大学四级-1380及答案解析.doc
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1、大学四级-1380 及答案解析(总分:712.00,做题时间:90 分钟)一、Part Writing(总题数:1,分数:106.00)1.目前,垃圾短信给人们的生活带来了许多的麻烦与困扰;2. 这种现象产生的原因;3. 如何解决这个问题。My View on Spam Message(分数:106.00)_二、Part Reading Compr(总题数:1,分数:70.00)The Circulation of EuroOn January 1,2002, the Euro (欧元)became the single currency of 12 member states of the
2、European Union. This will make it the second largest currency in the world (the U. S. dollar being the largest). It will also be the largest currency event in the history of the world. Twelve national currencies will disappear and be replaced by the Euro.The original seed was planted in 1946 when Wi
3、nston Churchill suggested the creation of the “United States of Europe“. His goals were primarily political, in that he hoped a unified government would bring about peace for a continent that had been torn apart by two world wars.Then, in 1952, six west-European countries took Churchills suggestion
4、and created the European Coal and Steel Community (ECSC). These resources were quite strategic to the power of each country, so a requirement of the ECSC was that each country allows their resources to be controlled by an independent authority. Their goal, just as Churchill had intended, was to help
5、 prevent military conflict between France and Germany.In 1957, the Treaty of Rome was signed, declaring the goal of creating a common European market. It was signed by France, Germany, Italy, Belgium, the Netherlands, and Luxembourg.After many false starts, the process of creating the Euro got its r
6、eal start in 1989, when the Delors Report was published by Jacques Delors, President of the European Commission. This important report outlined a three-stage transition plan that would create a single European currency.Economically, the Euros advantages include:Elimination of exchange-rate fluctuati
7、ons-Any time either a consumer or a business made a commitment to buy something in a different country in the future (at future prices.), they stood the chance of paying much more (or less) than they had planned. The Euro eliminates the fluctuations of currency values across certain borders.Price tr
8、ansparency-Being able to easily tell if a price in one country is better than the price in another is also a big benefit, both for consumers and businesses. With price equalization (平等化) across borders, businesses have to be more competitive, pricing still varies, but consumers can more easily spot
9、a good deal-or a bad one.Transaction costs-This is particularly helpful for tourists and others who cross several borders during the course of a trip. Before, they had to exchange their money as they entered each new country. The costs of all of these exchanges added up significantly. With the Euro,
10、 no exchanges are necessary within the Euroland countries.Increased trade across borders-The price transparency, elimination of exchange-rate fluctuations, and the elimination of exchange-transaction costs ail contribute to an increase in trade across borders of ail the Euroland countries.Increased
11、cross-border employment-Not only can business be conducted across borders more easily, but people are more easily employable across borders. With a single currency, it is less difficult for people to cross into the next country to work, because their salary is paid in the same currency they use in t
12、heir own country.Simplified billing-Billing for services, products, or other types of payments are simplified with the Euro.Expanding markets for business-Business can expand more easily into neighboring countries. Rather than having to set up separate accounting systems, banks, etc. for transaction
13、s in countries other than their native one, the Euro makes it simple to operate from a single central accounting office and use a single bank.Financial market stability-On a larger scale, the financial and stock exchanges can list every financial instrument in Euros rather than in each nations unit
14、of money. This has further meanings in that it promotes trade with less restriction internationally, as well as strengthens the European financial markets. Banks can offer financial products (loans, CDs, etc.) to countries throughout Euroland.Macroeconomic (整体经济) stability-Because of the European Ce
15、ntral Bank (ECB), introduction of the Euro also helps to lower (and control) inflation among the EU countries.Lower interest rate-Because of the decreased exchange-rate risk, the Euro encourages lower interest rates. In the past, additional interest was charged to cover the risk of the exchange-rate
16、 fluctuation. This risk is gone with the introduction of the Euro.Structural reform for European economies-The participation requirements of the Euro pushed many EU member states who wanted to participate to get their economies in shape and improve their economic growth. With the requirements of the
17、 Stability and Growth Pact, they will also have to maintain that control in the future, or face fines.While there are many advantages to the. Euro, there are also some disadvantages. The cost of transitioning 12 countries currencies over to a single currency could in itself be considered a disadvant
18、age. Billions were spent not only producing the new currency, but in changing over accounting systems, software, printed materials, signs, vending machines, parking meters, phone booths, and every other type of machine that accepts currency. In addition, there were hours of training necessary for em
19、ployees, managers, and even consumers. Every government from national to local had impact costs of the transition. This enormous task required many hours of organization, planning, and implementation, which fell on the shoulders of government agencies.The chance of economic shock is another risk tha
20、t comes along with the introduction of a single currency. On a macro-economic level, fluctuations have in the past been controllable by each country. With their own national currencies, countries could adjust interest rates to encourage investments and large consumer purchases. The Euro makes intere
21、st-rate adjustments by individual countries impossible, so this form of recovery is lost. Interest rates for ail of Euroland are controlled by the European Central Bank.They could also devalue their currency in an economic downturn by adjusting their exchange rate. This devaluation (贬值) would encour
22、age foreign purchases of their goods, which would then help bring the economy back to where it needed to be. Since there is no longer an individual national currency, this method of economic recovery is also lost. There is no exchange-rate fluctuation for individual Euro countries.A third way they c
23、ould adjust to economic shocks was through adjustments in government spending, such as unemployment and social welfare programs. In times of economic difficulty, when layoffs increase and more citizens need unemployment benefits and other welfare funding, the governments spending increases to make t
24、hese payments. This puts money back into the economy and encourages spending, which helps bring the country out of its recession.Because of the Stability and Growth Pact, governments are restricted to keeping their budget deficits within the requirements of the pact. This limits their freedom in spe
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