Ⅳ. Reading Comprehension (60 points)

　　Directions:

　　There are four reading passages in this part. Each passage is followed by five questions. For each question there are four suggested answers marked A, B, C and D. Choose one best answer and blacken the corresponding letter on the Answer Sheet.

　　Passage One

　　In ancient times wealth was measured and exchanged in things that could be touched: food, tools, and precious metals and stones. Then the barter system was replaced by coins, which still had real value since they were pieces of rare metal. Coins were followed by fiat money, paper notes that have value only because everyone agrees to accept them.

　　Today electronic monetary systems are gradually being introduced that will transform money into even less tangible forms, reducing it to a series of “bits and bytes”, or units of computerized information, going between machines at the speed of light. Already, electronic fund transfer allows money to be instantly sent and received by different banks, companies, and countries through computers and telecommunications devices.

　　61. Which of the following would be the most appropriate title for the passage?

　　A. International Banking Policies B. The History of Monetary Exchange

　　C. The Development of Paper Currencies D. Current Problems in the Economy

　　62. According to the passage, which of the following was the earliest kind of exchange of wealth?

　　A. Bartered foods B. Fiat money C. Coin currency D. Intangible forms

　　63. The author mentions food, tools and precious metals and stones together because they are all ________.

　　A. useful items B. articles of value

　　C. difficult things to obtain D. material objects

　　64. According to the passage, coins once had real value as currency because they ______.

　　represented a great improvement over barter

　　permitted easy transportation of wealth

　　were made of precious metals

　　could become collector’s items

　　65. Which of the following statements about computerized monetary systems is NOT supported by the passage?

　　They promote international trade.

　　They allow very rapid money transfers.

　　They are still limited to small transactions (交易).

　　They are dependent on good telecommunications systems.

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