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Expansionstandard — rule, basis, or guide for making a decision credit standard — demands made by the lender; a test for the capacity to replay a loan You must meet the bank's credit standards if you want a loan to project — to plan, guess in advance deficit — lack, shortage of money Your budget says you have $800, but your projected expenses are $ 9000. You're going to have a $100 deficit this month. reform — a change to make something better; a corrective change to impose — to make or force someone to do something The government imposed important economic reforms on the country. demanding — strict, severe; insisting that rules and regulations be followed exactly terms — requirements, demands The terms of the contract are very demanding. to devalue — to lower the rate at which one currency is exchanged for anther. The government of Mexico has decided to devalue the peso.
Supplementary Vocabulary
devaluation — lowering of the rate at which one-currency is exchange another The country has had three devaluations this year. strengthen — make stronger; opposite of weaken oil-rich — having a lot of oil (said of countries or regions)
Vocabulary Practice
Select the answer that correctly completes each sentence 1. Those countries need __________ financing to establish their programs of industrialization. a. outstanding b. weakening c. additional 2. The managing director __________ that the loan will be repaid in five years. a. projects b. imposes c. persuades 3. Bankers worry that the IMF is lowering its _______________. a. standards b. gross national product c. basic goods 4. Several countries have had to ______________ their currency recently. a. borrow b. devalue c. increase 5. Because of high payments for oil, many oil-poor nations face big ___________ their budgets. a. volumes b. deficits c. conditionality Text
Date: 2014-12-28; view: 1125
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