题目内容
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Financial markets improve economic welfare because______.
A．they allow funds to move from those without productive investment opportunities to those who have such opportunities
B．they allow consumers to time their purchases better
C．they weed out inefficient firms
D．all of the above
E．both A and B
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更多“Financial markets improve econ…”相关的问题
Financial markets have the basic function of （） .
A.bringing together people with funds to lend and people who want to borrow funds
B.assuring that the swings in the business cycle are less pronounced
C.assuring that governments need never resort to printing money
The Royal Swedish Academy of Sciences awarded the Nobel Prize in economics to three Americans,Eugene Fama,Lars Peter Hansen and Robert Shiller on Oct.14,2013.Eugene Fama and Lars Peter Hansen are both professors at the University of Chicago.Robert Shiller is a professor at Yale University.They will share the prize worth about 1.2 million dollars.
"This year's prize in economic sciences is about predictions." All three of this year's prize winners are mainly known for their research and explanations of pricing forces in financial markets.They have had a big influence on the way people look at and talk about financial markets.
Eugene Fama's research on financial markets in the 1960s led market watchers to change their ideas about investing.His ideas are linked to the theory that markets are efficient,which means market actors taking all available information to create the correct price for things at any given time.This also means that over short periods of time,it is not possible to predict prices.
Robert Shiller found,however,that over long periods,the opposite is true.It is possible to predict the movement of prices and that price changes are linked to human behavior.
The findings of both economists have led to the growth of index funds,investing many different securities as a way to reduce risk.Mr Shiller also helped to create the Standard & Poor's Case-Shiller home prices index.That index follows home prices across the United States.
Lars Peter Hansen developed a method for studying historical pricing information.His method supports Mr Shiller's findings and has influenced efforts to predict prices in the financial industry.
The Nobel Prize in economics was not created by Alfred Nobel,but was established in his memory by Sweden's central bank in 1968.
1.The Royal Swedish Academy of Sciences awarded the Nobel Prize in electronics to three Americans on Oct.14,2013.
2.Eugene Fama,Lars Peter Hansen and Robert Shiller won the prize for their research and explanations of pricing forces in financial markets.
3.Eugene Fama's research on financial markets in the 1960s resulted in some change in how market watchers look at investing.
4.The findings of both economists have led to the growth of price prediction,investing many different securities as a way to reduce risk.
5.The Nobel Prize in economics was established in memory of Alfred Nobel by Sweden's central bank in 1968.
Tender Plus is a highly successful Gold Coast food processing company enjoying a healthy and strong growth in Australia and export markets, and seeking to employ a qualified and experienced person to assume responsibility as the Company Accountant.
Applicants should be qualified to CPA(合格职业会计师) status with at least 10 years accounting experience, and be able to demonstrate a proven track record in running a fully integrated accounting system in a manufacturing environment. Strong computer skills and literacy are essential, particularly in advanced spreadsheet(空白表格程序) usage.
This position reports to the Manager of Finance and Administration. Your main responsibilities will be to ensure that the accounting function contributes to the overall achievement of corporate strategies and objectives by providing timely, accurate, and informative financial information. At the same time you will be responsible for further developing computerized accounting and information systems to add to overall company effectiveness and profitability.
This is a long-term career position offering excellent rewards and challenges. Applicants should forward their details to:
Manager of Finance and Administration
PO Box 2055, Burleigh, MDC 4220
What kind of business is Tender Plus engaged in?
______.
There are many basic reasons for these differences. One is that Continental savers tend to prefer gold, cash or short-term assets. They invest only 10% of their savings in institutions like pension funds or insurance companies. But in Britain 50% of saving goes to them, and they, in turn, invest directly in equity market. A far lower proportion of savings is put in the banks in the form. of liquid assets than on the Continent. Continental governments intervene directly or through the banks to collect savings together and transform. them into medium or long-term loans for investment. The equity market is largely bypassed. On the Continent economic planning tends to be far more centralized than in Britain. In Britain it is possible to influence decisions affecting the country's economy from within the City. It attracts skilled and highly qualified work force. In France, on the other hand, an intelligent young man who wants a career in finance would probably find the civil service more attractive.
In Britain the market, or more accurately, money tends to be regarded as an end in itself. On the Continent it is regarded as a means to an end; investment in the economy. To British eyes continental systems with the possible exception of the Dutch seem slow and inef-ficient. But there is one outstanding fact the City should not overlook, British's growth rates and levels of investment over the last ten years have been much lower than on the Continent. There are many reasons for this, but the City must take part of the blame. If it is accepted that the basic function of a financial market is to supply industry and commerce with finance in order to achieve desired rates of growth, it can be said that by concentrating oil the market for its own sake the City has tended to forget that basic function.
What is the best title for the passage？
A．Savings and the Growth Rate.
B．Banking and Finance: Two Different Realities.
C．Monetary Policy in Britain.
D．The European Continent and Britain.
The Euro Disney Corporation, acknowledging that its elaborate theme park had not performed as strongly as expected, announced Thursday that it would sustain a net financial loss of unpredictable scale in its first financial year.
At the time of the April opening of the park, which stands on a 4,800-acre site 32 kilometers (20 miles) east of Paris, Euro Disney officials said they expected to make a small profit for the financial year ending September 30． But since then the park has been hit by a number of problems.
