Answer Key

Review

Part I

Fill in the missing words and expressions. The first letter prompt will help you fill in the right word or expression.

You answered 0 of 10 questions correctly in this part of the test.

  1. His career started to  [take] off in the 1990s, when he was promoted to the Sales Manager.
  2. I prefer to  [withdraw] money from my account using an ATM.
  3. You make a  [deposit] when you put money into your bank account.
  4. We have asked for 10%, but we do have a  [fallback] position if that is turned down.
  5. The unions suspended the strike until next week as a goodwill  [gesture] aimed at reopening negotiations with employers' organizations on ending the strike.
  6. The Australian mining company said it was facing  [bankruptcy] after discovering its mines might not have enough gold to pay back loans.
  7. Someone who teaches about trade between countries is a teacher of  [economics] .
  8. Of course, no bull market can last forever, and sooner or later a  [bear] market (in which prices fall) will come.
  9.  [Securities] may be represented by a certificate or, more typically, by an electronic book entry interest.
  10. They were  [insolvent] and could not find any money to pay for the redundancy package and any of their debts.

Part II

Chose the best word or phrase from the choices.

You answered 0 of 10 questions correctly in this part of the test.

  1. Eating pasta, potatoes and rice rather than meat and fish is  [economical] .
  2. Putting a  [debtor] in jail means that he can't earn money to pay back the money he or she owes.
  3. If you spend more money than you have in the bank, your account will be  [overdrawn] .
  4. The financial instruments whose price and value derive from the value of assets underlying them are [derivatives] .
  5. All the economic  [indicators] are positive.
  6. Using their Internet banking allows you to check your account  [balance] day or night.
  7. The practice of creating economic value in a firm by using financial instruments to manage exposure to risk is called [risk management] .
  8. It is a legally  [binding] contract so you can't get out of it.
  9. MidWest bank has made a strong  [recovery] from the dark days of the farm debt crisis.
  10. There is a  [deadlock] in the negotiations between employers and the train drivers', which is obviously bad news for the government.