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四、閱讀測驗【請依照段落上下文意，選出最適當的答案】
第一篇：
       Although the stock market has the reputation of being a risky investment, it did not appear that way in the 1920s. With the country in an exuberant mood, the stock market seemed an infallible investment in the future.         As more people invested in the stock market, stock prices began to rise. This was first noticeable in 1925. Stock prices then bobbed up and down throughout 1925 and 1926, followed by a “bull market,” a strong upward trend, in 1927. The strong bull market enticed even more people to invest. By 1928, a stock market boom had begun.
      The stock market boom changed the way investors viewed the stock market. No longer was the stock market only for long-term investment. Rather, in 1928, the stock market had become a place where everyday people truly believed that they could become rich. Interest in the stock market reached a fevered pitch. Stocks had become the talk of every town. Discussions about stocks could be heard everywhere, from parties to barbershops. As newspapers reported stories of ordinary people, like chauffeurs, maids, and teachers, making millions off the stock market, the fervor to buy stocks grew exponentially. 
       An increasing number of people wanted to buy stocks, but not everyone had the money to do so. When someone did not have the money to pay the full price of stocks, they could buy stocks "on margin." Buying stocks on margin means that the buyer would put down some of his own money, but the rest he would borrow from a broker. In the 1920s, the buyer only had to put down 10–20% of his own money and thus borrowed 80–90% of the cost of the stock. 
     Buying on margin could be very risky. If the price of stock fell lower than the loan amount, the broker would likely issue a “margin call,” which means the buyer must come up with the cash to pay back his loan immediately. 
     In the 1920s, many speculators (people who hoped to make a lot of money on the stock market) bought stocks on margin. Confident in what seemed a never-ending rise in prices, many of these speculators neglected to seriously consider the risk they were taking.

【題組】34. What was the benefit of buying stocks on margin in the 1920s?
(A) The investors could borrow up to 90% of the cost of the stocks from a broker to buy them.
(B) The investors could easily make a lot of money out of their investment.
(C) The investors only needed to prepare 80% of the cash to buy stocks.
(D) The investments could be made through the brokers and the profits were guaranteed.

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10
 【站僕】摩檸Morning：有沒有達人來解釋一下?
倒數 11時 ,已有 2 則答案
Yingchi Chen 幼兒園下 (2023/05/20):
由這片段選A 買方只需出10-20%

In the 1920s, the buyer only had to put down 10–20% of his own money and thus borrowed 80–90% of the cost of the stock. 

6個讚
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112年已上岸，擺脫爛上司 博二下 (2023/12/25):

In the 1920s, the buyer only had to put down 10–20% of his own money and thus borrowed 80–90% of the cost of the stock. 
在 1920 年代，買家只需支付 10% 至 20% 的自有資金，從而借入 80% 至 90% 的股票成本。
在 1920 年代以保證金購買股票有什麼好處？
(A) 投資者可以向經紀人借最多 90% 的股票成本來購買股票。
(B) 投資者可以輕鬆地從他們的投資中賺到很多錢。
(C) 投資者只需準備80%的現金即可購買股票。
(D)可以透過經紀商進行投資，利潤有保障。
investment   n.投資；投資額；投資物[U][C][（+in）]；（精力，時間等的）投入[U]
borrow        vt.借，借入[（+from）]；【婉】擅自取走
guarantee    n.保證；商品保證；保證書[C][U][+that]；起保證作用的事物[C][（+of）][+that]

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四、閱讀測驗【請依照段落上下文意，選出最適當的答案】 第一篇：       Al..-阿摩線上測驗