新视野大学英语视听说教程版第三册Unit10答案（含听力原文）

新视野大学英语视听说教程最新版第三册答案（含听UnitlO力原文）Basic ListeningPractice

1.ScriptW:Let merecommend mybrother toyou.He sreally donewellin the stock marketover the last few years.M:The realquestion isthis:How have you dineby takinghisadviceQ:What does the manmean

2.ScriptM:Many investorsjump onIPOs hopingto getrich bygettingzinto a stock earlybefore it goes up.W:But isnt that a bitlike buyinga bookwithout readingit Imean,what ifit doesntgo up,Q:What is the womans opinion

3.Script7W:The Dowwas downagain today.It shard to make moneywhenhigh fuelprices arekilling the stock market.7M:There s still moneyto bemade.If youbought oilfuturesthree monthsago,you dbe smilingright now.Q:What canwe learnfrom thedialog

4.ScriptM:I can t wait to getback tomy computer.Online sharetradinghas totallychanged the stock marketand thelives ofinvestors.Hook upto theInternet andbe yourown broker!W:In otherwords you can cutout themiddle mannow.Forabout$500,you canopen anaccount andbegin buyingandselling sharesfrom yourown home,24hours aday.Q:Which of the followingis trueif theywant to trade sharesA:You have to provethat the company hasbeen makingazprofit in the pastthree years.It salso essentialthat there are nofalsefinancial reports.B:Ok,no problem.I IItry to go throughthe Registrationprocedureto getour companylisted.MODEL3Nothing iscertain nthe stock marketSusan:Hey,Chris,haveyou read thepaper todayChris:No.why What s upSusan:The storemarket hasdropped again.Chris:Oh,no!Not again!How manypoints didit losethistimeSusan:One hundred.Chris:Let ssee...that sa dropof threepercent.Well,theregoes the money Iwas going to useto buya newcar.Susan:Before youget upset,I thinkyou shouldlook at thestock listingsfor today.Chris:What forSusan:Well,some stocksactually gained,especially telecomstocks.Chris:Let mesee thatpaper.You reright!My stockwent upfive percent overnight!That sgreat!Susan:For now,anyway.It mayplungetomorrow.YChris:you reright.m goingto callmy brokercash inmystocks.T m not takingany morechanges withmy savings.Susan:You rewisher thanmost peopleI know.Sometimes it sbetter toplay it safe.Now YourTurnA:Hey,Jack,I hearyou becomea millionaireby investing inthe stock market But I alwayslose money in the market Canyougive mea fewtips7B:First of all,let slook at the stocklisting intoday snewspaper.A:Wow,the stock market droppedagain.B:What stockdid youbuyA:BCD.B:How manypoints didit losethis timeA:More thana hundred.B:Let ssee...That sa dropof nearlyfivepercent.A:Oh theregoes alot ofmy money.I m thinking aboutzpullingout of the market.B:Before youget upset,I dlike to give you some advice.A:What sthatB:Well,the market is cyclical.Through youre losingmoneynow your stock maygain infuture.zPersonally,I believeyourstockis a good one.You d betterkeep ituntil itgoes upone day.A:So I can tmake moneyin ashorttimezC:Let slook atXYZ stock.It snow ajunk stock,but it s beenlowfor along time.It mayclimb upat anymoment.A:So,r II buy itand wait for itto go up.B:And cashin yourstock whenit reachesa pointthat is highenough togive youa profitMy basicprinciple is to buyat thebottomand sellat thepeak.A:I see.T II buy lowand sellhigh.But whatif XYZplungesagain afterIbuy it7B:You have to takechanges.There salways riskin the stockmarket.Let sTalkGregory:I ve been thinking about getting into the stock7market,but I don t know whereto start.What do you know about buying stocksSylvia:Well,I have a fewinvestments,so I knowa little about it.Now it is probablya good time to invest.The