¡¡Section I Use of English

¡¡¡¡Part A

¡¡¡¡Directions: Read the following text. Choose the best word(s) for each numbered blank and mark A,B,C or D on ANSWER SHEET 1.(10 points)

¡¡¡¡The basic function of money is the enable buying to be separated from selling, thus permitting trade to take place without the soª²called double coincidence of barter. If a person has something to sell and wants something else 1 return, it is not necessary to search for someone able and 2to make the desired exchange of items. The person can sell the 3 item for general purchasing power¡ªthat is, ¡°money¡±¡ªto anyone who wants to buy it and then use the proceeds to buy the desired item from anyone who wants to sell it.

¡¡¡¡The importance of this function of money is 4 illustrated by the experience of Germany just after World War ¢ò, 5 paper money was 6 largely useless because, despite inflationary conditions, price controls were effectively 7 by the American, French, and British armies of occupation. People had to8 to barter or to inefficient money substitutes. The result was to cut total output of the economy in half. The German ¡°economic miracle¡± just after 1948 reflected partly a currency reform by the occupation authorities, 9 some economists hold that it stemmed primarily from the German government¡¯s 10 of all price controls, 11 permitting a money economy to 12 a barter economy.

¡¡¡¡13 of the act of sale from the act of purchase 14 the existence of something that will be generally accepted in payment¡ªthis is the ¡°15 of exchange¡± function of money. But there must also be something that can serve as a 16 abode of purchasing power, in which the seller holds the proceeds in the interim 17 the first sale and the 18 purchase, or from which the buyer can 19the general purchasing power with which to pay 20 what is bought. This is the ¡°asset¡± function of money.

¡¡¡¡1. £ÛA£Ý on£ÛB£Ý in£ÛC£Ý by£ÛD£Ý for

¡¡¡¡2. £ÛA£Ý capable£ÛB£Ý likely£ÛC£Ý desirable£ÛD£Ý willing

¡¡¡¡3. £ÛA£Ý excess£ÛB£Ý extra£ÛC£Ý surplus£ÛD£Ý ample

¡¡¡¡4. £ÛA£Ý dramatically£ÛB£Ý urgently£ÛC£Ý faithfully£ÛD£Ý incidentally

¡¡¡¡5. £ÛA£Ý when£ÛB£Ý before£ÛC£Ý since£ÛD£Ý until

¡¡¡¡6. £ÛA£Ý developed£ÛB£Ý reserved£ÛC£Ý rendered£ÛD£Ý imagined

¡¡¡¡7. £ÛA£Ý encouraged£ÛB£Ý enlarged£ÛC£Ý endured£ÛD£Ý enforced

¡¡¡¡8. £ÛA£Ý conform£ÛB£Ý resort£ÛC£Ý commit£ÛD£Ý gear

¡¡¡¡9. £ÛA£Ý and£ÛB£Ý but£ÛC£Ý therefore£ÛD£Ý however

¡¡¡¡10. £ÛA£Ý deprivation£ÛB£Ý stimulation£ÛC£Ý elimination£ÛD£Ýrestriction

¡¡¡¡11. £ÛA£Ý thereby£ÛB£Ý therefore£ÛC£Ý then£ÛD£Ý while

¡¡¡¡12. £ÛA£Ý alternate£ÛB£Ý establish£ÛC£Ý substitute£ÛD£Ý replace

¡¡¡¡13. £ÛA£Ý Introduction£ÛB£Ý Specification£ÛC£Ý Representation£ÛD£Ý Separation

¡¡¡¡14. £ÛA£Ý assumes£ÛB£Ý requires£ÛC£Ý focuses£ÛD£Ý undertakes

¡¡¡¡15. £ÛA£Ý medium£ÛB£Ý function£ÛC£Ý role£ÛD£Ý nature

¡¡¡¡16. £ÛA£Ý fashionable£ÛB£Ý favorable£ÛC£Ý temporary£ÛD£Ý token

¡¡¡¡17. £ÛA£Ý both£ÛB£Ý for£ÛC£Ý between£ÛD£Ý after

¡¡¡¡18. £ÛA£Ý consequent£ÛB£Ý relevant£ÛC£Ý inadequate£ÛD£Ý subsequent

¡¡¡¡19. £ÛA£Ý execute£ÛB£Ý extract£ÛC£Ý exceed£ÛD£Ý exchange

¡¡¡¡20. £ÛA£Ý for£ÛB£Ý off£ÛC£Ý back£ÛD£Ý in

 

¡¡¡¡Section ¢ò Reading Comprehension

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