The savings, both _____ time and money, could be considerable.

Both checking accounts and savings accounts pay interest.

A．True

B．False

The dual banking system______.

A．is one in which banks both accept savings and make loans

B．includes both state and national banks

C．is one in which banks can lend money or invest money

D．includes both depository institutions and other financial institutions

h the savings of the public at large. The same problem, on asmaller scale, faces practically every company, trying to develop new products and create new jobs.There can be little prospect of raising the sort of sums needed from friends and people we know, andwhile banks may agree to provide short-term finance, they are generally unwilling to provide money on a permanent basis for long-term projects. So companies turn to the public, inviting people to lend themmoney, or take a share in the business in exchange for a share in future profits. This they do by issuingstocks and shares in the business through the Stock Exchange. By doing so, they can put into circulationthe savings of individual and institutions, both at home and overseas. When the saver needs his money back, he does not have to go to the company with whom he originally placed it. Instead, he sells his shares through a stockbroker to some other saver who is seekingto invest his money. Many of the services needed both by industry and by each of us are provided by the Governmentor by local authorities. Without hospitals, roads, electricity, telephones, railways, this country could notfunction. All these require continuous spending on new equipment and new development if they are to serve us properly, requiring more money than is raised through taxes alone. The Government, localauthorities, and nationalized industries therefore frequently need to borrow money to finance major capital spending, and they too, come to the Stock Exchange. There is hardly a man or woman in this country whose job or whose standard of living does not depend on the ability of his or her employers to raise money to finance new development. In one wayor another, this new money must come from the savings of the country. The Stocky Exchange exists top rovide a channel through which these savings can reach those who need finance. Almost all companies trying to develop new products and creating new jobs have to

A.persuade the banks to provide long-term finance

B.rely on their own financial resources

C.borrow large sums of money from friends and relatives

D.depend on the population as a whole for finance

ings accounts and savings bonds.They take comfort of knowing that while the return from such【M1】______

investmentsmay be small, it is steady and sure. Another people seek investments 【M2】______

that involve higher risks. They understand that the amount of money a investment 【M3】______

returns is frequently related to the amount of risk it involves. Because they want to obtain the greatest possible return on each dollar investing, they are willing to take certain 【M4】______

chances. Still another group of people want both comfort of safe investments and 【M5】______

greater dollar return of high-risk investments. Accordingly, they prefer to a program 【M6】______

that has a balance of both safe and high-risk investments.

For the last two groups, most popular types of high-risk investments are those 【M7】______

that involve securities. Securities, that is a general term for stocks and bonds, are 【M8】______

sold by governments and corporations in order to raise large amounts of money.

There are three ways in which businesses that needs a great deal of money for a long 【M9】______

period of time can obtain that money. They can go to a bank and apply for a long-term loan. They can use the profits of the business. Or they can sell stocks and bonds. But banks are often reluctant to lend large amounts for periods longer than one and two years. 【M10】______

And profits are ordinarily not large enough to finance anything very expensive.

【M1】

to open a savings account. Want to come？ W: Sure. Wait a minute. M: OK.(a little while later) W: You just said you wanted to open a savings account？ M: Yes. W: They usually have two kinds of deposit — time deposit and current deposit. M: What is the minimum deposit for a savings account？ W: Sorry, I dont know, but how much money do you want to deposit to start with？ M: Two thousand dollars. W: Thats big enough for both, Im sure. M: You know the interest rate, dont you？ W: For current deposit it is very low. M: I dont mind that. I want to put my money in the bank just to be on the safe side. W: Good idea. M: Is it convenient to withdraw money from my savings account here？ W: Its very easy. You just need to fill out a withdrawal form. and hand in your chequebook together with it, and everything will be OK. M: Do they use a password？ W: Yes, you can if you like. M: Do I have to show anything as proof of identification？ W: No. They want nothing. Just tell them your name and address. Thats all. M: Thank you. Questions 9 to 12 are based on the conversation you have just heard. 9. How much money does the man want to deposit to start with？ 10. What does the man want to do in the bank？ 11. How can the man withdraw money from his savings account？ 12. According to the conversation, what do we know about the interest rate？9．

A．To buy some national savings bonds.

