The best example of something is often called the “gold standard.” It 41 the standard against which other things are measured. In economics, the term describes 42 major trading nations once used gold to set currency values and exchange rates. Many countries 43 to use the gold standard until the last century.
44 ，in the United States, people could exchange paper money for gold from the 1870s to 1933. Then President Richard Nixon finally disconnected the dollar 45 the value of gold in 1971. From time to time some politicians call for a return to the gold standard. And gold prices have grown over these years.
【題組】41. (A)heaps (B) rcachcs (C) sets (D) tricks
Generally speaking, a recession is when there is a tightening of the economy, usually for a certain period of time. Given below are some signs that usually indicate that a recession is knocking.
The Rate Of Joblessness Assumes Disturbing Proportions: Usually, the rate of jobless people remains steady every month. But if there is a constant, steep rise in that number, then this could be a sign of recession.
Large Companies Start Giving Depressing Profit Figures: When many companies across all sectors start giving out depressing sales and profit figures, then alarm bells should start ringing.
Borrowers Start Defaulting: When borrowers are unable to pay back their loans on homes, vehicles, businesses and credit cards, then this could be another indication of a falling economy. Here in the United States, even lenders such as banks and credit unions have started defaulting on their financial obligations, due to the sheer number of borrowers who are in no position to repay loans they have taken out. That’s a really bad sign.
Credit Card Purchases Shoot Up: In spite of depressing news, if the number and volume of credit card purchases suddenly shoots up, it means that people no longer have cash to pay for their daily needs - and are now resorting to the last method to pay their bills. When people start paying their mortgage payments through their credit cards, thereby risking high interest payments, then this is a sign of financial desperation.
Prices Of Essential Commodities Shoots Up. When prices of food, fuel and other utilities shoot up - and the government seems helpless to do anything - then it could be said that inflation is fanning the flames of a possible recession.
【題組】45. (A) from (B) about (C) between (D) within
21.【題組】46. What is the purpose of this passage?
(A) To explain signs of recession.
(B) To tell people what to do in recession.
(C) To introduce ways to fight depression.
(D) To teach people how to survive depression.
22.【題組】47. According to the passage, what is recession?
(A) The rate of jobless people remains steady every month
(B)There is a tightening of the economy for a certain period of time
(C) Borrowers who are in no position to repay loans
(D) People start paying their mortgage payments through their credit cards
24.【題組】49. Which of the following is NOT a sign of financial depression?
(A) People pay mortgage with credit cards.
(B) People cannot pay back their home loans.
(C) More and more people use cash to pay for their daily needs.
(D) The number of jobless people increases all the time.
25.【題組】50. According to the passage, what will happen if the government cannot do anything to control food prices?
(A) Large companies start giving depressing
(B) Borrowers will start defaulting
(C) People no longer have cash to pay
(D) The inflation may occur