The Growing Credit Crisis Forces Many Companies to Seek Government Help
On September fifteenth, Lehman Brothers, a one hundred fifty-eight year-old investment bank, sought legal protection from its creditors. It had failed to find a buyer after months of searching. With over six hundred billion dollars in debt, Lehman’s failure was the largest bankruptcv in United States history At the same time,the nation’s biggest insurance company,American International Group, had gotten into trouble selling credit default swaps These are contracts Similar to insurance that protect the holder against credit risk.
Credit rating agencies downgraded A.I.G because of concerns it could not honor its contracts. Unable to get new loans, A.I.G asked for government help The Federal Reserve agreed to loan A .I.G. eighty-five billion dollars in return for eighty percent of the company but it was not enough. By November, the government had extended a total of about one hundred fiftv billion doliars in aid to A .I.G—the most to any single company during the crisis.
As banks refused to lend, Treasury Secretary Henry Paulson proposed a plan to loosen credit markets by buylng risky assets. Congress approved the Emergency Economic Stabilization Act of Two. Thousand eight on October third The bill provided seven hundred billion dollars to buy hard to-value securltles from banks. But within weeks, the government changed plans. The Treasury moved to invest two handred fifty billion dollars directly in banks to help them lend money again.
Lack of credit not only hurt banks but manufacturers, too. Falling car sales threatened America’s carmakers The big three automakers—General Motors, Ford and Chrysler—told Congress that they needed loans or they faced bankmptcy. In December, President Bush offered G.M and Chrysler over seventeen billion dollars in loans.
As the year ended, the Federal Reserve tried to support economic growth by lowering its main interest rate to nearly zero for the first time. But there was one more bad surprise New York money manager Bernard Madoff admitted he had cheated investors out of fifty billion dollars. The news only added to the sense that two thousand eight was the worst economic year since the nineteen thirties

  1. 1.

    Which of the following is NOT the problem in the passage Lehman Brothers was faced with?

    1. A.
      lt is an Investment bank with more than one and a half centuries history
    2. B.
      It didn’t find a buyer after months of searching
    3. C.
      It has over six hundred billion dollars in debt
    4. D.
      Its failure was the largest bankruptcy in United States history
  2. 2.

    The reason why

    1. A.
      I.G turned to the U.S government for help was that           .
      A. A.I.G would give eighty percent of the company in return for the loan
    2. B.
      A.I.G couldn’t get new loans from credit rating agencies
    3. C.
      the government extended a total of about one hundred fifty billion dollars in aid to A
    4. D.
      G
    5. E.
      the Federal Reserve agreed to loan A.I G eighty-five billion dollars
  3. 3.

    According to the passage, which of the following is probably NOT suffering from the lack of_______

    1. A.
      Banks.
    2. B.
      Manufacturers
    3. C.
      Carmakers
    4. D.
      Barbers
  4. 4.

    The last sentence of this passage indicates that the author’s attitude towards the U.S economy in 2008 is

    1. A.
      pessimistic
    2. B.
      optimistic
    3. C.
      objective
    4. D.
      subjective
ABDA
1.細(xì)節(jié)推斷題。從文章第一、:段可得知答案為A。
2.細(xì)節(jié)推斷題。從文章第三段第二句“Unable to get newloans, A .I.G. asked for government
help”可得知。
3.直接事實(shí)題。前三項(xiàng)都受到經(jīng)濟(jì)危機(jī)的直接影響。
4.推斷題。從全文最后一段的內(nèi)容可以知道作者的態(tài)度是悲觀的。
練習(xí)冊(cè)系列答案
相關(guān)習(xí)題

科目:高中英語(yǔ) 來(lái)源:廣東省高考真題 題型:閱讀理解

閱讀理解。
     Food sometimes gets poisoned with harmful things. A person who eats such food can get an illness called
food poisoning. Food poisoning is usually not serious, but some types are deadly, The symptoms of food
poisoning usually begin within hours of eating the poisoned food. Fever is one of the most common symptoms.
     Certain microorganisms (微生物) cause most types of food poisoning. Bacteria and other microorganisms
can poison eggs, meat, vegetables, and many other foods. After entering the body, these tiny living things
release (釋放) poisons that make people sick.
     Some chemicals can also cause food poisoning. They are often added to food while it is being grown,
processed, or prepaid. For example, many farmers spray chemicals on crops to kill weeds and insects. Some
people may have a bad reaction to those chemicals when they eat the crops.
     Some plants and animals contain natural poisons that are harmful to people. These include certain kinds of
seafood, grains, nuts, seeds, beans, and mushrooms.
     When people handle food properly, the risk of food poisoning is very small Microorganisms multiply rapidly
in dirty places and in warm temperatures. This means that people should never touch food with ditty hands or
put food on unwashed surfaces. Food should be kept in a refrigerator to stop microorganisms from gnawing.
Meat needs to be cooked thoroughly to kill any dangerous microorganisms. People should also wash food
covered with chemicals before eating it. Finally, people should not eat raid mushrooms or other foods that grow
in the wild. Some of these foods may contain natural materials that are poisonous to humans. In addition, some
types of fish can be poisonous.
     Most people recover from food poisoning after a few days of resting and drinking extra water. If people eat
natural poisons, they must go to the hospital right away to have their stomachs emptied.
1. Which of the following statements is NOT true?
A. Food when poisoned can make people sick.
B. Food poisoning means death.
C. Food poisoning comes in varieties.
D. Food poisoning can be serious.
2. We know from the passage that the symptoms of food poisoning _____.
A. are always accompanied by a fever
B. are too common to be noted
C. can be noticed within hours
D. can be ignored
3. Food poisoning can be caused by all the following EXCEPT _____.
A. some chemicals
B. low temperatures
C. some tiny living things
D. certain natural materials
4. From Paragraph 5, we can learn that _____.
A. mushrooms should not be eaten
B. vegetables are safer than meat and seafood
C. natural poisons are more dangerous than chemicals
D. different types of food should be handled differently
5. It can be inferred from the passage that _____.
A. natural materials are safe in food processing
B. chemicals are needed in food processing
C. food poisoning can be kept under control
D. food poisoning is out of control

查看答案和解析>>

同步練習(xí)冊(cè)答案