market is low;pricesare probably pretty good.Gregory:So you mean it shigh time to enter the marketWhat kindof stockdo yousuggest Sylvia:I wont recommendanyspecific stock.You have to make the decision on yourown.If youwantto make money quickly,you couldtry speculating.Gregory:What do youmeanby speculatingSylvia:You buy stocks that goupquickly for a fastprofit.Gregory:Isn tthat riskyStocks thatgoup fast alsotend to godown fast.Sylvia:You justhave toguess howhigh theyII go,and thensellwhen you think theyare aboutto comedown.If youguessright,youcanmake lotsof moneyin theblink ofan eye.Gregory:ButIhear that many people guess wrong.When theythink themarket is alreadyvery low,they startto buy.Then the marketcontinues todrop.Sylvia:In thatcase youwill loseyour shirt.But tomake money,you have to takechanges.Gregory:Hmm,r m not much of agambler.Sylvia:So youprobably wantto stick to bluechip stocksfor aguaranteereturn onyour investment.Gregory:That soundsright upmy alley.Gregory isthinkingaboutgettinginto thestock market andwantsto knowhow to buystocks.Sylvia say the market is low,soprices areprobablyprettygood.Gregory seesit ishigh timeto enterthe market.Sylvia Suggestspeculating,which meansbuyingstocks that goupquickly and then sellingquickly fora fastprofit.Gregory findsit risky because stocksthatgoupfastalso tendtogo downfast.Sylvia saysthat he has toguess howhigh theywill go and thensellswhen hethinks theyre aboutto comedown.Gregory hearsthatmanypeopleguess wrong.When theystartto buy,the marketcontinues todrop.Sylvia saysthat,tomakemoney,hehas to takechanges.Gregory admitsthat heis notmuch ofa gambler.Sylvia suggeststhat hestickto the bluechip stocksfor aguaranteedreturn onhis investmentDiscussionA:r mrenting anapartment.If yougo onlike this,I IIneverhave anapartment ofmy own.So F mthinkingbuying anapartment,but I don tknow whetheritsgood timeto invest inproperty.B:Soon itII behightimetobuyhouses.There sbeen goodnewsfor buyerslately.A:WhatsitB:in thelight of the speculativeinvestment inreal estate,thegovernment hasrecently issueda number of rules.For example,一those whosell newlybought apartmenthave to pay atax.Soprobably fewerpeople arewilling tospeculate in the realestatemarket,andthehousing prices will drop.A:I haveto waitand see.I would be gladeven if the pricesjustremain stable.Any othergood newsB:Some peoplepropose bypassingthe realestate developers.They wantto pooltheir fundsto buildtheir ownapartmentbuildings.In thisway they can cutthe costsby abig margin.A:Sounds interesting,though F mnot sure ifitspractical.About whendo you think Ishould buyan apartmentB:Pretty soon.I guessthe prices will fallsoon.A:I wantto knowexactly when.Shall Ibuyitnext weekor nextmonthB:You justhavetoguess howlow the priceswillgo,and thenbuyat theright time.代A:It sa bitriskybecauseI mayguesswrong.A erIbuyanapartment,the price may plungeagain.B:You haveto takechanges andmakethedecisiononyourown.YA:Hmm,mnotmuchofa gambler.Perhaps rII waitand seeandcontinue tolive in the rentedapartment.7B:There salso riskin this.It snot altogetherimpossible thathousingpriceswillmove upa littlebit.If that sthecase,you IIhavetopayeven morein thefuture.A:My God,there arerisks everywhere!So you ve toldme nexttonothing.Further Listeningand SpeakingTaskl:what doyou knowabout NASDAQ7As the world slargest electronic,NASDAQ isnot limitedto7one tradinglocation.Rather,trading isexecuted throughNASDAQs complexcomputer and telecommunication network,which sends一real timequote and trade datato more than

