25. Kiel institute of World Economics has found the evidence for
A short-term fluctuation of demand for money following German unification.
B long-run relationship between money supply growth and inflation.
C stable long-run demand for money.

26. Money supply growth will .
A help increasing the government bonds.
B increase the public debt.
C help financing of government debt.

27. Explanation of excessive money supply from the Bundesbank representatives is based on
A the fact that monetary capital grew at a lower rate.
B the shifts between money and money capital. .
C the expansion of credit which has been driving money supply growth.

28. The speaker worries about the money supply because
A it is used in productive capacity.
B it is used mainly in machinery and equipment.
C it is used in bousing constriction and consumption.

29. Bank credit rising is mainly caused by
A money supply.
B public debt.
C German domestic savers.

30. Internal liabilities are increased in mainly by
A big investment.
B office consumption.
C finance transfers to East Germany.

一. 阅读部分
PART ONE
1. D 2. A 3. B 4. D 5. C 6. C 7. A
PART TWO
8. B 9. D 10. H 11. G 12. C
PART THREE
13. D 14. G 15. C 16. A 17. A 18. G 19. D 20. C
PART FOUR
21. D 22. B 23.A 24. D 25. A 26.C 27.B 28. C 29.B
30. A 31. A 32.C 33. C 34. D 35.B

PART FIVE
Section A
36. most是多余,应删掉.
37. one是多余,应删掉.
38. those是多余,应删掉.
39. dollars 是多余,应删掉.
40. 没有多余的词.

Section B
41. their应改为its
42. though应改为through
43. other应改为another
44. height应改为high
45. weights 应改为weighs

二.写作部分
PART ONE
Question 46
(Sample for reference)
To : Emily
As on one in the office has been to Italy, it will be a good idea to visit it. We may stay in the Grand Palazzo Hotel and the telephone is 809. 775. 3333. Please contact them to get further information.

PART TWO
Question 47
(Sample for reference)
How to improve Quality Management System with limited capitals? That is the key to
success. After careful study of IBI Inc 'our main competitor ,we find that they spend some money in Customer Service and Vender inspections which are vital to Quality Management. As we know, softwares are developed quickly. Customers and venders know clearly what they need. Therefore, we should develop programmes based on information through Customer Service and Vender inspections. Another fact with our attention is that although IBI Inc.'s Plant productivity is not high, they can sell out their new, high-quality softwares quickly as they have a very good Quality Control System. Therefore, we should adjust the capitals.