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- I warned that the UK will need to adopt a far more focused and__________approach to trade, not unlike that of China or India, if it is to__________well after Brexit.
1) satisfied, greed
2) unassuming, barge in
3) fulfilled, barge in
4) ambitious, fare
5) content, attainAnswer – 4)
Explanation : ambitious, fare
Ambitious – having or showing a strong desire and determination to succeed.
- Rather than__________nonsense about China__________its currency, should be encouraging market forces to rebalance bilateral trade.
1) millpond, abusing
2) spewing, manipulating
3) obstruction, judging
4) hindrance, assimilating
5) barrage, reprimandingAnswer – 2)
Explanation : spewing, manipulating
- Eurozone politicians and Donald Trump’s administration in the United States are each blaming the other for the economic__________; and all are__________the euro.
1) abysmal, appealing
2) imbalance, blaming
3) alikeness, equality,
4) likeness, probability
5) criticism, similarityAnswer – 2)
Explanation : imbalance, blaming
- Trump’s administration, for its part, has__________Germany for exporting too much, and accused it of__________the euro.
1) dazzled, bettering
2) skittered, deserting
3) hacked, desolating
4) attacked, manipulating
5) cracked, isolatingAnswer – 4)
Explanation : attacked, manipulating
- Germany’s trade__________has little to do with the euro; which has become a convenient__________ – a stand-in for other policy mistakes.
1) lacking, sacrilegious
2) necessary, privileged
3) needing, essential
4) surplus , surplus
5) essential, wantingAnswer – 4)
Explanation : surplus , surplus
- Given the clear benefits of__________monetary policy, central bankers need to open their eyes to the possibilities that__________affords.
1) awkward, unity
2) unhandy, amity
3) lumbering, consanguinity
4) clumsy, creativity
5) nimble , flexibilityAnswer – 5)
Explanation : nimble , flexibility
- The__________wisdom holds that in order to return the inflation rate to a preferred level, any__________in the economy must be eliminated.
1) unrepresentative, taut
2) peculiar, stiff
3) prevailing, slack
4) devianting, fragile
5) heteroclite, rigidAnswer – 3)
Explanation : prevailing, slack
- The__________has become so universally accepted – and the model__________underpinning central banks’ decisions have become so complex – that few are willing to question it.
1) preternatural, consistent
2) divergent, exceptional
3) abnormal, different
4) paradigm ,simulations
5) aberrant, perpetualAnswer – 4)
Explanation : paradigm ,simulations
- Central banks do not completely deny the economic costs that these policies imply: __________in financial markets, financing gaps in funded pension systems, and deeper wealth inequality, to name just a few.
5) satiricAnswer – 3)
Explanation : exuberance
- Keynes never tired of arguing that monetary policy becomes ineffective if__________is sufficient to__________the expectations of consumers and investors.
1) sureness, grades
2) security, forced
3) definiteness, reinforce
4) uncertainty, destabilize
5) certainty, strengthenAnswer – 4)
Explanation : uncertainty, destabilize