1.3million usersin783countries.Without sizeand locationlimitations,NASDAQ sopenmarket structureallows avirtually unlimited number of7participants totrade in a company s stock.Today,NASDAQ liststhe securitiesof nearly4,100of the7world sleading companies,and eachyear itcontinues tohelphundreds ofcompanies go public.Trading onNASDAQ isnot limitedto anyfixed number ofparticipants.This allowsa largenumberoffirms withwidelydifferent businessmodels andtrading technologiesto connectto the NASDAQnetwork andcompete onan equalbasis.Rather thanforcing investorstogothrough asingle financialfirmscalled makers.More than500market makingfirms tradeonNASDAQ,acting addistributors forNASDAQ-listedsecurities.Those market makers areunique in that theyinvestown capitalin NASDAQ-listed securities,and thenturn aroundanddistribute thestock asneeded.They arerequired atalltimes topost theirbid and ask pricesin the NASDAQ networkwheretheycanbe viewedby allparticipants.By beingwillingto buyor sellstock usingtheir ownfunds,the marketmakers7strengthen NASDAQ s market,ensuing that therearealwaysbuyers and sellers forNASDAQ-listed securitiesand enablingtradesto befilled quicklyand efficiently.

1.How manyparticipants doesNASDAQ allowtotradein one7company s stockD Anunlimitednumber.

72.What doesNASDAQscomputer andtelecommunicationsnetwork doCIt immediatelysends quoteandtradeinformation toover

1.3million users.

3.According to the passage,which of the followingis trueofNASDAQA It has launchedmore than4,000companies.

4.What roledo the marketmakersplayB Theybuy andsell NASDAQstocks tohelp strengthenthemarket.

5.Which ofthe followingisthebest titlefor the passageA Theoperation ofNASDAQ.Task2:Stockbroker asLiquidatorIn themidst ofthe shakymarket oflast week,many brokersgotcalls from their clientsrequesting theysell their shares.Onebroker toldsuch astory:One ofmy clientscalled meon Thursday.He was anxious andoutof breath,and spokewith greaturgency.He saidto me,Jone,sell itall.Sell everything,fast,right away/I triedto explainto himthatthemarket wascyclical,and thatin the longterm stockswould returnto normal.VHe said,John,let metell youa secret.You knowve beenmarriedfor sixtyyears now,and Ivebeenyour clientfor five.“Yes,go on/I saidencouragingly.“Well,my wifeLucie hasa sortof phobiaabout themarket.When wegot married,I promisedher thatI wouldfollow inherparents footstepsand neverventure intothestockmarket andalwaysleave allour moneyunder themattress.Her greatgrandparentsonce losteverything in a greatcrash,and eversincethen herfamily foundinvesting in themarketsimilar tocrime/z“Wow,Howard,I didntknowthat.I guessyou wantthemoney because themarket is goingdown/“No,John,I wantthemoneybecause sheordered a newmattress,and itis beingdelivered intwo days/Task3:A StockMarket CrashAstockmarketcrash is a dramaticloss ofshares ofcorporations.Crashes oftenfollow speculativestock marketbubblessuch as the dot-com boom.After themost famouscrash in1929,known asthe BlackThursdaywhen theDow JonesIndustrial Averagedropped50%,there camethe GreatDepression.The followingyears sawtheDow dropa totalof over85%.There was also acrash onMonday,October19,1987,known infinancialcircles asthe BlackMonday,when theDow lost22%of itsvalueinasingle day,bringing toan enda five-year bullrun.Thepattern wasrepeated acrosstheworld.The stockmarket downturnof2002was part ofalarger bearmarketthat tooktheNASDAQ75%from itshighs andbroaderindices down30%.Stock marketcrashes aredriven bypanic asmuch asbyeconomics factors.They oftenfollowstock marketbubbles.So longasthe prospect offurther dailydropsinthe value stockscontinues,those whoinvestinequitieswill bediscouraged.If fewpeople arewilling tomake furtherinvestments,a bear marketisexpected topersist.News ReportWorseningBank AssetsManyofthetraditional quantitativeindicators suggestthatbank asset quality isdeteriorating,and that supervisors thereforeneed to bemore sentitiveto problemsat individualbanks,bothcurrently andinthemonths ahead.Some ofthe creditsthat weremade inearlier periodsof一一optimism especiallysyndicated loansare nowunder pressureandscrutiny.The softeningeconomy andall specialcircumstanceshave especiallyaffected borrowersintheretail,manufacturing,health careandtelecommunicationindustries.California utilities,asyou know,have alsobeen underparticular pressure.All ofthese,and nodoubt otherproblem areasthat arenot nowof foreseeable,require thatboth bankmanagement andsupervisors remainparticularlyalert todevelopment.We arefortunate enoughthat ourbanking systementered thisperiodof weakeconomic performanceinastrong position.After rebuildingcapital andliquidity inthe early1990s,followed byseveral yearsof post-World WarII recordprofitsand verystrong loangrowth,our banksnow haveprudentcapital andreserve positions.In addition,assetqualitywas quitegood byhistoricalstandards beforethe deteriorationbegan.Building onbankingpractices,we areintheprocess ofimproving bothlending andsupervisorypolicies thatwe trustwill fosterbetter riskmanagement;but thesepolicies couldalso reducethepro-cyclicalpattern ofeasing andtightening ofbank lendingand accordinglyincreasebank shareholdervalues andeconomic stability.It isaneasy road,Mr.Chairman,but itseems thatwe arewell alongit.on theInternet

