University of International Business and Economics 8.retreat撤退，退却。 He retreated from the public's eye. 9.verdict裁决，决定， 意见。ly wife's verdict on my cooking was very favourable. IO.distill吸取，提取。These are useful advice distilled from a lifetime's experience. 11.liquidity 流动性，清偿能力 12.fare进展，过日子。How did you fare while you were abroad? 13.Paul Volcker1979-1987期间任美联储主席，为治理严重的通货 膨胀，他连续三次提高官方利率，实施紧缩的货币政策。这一政 策的结果是美国出现高达两位数的官方利率和20%的市场利率， 短期实际利率（扣除通货膨胀后的实际收益率）从1954年一1978年 间平均接近零的水平，上升到1980年一1984行孝 15University of International Business and Economics 8. retreat 撤退，退却。 He retreated from the public’s eye. 9. verdict 裁决，决定，意见。My wife’s verdict on my cooking was very favourable. 10. distill 吸取，提取。These are useful advice distilled from a lifetime’s experience. 11. liquidity 流动性，清偿能力 12. fare 进展，过日子。 How did you fare while you were abroad? 13. Paul Volcker 1979-1987期间任美联储主席，为治理严重的通货 膨胀，他连续三次提高官方利率，实施紧缩的货币政策。这一政 策的结果是美国出现高达两位数的官方利率和20%的市场利率， 短期实际利率 (扣除通货膨胀后的实际收益率 ) 从1954 年—1978 年 间平均接近零的水平，上升到1980 年—1984年间的3%—5%