听力教程Unit 5 BK4 (49~58)课堂用文本 第二版

听力教程Unit5BK4(49~58)课堂用文本第二版听力教程Unit5BK4(49~58)课堂用文本第二版听力教程Unit5BK4(49~58)课堂用文本第二版听力教程Unit5BK4(49~58)课堂用文本第二版编制仅供参考审核批准生效日期地址：电话：传真:邮编:Unit5SectionOneTacticsforListeningListeningandTranslationStocks,bonds,land—peopleinvestindifferentthingsandfordifferentreasons.Butallinvestorssharethesamegoal.Theywanttogetmoremoneyoutoftheirinvestmentthantheyputintoit.Themoneytheyinvesttodayprovidescapitalforfuturegrowthintheeconomy.Investorshavetodecidehowmuchrisktheyarewillingtotakeandforhowlong.ExerciseDirections:ListentosomesentencesandtranslatethemintoChinese.Youwillheareachsentencethreetimes.股票、债券、土地——人们由于不同原因进行不同的投资。但是所有的投资者都有一个共同的目标。他们希望通过投资获得比所有投入的资金更多的货币回报。他们今天的投资为将来经济的发展提供了资金。投资者必须决定自已愿意在多长时间范围内承受多大的风险。SectionTwoListeningComprehensionPart1Dialogue-TheBankManagerMr.Phelps:Ah,Mr.Watson,comein.Dohaveaseat.Thankyouforcomingtoseeme.Mr.Watson:Erm,yes,well,IreceivedyourletterandIthoughtI'dbettercomeandtalktoyouinpersonaboutit,asyousuggested.Mr.Phelps:Yes,indeed,Ihopedyouwouldcallin.Erm,asIexplainedinmyletter,youraccountisoverdrawnatthemomentby...er...letmesee...yes,£,andyouhaven'tactuallymadearrangementswithusforanyoverdraftfacility.Mr.Watson:No.Well,I'mafraidit'sbeenaverydifficultfewweeksforus.Yousee,firstofallthecarfaileditsTest*andIhadtogetitrepairedandbuyfournewtyres.Thatsetmebackagoodbit.Thenthecoldwatertankinourloft*burstandwehadtoreplacethatandredecoratewherethewaterhadcomethrough.And...ohthegasbill,theelectricitybill,thephonebill...theyallarrivedatalmostexactlythesametime.Andsomehow,youknowhowitis,Ikeptmeaningtoringyouordropintoexplainthings,butIjustdidn'tseemtofindthetime.Mr.Phelps:Well,Idoappreciateyourproblems,ofcourse,Mr.Watson,butitwouldhavebeenbetterifyouhadcontactedus,ifonlybecausetherewasthepossibility,intheabsenceofanypriorarrangementforanoverdraftfacility,thatwewouldstopyourcheques.Mr.Watson:Yes,Iknow.Iamsorry...erm...Mr.Phelps:Anyway,that'snotthemainreasonIaskedyoutocallin.Infact,mymainpurposeinwritingtoyouandinvitingyouherewastoacquaintyouwithacoupleofservicesthebankofferswhichyoumaywishtoavailyourselfof*.Thefirstisofimmediaterelevancetotheproblemwe'retalkingabout,andthat'sourBudgetAccount.Idon'tknowwhetheryouweretoldaboutthatwhenyouoriginallyopenedanaccountwithus.Mr.Watson:Idon'tthinkIwas...Idon'tactuallyremember...Mr.Phelps:Well,wedooffercustomersaBudgetAccount,whichwecallBudgetplan,andthewayitworksisthis:YouundertaketopayintoyourBudgetplanAccountafixedamounteachmonthbydirectdebit*,say£50,forexample,andinreturnyouareabletodrawontheaccountuptoalimitof30timesyourmonthlypayment,so£1,500inthiscase.Whatitmeansineffectisthatyouhaveimmediateaccesstoanoverdraftofupto30timesyourmonthlypaymentwithouthavingtoconsultyourbankmanagereachtime.It'sanidealarrangementforthekindofsituationyou'vedescribed,whereallthebillsarriveatonce,orunexpectedproblemsarise,becausewegiveyouaspecialchequebook,whichyoucanusetosettlethebills,andthenyoucanrepayitoverafewmonths.Mr.Watson:Er,yes,yes,Icansee.Mr.Phelps:It'sadoublyusefulaccount,becauseallthetimeyou'reincredityouactuallygetinterestonthatamount.Ofcourse,youhavetopayinterestonwhatyouborrow,buttherate'snotthathigh,andit'sasmallpricetopayforreducingtheimpactofallthoseheavybills.Mr.Watson:Yes,Ithinkthatmightbeveryuseful.Mr.Phelps:Ofcourse,it'sparticularlyhelpfulforrelativelysmallthingssuchasbills,notsomuchifyou'rethinkingofbuyinganewcarorhavingamajoralterationdonetoyourhome.Foralargeroutlayofthatsortyou'dreallyneedoneofourBarminsterloans,erm,whichwastheotherserviceIwantedtobringtoyourattention.Youknow,moreandmorepeoplearecomingtotheconclusionthatsavingupforsomethinglikeanewcar,orahomeextension,ratherthanborrowing,isactuallyafalseeconomy.Carpricesarealwaysgoingup,andthetrade-in*priceonyourcurrentcarisalwaysgoingdown,sothelongeryouwaittochangeyourcar,themoreexpensiveit'sactuallygoingtobe.Inthesameway,thecostofhomeimprovementsisalwaysincreasing,soit'softenconsiderablycheapertogetaloantopayforanalterationnowthantowaituntilyoucanreallyaffordit.Also,ofcourse,ahomeimprovementisaverygoodinvestmentbecauseitincreasesthevalueofyourhouse.Mr.Watson:Yes,Isupposeso.Iwasn'tactuallythinkingofanythingofthatsortatpresent,becausewecan'treallyafford.Mr.Phelps:Well,perhapsyoushould.Youmightjustaswelldothesethingsnowandenjoythebenefitsimmediately.Mr.Watson:Yes,I'msureyou'reright.:Obviouslyyoudon'tneedtomakeanimmediatedecision,but...erm...herearesomeleafletswhichshouldexplainthetwoservicesrathermorefully.Andifyoufeelinthefuturethatyou'dliketotakeadvantageofeither,justletmeknow.Mr.Watson:Well,er,thanksverymuch.Er...you'vebeenveryhelpful.Mr.Phelps:Notatall.It'sallpartoftheservice.And...erm...youwilldosomethingaboutyouroverdraft,won'tyouExerciseDirections:Listentothedialogueandchoosethebestanswertoeachofthefollowingquestions.2.A3.D4.B5.B6.C7.A8.CPart2Passage-StockMarket:HowItWorksOnMonday,October19,1987,awaveofsellingtriggered*widespreadpricedeclinesinstockmarketsfromNewYorktoAustralia.Onthatday,nowinfamousas"BlackMonday,"over600millionsharesweretradedontheNewYorkStockExchange—morethantwicetheNYSE'saveragesalesvolume.TheDowJonesIndustrialAverageofthepricesof30stocksofmajorUScompanieslostpercentofitsvalueonthatmemorableday,plunging*508pointsinthepanickedrushtosell.Whatisthestockmarket,andhowisitaffectedbytheforcesofsupplyanddemandThestockmarketisthemeansthroughwhichpreviouslyissuedcorporatestocks,sharesofownershipinacorporation,aretraded.Stockexchangesareorganizationswhosemembersactasintermediariestobuyandsellstocksfortheirclients.About80percentofallstocktradingintheUnitedStatestakesplaceattheNewYorkStockExchange.ThereareotherstockexchangesintheUnitedStatesaswellasinParis,London,SydneyandTokyo.HowarestockpricesdeterminedTheanswer,asyoumightexpect,isbysupplyanddemand.However,theforcesinfluencingthepricesofcorporatestocksarequitedifferentfromthoseinfluencingthepricesofgoodsandservices.Peopleandorganizationswhobuyandholdstockdosofortheincomestheyhopetoearn.Theincomesdependondividendspaidtostockholders,changesinthepriceofstockovertime,andtheexpectedreturncomparedtothereturnonalternativeinvestments.Onanygivendayinthestockmarket,thereareorderstobuyandorderstosell.Theorderstobuyconstitutethequantityofastockdemandedatthecurrent(oranticipated)pricepershare,whiletheorderstosellconstitutethequantitysuppliedatthatprice.Thechiefinfluenceonboththesupplyofanddemandforstocksistheincomepotentialofholdingthestockcomparedtotheincomepotentialofholdingalternativeassetssuchasbonds,othertypesofsecurities,orrealpropertylikebuildingsandland.OntheNewYorkStockExchange,tradinginallstocksiscontinuous.Aspecialistisassignedtooverseetradingineachstock.Thisspecialistisa"broker'sbroker"whotriestoadjustthepriceofthestocksothatquantitydemandedequalsquantitysupplied.However,thespecialistisalsoallowedtopurchasethestocktoholdasapersonalinvestmentifnobuyercanbefound.Inthiswaythespecialistcanexert*someinfluenceonthesupplyofanddemandforstocks,andwilldosoifit'sprofitable.OnOctober19,1987,therewerehardlyanybuyorders,andthemarketswerefloodedwithsellorders.Becauseofthetremendoussurplusofstocksattheprevailingprices,specialistsandcallclerksloweredpricesuntilquantitydemandedequaledquantitysupplied.WhenBlackMondayfinallyreeledtoaclose,manyaportfolio*hadlostoverafifthofthevalueithadthedaybefore.ExerciseAPre-listeningQuestionChinahasdevelopedanationwideequitymarketwithtwostockexchangeslocatedinShanghaiandShenzhen.Thestockexchangeshavebeencontinuouslyupdatingtheirtechnology,improvingservices,andconsistentlydevelopingconditionsthatprovideafoundationtoexpandthemarket.Theyhavealsobeenimprovingtrading,settlement,registrationandcustodypractices,aswellasupgradingtheinformationtransmissionsystem.Originally,China'ssecuritiesmarketwasmadeupofagroupofindependentlocalexchanges.Withtheimprovementofthesecuritiesmarket'sregulatorysystemandoperationalmechanisms,China'sstockexchangeshavedevelopedintoanintegratedmarketwithnationwidecoverage.TheShanghaiStockExchangewasfoundedonNovember26th,1990andinoperationonDecember19ththesameyear,andtheShenzhenStockExchangewasestablishedonDecember1st,1990.ThestockmarketinChinaisplayingandwillcontinuetoplayanimportantroleinthenationaleconomy.Atpresent,China'sstockexchangetradingsystemreachesalllargeandmedium-sizedcitieswithabout3,000retailbranchesalloverthecountry.Moreandmoreproductsarebeingprovidedtotheinvestorsandthescaleofsecuritiestradingisrising.ExerciseBSentenceDictationDirections:Listentosomesentencesandwritethemdown.Youwillheareachsentencethreetimes.AwaveofsellingtriggeredwidespreadpricedeclinesinstockmarketsfromNewYorktoAustralia.TheDowJonesIndustrialAverageplunged508pointsinthepanickedrushtosell.Thestockmarketisthemeansthroughwhichpreviouslyissuedcorporatestocks,sharesofownershipinacorporation,aretraded.However,theforcesinfluencingthepricesofcorporatestocksarequitedifferentfromthoseinfluencingthepricesofgoodsandservices.Peopleandorganizationswhobuyandholdstockdosofortheincomestheyhopetoearn.WhenBlackMondayfinallyreeledtoaclose,manyaportfoliohadlostoverafifthofthevalueithadthedaybefore.ExerciseCDetailedListeningDirections:Listentothepassageandchoosethebestanswertoeachofthefollowingquestions.2.A 3.D 4.B 5.B 6.D7.C 