A、on the other hand
B、as a result
C、for example
D、moreover
A、on the other hand
B、as a result
C、for example
D、moreover
Tamara Hill, Fund Manager with Hillcrest Value Fund, manages a portfolio of 250 common stocks. Tamara is searching for a ‘low risk’ issue to add to the portfolio, i.e. one with a price variance less than that of the S&P 500 index. Moreover, she assumes an issue is not ‘low risk’ until demonstrated otherwise. Her staff reported that during the last nine quarters the price variance for the S&P 500 index (population 1) was 25, and for the last seven quarters the price variance for XYC common (population 2) was 8. Assume that stock prices are normally distributed in the population. Using a = 0.05, the appropriate decision is _______.
A、reject the null hypothesis s12 = s22
B、eject the null hypothesis s12 ¹ s22
C、do not reject the null hypothesis s12 = s22
D、do not reject the null hypothesis s12 ¹ s22
M: I think it's a good idea. I mean, the world has already done a big, big effort to forget debt to countries heavily indebted and with low income. And that has given good chances to countries to get out of poverty.
W: Aren't you afraid that might set a bad example, and moreover, be unfair to countries that have handled their debt responsibly?
M: No. Because forgiveness is attached to a procedure of policy. The world countries decided to forgive very low-income countries of the debt. But to be able do that, those low-income countries have to get into programs with the IMF to be able to complete that process. And so there ... they change their economies, they liberalize their economies; they have sound financial and banking rules and systems. The help they're going to get from international solidarity will not be wasted.
W: No worry at all? I mean ...
M: We're human beings.
What is the conversation mainly about?
A.The relationship between England and the United States.
B.The low income in some countries.
C.The financial and banking rules and systems.
D.The forgiveness of the low-income countries' debt.
【M1】
质量或体积平衡法Mass or volume balance 泄漏程度达到一定量时,入口与出口就形成明显的流量差。流量差超出一定的范围时可判定为泄漏。When the degree of leakage reaches a certain level, there will be an obvious flow difference between inlet and outlet. The leakage can be determined when the flow difference exceeds a certain range. 误报率高,检测的灵敏性也很低,不能用来精确定位,而且这种方法需要测量流量信号,对于管网流量计的安装和维修也很困难,不适用于输量频繁变化的情况,不满足实际需要,只能与其他的方法配合使用。Due to high false alarm rate and low detection sensitivity, this method cannot be used for accurate positioning. Moreover, it needs to measure the flow signal, which is also difficult for installation and maintenance of pipe network flowmeter. It is not suitable for the situation of frequent change of transmission volume and cannot meet the actual needs.
听力原文: Henry Ford, the famous U. S. inventor and car manufacturer once said "The business of America is business. "By this he meant that the U. S. way of life is based on the values of the business world. A brief glimpse at a daily newspaper vividly shows how much people in the United States think about business. Business news can appear in every section. Most national news has an important financial aspect to it. Moreover, business news appears in some of the unlikeliest places. The world of arts and entertainment is often referred to as "the entertainment industry" or "show business."
The positive side of Henry Ford's statement can be seen in the prosperity that business has brought to U. S. life. One of the most important reasons so many people from all over the world come to live in the United States is the dream of a better job. However, the biggest companies are seen in opposition to labor. Throughout U. S. history working people have had to fight hard for higher wages, better working conditions, and the right to form. unions. Today, many of the old labor disputes are over, but there is still some employee anxiety. Downsizing--the laying off of thousands of workers to keep expenses low and profits high--creates feelings of insecurity for many.
The United States is a typical country
A.which encourages free trade at home and abroad.
B.where people's chief concern is how to make money.
C.where all businesses are managed scientifically.
D.which normally works according to the federal budget.
【M1】
Read the article below about South-east Asian stocks. For each question 1-6 on the opposite page, choose the correct answer. Mark one letter (A, B or C) on your Answer Sheet.
After a good 2003, will 2004 be better
The past year has been a good one for Southeast Asian stocks. Markets in both Singapore and the Philippines have risen by more than 30% in dollar terms; Indonesia has surged more than 70%; and tigerish Thailand has leapt by almost 130%. Investors, needless to say, are keen to know whether lightning will strike again in the same places in 2004. There is indeed something good in store: elections.