B．To open a savings account.

C．To inquire about the interest rate.

D．To withdraw some money.

Text 3

Companies with large scale need a way to reach the savings of the public at large. The same problem, with a smaller scale, faces practically every company trying to develop new products and create new jobs. There can be little prospect of raising the sort of sums require from friends and people we know, and while banks may agree to provide short term finance, they are generally unwilling to provide money on a permanent basis for long-term projects. So companies turn to the public, persuading people to lend them money, or take a share in the business in exchange for a share in future profits. Thus they do by issuing stocks and shares in the business through the Stock Exchange. Only by doing so can they put into circulation the savings of individuals both at home and abroad.

When the saver needs his money back, he does not have to go to the company with whom he originally placed it. Instead, he sells his shares through a stockbroker to some other savers who is earnest to invest his money.

A lot of the services needed both by industry and by each of us are provided by the Government or by local authorities. The governments at all levels furnish us with hospitals, roads, electricity, telephones, equipment and other new development. The money raised through taxes alone can't serve us properly. The government, local authorities, and nationalized industries therefore frequently need to borrow money to support major capital expenses, and they too, come to the Stock Exchange.

There is hardly a man or woman in this country whose job or whose living standard does not rely on the ability of his or her employers to raise money to finance new development. In one way or another, the money needed must be gathered from the public at home or abroad. The Stock Exchange exists to supply a channel through which these savings can reach those who need finance.

Almost all companies involved in new production and development must______.

[A] depend on their own financial resources

[B] invite the banks to provide long-term finance

[C] borrow large sums of money from friends and people they know

[D] rely on the population as a whole for finance

听力原文：W: Hey, Tom. What's up？ Where are you off to？

Mi I'm on my way to the bank. I have to open a savings account. Want to come？

W: Sure. Wait a minute.

M: OK.(a little while later)

W: You just said you wanted to open a savings account？

M: Yes.

W: They usually have two kinds of deposit—time deposit and current deposit.

M: What is the minimum deposit for a savings account？

W: Sorry. I don't know, but how much money do you want to deposit to start with？

M: Two thousand dollars.

W: That's big enough for both, I'm sure.

M: You know the interest rate, don't you？

W: For current deposit it is very low.

M: I don't mind that. I want to put my money in the bank just to be on the safe side.

W: Good idea.

M: Is it convenient to withdraw money from my savings account here？

W: It's very easy. You just need to fill out a withdrawal form. and hand in your check book together with it, and everything will be OK.

M: Do they use a password？

W: Yes, you can if you like.

M: Do I have to show anything as proof of identification？

W: No. They want nothing. Just tell them your name and address. That's all.

M: Thank you.

(23)

A．Two hundred dollars.

B．Three hundred dollars.

C．Two thousand dollars.

D．Three thousand dollars.

听力原文：W: Hey, Tom. What's up？ Where are you off to？

M: I'm on my way to the bank. I have to open a savings account. Want to come？

W: Sure. Wait a minute.

M: OK. (a little while later)

W: You just said you wanted to open a savings account？

M: Yes.

W: They usually have two kinds of deposit-time deposit and current deposit.

M: What is the minimum deposit for a savings account？

W: Sorry. I don't know, but how much money do you want to deposit to start with？

M: Two thousand dollars.

W: That's big enough for both, I'm sure.

M: You know the interest rate, don't you？

W: For current deposit it is very low.

M: I don't mind that. I want to put my money in the bank just to be on the safe side.

W: Good idea.

M; Is it convenient to withdraw money from my savings account here？

W: It's very easy. You just need to fill out a withdrawal form. and hand in your check book together with it, and everything will be OK.

M: Do they use a password？

W: Yes, you can if you like.

M: Do I have to show anything as proof of identification？

W: No. They want nothing. Just tell them your name and address. That's all.

M: Thank you.

(23)

A．Two hundred dollars.

B．Three hundred dollars.

C．Two thousand dollars.