5.ScriptYM:Hold ontoyour hat!We IIbe rich.m buyingshares inanew company.zM:You can t buyIPO sharesunless you haveabig activewitha broker.The dayof dot-com fortunesfrom IPOsare over.Q:According tothe conversation,what isthe conditionforbuying IPOshares.

1.D

2.C

3.A

4.B

5.CListening InTask1:Tell meabout thestock exchange.ScriptVGeorge:m supposedtogivea presentationon thestockexchange,but Idon tyet knowa thingaboutit.Could yougive mesome tipsDiana:The problemwith youis that youveskipped toomanyclasses.Now,let megive youa fewtips.First ofall,you need todefine thestock exchange.It san organizationof brokersandinvestment bankers.In Europeitisoften calleda bourse.George:Could youtell memore aboutit Like,how doesitworkDiana:It providesfacilities forthe tradingof company stocks,mainly thelocation andthe record-keeping devices.George:Can Igoandtrade thereDiana:It depends.You haveto be a memberoftheexchange/zbefore youcan buyandsellshares there.They callit havingaseat“on theexchange./z77George:Something theyusetheterm stockmarket.Diana:Well,the tradingof stockon stockexchanges iscalledthe stockmarket.George:How cana companybe listed on thestock exchangeDiana:Ithasto meetcertain requirements.To belisted on theNew YorkStock Exchangelast year,for example,a companyhad tohaveissued atleast a million shares of stockworth$16and hadtohave hadmorethan$

2.5million netincome.7George:Wow,thatsa hugesum!Small companieshaven tgota chance.Diana:Big companieshave moreinfluence onthestock pricesafter all.George:I seewhat youmean.Stock exchangea thingsometipsdefine investmentbankersEurope amember stockmarket requirementsamillionshares netincomeTask2:Stockbroker helps Mr.Junkie to short ScriptABCstock reached$

155.$155forastock thatshould bevaluedat$

100.Wow!That sit,I saidto myself.It stime I make adecision.Fmgoingto short thatstock/I thoughtto myseltThisstock isovervalued.It can t remain atthepresent levelfor long.This meansmoneyinthe bank/So Iphoned mybroker.〃I wantto placea trade.I wantto short1,500shares ofABC.7T msorry,Mr.Junkie/he said,cantprocess thatfor you.Your accountis cashaccount.You need a margin account toshort astock.Icansend you the applicationform oryou nearestfinancialinstitution to fill out the forms/The minuteI gotofthephone,I heardout thedoor becausetimeis money.I rantothefinancial institutiontofilloutthe formand sentittothe brokerby expressmail service.Next morningIcalled him.,“Hell itsMr.Junkie.Did youget myapplicationYes.1Great,I wouldlike toshort ABCthen/“One minuteplease…I msorry,Mr.Junkie,but younow need7a shorter s account/What!You meanthe margin account isnt enough/zNo,you alsoneedashorter saccount.Any financialinstitutionnearby hasthe forms/Off Iran again.I completedtheformand hada taxideliver tomybroker.In theafternoon Icalled again.“Hello,itsMr.Junkie.I wanttoshort1,500shares ofABC at$155/zA fewmoments laterhe answered,Mr.Junkie,I amsorry,but Iz7don tthink thatis possible/Why notWell,thelasttrade wentthrough at$

