题目内容
（请给出正确答案）
A、call in loans
B、borrow from the central bank
C、sell securities
D、borrow from other banks
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How much does the World Bank suppose to spend in facing the agricultural challenges？
A．$14 billion.
B．$40 billion.
C．$2.5 billion.
D．$25 billion.
Some of Bank of America's old magic seems to have rubbed off on New York's Citibank, perennial rival for top banking honors. Thanks to aggressive growth policies, Citicorp's assets topped Bank of America's for the first time in 1983 and by a healthy margin. Citibank has also been generating profits at a fast clip, enabling it to spend lavishly on campaigns to enter new markets--notably Bank of America's turf in California.
The bad times Bank of America is currently facing are partly the result of the good times the bank enjoyed earlier. Based in a large and populous state and operating in a regulated environment, Bank of America thrived. Before deregulation, banks could not compete by offering savers a higher return, so they competed with convenience. With a branch at every crossroads, Bank of America was able to attract 40 percent of the California deposit market--a source of high earnings while the legal maximum payable to depositors was much lower than the interest on loans.
The progressive deregulation of banking forced Bank of America to fight for its customers by offering them competitive rates. But how could this mammoth bureancracy, with its expensive overhead, offer rates as attractive as its loaner competitors？ Pruning the establishment was foremost in the minds of Bank of America policymakers. But cutbacks have proceeded slowly. Although the bank is planning to consolidate by offering full services only in key branches, so far only about 40 branches have been closed. Cutbacks through attrition have reduced the work force from 83,000 to fewer than 73,000; wholesale layoffs, it seems, would not fit the tradition of the organization. And they would intensify the morale problems that already threaten the institution.
According to the passage, New York's Citibank ______.
A．is a dark horse in the field of banking
B．has been growing in a moderate way
C．has been making efforts to conquer the markets of Bank of America
D．has more branches than Bank of America now
Some of Bank of America's old magic seems to have rubbed off on New York's Citibank, perennial rival for top banking honors. Thanks to aggressive growth policies, Citicorp's assets topped Bank of America's for the first time in 1983 and by a healthy margin. Citibank has also been generating profits at a fast clip, enabling it to spend lavishly on campaigns to enter new markets -- notably Bank of America's turf in California.
The bad times Bank of America is currently facing are partly the result of the good times the bank enjoyed earlier. Based in a large and populous state and operating in a regulated environment, Bank of America thrived. Before deregulation, banks could not compete by offering savers a higher return, so they competed with convenience. With a branch at every crossroads, Bank of America was able to attract 40% of the California deposit market -- a source of high earnings when the legal maximum payable to depositors was much lower than the interest on loans.
The progressive deregulation of banking forced Bank of America to fight for its customers by offering them competitive rates. But how could this mammoth bureaucracy, with its expensive overhead, offer rates as attractive as its loaner competitors？ Pruning the establishment was foremost in the minds of Bank of America policymakers. But cutbacks have proceeded slowly. Although the bank is planning to consolidate by offering full services only in key branches, so far only about 40 branches have been closed. Cutbacks through attrition have reduced the work force from 83,000 to fewer than 73,000; wholesale layoffs, it seems, would not fit the tradition of the organization. And they would intensify the morale problems that already threaten the institution.
According to the passage, New York's Citibank ______.
A．is a dark horse in the field of banking
B．has been growing in a moderate way
C．has been making efforts to conquer the markets of Bank of America
D．has more branches than Bank of America now
A．Finish a textbook assignment.
B．Review for the final examination.
C．Choose proper research topics.
D．Prepare an outline for a paper.
A．Research methods and lines of approach.
B．Aims and objectives.
C．Key problems and research questions.
D．Works consulted and cited.
Judging by prices in futures markets, investors are betting that short-term interest rates could start rising as early as May, and will be 1.25 percentage points higher by the end of the year. That may be excessive. Economists at Goldman Sachs, who long argued that the central bank would do nothing this year, now expect short-term rates to go up only 0.75% this year, starting in June. But virtually everyone reckons some Fed tightening is in the future.
The reason？ After an unprecedented 11 rate-cuts in 2001, short-term interest rates are abnormally low. As the signs of robust recovery multiply, analysts expect the Fed to take back some of the rate-cuts it used as an "insurance policy" after the September 11th terrorist attack. But higher rates could still be further off, particularly if the recovery proves less robust than many hope. The manufacturing sector is growing after 18 months of decline. The most optimistic Wall Streeters now expect GDP to have expanded by between 5% and 6% on an annual basis in the first quarter.
But one strong quarter does not imply a sustainable recovery. In the short term, the bounce-back is being driven by a dramatic restocking of inventories. But it can be sustained only if corporate investment recovers and consumer spending stays buoyant. And since consumer spending held up so well during the "recession" it is unlikely to jump now.
