题目
For investors who desire low risk and guaranteed income. US government bonds are a secure investment because these bonds have the financial backing and full faith and credit of the federal government. Municipal bonds, also secure, are offered by local governments and often have ___1___ such as tax-free interest. Some may even be __2___ . Corporate bonds are a bit more risky.Two questions often ___3___ first-time corporate bond investors. The first is “If I purchase a corporate bond, do I have to hold it until the maturity date?,” The answer is no. Bonds are bought and sold daily on ___4___ securities exchanges. However, if you decide to sell your bond before its maturity date, you’re not guaranteed to get the face value of the bond. For example, if your bond does not have ___5___ that make it attractive to other investors, you may be forced to sell your bond at a ___6___ ,i.e., a price less than the bond’s face value. But if your bond is highly valued by other investors, you may be able to sell it at a premium, i.e., a price above its face value. Bond prices generally ___7___ inversely(相反地) with current market interest rates. As interest rates go up, bond prices fall, and vice versa（反之亦然）. Thus, like all investments, bonds have a degree of risk.The second question is “ How can I ___8___ the investment risk of a particular bond issue? ”Standard & Poor’s and Moody’s Investors Service rate the level of risk of many corporate and government bonds. And___9___, the higher the market risk of a bond, the higher the interest rate. Investors will invest in a bond considered risky only if the ___10___ return is high enough.A. advantagesB. assessC. botherD. conservedE. deductionF. discountG. embarrassH. featuresI. fluctuateJ. indefiniteK. insuredL. majorM. naturallyN. potentialO. simultaneously
For investors who desire low risk and guaranteed income. US government bonds are a secure investment because these bonds have the financial backing and full faith and credit of the federal government. Municipal bonds, also secure, are offered by local governments and often have ___1___ such as tax-free interest. Some may even be __2___ . Corporate bonds are a bit more risky.Two questions often ___3___ first-time corporate bond investors. The first is “If I purchase a corporate bond, do I have to hold it until the maturity date?,” The answer is no. Bonds are bought and sold daily on ___4___ securities exchanges. However, if you decide to sell your bond before its maturity date, you’re not guaranteed to get the face value of the bond. For example, if your bond does not have ___5___ that make it attractive to other investors, you may be forced to sell your bond at a ___6___ ,i.e., a price less than the bond’s face value. But if your bond is highly valued by other investors, you may be able to sell it at a premium, i.e., a price above its face value. Bond prices generally ___7___ inversely(相反地) with current market interest rates. As interest rates go up, bond prices fall, and vice versa（反之亦然）. Thus, like all investments, bonds have a degree of risk.The second question is “ How can I ___8___ the investment risk of a particular bond issue? ”Standard & Poor’s and Moody’s Investors Service rate the level of risk of many corporate and government bonds. And___9___, the higher the market risk of a bond, the higher the interest rate. Investors will invest in a bond considered risky only if the ___10___ return is high enough.
- A. advantages
- B. assess
- C. bother
- D. conserved
- E. deduction
- F. discount
- G. embarrassH. featuresI. fluctuateJ. indefiniteK. insuredL. majorM. naturallyN. potentialO. simultaneously
