第20－23 题为套题：材料1：从国外的资本市场情况看，养老基金是资本市场的重要机构投资者，通常国外养老基金占整个资本市场资金的比重达到25%～45%，养老基金的发展会极大地刺激了资本市场的发展。材料2：1995 年，美国一项关于200 家养老基金的调查表明，有40%的养老基金使用过股指期货，30%使用过期权，11%使用过金融互换。实证研究表明，金融衍生工具能够被用来管理风险和提高回报率，被养老基金用来实现战略资产配置目标。经济金融实践表明，金融衍生工具交易中的创新和增长对美国经济产生了持续而巨大的好处。
股指期货的出现，对企业年金基金运作的影响是：（ ）。①为企业年金提供新的投资品种②为企业年金完全化解系统性风险提供可能③为资本市场提供避险工具，从而为企业年金提供更优投资环境④通过套期保值，实现企业年金基金长、中、短期投资目标的均衡
A．①②③
B．①③④
C．②③④
D．①②③④
参考答案：B
A generation gap(代沟)has become a serious problem.! read a report about it in the newspaper. Some children have killed 31 after quarrelling (爭吵)with 32 .I think this is because they don't often have a talk with each other. Parents now 33 more time in the office, 34 they don't have much time to stay with their children. As time passes, they both feel that they don’t have the 35  topic(话题)to talk about. I want to tell parents to be more patient with your 36_，get to know them and 37 them. And for children, show your 38_to your parents. They are the people who love you. So 39 them your thoughts. In this way, you 40 have a better understanding of each other.
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