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BEC初级模拟试题一
Test 1
READING
PART ONE (Questions 1-7)
? Read these sentences and the currency report.
? Which paragraph does each Sentence (1~7) come from?
? For each sentence mark one letter (A, B, C or D)
Example
Toshuku had the astonishing large debts.
Answer B
1. The IMF mentioned that it would update its prediction.
2. Nikkei-225 index dropped by than 2 per cent yesterday.
3. Japanese government is going to take action to stop the Asian currency slide.
4. Daiwa Securities and Nikko Securities were to be punished.
5. Japan was to have massive income tax cuts.
6. Lending money to countries suffering great difficulties has quickened its pace.
7. Nikko Securities received a three-month ban.
Japan acts on currency slide
A
The Bank of Japan’s move, yet to be officially confirmed, indicates that the Japanese government is determined to play a role in stopping the Asian currency slide which has taken a heavy toll elsewhere in the region and could have accelerated if it was felt that Japan would allow the Yen to decline in value to make local goods more competitive.
Support for the Yen may prove to be more effective than the massive income tax cuts announced on Tuesday. These have been judged an inadequate response to the gravity of Japans economic problems.
B
This disappointment was reflected in the Japanese stock market yesterday, with the blue chipNikkei-225 index dripping by more than 2 per cent. Market sentiment was also depressed by news of the fourth largest post-war bankruptcy taking down the foodstuff trader Toshuku with debts totaling an astonishing $4bn. The company blamed the bursting of the bubble economy for its woes. Toshuku is the ninth listed company to go under this year.
C
Meanwhile the long running scandal; of leading stockbrokers involvement with racketeers came to a head yesterday with news that Daiwa Securities and Nikko; Securities, two of Japans biggest stockbrokers, were to be severely punished for I paying off racketeer who had threatened to disrupt sha
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