题目解答
答案
1. A2. K3. C4. L5. H6. F7. I8. B9. M10. N
解析
步骤 1：理解题意
题目要求我们填入适当的单词，使句子通顺且符合逻辑。我们需要根据上下文和选项来选择合适的单词。
步骤 2：分析选项
A. advantages 优点
B. assess 评估
C. bother 烦扰
D. conserved 保存
E. deduction 推断
F. discount 折扣
G. embarrass 尴尬
H. features 特点
I. fluctuate 波动
J. indefinite 不确定的
K. insured 保险的
L. major 主要的
M. naturally 自然地
N. potential 潜在的
O. simultaneously 同时地
步骤 3：填空
1. Municipal bonds, also secure, are offered by local governments and often have ___1___ such as tax-free interest.
- 根据上下文，这里需要填入一个表示“特点”的词，因此选择 H. features。
2. Some may even be __2___ .
- 根据上下文，这里需要填入一个表示“保险的”的词，因此选择 K. insured。
3. Two questions often ___3___ first-time corporate bond investors.
- 根据上下文，这里需要填入一个表示“烦扰”的词，因此选择 C. bother。
4. Bonds are bought and sold daily on ___4___ securities exchanges.
- 根据上下文，这里需要填入一个表示“主要的”的词，因此选择 L. major。
5. if your bond does not have ___5___ that make it attractive to other investors, you may be forced to sell your bond at a ___6___ ,i.e., a price less than the bond’s face value.
- 根据上下文，这里需要填入一个表示“特点”的词，因此选择 H. features。
6. you may be forced to sell your bond at a ___6___ ,i.e., a price less than the bond’s face value.
- 根据上下文，这里需要填入一个表示“折扣”的词，因此选择 F. discount。
7. Bond prices generally ___7___ inversely(相反地) with current market interest rates.
- 根据上下文，这里需要填入一个表示“波动”的词，因此选择 I. fluctuate。
8. How can I ___8___ the investment risk of a particular bond issue?
- 根据上下文，这里需要填入一个表示“评估”的词，因此选择 B. assess。
9. And___9___, the higher the market risk of a bond, the higher the interest rate.
- 根据上下文，这里需要填入一个表示“自然地”的词，因此选择 M. naturally。
10. Investors will invest in a bond considered risky only if the ___10___ return is high enough.
- 根据上下文，这里需要填入一个表示“潜在的”的词，因此选择 N. potential。
题目要求我们填入适当的单词，使句子通顺且符合逻辑。我们需要根据上下文和选项来选择合适的单词。
步骤 2：分析选项
A. advantages 优点
B. assess 评估
C. bother 烦扰
D. conserved 保存
E. deduction 推断
F. discount 折扣
G. embarrass 尴尬
H. features 特点
I. fluctuate 波动
J. indefinite 不确定的
K. insured 保险的
L. major 主要的
M. naturally 自然地
N. potential 潜在的
O. simultaneously 同时地
步骤 3：填空
1. Municipal bonds, also secure, are offered by local governments and often have ___1___ such as tax-free interest.
- 根据上下文，这里需要填入一个表示“特点”的词，因此选择 H. features。
2. Some may even be __2___ .
- 根据上下文，这里需要填入一个表示“保险的”的词，因此选择 K. insured。
3. Two questions often ___3___ first-time corporate bond investors.
- 根据上下文，这里需要填入一个表示“烦扰”的词，因此选择 C. bother。
4. Bonds are bought and sold daily on ___4___ securities exchanges.
- 根据上下文，这里需要填入一个表示“主要的”的词，因此选择 L. major。
5. if your bond does not have ___5___ that make it attractive to other investors, you may be forced to sell your bond at a ___6___ ,i.e., a price less than the bond’s face value.
- 根据上下文，这里需要填入一个表示“特点”的词，因此选择 H. features。
6. you may be forced to sell your bond at a ___6___ ,i.e., a price less than the bond’s face value.
- 根据上下文，这里需要填入一个表示“折扣”的词，因此选择 F. discount。
7. Bond prices generally ___7___ inversely(相反地) with current market interest rates.
- 根据上下文，这里需要填入一个表示“波动”的词，因此选择 I. fluctuate。
8. How can I ___8___ the investment risk of a particular bond issue?
- 根据上下文，这里需要填入一个表示“评估”的词，因此选择 B. assess。
9. And___9___, the higher the market risk of a bond, the higher the interest rate.
- 根据上下文，这里需要填入一个表示“自然地”的词，因此选择 M. naturally。
10. Investors will invest in a bond considered risky only if the ___10___ return is high enough.
- 根据上下文，这里需要填入一个表示“潜在的”的词，因此选择 N. potential。