Listen to the following passage. Altogether the passage will be read to you fo

游客2023-11-16  24

问题   Listen to the following passage. Altogether the passage will be read to you four times. During the first reading, which will be read at normal speed, listen and try to understand the meaning. For the second and third readings, the passage will be read sentence by sentence, or phrase by phrase, with intervals of 15 seconds. The last reading will be read at normal speed again and during this time you should check your work. You will then be given 2 minutes to check through your work once more.
Stock Exchange
    Another key financial institution in the money market is the stock exchange. / The stock exchange makes a market through stockbrokers. / In the United States the market is made by specialists / who are wholesalers of stocks and shares. / They hold a "float" of shares at any time. / and daily prices are set as they mark prices down /and as they balance shares offered with shares demanded. / Stock exchange transactions occur within a complex network of law, / government regulations, / and the internal rules of the individual governing bodies. / Stock markets throughout the world have become increasingly institutionalized in the last 30 years. / Although small savings have expanded greatly, / they have in general been used to boost the great growth in personal insurance and pensions. /Hence the main supply of funds to the stock market is now / through insurance companies, pension funds, private universities, and other institutional fund sources. /

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答案                       Stock Exchange
    Another key financial institution in the money market is the stock exchange. / The stock exchange makes a market through stockbrokers. / In the United States the market is made by specialists / who are wholesalers of stocks and shares. / They hold a "float" of shares at any time. / and daily prices are set as they mark prices down /and as they balance shares offered with shares demanded. / Stock exchange transactions occur within a complex network of law, / government regulations, / and the internal rules of the individual governing bodies. / Stock markets throughout the world have become increasingly institutionalized in the last 30 years. / Although small savings have expanded greatly, / they have in general been used to boost the great growth in personal insurance and pensions. /Hence the main supply of funds to the stock market is now / through insurance companies, pension funds, private universities, and other institutional fund sources. /

解析 难句“They hold a ’float’ of shares at any time, and daily prices are set as they mark prices down as they balance shares offered with shares demanded.”中的“float”of share指股份的“浮动”,了解此短语的意思就不会误听为“flood”of shares。
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