问答题 Listen to the following passage. Altogether the passage will be read to you four times. During the first rending, which will be read at normal speed, listen and try to understand the meaning. For the second and third rendings, the passage will be read sentence by sentence, or phrase by phrase, with intervals of 15 seconds. The last reading will be read at normal speed again and during this time you should check your work. You will then be given 2 minutes to check through your work once more.
Please write the whole passage on ANSWER SHEET ONE.
【正确答案】
【答案解析】[解析]
Stock Exchange

Another key financial institution in the money market is the stock exchange. / The stock exchange makes a market through stockbrokers. / In the United States the market is made by specialists / who are wholesalers of stocks and shares. / They hold a "float" of shares at any time, / and daily prices are set as they mark prices down / and as they balance shares offered with shares demanded. / Stock exchange transactions occur within a complex network of law, / government regulations, / and the internal rules of the individual governing bodies. / Stock mar- kets throughout the world have become increasingly institutionalized in the last 30 years. / Although small savings have expanded greatly, / they have in general been used to boost the great growth in personal insurance and pen- sions. / Hence the main supply of funds to the stock market is now / through insurance companies, pension funds, private universities, and other institutional fund sources. /

[听音关键] 根据关键词:financial institution金融机构,stock exchange股票交易,stock股票,stockbroker股票经纪人,share股票,可知这是一篇介绍股票交易的说明文。
[听写难点] ①有关股票交易的词,如:stockbroker股票经纪人,wholesaler批发商,transaction交易,pension养老金,退休金;②数字,如last 30 years;③难词,如:institutionalize使制度化或习俗化,boost推进。
[画龙点睛] 难句“They hold a‘float’of shares at any time,and daily prices are set as they mark prices down as they balance shares offered with shares demanded.”中的“float”of share指股份的“浮动”,了解此短语的意思就不会误听为“flood”of shares。