Part 1 Short dialogs and multiple choice questions
(每小题:4 分)
Directions: Listen to the short dialogs, then choose the correct answers to the questions. You will hear the recording twice. After the first playing, there will be time for you to choose the correct answers. Use the second playing to check your answers. 1.
A. Buy shares when prices are comparatively low.
B. Buy shares while they are rising.
C. Start buying shares as quickly as possible.
D. Buy a million shares of a high-tech stock. 2.
A. Nasdaq takes an average of all its stocks while Dow does not.
B. Dow takes the average of its all its stocks while Nasdaq does not.
C. Neither uses the average of its stocks.
D. Both take an average of all their stocks. 3.
A. A depression is approaching.
B. The stock market may crash.
C. The stock market is stable.
D. The stock market is rising fast. 4.
A. He believes in the importance of getting secret information.
B. He believes it is time to buy online stocks.
C. He agrees with the woman.
D. He disagrees with the woman. 5.
A. Many high-tech companies have been launched.
B. Many high-tech companies have been delisted.
C. One should buy stocks listed on the Nasdaq.
D. One should buy stocks listed on the Dow.
Part 2 Compound dictation
(每小题:3 分)
Directions: Listen to the passage(s) three times. When the passage is read for the first time, listen for the general idea. When the passage is read for the second time, fill in the blanks numbered from S1 to S7 with the exact words you hear. For blanks numbered from S8 to S10, write down either the exact words you hear or the main points in your own words. When the passage is read for the third time, check your answers.
Questions 1 to 10 are based on the same passage or dialog. individualJust like an S1 (1), a mutual fund can also buy or sell shares of a company's stock. A mutual fund is a group of stocks and bonds that is S2 (2)
owned by a group of people. A financial company is in charge of the
managedmutual fund, which is S3 (3)The people who S4 (4) by one or more portfolio managers. in mutual funds are also known as
ownershipinvestshareholders because a unit of S5 (5) in a mutual fund is called
shareholdersa share. A mutual fund uses the cash invested by its S6 (6) to
purchase stocks, or in some case, bonds. The fund's shareholders are indirect S7
(7)investors in that portfolio of stocks or bonds. Since a mutual fund may
contain the stocks of many companies in its portfolio, S8 (8)
.
Most mutual funds are open-end funds. This means that at the end of every day, S9 (9)
. A mutual fund can also be a closed-end fund. The sponsor of a closed-end fund registers and issues a fixed number of shares at the initial offering, similar to a common stock. Investors then can buy or sell these shares through a stock exchange. S10 (10)
Part 3 Short passages and multiple choice questions
(每小题:4 分)
Directions: Listen to the following recording, then choose the correct answers to the questions. You will hear the recording twice. After the first playing, there will be time for you to choose the correct answers. Use the second playing to check your answers.
Questions 1 to 5 are based on the same passage or dialog. 1.
Which of the following would be the best title for the passage?
A. Results of the wrongdoing by dishonest companies.
B. The worst American stock market since 1987.
C. The necessity of government inspection of companies’ financial reporting.
D. Reasons for the declining US stock market. 2.
How did the Dow Jones index behave this week?
A. It had one of the largest gains.
B. It remained stable.
C. It dropped just a little.
D. It fell sharply. 3.
How many companies are mentioned as giving false financial reports? A. One. B. Two.
C. Three. D. Four. 4.
What is the government doing regarding to the false reporting?
A. Dismissing officials involved in false financial reports.
B. Investigating the financial activities of some big companies.
C. Delisting some big companies from the stock market.
D. Drawing up laws to punish the wrongdoing of some companies. 5.
According to the passage, what has caused the declining stock market?
A. Wrongdoing by American companies.
B. Excessive investment in telecommunications.
C. Both A) and B).
D. Neither A) nor B).
Part 4 Short passages and multiple-choice questions
(每小题:4 分)
Directions: Listen to the following recording, then choose the correct answers to the questions. You will hear the recording twice. After the first
playing, there will be time for you to choose the correct answers. Use the second playing to check your answers.
Questions 1 to 5 are based on the same passage or dialog. 1.
What does \mean? A. Always.
B. Frequently.
C. Rarely.
D. Never. 2.
When did Nasdaq begin trading? A. In 1969.
B. In 1971.
C. In 1987.
D. In 1999. 3.
How many of the companies traded in the United States are listed on the Nasdaq? A. Over half.
B. Nearly half.
C. About 90 percent.
D. Almost 30 percent. 4.
Which of the following is mentioned as a way of Nasdaq stock trading? A. Through a broker.
B. On the trading floor.