The dollar's 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 nation's 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 nation's 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 dollar's 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
参考答案: DBECA
【2016年职称英语综合类补全短文精选练习题(3)】相关文章:
三分钟英语演讲稿范文模板02-09
中式英语之鉴:把总裁当成了普通员工02-09
审计取证中存在的问题及对策02-09
小学六年级英语句子练习题【三篇】02-09
国庆登泰山-国庆节英语作文02-09
2016年六级作文范文:考国家公务员02-09
三年级英语作文300字02-09
雅思口语之Shopping and clothing02-09
仁爱版英语配套练习册七年级下册答案参考02-09
二年级上册数学口算题:整千数相加02-09
2023贵州六盘水市水城区选聘城市社区工作者进入体检人员及体检相关事宜公告02-09
简单的英文儿歌10曲02-09
