独家权威震撼发布：张中宁主编《最新西方报刊经贸文章选读》课后作业答案Lesson13.doc

KEY TO EXERCISES Section A: Text Comprehension I. Reference Answers to Pre-reading Questions: A remarkable feature of the current bull market in global stocks—one of the longest and most powerful in history—is that financial analysts are spending more time worrying about unwelcome developments that could end the party than basking in the upswing. [Para 1.2] He thinks that the stock market in China is superhot. [Para 1.3] Historically, only one factor has terminated bull runs: rapidly rising interest rates. [Para 1.4] Emerging markets are getting frothy, and some are trading at 52-week highs. [Para 2.1] Because emerging markets now account for 50% of world gross domestic product. During the present financial crisis, while the developed economies are busy reducing debt, salvaging their banking systems and looking forward to slow growth (at best), many developing countries (excluding ones in Eastern Europe and Russia, of course) are sitting on piles of cash and have sound banks and moderate growth.. [Para 2.2] Class A shares is yuan-denominated while Class B shares is foreign-currency- denominated. [Para 3.5] Section B: Exercises I. Vocabulary Buildup Choose the best equivalent word or phrase from the four choices marked A, B, C and D for each underlined word or phrase in the following sentences. 1. D 2. C 3. D 4. C 5. D 6. B 7. A 8. D 9. C 10. C 11. D 12. C II. Business Terms 1. Give the Chinese equivalents of the following business terms and expressions which would be found in the given paragraphs of the text. 1). 小熊维尼交易型开放式指数基金降低金融杠杆作用市盈率资金充裕市净率估值标准高盛集团标准普尔500指数the Great Depression of the 1930s 6). bonds 2). the East Asian crisis of 1997–98 7). the BRICs 3). emerging markets 8). portfolio 4). moderate growth 9). index fund 5). money flows 10). Shanghai Composite Index III. Text Comprehension Answer the following questions according to the text. From the Great Depression of the 1930s to the East Asian crisis of 1997–98, all