99.”F

1.The brokerdid notbelieve ABCstock couldremainat$155for long.

2.T Mr.Junkie wantedtoshort1,500sharesofABC.T

3.Mr.Junkie couldget amarginaccountthrough eitherafinancial institutionor hisbroker.T

4.To shortastock,one needsboth amarginaccountanda7shortersaccountF

5.Mr.Junkie askeda taxidriver theforms fora marginaccounttothebroker.Task3:Who amI ifI ownstocksScriptWhen aperson buysstocks ina company,that personbecomesa shareholderinthatcompany.Stockholder isanother nameforshareholder.A shareholdercan alsobe calledan investorof thecompany.When thatcompany makesmoney,which canalso becalledearned incomeor profit,thevalueofthe company sstockoften increases.That sbecause more people may becomeinterested ininvestinginthecompany.Sometimes,shareholders7receive adividend,which ispartofthecompanys earnedincomes,intheform ofa cashpaymentSome peopletry tomakemoneyby buyingand sellingstocks.Stock pricescan moveup anddown.Shareholders maymakemoney orlose moneyby sellingstocksthat they own,dependingon whetherthepricehas goneup ordown sincethey boughttheir7shares.A companysstockpricemaybe affectedby marketoreconomic conditions.For example,let ssay that BCD Enterprisesisa softwarecompany thathas introducedanewvideo gameinto themarketIf thatgame isa hit,sales ofthe video game couldboost thecompanys earnings.Because ofthe potentialfor BCDEnterprisesto grow,its stockmaybeviewed as an attractiveinvestment anditsstock pricemay goup asmorepeoplebuy itsshares.On theother7hand,let ssaythevideogamethat BCDEnterprises introducedis aflop.Or,it couldbeagoodtime,but BCDintroduced itatatimewhen peopleare spendingless onleisure products,and hardlyanyoneis buyingthe game.So its reportedthatBCDis losingmoneybecause ofthis newproduct Then thestockprice forBCDEnterprises may go downif anumberofshareholders decideto selltheirshares.

1.What isthe passagemainly concernedwith7C Theinfluence ofshareholders buyingand sellingon acompany.

2.Which ofthe followingis NOTthe sameasashareholder8A personselling shareson behalfof others.

73.What mayaffect acompanysstock priceDAll ofthe above.

4.According tothepassage,which ofthe followingis trueif acompanys productis good7A Thecompanysstockpricemaygoup.

5.Why doesthe speaker mention BCDEnterprisesD BCDis usedasanexample toillustrate thestock marketprinciplesSpeakingOutMODEL1The stockmarketis driven by fear andgreed.Chris:Nora!Nora:Hey Chris.Why thebig grinYou looklike thecat thatswallowedthe canary.Chris:Even better.An uncleI hardlyknew passesaway andleftan inheritanceof$100,

