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The U.S. dollar was supposed to be at the end of its rope. Kicking the bucket. A dying symbol of a dying empire. Well, maybe not. The dollar continues to _1_ gloom-and-doom predictions. After a swoon (低迷)last year, the dollar is again enjoying a major _2_. The U.S. dollar index, which measures the dollar’s value against other major currencies, is just off an eight-month high. The main reason behind the dollar’s recovery is actually no real surprise at all. There is no _3_ able to replace the dollar as the world’s No.l currency. What makes currencies so fascinating is that their perceived value is always relative to other currencies. Sure, the U.S. budget deficit is _4_, the government’s debt is increasing, and Wall Street is still repairing itself. But the dollar remains the prettiest of a flock of ugly ducklings. Is any other major industrialized economy _5_ better off than the U.S.? Not really. Just about the _6_ developed world is suffering with the same problems. That’s why when investors get nervous, they still rush to the good old dollar. The dollar wins because no one else is really in the game. The euro has been exposed as a _7_. Only a few months ago, economists truly believed the euro could _8_ the dollar as the top reserve currency. Now experts are questioning if the euro has a future at all. The Greek debt crisis has _9_ that the euro is only as strong as its weakest link. Maybe over the next 20 or 30 years,the dollar will slowly lose the _10_ status it holds today. That process, however, could well be driven by the appearance of new rivals.
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I)defy
J)particularly
K)alternative
L)relative
M)revealed
N)intriguing
O)rally
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最新试题
【7】:()
Choose the most appropriate words to complete the summary of Unit 3 Passage A(每词只选一次,只需填字母)The passage is speaking strongly against the patent system--based upon the (1)______that “patent-lawyers are s of obfuscation” and that patents are being used both by established (2)______and patent trolls to stifle further innovation. The system has created a parasitic (3)_______ of trolls and defensive patent-holders, who aim to block innovation, or at least to stand in its way (4)______ they can grab a share of the spoils. An early study found that newcomers to the semiconductor business had to buy licenses from incumbents for as much as $200m. Patents should spur (5)_______ of innovation; instead, they are used to lock in incumbents' advantages. The patent system is expensive. A decade-old study (6)_______ that in 2005, without the temporary monopoly patents bestow, America might have saved three-quarters of its $210 billion bill for prescription drugs. The expense would be worth it if patents brought innovation and prosperity. The Economist has a longstanding pro-competition anti-patent bent. In the 1800's The Economist proposed full (7)______of the patent system. The paper's stance is no longer opposition, but does come with the interesting statement that “government should force the owners of intellectual property to share.” Their proposals: 1) Patent Use Requirement--the patent should only be (8)______ if the patentee uses it in the marketplace. 2) Patent (9)______--patents should be easier to challenge without going to court and the burden of proof should be lower. 3) The standard for non-obviousness should be raised so that patents are only granted to those “who work hard on big, fresh ideas, rather than those who file the paperwork on a tiddler.” 4) Patent term should be reduced--(10)______ in fast-moving technology areas.
【11】:()
【14】:()
The reason(A)Tom has made great progress(B)is for(C)she has never wasted(D)her time.
My parents ask me ()waste time online.
【5】:()
Which of the following best describes students like Li Xiang?()
In what day does science do something harmful to mankind?()
Tom and Jack are both very clever.(),Tom is ()Jack.