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Business English Exercises
 

The Ukraine

Answers to test questions and links to explanations

Home > Teaching Business English > Business English Lessons, Advanced Level # 385
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the ukraine answer 1
With a booming economy and financial reformation underway, Ukraine is an increasingly attractive proposition for foreign investors.

Correct answer: (d) proposition

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the ukraine answer 2
After parliamentary elections, Yulia Tymoshenko and Yushchenko's political groups are expected to form a coalition in the next government; even after this outcome, it seems likely there will be regular bouts of political uncertainty, but Ukraine is still booming economically, with GDP rising year-on-year by 7.7%.

Correct answer: (b) bouts

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the ukraine answer 3
Although Ukraine is not a European Union (EU) candidate country, under the leadership of Yushchenko it is looking more towards the EU rather than Russia for its political and macroeconomic model.

Correct answer: (a) candidate

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the ukraine answer 4
The Orange Revolution at the end of 2004 came about as Yanukovych's victory in the presidential election sparked mass protests, resulting in the election re-run that was won by Yushchenko.

Correct answer: (a) about

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the ukraine answer 5
This event elevated Ukraine's global profile and is also seen as the starting point of the real interest shown by foreign investors in the country's financial services sector.

Correct answer: (a) elevated

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the ukraine answer 6
The Ukrainian hryvnia is not yet fully convertible, but is expected to be completely deregulated by the end of 2008.

Correct answer: (c) convertible

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the ukraine answer 7
Domestic and inter-bank payments in Ukraine are made through the real-time settlement system, called the System of Electronic Payments (SEP), which has been in place since the mid 1990s and is owned and operated by Ukraine's central bank, the National Bank of Ukraine.

Correct answer: (b) place

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the ukraine answer 8
Liquidity management remains a great challenge for banks and corporates in Ukraine: cash concentration structures are not regulated by Ukrainian laws and can be treated as inter-company lending, which is the sole prerogative of financial institutions.

Correct answer: (a) prerogative

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the ukraine answer 9
Presently, foreign banks may operate only representative offices or Ukrainian subsidiaries; this will open up more possibilities for the Ukrainian banks to develop new services and products, and to introduce a new advanced format of payments and cash management systems which are in particularly high demand from multinational clients.

Correct answer: (b) in

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the ukraine answer 10
Ukraine is currently in the process of acceding to the World Trade Organisation (WTO) and this will also mean increasing standardisation of the financial environment and will result in a more attractive environment for foreign investors.

Correct answer: (a) acceding

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