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A Listening Course 4
施心远主编《听力教程》4 (第2版)答案
Unit 5
Section One: Tactics for Listening Part 1: Listening and Translation
1. Stocks, bonds, land--people invest in different things and for different reasons.
股票、债券、土地--人们由于不同原因进行不同的投资。 2. But all investors share the same goal. 但是所有的投资者都有一个共同的目标。
3. They want to get more money out of their investment than they put into it.
他们希望通过投资获得比所有投入的资金更多的货币回报。 4. The money they invest today provides capital for future growth in the economy.
他们今天的投资为将来经济的发展提供了资金。
5. Investors have to decide how much risk they are willing to take and for how long.
投资者必须决定自己愿意在多长的时间范围内承受多大的风险。 Section Two Listening Comprehension Part 1 Dialogue The Bank Manager
Exercise: Listen to the dialogue and choose the best answer to complete
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each of the following sentences.
1. D 2. A 3. D 4. B 5. C 6. C 7. A 8. C
Part 2 Passage Stock Market: How it Works Ex. A. Pre-listening Question
What do you know about stock market in China?
The Shanghai Stock Exchange was founded on November 26th, 1990 and in operation on December 19th the same year, and Shenzhen Stock Exchange was established on December 1st, 1990. Ex. B: Sentence Dictation
1. A wave of selling triggered widespread price declines in stock markets from New York to Australia. The Dow Jones Industrial Average plunged 508 points in the panicked rush to sell.
2. The stock market is the means through which previously issued corporate stocks, shares of ownership in a corporation, are traded. 3. However, the forces influencing the prices of corporate stocks are quite different from those influencing the prices of goods and services. 4. People and organizations who buy and hold stock do so for the incomes they hope to earn.
5. When Black Monday finally reeled to a close, many a portfolio had lost over a fifth of the value it had the day before. Ex. C: Detailed Listening.
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1. B 2. A 3. D 4. B 5. B 6. D 7. C 8. C Ex. D: After-listening Discussion 1. What is “Black Monday”?
On October 19, 1987, a wave of selling triggered widespread declines in stock markets from New York to Australia. That day is “Black Monday”. On that day, there were hardly any buy orders, and the markets were flooded with sell orders. Over 600 million shares were traded on the New York Stock Exchange---more than twice the NYSE’s average sales volume. The Dow Jones Industrial Average of the prices of 30 stocks of major US companies lost 22.6 percent of its value on that memorable day, plunging 508 points in the panicked rush to sell. When Black Monday finally reeled to a close, many a portfolio had lost over a fifth of the value it had the day before.
2. Do you like to be a broker? Why? Open.
Script of Passage:
Stock Market: How It Works
On Monday, October 19, 1987, a wave of selling triggered widespread price declines in stock markets from New York to Australia. ON that day, now infamous as “Black Monday”, over 600 million shares were traded on the New York Stock Exchange---more than twice the NYSE’s average sales volume. The Dow Jones Industrial Average of the
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prices of 30 stocks of major US companies lost 22.6 percent of its value on that memorable day, plunging 508 points in the panicked rush to sell.
What is the stock market, and how is it affected by the forces of supply and demand? The stock market is the means through which previously issued corporate stocks, shares of ownership in a corporation, are traded. Stock exchanges are organizations whose members act as intermediaries to buy and sell stocks for their clients. About 80 percent of all stock trading in the United States takes place at the New York Stock Exchange. There are other stock exchanges in the United States as well as in Paris, London, Sydney and Tokyo.
How are stock prices determined? The answer, as you might expect, is by supply and demand. However, the forces influencing the prices of corporate stocks are quite different from those influencing the prices of goods and services. People and organizations who buy and hold stock do so for the incomes they hope to earn. The incomes depend on dividends paid to stockholders, changes in the incomes they hope to earn. The incomes depend on dividends paid to stockholders, changes in the price of stock over time, and the expected return compared to the return on alternative investments.
On any given day in the stock market, there are orders to buy and orders to sell. The orders to buy constitute the quantity of a stock demanded at the current (or anticipated) price per share, while the
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orders to sell constitute the quantity supplied at that price. The chief influence on both the supply of and demand for stocks is the income potential of holding the stock compared to the income potential of holding alternative assets such as bonds, other types of securities, or real property like buildings and land.
On the New York Stock Exchange, trading in all stocks is continuous. A specialist is assigned to oversee trading in each stock. This specialist is a “broker’s broker” who tries to adjust the price of the stock so that quantity demanded equals quantity supplied. However, the specialist is also allowed to purchase the stock to hold as a personal investment if no buyer can be found. In this way the specialist can exert some influence on the supply of and demand for stocks, and will do so if it’s profitable.
On October 19, 1987, there were hardly any buy orders, and the markets were flooded with sell orders. Because of the tremendous surplus of stocks at the prevailing prices, specialists and call clerks lowered prices until quantity demanded equaled quantity supplied. When Black Monday finally reeled to a close, many a portfolio had lost over a fifth of the value it had the day before. Section Three News News Item 1
Ex. A: Summarize the news
This news item is about the fact that Arctic is the warmest in two 精品文档
最新施心远主编《听力教程》4-（第2版）Unit-5答案
