The Dollar in World Markets
According to a leading German banker, the U.S. dollar is "the most frequently discussed economic phenomenon of our times." He adds, "…the dollars exchange rate is at present the most important price in the world economy…". Because the dollar acts as a world currency, ___(1)___. The central banks of many countries hold huge reserves of dollars, and over half of all world trade is priced in terms of dollars. Any shift in the dollars exchange rate will benefit some and hurt others. Some people suggest, therefore, ____(2)___.
The dollars exchange rate has been too volatile and unpredictable. Several years age the dollar was rapidly declining in value. This made it ___(3)___. The rise in the price of foreign goods made it possible for U.S. businesses to raise the price of competing foods produced here, thus worsening inflation. Foreigners who dealt in dollars or who held dollars as reserves were hurt. People in the United States who had borrowed foreign currencies found that they had to pay back more than they borrowed ___(4)___. The United States lost face in the eyes of the rest of the world.
The dollar went soaring upward, and the situation was reversed. United States exporters found it hard to sell abroad because foreigners would have to pay more for U.S. dollars. People in the United States now bought the relatively cheaper foreign goods, and U.S. manufacturers complained that they could not compete. Job losses were often blamed on the "overvalued" dollar. Poor nations ___(5)___ found it difficult to repay both the loans and the interest because they had to use more and more of their own currencies to obtain dollars. The solution to this problem is to end the system of floating exchange rates and return to fixed rates. We might even return to the gold standard.
Fixed exchange rates did not work in the past. Currency values should be determined by market conditions. A drop in the exchange value of a nations currency means that it is importing too much, that it is too inefficient to compete in world markets, that it is permitting a high rate of inflation which makes its goods too expensive, that it is going too deeply in debt, or that others have lost confidence in the nations stability. A nation should bring its exchange rate back up by addressing these problems, not by interfering with the money market.
A. that had borrowed dollars
B. that the dollars value should be more tightly controlled
C. because the declining dollar would buy fewer units of the foreign money
D. its value affects many nations
E. difficult for Americans to purchase foreign goods and services
F. that have a lot of U.S. dollars
KEY: DBECA
纠错评论责编：joyce上一篇:2012职称英语卫生类补全短文考前复习训练汇总下一篇:2017年职称英语卫生类C级词汇精选（4）
免责声明：以上内容仅代表原创者观点，其内容未经本站证实，中华考试网对以上内容的真实性、完整性不作任何保证或，转载目的在于传递更多信息，由此产生的后果与中华考试网无关；如以上转载内容不慎侵犯了您的权益，请联系我们QQ：1434834666，我们将会及时处理。
课程免费试听
课程专业名称讲师原价/优惠价免费体验报名
2017年职称英语零基础VIP套餐(理工、卫生、综合)类幺建华+童彤￥1580 / ￥1530试听
2017年职称英语精品VIP套餐(理工、卫生、综合)类幺建华+童彤￥1380 / ￥1100试听
2017年职称英语签约套餐(理工、卫生、综合)类幺建华+童彤￥1080/ ￥830试听
2017年职称英语优惠套餐报名(理工、卫生、综合)类幺建华+童彤￥480 / ￥450试听
相关推荐
11-22·2017年职称英语卫生类C级词汇精选（4）11-22·2017年职称英语卫生类C级词汇精选（3）11-22·2017年职称英语卫生类C级词汇精选（2）11-22·2017年职称英语卫生类C级词汇精选（1）11-22·2017职称英语卫生类C级语法复习资料（4组）热点推荐»
12016-11-222017年职称英语卫生类C级词汇精选（4）22016-11-222017年职称英语卫生类C级词汇精选（3）32016-11-222017年职称英语卫生类C级词汇精选（2）
报考指南
考试简介报名对象报名时间考试时间考试要求考试内容命题原则考试级别免考规定类别选择合格标准教材大纲
编辑推荐
·很多地区免考了 2017年还需要考职称英语吗？·江苏2016年12月职称英语补充考试报名公告·2017年职称英语综合A级考试精选词汇汇总(5组·2017职称英语试题卫生B级模拟题3(完型填空)·2017职称英语试题卫生B级模拟题3(补全短文)·2017职称英语试题卫生B级模拟题3(阅读理解)·2017职称英语试题卫生B级模拟题3(概括大意)·2017职称英语试题卫生B级模拟题3(阅读判断)
examw.cn
2017年职称英语考试宝典VIP特训版(卫生类A级)￥980.0012345
模拟试题历年真题考试题库
·2017职称英语试题卫生B级模拟题3(完型填空)·2017职称英语试题卫生B级模拟题3(补全短文)·2017职称英语试题卫生B级模拟题3(阅读理解)·2017职称英语试题卫生B级模拟题3(概括大意)·2017职称英语试题卫生B级模拟题3(阅读判断)·2017职称英语试题卫生B级模拟题3(词汇选项)·2017职称英语试题卫生B级模拟题1(概括大意)·2017职称英语试题卫生B级模拟题1(阅读判断)
论坛热帖
1全国翻译资格（水平）考试常见问题2全国翻译资格（水平）考试常见问题3全国翻译资格（水平）考试常见问题4全国翻译资格（水平）考试常见问题5全国翻译资格（水平）考试常见问题6全国翻译资格（水平）考试常见问题72016年11月翻译资格考试报名时间-报82017年职称英语报名时间什么时候？
关于本站┊网站地图┊网站声明┊广告服务┊友情链接┊诚聘英才┊联系我们┊意见咨询┊
课程咨询热线：4000-525-585(免长途费) E-mail：web@examw.com
网校培训总部：北京市海淀区知春路7号致真大厦D座4层北区（地铁10号线西土城站出A口）
网站运营分部：湖南省长沙市芙蓉区华海3C电脑城20层20007室
版权所有 © 2006 - 2016 中华考试网(Examw.com)
中国电子认证联盟实名网站认证湘ICP备12004088号湘公网安备 43010202000091号经营性许可证号：湘B2-20120042
2017职称英语辅导：卫生类C级补全短文练习(1).doc
本文来源：https://www.wddqw.com/2c6n.html
