Financial markets improve economic welfare because______.A．they allow funds to move from t

A.speculation

B.speculator

C.speculate

D.speculative

Regulation of the money supply and financial markets is referred to as ______.

A．fiscal policy

B．income policy

C．monetary policy

D．budgetary, policy

A. securities markets

B. a state-owned bank

C. financial markets

A.stimulate

B.promote

C.facilitate

D.move

A.do away with

B. deal with

C. get rid of

D. deal in

A.manufacturing

B. legal

C. healthcare

D. financial

E. automotive

F. retail

Foreign exchange markets are electronic communication systems that (56) major financial centers throughout the world. Exchange rates are determined (57) supply and demand relationships, relative interest rate levels, relative (58) of inflation, political risk, and economic risk. Alternatives (59) affecting settlement of purchase and sales claims were explored (60) with the instruments available to exporters and importers for financing their international activities.

(41)

A．focus

B．liaison

C．connect

D．associate

A.bringing together people with funds to lend and people who want to borrow funds

B.assuring that the swings in the business cycle are less pronounced

C.assuring that governments need never resort to printing money

A.shift consumption through time from higher-income periods to lower

B.price securities according to their riskiness

C.channel funds from lenders of funds to borrowers of funds

D.allow most participants to routinely earn high returns with low risk