世新大學九十二學年度碩士在職專班考試

系所別	考試科目
財務金融學系	財經英文閱讀

一、請閱讀完以下短文回答接下來的問題。(每題10分)

1. Jaswant Singh, the Indian finance minister, declared in his recent budget that his country would become the gold-trading capital of the world. They met a gloomy response in Mumbai, where most of India’s gold is traded. “The gold trade is dead”, was one dejected trader’s response, despite a cut in import duties on gold announced on February 28, and the removal a week earlier of a decades-old bar on futures trading in over 50 commodities, including the yellow metal.

(1) What is Jaswant Singh? (A) an Indian journalist;(B) the person who is in charge of the Ministry of India; (C) an Indian broker; (D) an Indian financial analyst.

(2) What is the main theme that this passage states? (A) Indian may become the main place of gold transaction; (B) India owns a lot of gold; (C) like machine, gold will become a capital in production function; (D) Jaswant Singh decides to be a gold trader.

2. In the 1990s, the inability to diagnose Japan’s prolonged economic slump, with private investment and consumption languishing and banking system in perpetual crisis, has become the great failure of modern macroeconomics. Massive public spending plans seem to have given the economy a fillip. In the first quarter, GNP growth of 1.9% (7.9% on an annual basis) surprised everybody. But that still leaves the lever of GNP no higher than it was a year ago; and private investment continues to slump.

(3) How is Japan from the passage above? (A) Stagflation; (B) a war; (C) great recession; (D) soft landing

(4) What happens to the private investment? (A) begin to boom; (B) unchanging; (C) keep on decreasing; (D) grows at 1.9% per quarter.

3. Mahathir Mohamad, prime minister of Malaysia, called them the “highwaymen of the global economy”. Others have described the, as “buccaneers” and “gunslingers”. Modern currency crises—the fracturing of Europe’s exchange-rate mechanism in 1992, the Mexican peso crash in 1994, the collapse of East Asia’s currencies in 1997, and the recent attacks on the Russian currency-are often blamed on them. By placing aggressive bets on currencies, the argument goes, hedge funds destabilise financial markets and drive fragile economies to the wall. Many politicians clamour for greater regulation. The more extreme suggest that world would be better off without them.

(5)According to the passage above, who are they that are named by “highwayman of the global economy”? (A) Mahathir Mohamad; (B) The Malaysian; (C) hedge fund; (D) buccaneers.

(6) Select the correct sentence. (A) The extreme politicians suggest that the world cannot do without them; (B) the world will be fully optimized with them; (C) the world will become better if they disappear; (D) the main currency crisis is irrelevant to them.

二、請用中文完整解釋下面短文(每題8分，文辭優美不在評分考慮)

1. The world’s financial system has serious flaws. Unfortunately, explains Zanny Minton Beddoes, so do the alternatives.

2. Central banks are now more powerful than ever before. They should enjoy their moment of glory; it will not last.

3. The Internet has already forced wrenching change on the financial-services industry-and the revolution has barely begun.

4. Many American policymakers argue that a stock market collapse would inflict little damage on the real economy. Don’t bet on it!

5. These days, people talk freely about “financial contagion”. Too freely. It is worth asking whether there is any such thing.