients--mostly kids--would love to read or to be read to.

W: I love the idea. In that way, we can spend more time together. You and I are very busy these days, we need to find more time to be together, to do things together. That would be wonderful.

(20)

A．She wants to get people to read more.

B．She settled every problem by discussing with her husband.

C．She is worried about the reading project.

D．She wants to start the project from her own family.

听力原文：M: We've been walling for more than 30 minutes!

W: Are you sure you read the directions correctly?

M: Do you think I made a mistake? I'm sure he said Joe's Bar and Grill.

W:I wish you had brought the directions with you.

M: Well if you hadn’t lost them, I would have brought them!

W: Now, now, let's not get into that. I told you I put them on the shelf in the hall.

M: It's no use worrying about that now. Anyway, what will be doing this time tomorrow? I'm so excited about getting away on holiday.

W: So am I. Just think, this time tomorrow we'll be lying on the beach soaking up the sun.

M: No, I'll be sitting at the bar enjoying my Gin and Tonic and reading a good book.

W: It's going to be wonderful, isn't it? It's been so long since we last got away.

M: Yes... I wish he were here. I'm getting hungry I just don't understand our friend is never late.

W: Well, maybe he's at Joe's Pub.

M: Joe's Pub?

W: Yes, I beard that theme’s also a Joe's Pub nearby. People mix them up all the time ! Why not phone him to see ff he is there?

M:AII right.

The husband______.

A．forgot the directions

B．brought the directions

C．never had the directions

D．didn't bring the directions

听力原文：W: I've been reading about a new healthful snack food. It's made from fish. Have you heard anything about it?

M: No, I haven't, but I don't like fish very much any-way.

W: Not to worry. Although it's made primarily from fish, it actually doesn't have a fishy taste. In fact, it can be flavored with tomato, cheese, or chocolate, for in-stance.

M: How can it not taste fishy? Do you know how the snack food is made?

W: First, the fish is minced, and cooked, and fermented. Then water and starch are added to make a dough.

M: It sounds awful. Actually, the dough is very bland at that point, so the flavorings are added to give it some taste. Well, it still sounds a little strange, but I sup-pose this product will at least be low calorie and high protein like a health food.

W: Yes, you could call it that. And it has alone shelf life so it won't spoil quickly, and it's also easy to digest, and can be made from types of fish that usually aren't eaten, or from high grade fish by-products,

M: Hmmm. Have you got any samples? I might be willing to try the cheese flavored variety.

W: No, none of it seems to be available yet. I understand it, this fish snack food probably won't be in the stores for another couple of years. So you'll have a while to get used to the whole idea.

M: A couple of years, huh? It may just take me that long. But thanks for telling me about it.

What is the main topic of the conversation?

A．Food packaging.

B．Varieties of fish.

C．A new snack food.

D．An artificial food flavoring.

根据下列文章,请回答 36～40 题。

Mr. Mike Smith:

It wasn't an easy decision, but we've been asking for a decent wage for years. Now at last people are beginning to listen to us. We' re only asking for a 25 percent increase in our wages. 250 dollars a week, that' s all. It' s a pity so many people have to be inconvenienced by our strike. But please don't blame us. Blame the government for refusing our claim.

Mr. Tom Brown:

It's totally unreasonable to demand so much money when we are trying desperately to control inflation. If wages go up ,so do prices. If we gave in to the electricity workers,all the other unions would want more, with the inevitable result that the crisis would become uncontrollable. What we're trying to impress upon everybody is that inflation hurts everybody, especially the poor people. We offer the electricity workers a 10 percent increase. And that' s already too much. My stand at this meeting will be to persuade the Union to see reason.

Mr. Bob Davis:

Everybody will be hurt by this strike,including the electricity workers themselves. The economy will be destroyed and many people will lose their jobs. Already people are saying that the big unions have too much power and shouldn' t be allowed to strike. Of course the electricity workers want to get more money. Don't we all?

Mrs. Baker:

My opinion is "Get the Army in". All the power stations should be managed by the army. The strikers should be thrown into prison. That' s what this country needs. Why must we all suffer just because a few men are greedy? If they don' t like their jobs, nobody' s forcing them to work. They should try and live on 50 dollars a week like I have to. Perhaps they' d keep their mouths shut then.

Miss Slater:

Let' s face it. It' s neither here nor there. The electricity workers are in a strong position. Perhaps we can' t do anything about it. What I say is: let them have their 250 dollars so we can return to work. I mean, the government wastes the taxpayers' money all the time on trivial things. How can anyone say 250 dollars is "too much"? Pop singers get more. Nurses get less. It's just one of those things.

Now match each of the persons (61 to 65)to the appropriate statement.

Note: there are two extra statements.

Statements

第 36 题 Mr. Mike Smith

A． A 10% increase is already too much, and I' m here to persuade the Union to see reason.

B．I hope that strikes should be banned in all sectors relating to the nation' s security and stability.

C．We will never go back to work until our goals are achieved.

D．I think that the government should give in to the electricity worker' s demands.

E．I strongly suggest that all the power stations should be run by the army and that the strikers should be put into prison.

F．I must make you clear that strikes will destroy the economy and that many people will lose their jobs.

G．We are forced to call a strike because the government rejected our wage claim.