首页
登录
职称英语
Security and commodity exchanges are trading posts where people meet who wis
Security and commodity exchanges are trading posts where people meet who wis
游客
2025-04-27
40
管理
问题
Security and commodity exchanges are trading posts where people meet who wish to buy and sell. The exchanges themselves do no trading, they merely provide a place where prospective buyers and sellers can meet and conduct their business.
Wall Street, although the best known, is not home of exchanges in the United States. There are the cotton exchanges in New Orleans and Chicago; the Mercantile Exchange which deals in many farm products in Chicago; and grain exchanges in many of the large cities of the Midwest. Some exchanges, like Chicago Board of Trade, provide market services for several kinds of products. These trading posts where products may be brought or sold are called commodity exchanges.
The security exchanges, on the other hand, are meeting places where stocks and bonds are traded. Like the commodity exchanges, they help serve the economic life of the country. But when their operations get out of hand, they may become very dangerous. In 1929, the security exchange, or stock market, contributed to a crash—a sudden sharp decline in the value of securities. Many people lost fortunes; many corporations were bankrupted; many workers lost their jobs. The crash of 1929 has been attributed to many causes, among them wild and unwise speculation by many people and dishonest practices on the part of some business and of some members of the exchanges.
Today, however, investing through security exchanges and trading on commodity exchanges has been made safer by regulations set up by the exchanges themselves and by regulations of the United States government. In 1922, the government instituted the Commodity Exchange Commission which operates through the Department of agriculture; and in 1934, the Securities Exchange Commission, to protect investors and the public against dishonest practices on the exchanges. [br] A sudden, sharp decline in the value of securities is called_____.
选项
A、a trade
B、speculation
C、investment
D、a crash
答案
D
解析
题目问:有价证券价格的突然急剧下降叫做什么现象?第三段“In 1929,the security exchange,or stock market,contributed to a crash—a sudden sharp decline in the value of securities.”通过这句话可知,证券价值急剧下跌,叫做崩盘。据此判断,应选择D。
转载请注明原文地址:https://tihaiku.com/zcyy/4056013.html
相关试题推荐
Securityandcommodityexchangesaretradingpostswherepeoplemeetwhowis
Securityandcommodityexchangesaretradingpostswherepeoplemeetwhowis
Securityandcommodityexchangesaretradingpostswherepeoplemeetwhowis
Securityandcommodityexchangesaretradingpostswherepeoplemeetwhowis
Securityandcommodityexchangesaretradingpostswherepeoplemeetwhowis
Afterthirtyyearsoftelevision,peoplehavebecome"speedwatchers".Consequen
Theinternetisgoodatshame.1)Therearecountlesswebsiteswherepeople
Theinternetisgoodatshame.1)Therearecountlesswebsiteswherepeople
Theinternetisgoodatshame.1)Therearecountlesswebsiteswherepeople
Shakenbytwodecadesofvirtualanarchy,themajorityofpeoplewerereadytob
随机试题
Itisdifficultforparentstoteachyourchildrentoberesponsible
[originaltext]Adebitcardisaplasticcardenablingthecardholdertopur
在确定砌体强度时,下列哪项叙述是正确的?( )A、块体的长宽对砌体抗压强度影响
Ifyouhavegotkids,hereisanastytr
根据《住宅设计规范》GB50096,每套住宅的用电负荷不应小于()。A.2.
患儿,男,10个月。平时发育营养正常,人工喂养。3天来腹泻,大便20余次/日,蛋
下列选项中,反映非营业损益的账户包括()。A.“营业外支出” B.
城市规划行政主管部门工作人员在城市规划编制单位资质管理工作中玩忽职守、滥用职权、
既能祛风湿,又能强筋骨的药物有( ) A.香加皮 B.狗脊 C.海风藤
工程项目实施进度的理想状态是任一时刻工程实际进展点应落在()。A.香蕉曲线图的范
最新回复
(
0
)