"We were geared up for a very high level of operations," John Forsgren, the company's chief financial officer said in a telephone interview. "It has been very strong, but not as strong as we geared up for."
"While attendance is very strong," he said, "our cost levels do require adjustment for the current revenue level."
The parent company, Walt Disney Corporation, said Thursday that its income rose 33 percent in the quarter. But it warned investors against expecting profits soon from Euro Disney, of which it owns 49 percent.
Euro Disney said that although attendance levels had been high, "the company anticipates that it will sustain a net loss for the financial year ending September 30, 1992". It added that "the amount of the loss will depend on attendance and hotel use rates achieved during the remaining portion of the critical European summer vacation period". The announcement amounted to an extraordinary reversal for Euro Disney, which opened amid immense celebration and widespread predictions of immediate success.
At the time of the opening, on April 12, the company's shares were trading at 140.90 francs ($28.07), and had been as high as 170 francs earlier in the year. They dropped 2.75 percent Thursday to close at 97.25 francs. Mr. Forsgren said he thought the market had "reacted a bit emotionally to preliminary information". He added, "By all objective standards the park is very successful. The long-term acceptance is strong, the rest is just details."
The company said that 3.6 million people had visited the park from April 12 to July 22, a performance superior to that of comparable start-up periods at other Disney theme parks. But it warned that, given the likely strong seasonal variation in attendance, it was not possible to predict future attendance or profits.
Reacting to the announcement, stock market expert Paribas Capital Markets Group issued a "sell" recommendation on Euro Disney stock, saying that attendance levels for the period were 15 percent below its expectations and profit from sales of food and other goods was 10 percent below. It predicted that the company would lose 300 million francs in the current financial year and continue losing money for two more years.
The main problem confronting Euro Disney appears to be managing its costs and finding an appropriate price level for its over 5,000 hotel rooms. Clearly, costs have been geared to a revenue level that has not been achieved, and the company is beginning to drop hotel prices that have been widely described as excessive.
Mr. Forsgren said the number of staff, now at 17,000, would "come down significantly in the next two months, mainly through the loss of seasonal employees". Of the current staff, 5,000 are employed on a temporary basis, he said.
He also acknowledged that the lowest-priced rooms at the resort had been cut to 550 francs ($110) from 750 francs at the time of the opening, and that some rooms were being offered at 400 francs for the winter season. Analysts believe hotel use has been running at about 68 percent of capacity, although it is currently over 90 percent.
"The key issue is costs, " said one financial expert. "They have no idea what their winter attendance levels will be and they're battling to get costs to an appropriate level. The stock's still too expensive, but I think in the long term they'll get it right."
Still, huge doubt hangs over the company's plans to keep the theme park open through the cold European winter—something no other theme park in Europe has ever attempted. Last month, the company said it was having difficulty attracting people from the Paris region. Mr. Forsgren said that French attendance was improving and accounted for 1 million of the 3.6 million visitors, with most of the rest coming from Britain and Germany. Only 1 percent of visitors have been American.
For its third quarter ending June 30, the first in which the park had been operating, the company announced revenues of 2.47 billion francs ($492 million), but gave no profit or loss figures in line with the French practice of only giving such figures at year's end. In the first half, the company earned 75 million francs, mainly from investment income and sale of construction rights on its site.
If, by and large, we are to make the best use of microelectronics, planning at all levels is necessary so as to prevent the worst signs. Employers and unions must talk over Technology Agreement which will cover the speed, method operation, training and retraining needs associated with new processes and in which the maximum of advanced in formation is vital. Government as an employer is not freed from this procedure. Risk capital needs to be made available for new enterprises—the structure of capital markets in the United Kingdom provides (and can provide) very little. We have far too few qualified analysts or micro-electronic experts and are still training far too few.
The most important point, however, concerns works or the lack of it. As unemployment rises and as the chance of getting another job correspondingly diminishes, in present circumstances, the resistance to redundancy will rise, and quite understandably so. If people made redundant today represent an investment for an uncertain future then they must not be penalized—we encourage normal investment through grants and tax allowances, why not for people too？ Unions will almost certainly bargain for productivity payments to be applied to those who have been sacrificed so as to get the increased productivity and to minimize those sacrifices.
In longer terms, however, it is clear that the old attitudes to work will have to change. Leisure must be viewed as being important to human development as work itself. This involves changes in our primary and secondary school systems and provision of life-long education schemes. It is also the ideal opportunity to improve the services which have a person-to-person contact like health, social services, for example, to the disabled. In short, the next decade could see a take-off into a more caring society in which opportunities exist but the penalties for failure are lessened. This involves a reevaluation of public expenditure and what it is for; a reevaluation of work itself and a reevaluation of our political decision-making processes. While all this possible, it is also possible to drift in the opposite direction, towards an inhuman totalitarian regime where profit is the only belief. The choice is ours. We must not fail our children.
According to the author, to take full advantage of microelectronics, we must try to______.
A．reduce unemployment
B．preclude the most serious negative potentialities
C．increase our energy production
D．control both the unions and employers
Our prices are stable and markets are ______.
A．proper
B．prosperous
C．changeful
D．acting
A.pressure
B.pleasure
C.presence
A.domestic market
B.more than one country
C.regional markets
D.less than two countries
A.vie for
B.contend with
C.fight in
D.run for
A、meets
B、bridges
C、rejects