The gains of the past year are easy to explain. Indonesia, for one, has finally found its feet after years of chaos following the regional crisis in 1997. Inflation and interest rates are failing, and the economy has grown by around 4% in the past year.
Thailands economy, meanwhile, has been doing even better. It has grown at an annual rate of 6.5% in the year as a whole. Because of low interest rates, consumers have been wildly purchasing cars and houses, helping crisis-hit companies pay off their debts and thus improving the balance sheets of Thailands struggling banks.
Analysts tell similar tales of asset increase all around the region. Markus Rosgen, of ING, a Dutch bank, notes that Asians have been piling up deposits in their bank accounts since the crisis. With interest rates so low, he argues, they now have an incentive either to consume more or to put their savings into more lucrative investments. Either way, share prices should rise. Even now, ail Southeast Asian markets are still well below their pre-crisis highs. Moreover, points out Christopher Wood of CLSA, an investment bank, all Southeast Asian markets except Singapore serve as useful hedges against America, since they do not rise and fall with Wall Street.
Unexpected events might yet upset these rosy prospects. There will be elections in the Philippines and Indonesia in 2004, and probably in Malaysia, too. Thailand goes to the polls at the beginning of 2005. Economically corrupted governments, street protests or bombing campaigns are always a possibility. But the responsible leaders seem likely to get re-elected in all four countries. Furthermore, they will spend a lot of money in the process, out of both the state budget and their own pockets, giving their economies a further boost. As a recent report by ING points out, Indonesian stocks rose in the nm-up to all of the past three elections.
About 2004 investors are eager to learn whether
A.it is the right time to make investment.
B.Southeast Asian stocks will be better.
C.there will be any elections.
? Read the article below about South-east Asian stocks.
? For each question 23-28 on the opposite page, choose the correct answer.
? Mark one letter (A, B or C) on your Answer Sheet.
After a good 2003, will 2004 be better?
The past year has been a good one for Southeast Asian stocks. Markets in both Singapore and the Philippines have risen by more than 30% in dollar terms; Indonesia has surged more than 70%; and tigerish Thailand has leapt by almost 130%. Investors, needless to say, are keen to know whether lightning will strike again in the same places in 2004. There is indeed something good in store: elections.
The gains of the past year are easy to explain. Indonesia, for one, has finally found its feet after years of chaos following the regional crisis in 1997. Inflation and interest rates are failing, and the economy has grown by around 4% in the past year.
Thailand's economy, meanwhile, has been doing even better. It has grown at an annual rate of 6.5% in the year as a whole. Because of low interest rates, consumers have been wildly purchasing cars and houses, helping crisis-hit companies pay off their debts and thus improving the balance sheets of Thailand's struggling banks.
Analysts tell similar tales of asset increase all around the region. Markus Rosgen, of ING, a Dutch bank, notes that Asians have been piling up deposits in their bank accounts since the crisis. With interest rates so low, he argues, they now have an incentive either to consume more or to put their savings into more lucrative investments. Either way, share prices should rise. Even now, ail Southeast Asian markets are still well below their pre-crisis highs. Moreover, points out Christopher Wood of CLSA, an investment bank, all Southeast Asian markets except Singapore serve as useful hedges against America, since they do not rise and fall with Wall Street.
Unexpected events might yet upset these rosy prospects. There will be elections in the Philippines and Indonesia in 2004, and probably in Malaysia, too. Thailand goes to the polls at the beginning of 2005. Economically corrupted governments, street protests or bombing campaigns are always a possibility. But the responsible leaders seem likely to get re-elected in all four countries. Furthermore, they will spend a lot of money in the process, out of both the state budget and their own pockets, giving their economies a further boost. As a recent report by ING points out, Indonesian stocks rose in the nm-up to all of the past three elections.
About 2004 investors are eager to learn whether
A.it is the right time to make investment.
B.Southeast Asian stocks will be better.
C.there will be any elections.
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