America's Treasury - Marvel EDU

Loading question...

You are in free guest mode. Timed Practice Revision List Attempt History Progress Tracking Create a free account to unlock these tools

Prev Next

Practice Listening: Fill in the Blanks (Type In) ID: #35281 Medium America's Treasury

Instructions ›

You will hear a recording. Type the missing words in each blank.

* Fill in the missing words into the blank fields

When the time comes, its peers should follow suit. Of these, the European Central Bank faces the trickiest , because it has acted as, in effect, the backstop to euro-zone bond markets, a that otherwise the currency bloc still lacks. But the main safety valve lies elsewhere, with banks and investors. Bitter experience has shown that debt-funded assets can losses, causing financial crises. For this reason banks must be able to withstand any reversal of today's high asset prices and low defaults. That means raising bank capital in places where it is too low, the euro zone, and not backsliding on strenuous “stress tests” as America's Treasury proposes. In the end, however, there may be no escape for investors from the low future returns and even losses that high asset prices imply. They and should take a leaf out of “The investor."

Result:

AI explanationShows the answer. Tap to open.

Correct answer: challenge

Explanation: Listen for "faces the trickiest challenge". The word comes after "the", so you need a word for a thing.

Meaning: "challenge" means a difficult problem here.

Wrong options:

chalenge: It leaves out the "l". The right spelling is "challenge". Every letter must be correct to get the mark.
changes: "changes" has a different meaning. The sentence needs a difficult problem.

Correct answer: mechanism

Explanation: On the recording you hear "a mechanism that otherwise". It comes after "a", so you need a word for a thing.

Meaning: "mechanism" means a system or method that works to do something.

Wrong options:

mechanisim: It adds an extra "i". The right spelling is "mechanism". Every letter must be correct to get the mark.
mechanics: "mechanics" is a close word, but it ends in "cs". The speaker says "mechanism", which ends in "sm".

Correct answer: magnify

Explanation: Listen again to "assets can magnify losses". You need an action word, it ends in fy.

Meaning: "magnify" means to make something bigger or worse.

Wrong options:

magnifiy: It adds an extra "i". Write "magnify". Only the exact spelling gets the mark.

Correct answer: especially

Explanation: Here you hear "too low, especially the euro zone". You need a word that gives extra focus, it ends in ly.

Meaning: "especially" means more so for this particular case.

Wrong options:

especialy: It leaves out the "l". Check the letters: "especially". A small spelling mistake loses the mark.
specially: "specially" means for a special purpose. The sentence needs a word for extra emphasis.

Correct answer: regulators

Explanation: The speaker says "They and regulators should take". You need a word for people, more than one, so add s.

Meaning: "regulators" means people who make rules and check banks and firms.

Wrong options:

regualtors: Two letters are in the wrong order. The right spelling is "regulators". Every letter must be correct to get the mark.
regulator: "regulator" has no "s" at the end. The speaker says "regulators", so write the "s".

Correct answer: intelligent

Explanation: You hear "The intelligent investor." A describing word comes before investor.

Meaning: "intelligent" means smart or showing good judgment.

Wrong options:

inteligent: It leaves out the "l". The right spelling is "intelligent". Every letter must be correct to get the mark.
intensive: "intensive" is a different word. The sentence needs the idea of being smart.

The rest of this explanation is for members. Sign in free to read why the other options are wrong, key words and tips.

With a free account: Retry and compare every attempt.

Be the first! No community answers here yet. Submit yours and help others learn.

Saving...