大学英语四级-选词填空 专项训练2014-2015共12套.docVIP

大学英语六级-cloze 专项训练 Cloze 5 (10 minutes) CET 6 2014/6-1 advantages B) assess C) bother D) conserved E) deduction F) discount G) embarrass H) features I) fluctuate J) indefinite K) insured L) major M) naturally N) potential O) simultaneously For investors who desire low risk and guaranteed income, US government bonds are a secure investment because these bonds have the financial backing and full faith and credit of the federal government. Municipal bonds, also secure, are offered by local governments and often have___ 36___such as tax-free interest. Some may even be___37___. Corporate bonds are a bit more risky. Two questions often___38___first-time corporate bond investors. The first is “If I purchase a corporate bond, do I have to hold it until the maturity date?” The answer is no. Bonds are bought and sold daily on___39___securities exchanges. However, if you decide to sell your bond before its maturity date, you’re not guaranteed to get the face value of the bond. For example, if your bond does not have___40___ that make it attractive to other investors, you may be forced to sell your bond at a___ 41___, i.e., a price less than the bonds face value. But if your bond is highly valued by other investors, you may be able to sell it at a premium, i. e ., a price above its face value. Bond prices generally___42___inversely (相反地) with current market interest rates. As interest rates go up, bond prices fall, and vice versa (反之亦然）. Thus, like all investments, bonds have a degree of risk. The second question is “ How can I___43___the investment risk of a particular bond issue?” Standard Poors and Moody’s Investors Service rate the level of risk of many corporate and government bonds. And___44___, the higher the market risk of a bond, the higher the interest rate. Investors will invest in a bond considered risky only if the ___45___ return is high enough. 注意：此部分试题请在答题卡2作答。 【答案与解析】 36.?A)?advantages 【解析】这里应该填入名词，such?as是举例，例子后面是免税，是政府债券的好处。此处答