Text 4 Bankers have been blaming themsel

练习题库2022-08-02 23

问题 Text 4 Bankers have been blaming themselves for their troubles in public.Behind the scenes,they have been taking aim at someone else:the accounting standard-setters.Their rules,moan the banks,have forced them to report enormous losses,and it's just not fair.These rules say they must value some assets at the price a third party would pay,not the price managers and regulators would like them to fetch.Unfortunately,banks'lobbying now seems to be working.The details may be unknowable,but the independence of standard-setters,essential to the proper functioning of capital markets,is being compromised.And,unless banks carry toxic assets at prices that attract buyers,reviving the banking system will be difficult.After a bruising encounter with Congress,America's Financial Accounting Standards Board（FASB）rushed through rule changes.These gave banks more freedom to use models to value illiquid assets and more flexibility in recognizing losses on long-term assets in their income statement.Bob Herz,the FASB's chairman,cried out against those who"question our motives."Yet bank shares rose and the changes enhance what one lobby group politely calls"the use of judgment by management."European ministers instantly demanded that the International Accounting Standards Board（IASB）do likewise.The IASB says it does not want to act without overall planning,but the pressure to fold when it completes it reconstruction of rules later this year is strong.Charlie McCreevy,a European commissioner,warned the IASB that it did"not live in a political vacuum"but"in the real word"and that Europe could yet develop different rules.It was banks that were on the wrong planet,with accounts that vastly overvalued assets.Today they argue that market prices overstate losses,because they largely reflect the temporary illiquidity of markets,not the likely extent of bad debts.The truth will not be known for years.But bank's shares trade below their book value,suggesting that investors are skeptical.And dead markets partly reflect the paralysis of banks which will not sell assets for fear of booking losses,yet are reluctant to buy all those supposed bargains.To get the system working again,losses must be recognized and dealt with.America's new plan to buy up toxic assets will not work unless banks mark assets to levels which buyers find attractive.Successful markets require independent and even combative standard-setters.The FASB and IASB have been exactly that,cleaning up rules on stock options and pensions,for example,against hostility from special interests.But by giving in to critics now they are inviting pressure to make more concessions.36.Bankers complained that they were forced toA.follow unfavorable asset evaluation rulesB.collect payments from third partiesC.cooperate with the price managersD.reevaluate some of their assets.

选项 A.follow unfavorable asset evaluation rules
B.collect payments from third parties
C.cooperate with the price managers
D.reevaluate some of their assets.

答案 A

解析由题干关键词complained和were forced将信息定位于第一段最后两句，“银行抱怨会计准则设立者设立的规则迫使银行不得不报道大量的损失……”，也就是A选项的内容，选项的表达是对原文的同义替换。B项把首段尾句中的value改为collect进行了偷梁换柱。C选项干扰选项的设置来源于首段末句：Theserules…,not the price managers and regulators would like them to fetch。其中managers and regulators would like them to fetch是price的定语从句，命题人在C选项中玩了一个文字游戏，考查考生的断句能力。D选项reevaluate未提到，无中生有。【补充】该题的干扰选项设置出现了一点新意：以往命题人从未这么直接地考查过考生的断句能力。

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英语一研究生

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Text 4 Bankers have been blaming themsel

英语一研究生

研究生入学