单选题 Directions: In this section, you will hear
three short passages. At the end of each passage, you will hear some questions.
The passages and the questions will be spoken only once. After you hear a
question, you must choose the best answer from the four choices marked A, B, C
and D. Then mark the corresponding letter on the ANSWER SHEET with a single line
through the center. {{B}}Passage One{{/B}}
【正确答案】
D
【答案解析】[听力原文] 21-23
Dealers in government and private securities need short-term financing to purchase new securities and carry their existing portfolios of securities until those securities are sold to customers or reach maturity. Such loans are readily granted by many of the largest banks because of their high quality--often backed by pledging the dealer's holdings of government securities as collateral. Moreover, many loans to securities dealers are so short-overnight out to a few days that the bank can quickly recover its funds or make a new loan at a higher interest rate if the credit markets have tightened up.
21. Who need short-term financing according to the passage?
录音原文第一句就提到Dealers in government and private securities need short-term financing to purchase new securities and…。
【正确答案】
B
【答案解析】[听力原文]
Why such loans are so high quality?
录音原文提到Such loans are…often backed by pledging the dealer's holdings of government securities as collateral．这些贷款通常有交易商持有的政府证券作为抵押，质量很高，因此各大银行都很乐意发放这样的贷款。
【正确答案】
B
【答案解析】[听力原文]
How long will the dealers keep such loans?
录音原文中提到Moreover, many loans to securities dealers are so short-overnight out to a few days…而且，很多给证券交易商的贷款期限很短，从隔夜到几天…。