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Practice Reading: Fill in the Blanks (Dropdown) ID: #34336 Financial Institutions
Instructions ›
Below is a text with blanks. Click on each blank, a list of choices will appear. Select the appropriate choice for each blank.
The  economic    of  globalization  involves  international  financial    i.e.  the  IMF  &  WB.  Stabilization  and  adjustment  are  sponsored  by  the  two  respectively  and  are  rooted  in  the  ideology  of  the  free  market.  At  the  other  end  of  the  spectrum,  protesters  see  globalization  in  a  very  different  light  than  the  treasury  secretary  of  the  United  States,  or  the  finance  or  trade  ministers  of  most  of  the  advanced  industrial  countries.  The  difference  in    is  so  great  that  one  wonders  are  the  protesters  and  the  policy  makers  talking  about  the  same  ?  Are  they  looking  at  the  same  data?  Are  the  visions  of  those  in    are  so  clouded  by  special  and  particular  ?

Result:

AI explanationShows the answer. Tap to open.
Correct answer: height

Explanation: The term 'height' is used here to describe the extent or level of globalization, fitting grammatically as a noun that conveys a measurable aspect of economic globalization. It aligns contextually with the idea of discussing the scale or impact of globalization.

Meaning: In this context, 'height' refers to the level or degree of something, indicating how significant or extensive globalization is in economic terms.

Wrong options:

  • height: Incorrect as it is the correct answer.
  • width: Width refers to the measurement across something, which does not apply to the concept of globalization in this context.
  • dimension: Dimension implies a measurable extent but is less commonly used to describe the extent of globalization compared to 'height.'
  • length: Length typically refers to a measurement of distance, which does not accurately describe the concept of globalization.
Correct answer: institutions

Explanation: The word 'institutions' is appropriate here as it refers to established organizations that play a crucial role in international finance, fitting grammatically as a plural noun that matches the context of discussing entities involved in globalization.

Meaning: 'Institutions' refers to organizations or systems that govern or facilitate financial activities on a global scale, such as the IMF and World Bank.

Wrong options:

  • institutions: Incorrect as it is the correct answer.
  • companies: Companies refer to business entities, which do not encompass the broader role of financial governance implied here.
  • bridges: Bridges are physical structures and do not relate to the financial context of globalization.
  • counters: Counters are typically used for counting or measuring, which does not fit the context of financial entities.
Correct answer: views

Explanation: The term 'views' is suitable as it refers to opinions or perspectives, fitting grammatically as a plural noun that aligns with the context of differing opinions on globalization.

Meaning: 'Views' means the opinions or perspectives held by different groups regarding globalization, highlighting the contrast between protesters and policymakers.

Wrong options:

  • views: Incorrect as it is the correct answer.
  • sight: Sight refers to the ability to see, which does not apply to the context of opinions or perspectives.
  • vision: Vision implies a broader or future-oriented perspective, which is not as precise as 'views' in this context.
  • outlook: Outlook suggests a general attitude or perspective but is less commonly used than 'views' to describe differing opinions.
Correct answer: phenomenon

Explanation: The word 'phenomenon' is appropriate as it refers to an observable event or situation, fitting grammatically as a noun that captures the essence of globalization being discussed.

Meaning: 'Phenomenon' refers to an observable occurrence or situation, in this case, globalization, which can be interpreted differently by various groups.

Wrong options:

  • phenomenon: Incorrect as it is the correct answer.
  • incident: Incident refers to a specific event, which does not encompass the broader concept of globalization.
  • event: Event implies a particular occurrence but lacks the depth of meaning that 'phenomenon' conveys in this context.
  • fact: Fact refers to something that is known to be true, which does not capture the subjective interpretations of globalization.
Correct answer: power

Explanation: The term 'power' is fitting as it refers to the ability or capacity to influence, aligning grammatically as a noun that matches the context of discussing those who hold influence in policy-making.

Meaning: 'Power' refers to the ability or authority to influence decisions and actions, particularly in the context of political or economic matters.

Wrong options:

  • power: Incorrect as it is the correct answer.
  • influence: Influence refers to the capacity to have an effect on someone or something, but does not convey the authority implied by 'power.'
  • rule: Rule suggests control or governance but does not capture the broader concept of influence in this context.
  • control: Control implies direct management or regulation, which is narrower than the concept of power.
Correct answer: interests

Explanation: The word 'interests' is appropriate as it refers to the concerns or stakes of individuals or groups, fitting grammatically as a plural noun that aligns with the context of discussing motivations behind perspectives on globalization.

Meaning: 'Interests' refers to the personal or group stakes and concerns that influence opinions and actions, particularly in the context of economic and political matters.

Wrong options:

  • interests: Incorrect as it is the correct answer.
  • welfare: Welfare refers to the health and well-being of individuals or groups, which does not capture the motivations behind differing views on globalization.
  • benefit: Benefit implies an advantage or profit, which is too narrow to encompass the broader motivations indicated by 'interests.'
  • good: Good refers to something positive or beneficial, which does not accurately reflect the motivations or stakes involved in the context.

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