榛�(di菐n)鎿婃煡鐪�锛�2013骞磋伔绋辫嫳瑾�(y菙)缍滃悎椤炶(b菙)鍏ㄧ煭鏂囪│椤屽強绛旀鍖附銆€銆€

The Dollar in World Markets

銆€銆€According to a leading German banker, the U.S. dollar is鈥渢he most frequently discussed economic phenomenon of our times.鈥滺e adds,鈥溾€he dollar鈥檚 exchange rate is at present the most important price in the world economy鈥︹€� 1 The central banks of many countries hold huge reserves of dollars, and over half of all world trade is priced in terms of dollars2.Any shift in the dollar鈥檚 exchange rate will benefit some and hurt others. 2

銆€銆€The dollar鈥檚 exchange rate has been too volatile and unpredictable.Several years ago the dollar was rapidly declining in value. 3 The rise in the price of foreign goods made it possible for U.S.businesses to raise the price of competing goods produced here,thus worsening inflation.Foreigners who dealt3 in dollars or who held dollars as reserves were hurt.People in the United States who had borrowed foreign currencies found that they had to pay back more than they borrowed because the declining dollar would buy fewer units of the foreign money. 4

銆€銆€The dollar went soaring upward4,and the situation was reversed.The United States exporters found it hard to sell abroad because foreigners would have to pay more for U.S.dollars.People in the United States now bought the relatively cheaper foreign goods,and U.S.manufacturers complained that they could not compete.Job losses were often blamed on the鈥渙vervalued鈥漝ollar5.Poor nations that had borrowed dollars found it difficult to repay both the loans and the interest because they had to use more and more of their own currencies to obtain dollars. 5 We might even return to the gold standard

銆€銆€Fixed exchange rates did not work in the past.Currency values should be determined by market conditions.A drop in the exchange value of a nation鈥檚 currency means6 that it is importing too much,that it is too inefficient to compete in world markets,that it is permitting a high rate of inflation which makes its goods too expensive,that it is going too deeply in debt,or that others have lost confidence in the nation鈥檚 stability.A nation should bring its exchange rate back up by addressing7 these problems,not by interfering with the money market.

銆€銆€瑭炲尟锛�

銆€銆€banker n.閵€琛屽 floating exchange rate娴嫊(d貌ng)鍖巼

銆€銆€volatile adj.鍙嶅京(f霉)鐒�(w煤)甯哥殑 gold standard閲戞湰浣�

銆€銆€worsen vt.&vi.浣挎洿澹�,浣挎洿绯�

銆€銆€娉ㄩ噵锛�

銆€銆€1. act as锛氳捣鈥︹€︾殑浣滅敤銆傚張濡傦細

銆€銆€She acted as an interpreter for the delegation. 濂圭郸浠ｈ〃鍦�(tu谩n)鐣�(d膩ng)缈昏銆�

銆€銆€2. priced in terms of dollars锛氫互缇庡厓瀹氬児(ji脿)銆傚湪閫欓噷,in terms of鎰忕偤锛氭寜鐓�,鏍规摎(j霉)銆傞€欏€�(g猫)浠嬭鐭獮(y菙)鐨勬剰鎬濊鏍规摎(j霉)涓婁笅鏂囪€屽畾,渚嬪锛�

銆€銆€The school is good in terms of facility but not in terms of faculty.

銆€銆€閫欐墍瀛�(xu茅)鏍¤ō(sh猫)鍌欏ソ,浣嗗斧璩囧樊銆�

銆€銆€3. deal锛氬湪姝ゆ剰鐐猴細缍�(j墨ng)鐕�(y铆ng),鍋氱敓鎰�銆傚張濡傦細

銆€銆€They mainly deal in fruits.浠栧€戜富瑕佺稉(j墨ng)鐕�(y铆ng)姘存灉銆�

銆€銆€4. go soaring upward锛氶鍗�

銆€銆€5. Job losses were often blamed on the鈥渙vervalued鈥漝ollar.锛�

銆€銆€澶辨キ(y猫)甯告鍜庝簬缇庡厓鈥滃児(ji脿)鍊奸亷(gu貌)楂樷€濄€俠lame鈥n锛氭鍜�,鎺ㄨ珘銆傚張濡傦細

銆€銆€You can鈥檛 blame the failure on him.浣犱笉鑳藉皣澶辨晽姝哥姜浜庝粬銆�

銆€銆€6. A drop in the exchange value of a nation鈥檚 currency means鈥︼細涓€鍊�(g猫)鍦�(gu贸)瀹惰波骞ｅ厡鎻涚巼鐨勯檷浣庢剰鍛宠憲鈥︹€︽敞鎰忥細means鍚庡叡鏈変簲鍊�(g猫)鐢眛hat寮曞皫(d菐o)鐨勮硴瑾�(y菙)寰炲彞銆�

銆€銆€7. address锛歛ddress鍦ㄩ€欓噷鎸嘾eal with,give attention to(铏曠悊,闂�(gu膩n)娉�)銆傚張濡傦細

銆€銆€It鈥檚 time to address environmental problems.瑭叉槸瑙ｆ焙鐠�(hu谩n)澧冨晱(w猫n)椤岀殑鏅�(sh铆)鍊欎簡銆�

銆€銆€绶寸繏(x铆)锛�

銆€銆€A The solution to this problem is to end the system of floating exchange rates and return to fixed rates.

銆€銆€B Some people suggest, therefore, that the dollar鈥檚 value should be more tightly controlled.

銆€銆€C The United States lost face in the eyes of the rest of the world.

銆€銆€D Because the dollar acts as鈥� a world currency,its value affects many nations.

銆€銆€E This made it difficult for Americans to purchase foreign goods and services

銆€銆€F Those who borrowed a lot of money from a bank suffered most.

銆€銆€绛旀1.D 2.B 3.E 4.C 5.A