You are in free guest mode.
Timed Practice
Revision List
Attempt History
Progress Tracking
Create a free account to unlock these tools
Practice Reading: Fill in the Blanks (Dropdown)
ID: #38007
Ordinary citizens
* Select the correct answer into all dropdown fields. You need to answer all questions before clicking verify button.
One somewhat strange facet of modern life is. despite the fact that everybody uses money and it's a vital of all our lives, surprisingly few of us understand the least little bit about financial systems and economics. Most people are quite simply clueless. Hence people become extremely angry and likely to behave in wholly ways when it comes to the subject of defaults and bailouts. First of all, a default is not a get out of jail free card. It does not mean that the debts owed by a bank in a bank default or by a nation in a default simply disappear. They do not. The other key misconception is with regards to bailouts. It is true that government or international bailouts use taxpayers' money to rescue banks and nations. However, this money is not given away. They are loans with interest that create profits for those that supply the money. There is also a that allowing a bank to default will simply be hitting the rich in their pockets and therefore banks should be allowed to go to the . But the banking sector is an economic in every country worldwide. If people lose confidence in a nation’s banks, it will have a major effect on the economy and will hurt ordinary citizens far more than it will the rich.
Result:
With a free account:
Retry and compare every attempt.
How difficult was this question?
Others found:
100% Easy · 0% Medium · 0% Hard
Saving...