Section Ⅰ Use of English Directions: Read the following text. Choose the best word (s) for each numbered blank and mark A, B, C or D on Answer Sheet 1. In October 2002, Goldman Sachs and Deutsche Bank (1) a new electronic market (www. gs. com/econderivs) for economic indices that (2) substantial economic risks, such as nonfarm payroll (a measure of job availability) and retail sales. This new market was made possible by a (3) trading technology, developed by Longitude, a New York company providing software for financial markets, (4) the Parimutuel Digital Call Auction. This is "digital" (5) of a digital option ie, it pays out only if an underlying index lies in a narrow, discrete range. In effect, Longitude has created a horse race, where each "horse" wins if and (6) the specified index falls in a specified range. By creating horses for every possible (7) of the index, and allowing people t
A. assume
B. assess
C. dismiss
D. erase
Section Ⅰ Use of English Directions: Read the following text. Choose the best word (s) for each numbered blank and mark A, B, C or D on ANSWER SHEET 1. (10 Points) A scientist who does research in economic psychology and who wants to predict the way in which consumers will spend their money must study consumer behavior. He must obtain (1) both on resources of consumers and on the motives that (2) to encourage or discourage money spending. If an (3) were asked which of three groups borrow most -- people with rising incomes, (4) incomes, or declining incomes -- he would (5) answer: those with declining incomes. Actually, in the years 1997 -2000, the answer was: people with rising incomes. People with declining incomes were next and people with stable incomes borrowed the (6) . This shows us that tradition- al (7) about earning and spending are not always (8) Another traditional assumption is that if people who ha
A. appears
B. occurs
C. happens
D. expects
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