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Business English Exercises
 

The Cayman Islands

Answers to test questions and links to explanations

Home > Teaching Business English > Business English Lessons, Advanced Level # 419
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the cayman islands answer 1
The Cayman Islands are often presented in an unwarranted negative light, but we would like to dispel this image by highlighting the nation's participation in the war against the financing of terrorism and money laundering.

Correct answer: (a) dispel

Meaning of business term dispel
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the cayman islands, question 1 the cayman islands, taxes terms dispel, ward, confiscate, by, robust, what does dispel mean?

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the cayman islands answer 2
Although they are sometimes still called "the islands that time forgot", the Caymans have advanced considerably from the use of smudges to ward off the mosquitos.

Correct answer: (c) ward

Meaning of business term ward
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the cayman islands, question 2 terms of stock in, imbalance, information, balloon, what does ward mean? what is the definition for ward?

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the cayman islands answer 3
Less than twenty years after the opening of the country's first bank, the Misuse of Drugs Law was passed, and incorporated within it is the power to seize and confiscate laundered assets and money from drug trafficking.

Correct answer: (a) confiscate

Meaning of business term confiscate
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the cayman islands, question 3 taxes terms prime, consumption, secured, tear, direct, what does confiscate mean?

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the cayman islands answer 4
As early as 1989, the Cayman Islands Bankers Association promulgated a Code of Practice, and its member banks were required to abide by it.

Correct answer: (a) by

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the cayman islands, question 4 technical analysis words council, process, london, what does by mean? what is the definition for by?

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the cayman islands answer 5
In 2001, in spite of the fact that this Code of Practice and robust due diligence requirements were in place, the Cayman Islands was placed in its first list of Non-Cooperative Countries & Territories by the Financial Action Task Force.

Correct answer: (c) robust

Meaning of business term robust
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the cayman islands, question 5 trading words classified, return on, infringement, what does robust mean? what is the definition for robust?

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the cayman islands answer 6
A main reason for Cayman's inclusion on this list was the lack of legislative teeth in covering the practices of the industry and the consequent paucity of prosecutions.

Correct answer: (d) teeth

Meaning of business term teeth
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the cayman islands, question 6 the cayman islands, venture capital words aversion, aftermath, backdrop, held, what does teeth mean?

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the cayman islands answer 7
The International Monetary Fund in 2006 released its evaluation of the Cayman Island's regulation and monitoring of its financial sector, a report which was based on information gleaned from the IMF's 2005 visit.

Correct answer: (a) gleaned

Meaning of business term gleaned
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the cayman islands, question 7 accounting terminology transcend, vindicating, shaping, what does gleaned mean?

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the cayman islands answer 8
This assessment indicates that, although there is room for improvement, the Caymans appear to be holding their own in the war against illegal money, especially considering the relative newness of their financial institutions.

Correct answer: (c) own

Meaning of business term own
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the cayman islands, question 8 list of bonds words long, invoked, borne, corners, what does own mean? what is the definition for own?

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the cayman islands answer 9
It is less easy to purchase an annuity or real estate, establish a company or a trust, or open a bank account in the Cayman Islands than it is in many other jurisdictions.

Correct answer: (c) an annuity

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the cayman islands, question 9 lending credit vocab impact, deterrence, what does an annuity mean? what is the definition for an annuity?

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the cayman islands answer 10
The Cayman Islands are extremely pleasant to visit, but we welcome only those who intend to bring and operate legitimate businesses to and within its shores.

Correct answer: (c) shores

Meaning of business term shores
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the cayman islands, question 10 mergers acquisitions words commensurate, what does shores mean? what is the definition for shores?

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EFL/ESL Links: Textualism • Currency vocab docket, adherence, ascribe, insofar, aversion • Textualism (Answers) • List of bonds words long, invoked, borne, corners • Public International Law • Banking term list high, amicus, adjudicate, integrity, undue • Public International Law (Answers) • Accounting terminology transcend, vindicating, shaping • Emerging Markets • Investor relations terms windows, landing, up, toll, spike • Emerging Markets (Answers) • Venture capital words aversion, aftermath, backdrop, held • Retaining Minority Control • Business words of record, firm, ex, gaijin, reserve • Retaining Minority Control (Answers) • Trading words classified, return on, infringement • The Employment Act of 1946 • Insurance vocabulary borrowed, efficiency, exclusion • The Employment Act of 1946 (Answers) • Technical analysis words council, process, london • Bear Stearns • Terms of economy conforming, straight, depositary, waiver, improvement • Bear Stearns (Answers) • Taxes terms prime, consumption, secured, tear, direct • The Uniform Commercial Code • Financial words perfect, actuary, nonmember, married • The Uniform Commercial Code (Answers) • Terms of stock in, imbalance, information, balloon • ESL test: The Cayman Islands • Terms of economy shores, annuity, own, gleaned, teeth • ESL Audio Online - English MP3 - English Pronunciation
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