问题 单项选择题

Which of the following statements about theories of the yield curve is most likely correct()

A. A liquidity preference cannot be consistent with a flat term structure of interest rates.  B. The liquidity preference theory suggests that a downward-sloping term structure of interest rates is due to investors expecting short-term rates to decline, and although there is a maturity premium to consider, it is not large enough to offset the expectation of declining short-term rates. 

C. The pure expectations theory suggests that an upward-sloping term structure of interest rates is a consequence of investors expecting short-term rates to remain unchanged for a period of time, followed by investors expecting short-term rates to rise for a period of time.

答案

参考答案:B

完形填空

第二节完形填空(共20小题;每小题l 5分,满分30分)

阅读下面短文,从短文后各题所给的四个选项(A、B、C和D)中,选出可以填入空白处的最佳选项,并在答题卡上将该项涂黑。

Recently,I flew to Las Vegas to attend a meeting. As we were about to arrive,the pilot announced with apology that there would be a slight 2l     before setting down. High desert winds had   22   the airport to close all but one runway. He said that we would be   23   L the city for a few minutes waiting t0  24    We were also told to remain in our seats meanwhile with our seat belts fastened  25   there might be a few bumps(颠簸).We11,that few minutes turned into about  four—five minutes,including a ride that would make a roller coaster(过山车)  26  by comparison

The movement was so fierce that several passengers felt  27   and had to use airsickness bags. As you might guess,that’s not good thing to have happen in a(n) 28    space because it only 29    to increase the discomfort of the situation.

About twenty minutes into the adventure,the entire airplane became very 30 .

There was now a sense of anxiety and fear that could be 31   noticed.Every passenger simply held on for dear life …except one. A  32  was having a good time! With each bump of the33!he would let out a giggle(咯咯的笑)of delight As I observed this,I 34     that he didn’t know he was supposed to be afraid and worried about his    35 He neither thought about the past nor about the future Those are what we grown—ups have learned from  36   .He was 37  the ride  because had not yet been taught to fear it. Having  understood this,I took a deep breath and   38  back into my seat,pretending I was   39   on a roller coaster. I smiled for the rest of the flight. I even  40    to  giggle once or twice ,much to the chagrin(随恼)of the man sitting next to me holding the airsickness bag.

21. A. mistake      B. delay       C. change         D. wind

22. A. forced       B. warned     C. swept           D. reminded

23. A. watching     B. visiting     C. circling          D. crossing

24. A. arrive       B. enter        C. stop           D. land

25. A. if           B. though      C. because         D. while

26. A. light        B. pale         C. easy           D. quick

27. A. sick         B. nervous     C. angry          D. afraid

28. A. empty       B. narrow      C. secret          D. open

29. A. happens      B. continues    C. fails           D. serves

30. A. quiet        B. hot          C.  dirty         D.  crowded

31. A. partly        B.  gradually   C. shortly         D. clearly

32. A. pilot         B. baby        C.  guard         D.  man

33. A. seats        B.  passengers    C. flight          D. airplane

34. A. realized      B.  hoped      C.  agreed        D.  insisted

35. A. health       B. safety        C.joy             D. future

36. A. teachers      B. books       C.  experience     D.  practice

37. A. learning     B.  taking      C.  missing       D.  enjoying

38. A. sat         B. lay          C. went            D. rode

39. A. nearly      B.  finally      C.  really          D.  suddenly

40. A. attempted    B.  managed     C.  wanted       D.  decided

单项选择题