Published by Kovács Áron on 2024-02-14 Categories Egyéb Tags Report a question What's wrong with this question? You cannot submit an empty report. Please add some details. 12345678910 Recession and Financial Terms 1 Advanced English practice 10 multiple-choice questions If you log in, you will get the results via email. Category: advanced 1. Several American companies would have gone bankrupt if the government hadn't .......... them out during the recession. The government made sure these companies would be able to survive by giving them money. bailed shut closed cleaned Category: advanced 2. When the prices of goods fall on a national level because of a decrease in demand, .......... is occurring. inflation a capital movement ignition deflation Category: advanced 3. America was hit pretty hard by the recent .......... Many companies went out of business, lots of citizens lost their jobs, and housing prices fell in most areas. expansion diversification recession capital improvements Category: advanced 4. If the buying power of money decreases because of rising prices on a national level, the country in which this situation is occurring is experiencing .......... . deflation inflation growth expansion Category: advanced 5. America, England, Canada, and many other countries are .......... countries. This means that their economic system is based on private ownership of resources and goods and services are exchanged in a free market. agrarian communist socialist capitalist Category: advanced 6. If someone is expected to make a payment on a loan and fails to do so, that person is said to have .......... on his or her payments. defaulted deflated capitalized inflated Category: advanced 7. During the recession, many .......... occurred. When people lost their jobs and couldn't pay their mortgages any longer, they lost their houses to the banks who owned them until the houses were paid-off in full. credits indentures foreclosures purchases Category: advanced 8. A depression is one type of economic .......... . If any type occurs, a nation's government will step in to attempt to correct the situation and preserve economic stability. growth accomplishment system crisis Category: advanced 9. Several companies during the recession were not able to pay their bills because they lacked the funds to do so. When a company is in this type of situation and petitions the courts to absolve the company of its debt, it is attempting to go .......... . bankrupt reverse mortgage green public Category: advanced 10. When a country's government takes ownership of an industry or asset from the private sector this is called privatization nationalization globalization diversification Your score is The average score is 0% LinkedIn Facebook Twitter Restart quiz Share0 Kovács Áron Comments are closed.