首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Security and commodity exchanges are trading posts where people meet who wish to buy and sell. The exchanges themselves do no tr
Security and commodity exchanges are trading posts where people meet who wish to buy and sell. The exchanges themselves do no tr
admin
2015-01-09
78
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.
Which of the following is the reason for the Crash in 1929?
选项
A、High taxation for trade.
B、Tricks of some businessman.
C、Speculation of some people.
D、Strict regulation of the state.
答案
C
解析
题目问:第三段“The crash of 1929 has been attributed to many causes,among them wild andunwise speculation by many people and dishonest practices on the part of some business and ofsome members of the exchanges.”此句话给出了导致1929年股市崩盘的原因,据此判断,应选择C。
转载请注明原文地址:https://www.kaotiyun.com/show/JdQO777K
0
考博英语
相关试题推荐
Businessandgovernmentleadersconsidertheinflationratetobeanimportantgeneralindicator.Inflationisaperiodofincre
Newresearchsuggestsgossipcouldactuallylower______andhelppeopleovercomethefrustrationofseeingsomeonedoingsomethin
Asurveyhasfoundthatthreequartersofmenquiteenjoytheirfoodshoppingexperienceandarehappyto______theirwayaround
Ifhalftheenergythatgoesintoviolentactswereputtogooduse,ifoureffortsweredirectedatcleaninguptheslumsandg
Thetechnical-socialwayoflifeisadeepfeatureofthespeciesadaptation,butwewoulderrifweassumedapriorithatman’s
ThefieldofsociologyintheUnitedStatesdevelopedasaresultofasocialexperiencewhichhadverylittletodowiththepo
Allthequestions______aroundwhatshehadbeendoingonthenightoftherobbery.
Cultureisactivityofthought,andreceptivenesstobeautyandhumanefeeling.【1】ofinformationhavenothingtodowithit.Am
Itisironicthatthe______insightsofthegreatthinkersarevoicedsooftenthattheyhavebecomemere______.
Simon’sletterwasinsuchacasualscrawl,andinsuchpaleink,thatitwas____
随机试题
梅奥认为提高生产率的主要途径是______。
可以反映骨髓造血功能盛衰的指标是
男,40岁,1年前被提拔到单位领导岗位,近半年感到工作效率下降,工作时特别容易疲乏,休息时又不能松弛下来,晚上睡觉时脑子里过电影似的想着白天的事情,每天要2~3h才能入睡,梦多,醒后不解乏。每天中午和同事打球时感到心情很放松,回到工作岗位又陷入烦恼中。最可
以下关于患者用药咨询的环境设置不合理的是()
下列软件产品中,是操作系统()。
划拨用地的规划审核内容,主要包括()
下列指标中,()可以用来衡量投资的风险。
完成某工作的最短持续时间为8天、最长持续时间为16天、最可能持续时间为15天,则该工作的持续时间是()天。
质量检验计划是对检验和试验活动带有()的总体安排。
0,1,0,5,8,17,19,()
最新回复
(
0
)