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A market is commonly thought of as a place where commodities are bought and sold. Thus fru

it and vegetables are sold wholesale at Covent Garden Market and meat is sold wholesale at Smithfield Market. But there are markets for things 【21】______ commodities, in the usual sense. There are 【22】______ estate markets, foreign exchange markets, labor markets, short-term capital markets, and so on; there may be a market for anything which has a price. And there may be no particular place 【23】______ dealings are confined. Buyers and sellers may be 【24】______ over the whole world and instead of actually meeting together in a market-place they may deal with one another 【25】______ telephone, telegram, cable or letter. 【26】______ dealings are 【27】______ to a particular place, the dealers may consist wholly or in part of agents 【28】______ instructions from clients far away. Thus agents buy meat at Smithfield 【29】______ retail butchers all over England; and 【30】______ on the London Stock Exchange buy and sell 【31】______ on instructions from clients all over the world. We must therefore define a market 【32】______ any area over which buyers and sellers are 【33】______ such close touch with one another, either directly or 【34】______ dealers, that the prices 【35】______ in one part of the market affect the prices paid in other parts.

Modem means of communication are so rapid that a buyer can discover 【36】______ asking, and can accept it if he wishes, 【37】______ he may be thousands of miles away. Thus the market for anything is 【38】______ . the whole world. But in fact things have, normally, only a local or national market.

This may be because nearly the whole demand is concentrated 【39】______ one locality. These special local demands, 【40】______ , are of quite minor importance. The main reason why many things do not have a world market is that they are costly or difficult to transport.

【21】

A.nothing other than

B.other than

C.more than

D.less than

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更多“A market is commonly thought o…”相关的问题
第1题
To finance the national debt, the government issues a variety of debt securities. The most
widely held liquid security is the Treasury bill, which is commonly issued by the ministry of finance. However, some Treasury bills, like the Treasury bill of the U. S. government, do not actually pay interest. Instead they are issued at a discount from par (their value at maturity). The investor's yield comes from the increase in the value of the security between the time it was pm, chased and the time it matures.

Treasury bills are attractive to investors because they are backed by the government and therefore are virtually free of default risk. Because even if the government ran out of money, it could simply print more to pay them off when they mature. The risk of unexpected changes in inflation is also low because of the short term to maturity. The markets for Treasury bills in most developed countries are deep and liquid. A deep market is one with many different buyers and sellers. A liquid market is one in which securities can be bought and sold quickly and with low transaction costs. Investors in markets that are deep and liquid have little risk that they will not be able to sell their securities when they want to.

reasury bills are short - term and virtually free of default risk.

A.Right

B.Wrong

C.Doesn't say

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第2题
?Read the following letter.?Choose the best word to fill each gap.?For each question (19 -

?Read the following letter.

?Choose the best word to fill each gap.

?For each question (19 -33), mark one letter (A, B, C or D) on your Answer Sheet.

?One answer has been given as an example.

Most managers make decisions under conditions of risk. and the managers at Super Drinks are no exception. With 10 percent of the domestic soft-drink market under its (19) the company has now (20) its horizons and moved into the wine industry.

Having (21) $110 million buying the Taste Wine corporation. Super Drinks are currently in the process of (22) to the wine business the same tools that have made coke a popular soft drink in the world -- money, muscle and marketing. The firm is trying to (23) its newly acquired wine business to the soft-drink mold that has proved (24) .

Can Super Drinks make this (25) pay off? The company is optimistic. For example. while Taste grossed only $65 million the year it was (26) , Super Drinks' executives believe it will gross over $1 billion by the end of the 2010s. nearly 15 times Taste's current (27) . On the other hand. there are several things that Taste has going for. One is the Super Drinks' money and management expertise that are available for this wine (28) The other is that while Taste, in the past, (29) only the New York table wine business and produced sweeter wines that (30) less than 10 percent of the domestic market, the Taste wine brand was the most commonly (31) of all. Building on these (32) , the management hopes to. via effective decision making, make Taste wine almost as (33) as Super Drinks.

(19)

A.guidance

B.direction

C.control

D.management

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第3题
?Read the text below about federal reserve system.?In most of the lines 34--45 there is on

?Read the text below about federal reserve system.

?In most of the lines 34--45 there is one extra word. It is either grammatically incorrect or does not fit in with the meaning of the text. Some lines, however, are correct.

?If a line is correct, write CORRECT on your Answer Sheet.

?If there is an extra word in the line, write the extra word in CAPITAL LETTERS on your Answer Sheet.

The Federal Reserve System

Correct Commonly known as the Federal Reserve Bank or the "Fed", this is the central

Which bank of the United States which founded in 1913, it determines the Reserve

34 Requirement within limits set out by the US Congress. The function of the Fed is

35 economic stabilization operate through the management of the national money

36 supply. The Federal Reserve System comprises with a board of governors with

37 seven members both stationed in Washington D. C. The responsibilities of the

38 Fed system are carried out through 12 Regional Federal Reserve Banks

39 controlling. The members of the Fed include the commercial banks, i.e. those

40 with the national chartered commercial banks and approximately to 10% of the

41 State-chartered commercial banks. These member banks buy stock from their

42 Regional Federal Reserve Banks is the larger body of the Fed system which

43 determines what the interest rates of the USA. Through the purchasing and

44 selling of securities, the Fed is able to control the money supply. Its open-market

45 operations may well effect the reserve base, thus restricting the credit and loan market in the USA.

(34)

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第4题
听力原文:The food we eat seems to have produced profound effects on our health. Although s

听力原文: The food we eat seems to have produced profound effects on our health. Although science has made enormous steps in making food more fit to eat, it has, at the same time, made many foods unfit to eat. Some research has shown that eight percent of all human illnesses are related to diet and forty percent of cancer is relined to the diet as well, especially cancer of the colon (结肠). Different cultures are more prone to contract certain illness became of the food that is characteristic in these cultures. That food is related to illness is not a new discovery. In 1945, government researchers realized that nitrates (硝酸盐) and nitrites (亚硝酸盐), commonly used to preserve color in meats, and other food additives, caused cancer. Yet, these additives remain in our food, and it becomes more difficult to know which things on the packaging labels of processed foods are helpful or harmful. The additives that we eat are not all so direct. Farmers often give penicillin to beef and administered to animals not for medical purposes, but for financial reasons. The farmers are simply trying to fatten the animal in order to obtain a higher price on the market, Although the Food and Drug Administration has repeatedly tried to control these procedures, the practices continue.

(33)

A.It has made many additives.

B.It has caused most cancers.

C.It makes some cultures more prone to cancer.

D.It has made many foods unfit to eat.

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第5题
?Read the article below about the securities exchange.?Choose the best sentence to fill in

?Read the article below about the securities exchange.

?Choose the best sentence to fill in each of the gaps.

?For each gap 8-12, mark one letter(A-G)on your Answer Sheet.

?Do not use any letter more than once.

The Securities Exchange

When people buy stock, most do so through one of the securities exchanges or marketplaces for stocks and bonds. These marketplaces are commonly called "stock exchanges" and they provide a meeting place for both the buyer and seller. To understand why such securities or stock exchanges are important in the purchase and sale of stocks and bonds, consider what would happen if you, and everyone who wanted do buy (or sell) securities, had to find your own buyer (or seller). If the market is going down the only way to recover your investment is to hang on to the stock and wait for it to come back. More importantly, how would you find out who is interested in selling that stock to you (or buying it from you)? In order to handle this marketing problem, securities exchanges sprung up. These exchanges are nothing more than locations where stocks are bought and sold. And since there is a common meeting place for there (or send their representatives). The result is a very systematic market process, where transations are handled in an orderly manner and the operations are both supervised and regulated by law. (8) Buying and Selling Securities

The general approach in buying and selling securities, regardless of the exchange where they are purchased, is basically the same, We provide a general picture of how security transactions take place; and for a fuller understanding, we will discuss some of the important terminology and functions of security trading. (9)

How would you go about buying stock in a major corporation? It's really quite simple. First, you would decide what you want to buy—such as 100 shares of IBM. (10)

Assuming your broker works for a major stock brokerage, the order would be telephoned directly to a company clerk on the floor of the New York Stock Exchange. The clerk would hand the order to a member of the Exchange who is a partner in the brokerage. This individual would then go to the appropriate locale on the trading floor and ask for the latest quote on IBM. Let us say it is "70 to a quarter." (11)

If your broker wants, a sale can be struck at $ 70.25 since the order calls for a purchase at the current market price. More likely, however, your broker will bid $ 70.125 and hope to save you one eighth of a point or $ 12.50. And it is likely that another broker with an order to sell will show up and accept the bid of $ 70 1/8. The two brokers will then initial each other's sales orders and see that the transaction is relayed to the exchange employee known as the reporter. The reporter sees that the sale is reported and a few minutes later it will come out on the ticker tape.

Bulls and Bears

What does "a bull" mean? It is a term that is used to refer to an invester who expects prices to rise.

(12) Of course, the market will not always rise. Sometimes stocks drop and remain low for extended periods of time. Those investors who expect stock prices to decline are known as "bears." During the Great Depression, the bears made a great deal of money. While the bulls were "buying long" the bears were "selling short."

A How would you know what a fair price for the security is?

B This means that someone is currently bidding "$ 70 for the stock and another party is willing to sell at $ 70.25."

C How stocks are actually purchased

D "Bulls" buy in anticipation of the market going up.

E In this way, the buyer (or seller) is ensured that the best price is secured and they are not shortchanged or cheated in any way.

F&nbs

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第6题
Ethanol is commonly used()a gasoline supplement.

A.for

B.to

C.by

D.as

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第7题
The item most commonly used for signaling was the ______.A.hatB.bandannaC.armD.rope

The item most commonly used for signaling was the ______.

A.hat

B.bandanna

C.arm

D.rope

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第8题
Less commonly, they make mistakes with tragic (consequences).()

A.sequence

B.concern

C.influences

D.results

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第9题
What are the commonly used types of agencies?
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第10题
Where are vegetables commonly dried nowadays?

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