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Business English Exercises
 

The Southeastern European Economies

Answers to test questions and links to explanations

Home > Teaching Business English > Business English Lessons, Advanced Level # 125
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the southeastern european economies answer 1
In an address to the Second International Banking Forum, Panayotis Thomopoulos states that the southeastern economies are turning the corner and can now start enjoying the benefits of stability and growth within the European Union.

Correct answer: (a) corner

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the southeastern european economies answer 2
Greece will continue to make a positive contribution to the economies of the region, but he admits that he draws comfort from the fact that Greece is now surrounded by open, dynamic economies.

Correct answer: (a) draws

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the southeastern european economies answer 3
The recent appreciation of the euro is an indication of the markets' confidence in our economies.

Correct answer: (a) appreciation

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the southeastern european economies answer 4
There have been of course problems, especially in the European insurance sector, exacerbated by natural catastrophes, but all financial institutions have managed through.

Correct answer: (c) exacerbated

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the southeastern european economies answer 5
Nonetheless, such problems, whenever they surfaced, were contained and did not have systemic repercussions that could threaten the macroeconomic stability of our economies.

Correct answer: (b) contained

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the southeastern european economies answer 6
As a result of not very prudent policies, the significant losses of insurance and re-insurance companies in the last few years have been partly absorbed by the banking sector.

Correct answer: (c) prudent

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the southeastern european economies answer 7
The banking sector in some countries has unwillingly assumed the responsibility for the well-being of the financial sector as a whole, because it understands the danger of systemic risks, which can wreak havoc.

Correct answer: (a) wreak

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the southeastern european economies answer 8
With the help of the central banks, the private sector has become more adept in dealing with risks and the supervisors have learned from the mistakes of the past and improved their vigilance.

Correct answer: (a) adept

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the southeastern european economies answer 9
The new practices to be introduced will further improve our ability to deal with financial risks and better tailor our requirements to each market's special needs.

Correct answer: (d) tailor

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the southeastern european economies answer 10
Looking at the developments in the Southeastern Balkans themselves, the present situation is a far cry from the bleak picture at the early stages of transition more than a decade ago.

Correct answer: (b) cry

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