The Central Bank lowered interest rates_____2 percent.A. byB. overC. forD. at
A. by
B. over
C. for
D. at
- · 有5位网友选择 B,占比50%
- · 有4位网友选择 C,占比40%
- · 有1位网友选择 D,占比10%
A. by
B. over
C. for
D. at
There is no reliable index of inflation, because______.
A.the currency is cheap
B.there are different ways to get the index
C.the index have been manipulated by the government
D.the central bank has kept rates low
The dollar also dipped to a nearly five-year low against the yen, but later regained ground.
Yesterday, the euro rose to $1.3329 in early trading before dipping back to $1.3290 later in New York. The euro topped $1.32 for the first time the day before in European trading. US markets were closed Thursday for the Thanksgiving holiday.
The dollar also traded near its lowest levels since December 1999 against the Japanese yen yesterday, slipping to 102.56 yen, down from 102.81 late Wednesday in New York.
One reason the euro has kept rising is a lack of concerted action by central banks to support the dollar by selling holdings of the other major currencies.
"$1.35 is definitely on the cards now, as for how soon we'll get there, I'm not sure," said Riz Din, a currency analyst with Barclay's Capital in London.
"It increasingly looks as if, despite weaker data in the euro area, the prospects for intervention, are very, very low at current rates."
The latest dollar collapse, fueled by concerns over the US trade and budget deficits, has taken the euro from around $1.20 about two months ago.
Because the euro's rise tends to make European products more expensive, European leaders have voiced fears that it might hurt the continent's export-driven economic recovery. The European Central Bank's president has called the rapid increase "brutal".
But the dollar's weakness is good news for US exporters, helping make American products less expensive overseas.
Commerzbank economist Michael Schubert said speculation against the dollar was making its slide "a bit faster than I had expected".
"Obviously, it's difficult to stop the train," Mr. Schubert said in Frankfurt. A combination of intervention by central banks and positive US economic data could apply the brakes, he added.
Economists say the European Central Bank (ECB) is wary of intervening in the currency markets on its own and the United States Would be unlikely to join in such a move.
According to the text, the dollar
A.has reached its lowest level against euro yesterday.
B.was lower than euro in the past four continuous days.
C.is still staying in a worse position than the yen.
D.kept failing despite the central bank's adoption of active measures.
SECTION C NEWS BROADCAST
Directions: In this section you will hear everything ONCE ONLY. Listen carefully and then answer the questions that follow. At the end of each news item, you will be given 10 seconds to answer the questions.
听力原文: The United States central bank has cut its main interest rate to the lowest level on record. But instead of cutting it by a fixed rate, it has opted for a target range, reducing it from 1% to between 0 and 0.25%. U.S. stock markets reacted positively. The New York Dow Jones Index closed up more than 4%. Our Washington correspondent Kevin Conolly reports.
It is a dramatic move from the Federal Reserve Board designed to signal both to Wall Street and to Main Street (6-1)the American authorities are doing eveuthing they can to fight back for the economy slides into recession. Interest rates in the US have now been cut by a full five percentage points in just over a year. (6-2) The plan is to make borrowing so cheap that liquidity returns to the economy and restores confidence and consumption levels. The outlook for the American economy remains bleak and the Fed says it's likely that rates will remain exceptionally low for some time.
Which is NOT the aim of the United States central bank to cut its main interest rate to the lowest level on record?
A.To make borrowing cheap.
B.To restore consumption level.
C.To curb people's enthusiasm for stocks.
D.To help liquidity return to the economy.
Based on weekly unemployment data, the rate of job reductions is slowing, and almost every economic indicator reported over the past several weeks has been encouraging. Fed Chairman Alan Greenspan had reason to be optimistic on Jan. 24, when he testified before a Senate panel and seemed far more upbeat about the economy than he had been just two weeks earlier in a speech that sparked a Wall Street sell-off.
Analysts now believe it is almost a sure bet the Fed will leave rates unchanged when the central bank announces the policy decision Wednesday at about 2:15 p.m. After an unprecedented 11 rate cuts in 2001, that would mark the first time in more than a year that the Fed's policy-setting Open Market Committee has held a formal meeting without changing rates.
On Monday, in the latest report to surpass expectations, the Commerce Department reported that new home sales rose to a seasonally adjusted annual rate of 946,000 units in December, a 5.7 percent increase over November. Last year was a record year for sales of both new and previously owned homes, as low mortgage rates offset the impact of the recession. Last week the Index of Leading Indicators posted its biggest one-month increase in more than five years, as eight of the 10 indicators that make up the index turned positive.
The weekly unemployment data show that ______.
A.more unemployed are being employed now
B.less workers are being dismissed now
C.workers are being better paid now
D.workers are more confident about their income now
Of the major central banks of the world, the most independent is______.
A.the Bank of Japan
B.the Federal Reserve System
C.the Bank of England
D.the European Central Bank
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