2019年公共英語三級閱讀練習題十四

　　Security and Commodity Exchanges

　　Security and commodity exchanges are trading posts where people meet who wish to buy or sell. The exchanged themselves do no trading; they merely provide a place prospective buyers and selling can meet and conduct their business.

　　Wall Street, although the best known, is not only the home of the exchanges in the United States. There are the cotton exchanges in New orleans and Chicago; and grain exchanges in many of the large cities of the Midwest. Some exchanges, like the Chicago Board of Trade, provide market services for several kinds of products. These trading posts where products may be bought or sole are called commodity exchanges.

　　The security exchanges, on the other hand, are meeting places where stocks and bonds are traded. Like the commodity exchanges, they help serve the economic life of the country. But when their operations get out of hand, they may become very dangerous. In 1929, the security exchanges, or stock market, contributed to a crash-a sudden, sharp decline in the value of securities. Many people lost fortunes; many corporations were bankrupted; many workers lost their jobs. The Crash of 1929 has been attributed to many causes, among them wild and unwise speculation by many people and dishonest practices on the part of some businessmen and of some members of the exchanges.

　　Today, however, investing through security exchanges and trading on commodity exchanges has been made safer by regulations set up by the exchanges themselves and by regulations of the United States government in 1992, the government instituted the Commodity Exchange Commission which operates through the Department of Agriculture; and in 1934, the Securities and Exchange Commission, to protect investors and the public against dishonest practice in the exchanges.

　　6. Security and commodity exchanges are meeting places for buyers and sellers of _____.

　　A. stocks B. grain C. securities D. all of these

　　7. Security exchanges handle _____.

　　A. securities B. grain C. bonds D. both A and C

　　8. Among the reasons for the Crash of 1929 were _____.

　　A. unwise speculation by many people

　　B. dishonest practices by some businessmen

　　C. strict regulations of the Commodity Exchange Commission

　　D. both A and B

　　9. Investing in securities has been made safer by the _____.

　　A. Security and Exchange Commission

　　B. Commodity Exchange Commission

　　C. Chicago Board of Trade

　　D. Chicago Mercantile Exchange

　　10. Which of the following is implied but not stated?

　　A. Some exchanges provide market services for several products.

　　B. The role of the government has been an important factor in curing dishonest practices on the exchanges.

　　C. Investing in securities is unwise.

　　D. Buying and selling is dishonest.

　　參考答案及解析

　　6. D 根據(jù)第二段和第三段，這一交易所可進行多種交易。

　　7. D 根據(jù)第三段，債券交易所可以進行債券和證券的交易。The security exchanges, on the other hand, are meeting places where stocks and bonds are traded.

　　8. D 根據(jù)第三段，The Crash of 1929 has been attributed to many causes, among them wild and unwise speculation by many people and dishonest practices on the part of some businessmen and of some members of the exchanges. 1929年的股市危機是由于許多人投機和一些商人不誠實的行為造成的。

　　9. A 最后一段，and in 1934, the Securities and Exchange Commission, to protect investors and the public against dishonest practice in the exchanges.政府建立的證券交易委員會使投資變得更加安全。

　　10. B 答案A.在文章第二段直接提到了。Some exchanges, like the Chicago Board of Trade, provide market services for several kinds of products. 答案C證券投資是不明智的和答案D買賣雙方是不誠實的，這兩點在文中都沒有提到。

　　文章中指出了政府的努力來維護正常的交易秩序，暗示了政府在制止不誠實交易行為中所起的重要角色，但并沒有在文中直接陳述這一點。