These uncertainties alone suggest the central bank will be cautious about raising interest rates. That caution is all the more necessary given the lack of inflationary pressure. Although America's consumer prices have stopped falling on a monthly basis, the latest figures show few signs of nascent price pressure. Indeed, given the huge pressure on corporate profits, the Federal Reserve might be happy to see consumer prices rise slightly. In short, while Wall Street frets about when and how much interest rates will go up. The answer may well be not soon and not much.
Some people expected short-term interest rates to jump soon because they ______.
A．strongly believed in economic recovery.
B．took for granted economic expansion.
C．were cautious in their excessive investment.
D．had doubts about the effects of price pressure.
A．Trying to telephone someone.
B．Attending a concert.
C．Waiting in line.
D．Canceling reservations.
Consumer activists are pressing Congress for better privacy laws without much result so far. The legislators lean toward letting business people track our financial habits virtually at will.
As an example of what's going on, consider U.S. Bancorp, which was recently sued for deceptive practices by the state of Minnesota. According to the lawsuit, the bank supplied a telemarketer called Member Works with sensitive customer data such as names, phone numbers, bank-account and credit-card numbers, Social Security numbers, account balances and credit limits.
With these customer lists in hand, Member Works started dialing for dollars-selling dental plans, videogames, computer. software and other products and services. Customers who accepted a "free trial offer" had 30 days to cancel. If the deadline passed, they were charged automatically through their bank or credit-card accounts. U.S. Bancorp collected a share of the revenues. Customers were doubly deceived, the lawsuit claims. They didn't know that the bank was giving account numbers to Member Works. And if customers asked, they were led to think the answer was no.
The state sued Member Works separately for deceptive selling. The company defends that it did anything wrong. For its part, U.S. Bancorp settled without admitting any mistakes. But it agreed to stop exposing its customers to non-financial products sold by outside firms. A few top banks decided to do the same. Many other banks will still do business with Member Works and similar firms.
And banks will still be mining data from your account in order to sell you financial products, including things of little value, such as credit insurance and credit-card protection plans. You have almost no protection from businesses that use your personal accounts for profit. For example, no federal law shields "transaction and experience" information--mainly the details of your bank and credit-card accounts. Social Security numbers are for sale by private firms. They've generally agreed not to sell to the public. But to businesses, the numbers are an open book. Self-regulation doesn't work. A firm might publish a privacy-protection policy, but who enforces it？
Take U.S. Bancorp again. Customers were told, in writing, that "all personal information you supply to us will be considered confidential". Then it sold your data to Member Works. The bank even claims that it doesn't "sell" your data at all. It merely "shares" it and reaps a profit.
Contrary to popular belief, the author finds that spying on people's privacy______.
A．is mainly carried out by means of secret taping
B．has been intensified with the help of the IRS
C．is practiced exclusively by the FBI
D．is more prevalent in business circles
The recent Genome Wars were symbolic of _____.
［A］ the enthusiasm in scientific research
［B］ the significance of the space race
［C］ the public versus private conflict
［D］ the prospect of the completion of DNA sequence
Consumer activists are pressing Congress for better privacy laws without much result so far. The legislators lean toward letting business people track our financial habits virtually at will.
As an example of what’s going on, consider U.S. Bancorp, which was recently sued for deceptive practices by the state of Minnesota. According to the lawsuit, the bank supplied a telemarketer called Member Works with sensitive customer data such as names, phone numbers, bank-account and credit-card numbers, Social Security numbers, account balances and credit limits.
With these customer lists in hand, Member Works started dialing for dollars-selling dental plans, videogames, computer software and other products and services. Customers who accepted a “free trial offer” had 30 days to cancel. If the deadline passed, they were charged automatically through their bank or credit-card accounts. U.S. Bancorp collected a share of the revenues.
Customers were doubly deceived, the lawsuit claims. They, didn’t know that the bank was giving account numbers to MemberWorks. And if customers asked, they were led to think the answer was no.
The state sued MemberWorks separately for deceptive selling. The company denies that it did anything wrong. For its part, U.S. Bancorp settled without admitting any mistakes. But it agreed to stop exposing its customers to nonfinancial products sold by outside firms. A few top banks decided to do the same. Many other banks will still do business with MemberWorks and similar firms.
And banks will still be mining data from your account in order to sell you financial products, including things of little value, such as credit insurance and credit-card protection plans.
You have almost no protection from businesses that use your personal accounts for profit. For example, no federal law shields “transaction and experience” information-mainly the details of your bank and credit-card accounts. Social Security numbers are for sale by private firms. They’ve generally agreed not to sell to the public. But to businesses, the numbers are an open book. Self-regulation doesn’t work. A firm might publish a privacy-protection policy, but who enforces it？
Take U.S. Bancorp again. Customers were told, in writing, that “all personal information you supply to us will be considered confidential.” Then it sold your data to MemberWorks. The bank even claims that it doesn’t “sell” your data at all. It merely “shares” it and reaps a profit. Now you know.
第36题：Contrary to popular belief, the author finds that spying on people’s privacy ________.
A．is practiced exclusively by the FBI
B．is more prevalent in business circles
C．has been intensified with the help of the IRS
D．is mainly carried out by means of secret taping
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