8.CExerciseDAfter-listeningDiscussionDirections:Listentothepassageagainanddiscussthefollowingquestions.1.OnOctober19,1987,awaveofsellingtriggeredwidespreadpricedeclinesinstockmarketsfromNewYorktoAustralia.Thatdayis"BlackMonday".Onthatday,therewerehardlyanybuyorders,andthemarketswerefloodedwithsellorders.Over600millionsharesweretradedontheNewYorkStockExchange—morethantwicetheNYSE'saveragesalesvolume.TheDowJonesIndustrialAverageofthepricesof30stocksofmajorUScompanieslostpercentofitsvalueonthatmemorableday,plunging508pointsinthepanickedrushtosell.WhenBlackMondayfinallyreeledtoaclose,manyaportfoliohadlostoverafifthofthevalueithadthedaybefore.2.(Open)SectionThreeNewsNewsitem1Scientistshaveproducedevidenceshowingdramaticallythatthecurrenttemperaturerisethereishighlyunusual.Formostofthelasttwothousandyears,theArcticslowlycooled,aconsequenceofvariationsintheearth’sorbit.Butoverthelastcentury,thecoolingabruptlyreversed,andtheregionisnowwarmerthanatanytimeinthe2,000yearrecord.WritinginthejournalScience,theresearcherssaythisshowshowquicklytheArcticrespondstoclimaticchanges.A:Directions:Listentothenewsandcompletethesummary.ThisnewsitemisaboutthefactthatArcticisthewarmestintwomillennia.B:Directions:Listentothenewsagainandfillintheblankswiththemissinginformation.Scientistshaveproducedevidenceshowingdramaticallythatthecurrenttemperaturerisethereishighlyunusual.Formostofthelasttwothousandyears,theArcticslowlycooled,aconsequenceofvariationsintheearth’sorbit.Butoverthelastcentury,thecoolingabruptlyreversed,andtheregionisnowwarmerthanatanytimeinthe2,000yearrecord.WritinginthejournalScience,theresearcherssaythisshowshowquicklytheArcticrespondstoclimaticchanges.NewsItem2Theinternationalconservationgroup,WWF,hasaccusedEuropeantoiletandtissuepapermanufacturersofcontributingtoglobaldeforestation*bynotusingenoughrecycledmaterial.Aspokesmansaidmorethanaquarterofamilliontreeswereinfactbeingflushed*downtoiletsordiscardedasrubbisheachday.ThereportfoundalarminglylowlevelsofrecycledfibersinthevastmajorityofproductsandsaidthefiberswereinsteadbeingtakenfromnaturalforestsinSouthAfrica,Asia,EuropeandacrosstheAmericas.Usingvirginforesttomaketoiletpaper,saysthereport,iswastefulandunnecessary.Thereportalsowarnsthatillegalandunsustainableloggingandconflictsoverlandrightsstillexistinmanyoftheseareasandthatallbutoneofthecompanieshavesofarfailedtotakeeffectivemeasurestopreventillegalorcontroversialtimberfrombeingusedintheirproducts.ExerciseADirections:Listentothenewsandcompletethesummary.ThisnewsitemisaboutWWF'saccusationagainstEuropeantoiletandtissuepapermanufacturersofcontributingtoglobaldeforestationbynotusingenoughrecycledmaterial.ExerciseBDirections:Listentothenewsagainandanswerthefollowingquestions.Morethanaquarterofamilliontreesarebeingdiscardedastissuepapereachday.ThereportfoundalarminglylowlevelsofrecycledfibersinthevastmajorityofproductsbyEuropeantoiletandtissuepapermanufacturers.ThefibersaretakenfromnaturalforestsinSouthAfrica,Asia,EuropeandacrosstheAmericas.Mostofthecompanieshavefailedtotakeeffectivemeasurestopreventillegalor