D．Three thousand dollars.

e problem, on a smaller scale, faces practically every company trying to develop new products and create new jobs. There can be little prospect of raising the sort of sums require from friends and people we know, and while banks may agree to provide short term finance, they are generally unwilling to provide money on a permanent basis for long-term projects. So companies turn to the public, persuading people to lend them money, or take a share in the business in exchange for a share in future profits. Thus they do by issuing stocks and shares in the business through the Stock Exchange. Only by doing so can they put into circulation the savings of individuals both at home and abroad.

When the saver needs his money back, he does not have to go to the company with whom he originally placed it. Instead, he sells his shares through a stockbroker to some other savers who is earnest to invest his money.

A lot of the services needed both by industry and by each of us are provided by the Government or by local authorities. The governments at all levels furnish us with hospitals, roads, electricity, telephones, equipment and other new development. The money raised through taxes alone can't serve us properly. The government, local authorities, and nationalised industries therefore frequently need to borrow money to support major capital expenses, and they too, come to the Stock Exchange.

There is hardly a man or woman in this country whose job or whose living standard does not rely on the ability of his or her employers to raise money to finance new development. In one way or another, the money needed must be gathered from the public at home or abroad. The Stock Exchange exists to supply a channel through which these savings can reach those who need finance.

Almost all companies involved in new production and development must ______.

A．depend on their own financial resources

B．invite the banks to provide long-term finance

C．borrow large sums of money from friends and people they know

D．rely on the population as a whole for finance

根据下列文章,请回答 31～35 题。

Text 3

Companies with large scale need a way to reach the savings of the public at large. The same problem, with a smaller scale, faces practically every company trying to develop new products and create new jobs. There can be little prospect of raising the sort of sums require from friends and people we know, and while banks may agree to provide short term finance, they are generally unwilling to provide money on a permanent basis for long-term projects. So companies turn to the public, persuading people to lend them money, or take a share in the business in exchange for a share in future profits. Thus they do by issuing stocks and shares in the business through the Stock Exchange. Only by doing so can they put into circulation the savings of individuals both at home and abroad.

When the saver needs his money back, he does not have to go to the company with whom he originally placed it. Instead, he sells his shares through a stockbroker to some other savers who is ear- nest to invest his money.

A lot of the services needed both by industry and by each of us are provided by the Government or by local authorities. The governments at all levels furnish us with hospitals, roads, electricity, telephones, equipment and other new development. The money raised through taxes alone can't serve us properly. The government, local authorities, and nationalized industries therefore frequently need to borrow money to support major capital expenses, and they too, come to the Stock Exchange.

There is hardly a man or woman in this country whose job or whose living standard does not rely on the ability of his or her employers to raise money to finance new development. In one way or another, the money needed must be gathered from the public at home or abroad. The Stock Exchange exists to supply a channel through which these savings can reach those who need finance.

第 31 题 Almost all companies involved in new production and development must

A．depend on their own financial resources

B．invite the banks to provide long-term finance

C．borrow large sums of money from friends and people they know

D．rely on the population as a whole for finance

prospect of raising the sort of sums needed【M1】______ from friends and people we know, and while banks may agree to provide short-term finance, they are generally willing to provide【M2】______ money on a permanent basis for long-term projects. So companies turn over public, inviting people to lend them money, or take a share in the【M3】______ business to exchange for a share in future profits. They do so with【M4】______ issuing stocks and shares in the business through The Stock Exchange. By doing so they can put into circulation the saving of individuals【M5】______ and institutions, both at home and overseas. When the saver needs his money back, he does not have to go to the company with whom he originally placed it. Instead of, he sells his shares through a【M6】______ stockbroker to some other saver who is seeking to invest his money. Many of the services needed both by industry and by each of us are provided by the Government or by local authorities. Without hospitals, roads, electricity, telephones, railways, this country could function.【M7】______ All these require continuous spending in new equipment and new【M8】______ development if they are to serve us properly, requiring less money【M9】______ than is raised through taxes alone. The government, local authorities, and nationalized industries, however, frequently needed to borrow【M10】______ money to finance major capital spending, and they, too, come to The Stock Exchange.

【M1】