1、避渊卦煙舍餐昌本是高级商务英语阅读高级商务英语阅读考试试卷(1)学号：姓名：班级：成绩：I.Translate the following terms into English(15%):1)兼并2)控制股3)上市公司4)(股票)首期公开上市5)垃圾债券6)欧洲债券市场)总合帐户8)贸易壁垒9)进口替代10)清算机制女Translate the following terms into Chinese(10%):1)CAP2)FTAA3)OECD4)marketing savvy5)capital spending binge第1页共9页莲男外价餐事产壹高级商务英语阅读6)venture ca
2、pital7)euro-denominated capital market8)mercantilist assumptions9)liquid investment10)management expertiseIII.Translate the following passages into Chinese(26%):1.Some believe that individually,with the help of enterprising local management or eagermultinational partners wanting to add new products
3、to their stable,Chinese brands couldbecome a global phenomenon within a decade,marketed on quality and exotic appeal,as wellas competitive pricing.2.New Economy skeptics have a more pessimistic view of the future because they have agloomier reading of the past.They say much of the equipment and soft
4、ware bought in the late1990s went to waste.And they argue that recent downward revisions of historical GDP datasolidify their case that the profit and productivity surge of the period was not as strong as firstbelieved.When the history books are written,they say,the boom will turn out to have beenla
5、rgely a bubble.3.As world markets worry about tighter money in America,overheating in China and deareroil everywhere,Europe and Japan are,contrary to tradition,providing havens for optimists.Japans economy,in particular,continues to beat expectations even as it raises them.Numbersreleased on Tuesday
6、 May 18th showed that Japans output grew at an annual pace of 5.6%inthe first quarter of this year,its eighth straight quarter of growth.Even the money value of its第2页共9页莲费科价事大号高级商务英语阅读output managed to rise by a healthy 3.2%,despite a continuing fall in prices.The euro areas rebound is less marked
7、and less impressive.But the latest figures,released last Friday,were still good enough to deny the euro-pessimists satisfaction.Euro-areaGDP grew at an annual pace of 2.4%in the first quarter,faster than at any time since thebeginning of 2001.France was looking positively sprightly:it grew by 3.2%.I
8、V.Translate the following sentences into English by using the given phrases(15%)turn outpegleave offearmarkgain ground1.一份被期待已久的就业报告表明五月份美国经济新增了成千上万个就业，随之华尔街股价获得上升之势。2.在作者所研究的所有案例中，那些强烈追求物质价值的人到头来感觉并不那么幸福，包括不满、不快、沮丧和焦虑等。3.这两位经济学家发誓要从原来中断的地方开始继续研究下去。4.在20世纪50年代和60年代期间，美国将其美元与黄金挂钩(35美元相当于1盎司黄金)，而大多数其他
9、国家使其货币钉住美元（德国马克被定为每4马克相当于1美元)。第3页共9页莲男4隆价贸影大号高级商务英语阅读techniques that can easily be used back at work.A.They are being offered by companies who are aware of the benefits of the range ofknowledge offered by the people on the course.B.As well as the savings,there are also the dividends it pays in the f
10、orm of improved staffperformance.C.The difference between these programs and the average executive course,however,is thatthese courses are based on the concept of liveconsultancy.D.In this way,participants can also benchmark themselves against the best members from arange of Consortium companies.E.T
11、his means that within every training group there will be a wide variety of experience,which is discussed and explored by the group.F.Typically,groups of up to six course members undertake projects as part of thisdevelopment program.G.Another major advantage is that these companies usually get their
12、problems solved verycheaply.H.Managers are typically cast as key figures in these dramas,then comparisons are madelater between how they deal with the fictional situation and the actual event.VI.Read the article and choose one best answer to each of the following multiple choicequestions according t
13、o the article(20%):That old Greenspan magic seems to be fadingBy Larry ElliottMonday May 10,2004From The GuardianFed chairman will have to tighten Americas belt sooner rather than laterFor the best part of 20 years,Alan Greenspan has been a symbol of the stupidity of ageism(discrimination based on a
14、ge,especially prejudice against the elderly).He became chairman ofthe US Federal Reserve at 61,when plenty of workers have already been tossed on thescrapheap(a pile or heap of waste material)and many others are preparing to wind down forretirement.His golden years in charge of the US economy were w
15、hen he was pushing 70 andhes still there aged 78.Greenspan is the doyen(a man who is the eldest or senior member of a第5页共9页“期林煙份贫昌本孝高级商务英语阅读group)of central bankers,still talked about in almost reverential terms by his peers.The factthat the Fed chairman rarely gives interviews and makes public pron
16、ouncements that are toeconomics what Finnegans Wake is to literature only adds to the mystique.It is,then,with some trepidation(an involuntary trembling or quivering)that the question hasto be asked:has Big Al finally lost the plot?At the start of last week,Greenspan presided overa meeting of the Fe
17、d which kept interest rates on hold at 1%,the level they have been peggedat for nearly a year.A statement accompanying the decision said the risks to inflation werebalanced,which means the Fed thinks there is as much chance of the cost of living going up asgoing down.On Thursday,new joblessness clai
18、ms in the US fell to their lowest level in gettingon for four years,and the picture of a recovering labour market was underlined by Fridaysnon-farm payrolls which showed an increase of 288,000,above what had been expected.Theeconomy is expanding at an annual rate of 4.5%,surveys of both manufacturin
19、g and theservice sector are strong,the housing market is booming,inflation has started to pick up.Hardly surprisingly,Greenspans call on inflation is now coming under the microscope,evenby those on the Keynesian left who tend to favour expansionary macroeconomic policies.Show me something,other than
20、 computers,where the price is falling,says Dean Baker ofthe Centre for Economic Policy Research in Washington.Baker is right.Clearly,risks toinflation are on the upside,and massively so.The economy has been injected with a cocktailof three growth-inducing drugs negative real interest rates,a rising
21、budget deficit and afalling currency.Oil prices have touched$40 a barrel and the labour market is tightening.It ishard to believe that Greenspan,a junkie(an old and experienced person)for economic data nomatter how seemingly trivial,has not spotted all this.Rates in the US are far below a neutrallev
22、el,which would probably be around 5%,yet Greenspan is in no hurry to act.Waiting gameLast Tuesdays Fed statement did suggest that,yes,perhaps there would come a time for a bitof gradual monetary tightening but not just yet.The Bank of.England has raised interest ratesthree times since November in an
23、 attempt to ensure that it stays on top of events,but even afterFridays strong employment data there were those predicting that Greenspan would wait untilAugust before tweaking interest rates rather than moving at the next meeting,in June.Greenspans argument appears to be that he wants to be sure th
24、at the recovery from therelatively mild recession of 2001 is firmly entrenched,but the evidence could hardly be anymore conclusive.The risk is that the Fed is now a long way behind the curve,with all thefactors in place for another period of deep instability in prospect for the worlds biggesteconomy
25、.What then is Greenspan up to?There are really only three possible explanations.The first isthat he believes that 1%interest rates are appropriate at a time when fiscal prudence has beenthrown to the winds by George Bushs tax cuts and the extra spending needed for Iraq,whencommodity prices are hardening across the globe and when the US consumer is takingadvantage of cheap money to load up on debt.If that is the case,he really has lost it.第6页共9页