000.So nowImthinking ofmaking someinvestments.Nora:Good idea,thouh itwouldbemore funif wespent ittogether.What sortof investmentdoyouhave inmindzChris:The stockmarketislooking attractive.It sbeen abearmarket forseveral yearsnow,and I think stockprices areprettydepressed.Nora:The declingmarket hasinvestors depressed,too.Chris:But allthings workin cycles.A bearmarket willeventuallybe followedby abull market.Nora:That ssure.T vebeen readingthatinvestors arecoming backtothemarket,and thatwill driveupthe valueof stocks.Chris:I believethemarketis pickingup.aNora:But theresstillrisk.Wars,weather problems—all theseimpactincestor sconfidence.Chris:Iknowwhat youmean.Thestock marketisdrivenbyfearsnd greed.When investorsarecinfident odmaking ofa fortune,they buy-thatsgreed atwork.Nora:But alongcomes somethingto shaketheir confidence...Chris:Uke arise ininterest rates,for example,and bingo,theybecome afraidthattheymight losetheirshares,so theypull outofthe market.Now YourTurnA:T vesaved alot of money overthe pastyears,and nowF dliketoinvestitfora profit.B:What sortof investmentdoyouhave inmindA:The stockmarketislooking attractive.It sbeen abearmarket forseveral yearsnow,and Ithink stockprices areprettydepressed.B:The fallingmarket hasdiscouraged manyinvestors.A:But allthings workin cycles.A bearmarket willeventually befollowedby abull market.zB:That strue.When themarket doestouch itsbottom,it IIrebound.A:I hopethe investorswill sooncome backtothemarket anddriveit up.7B:But therere stillrisks.Wars,weather problems—all these7affect buyersconfidence.zWe renotsureifthemarket hasreached itsbottom.A:The bearmarket haslasted overfour years;Ithinkitstimefor itto pickup.B:It sreally hardto say.The Japanesestockmarkethas hadabear runof aboutten years.A:ReallyB:And whenNASDAQ fellfrom5,000points to3,000points,some peoplebelieve itwasagolden opportunitytoenterthemarket.Thenthemarket plunged.A:So thestockmarketis reallyrisky.I maylose money.B:And maybeeven yourshirts.A:Well,perhaps rdbetterput mymoney onthe bank.The stockhasto be launched.Helen:You know,this hasbeen aprivately ownedcompanyYsince wefirst openedlast yearand,to behonest withyou,minclined inkeeping inthat way.Bill:But themarketis changing rapidly,and we needtothinklong termand take proactive measure;otherwise,we IIfindourselves behindthe competition.Helen:That sagoodpoint;perhaps Ishould bemoreopen—minded aboutthis.Bill:Don tyouthinkyourealittleshort of funds atthemomentHelen:That strue.7Bill:You simplycantafford toupgrade yourfacilities withoutconsiderableoutside investment.The bankwont lendyouthemoney.,Helen:I havent triedit.Bill:Even ifit did,the interestrate forthat muchcapital wouldbe more wecould afford.rmconvinced,the onlyway togeneratethe fundsweneed istogopublic.Helen:What shouldIdothenBill:A consultantwill becoming innext weekto explain theregistration procedurefor an IPO.Helen:That sgreat becauseI wantto havea thoroughunderstandingof whatthis entailsbefore anydecisions aremade.Bill:The importantpoint isthat youhavetodemonstrate yourefinancially qualified tobelistedonthestockmarketNow YourTurnA:Mr.Smith,though your company hasgrown fastfewyears,themarketischangingthe rapidly.So youneedtothink thelongzterm andtakeproactivemeasures;otherwise,you IIfind itbehindthe competition.B:You requite right,but canyou bemore specificabout whatwemust doA:Don tyouthinkyourcompanyisabit shortoffundstoexpand productionatthemomentB:That sright.A:You simplycantafford toupgrade yourfacilities withoutlargeexternal investments.B:Perhaps Ihavetoborrow moneyfromthebank.A:It wont lendyousomuch money.B:I havent triedit.A:Even ifyou gota loan,the interestrate forlarge sumwouldbemorethan youcan afford,rmconvinced,the onlyway togatherfunds youneedistogoto public.B:What shouldIdothenA:Let meexplaintherequirements foranIPO.B:Fmall ears.I wantto havea thoroughunderstanding ofwhatthis entailsbefore Imake furtherdecisions.A:The importantpoint isthatyouhavetodemonstrate thatyouare financiallyqualifiedtobe launchedonthestockmarketYoumust showyouhavea capitalof50million yuan.B:Our companydoes havethat amountofmoney.Are thereotherrequirements。