Section One Directions: In this
section, you will hear ten short statements. Each statement will be spoken only
once. After each statement, there will be a pause. During the pause, you must
read the four suggested answers marked A, B, C and D, and decide which is the
best answer.
A.The discount rate and the stock prices move in the same direction. B.The discount rate and the stock prices move in the adverse directions. C.When the Fed raises stock prices, the discount rate is likely to move downward. D.When the Fed lowers stock prices, the discount rate tends to rise.