LCL 3272 Inglés 2

Test Unit 4: Money

2nd term - 2022
TEST UNIT 3: MONEY
This test assesses listening, reading and use of English, and accounts for 50% of grade 3.
You must answer this test individually and during class time.
This test has 56 points. You need 34 points to get a 4.0 (60%).
Name:
Date:
Parallel:

PART 1: LISTENING COMPREHENSION

I) You will listen to “How does the stock market work?” by Oliver Elfenbaum. Then, decide if
the following statements are True (T) or False (F). You will watch the video thrice. (1 point
each, 9 points total).

1. __t__gThe video mentions that in the 1600s the Dutch East India employed hundreds of ships to
trade goods around the world.
2. __f__g The company wanted to trade copper, clay, fruits, and animals.
3. ___t_ gIndividuals would invest money on the voyages (travels) in exchange for the ship's
profits.
4. _t___ bIn the video it is mentioned that Dutch East India didn't invent the first stock market (it
was another company).
5. __f__ gEven today it is very difficult to understand the Stock Market since there are no means
to study it.
6. ___t_ gA company first advertises itself to potential investors, depending on the result they make
the first investment and sponsor the IPO (initial public offering).
7. __f__ gAccording to the listening, buying stocks doesn't make investors partial owners of a
company.
8. __t_ bWhen investors think their stock value is going to decline, they buy more stocks.
9. _t___ gAccording to the listening, human confidence (trust) in the market can lead to economic
booms or financial crisis.

PART 2: READING COMPREHENSION

II) Read the following article about post-pandemic economic growth and then answer TRUE
or FALSE, based on the information provided by the text. (1 point each, 10 points total).

The Global Economy: on Track for Strong but Uneven

Growth as COVID-19 Still Weighs

June 8, 2021
Adapted from: www.worldbank.org
A year and a half since the start of the COVID-19 pandemic, the global economy is about to stage
its most robust post-recession recovery in 80 years in 2021. But the rebound is expected to be
uneven across countries, as major economies look set to register strong growth even as many
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Test Unit 4: Money
2nd term - 2022
developing economies lag.
Global growth is expected to accelerate to 5.6% this year, largely on the strength in major
economies such as the United States and China. And while growth for almost every region of the
world has been revised upward for 2021, many continue to struggle with COVID-19 and what is
likely to be its long shadow. Despite this year’s recovery, the level of global Gross Domestic
Product (GDP) in 2021 is expected to be 3.2% below pre-pandemic projections, and per capita
GDP among many emerging markets and developing economies is anticipated to remain below
pre-COVID-19 peaks for an extended period. As the pandemic continues, it will shape the path
of global economic activity.
The United States and China are each expected to contribute about one quarter of global growth
in 2021. The U.S. economy has been assisted by massive fiscal support, vaccination is expected
to become widespread by mid-2021, and growth is expected to reach 6.8% this year, the fastest
pace since 1984. China’s economy – which did not contract last year – is expected to grow a
solid 8.5% and moderate as the country’s focus shifts to reducing financial stability risks.
Lasting Legacies Growth among emerging market and developing economies is expected to
accelerate to 6% this year, helped by increased external demand and higher commodity prices.
However, the recovery of many countries is constrained by resurgences of COVID-19, uneven
vaccination, and a partial withdrawal of government economic support measures. Excluding
China, growth is anticipated
to develop at a more modest 4.4% pace. In the longer term, emerging markets and developing
economies will likely be affected negatively by the lasting legacies of the pandemic – erosion of
skills from lost work and schooling; a sharp drop in investment; higher debt burdens; and greater
financial vulnerabilities. Growth among this group of economies is forecast to moderate to 4.7%
in 2022 as governments gradually eliminate policy support.
Among low-income economies, where vaccination has lagged, growth has been revised lower to
2.9%. Setting aside the contraction last year, this would be the slowest expansion in two decades.
The group’s output level in 2022 is projected to be 4.9% lower than pre-pandemic projections.
Fragile and conflict-affected low-income economies have been the hardest hit by the pandemic,
and per capita income gains have been set back by at least a decade.
Regionally, the recovery is expected to be strongest in East Asia and the Pacific, largely due to
the strength of China’s recovery. In South Asia, recovery has been limited by serious renewed
outbreaks of the virus in India and Nepal. The Middle East and North Africa and Latin America
and the Caribbean are expected to post growth too shallow to counteract the contraction of 2020.
Sub-Saharan Africa’s recovery is expected to remain fragile given the slow pace of vaccination
and delays to major investments in infrastructure and the extractive sector.

Statement True/False
1. Low vaccination rates have slowed down economic recovery and growth.
2. Economic rebound has been even across the board.
3. As had been expected, all economies worldwide contracted during the pandemic
in 2020.
4. It has been forecast that the pandemic will set the tone for global economic
activity.
5. Austere fiscal support and widespread vaccination are some of the factors that
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Test Unit 4: Money
2nd term - 2022
have helped the US economy recover from the pandemic debacle.
6. Emerging markets are expected to grow less than 5% next year.
7. China is expected to grow at a modest 4.4% pace.
8. New COVID-19 outbreaks have halted the recovery of many countries.
9. The expansion of emerging markets where vaccination rates are low has been the
slowest pace in the last twenty years.
10. It has been predicted that Latin American countries will lead economic growth
in the foreseeable future.
PART 3: USE OF ENGLISH

III. VOCABULARY. FINANCIAL TERMS. Choose the concept that matches the definition
best. (1 point each, 7 points total).
1. "To give something, usually money, to someone with the expectation of it to be given back."
a) To borrow b) To owe c) To lend

2. "A type of bond in which the interest is related to an index, such as the Consumer Price Index."
a) Index-linked securities b) Inflated securities c) Indexation securities

3. "The amount of capital invested or owned by the owner of a company."

a) Equity stake b) Share c) Stock

4. "The part of the earnings of a company that is distributed to a class of its shareholders."
a) Share b) Dividend c) Stock

5. "A statement of what is likely to happen in the future."

a) Profit b) Net Revenue c) Forecast

6. "A person that is extraordinarily smart and successful, especially at a young age."
a) Wheeler kid b) Whizz kid c) Wacky kid

7. "An economic phenomenon in which a specific market experiences prolonged price decline."
a) Bear market b) Recession c) Downturn

IV. VOCABULARY. Choose the most appropriate preposition to complete each sentence.
You can use the same preposition more than once. (1 point each, 7 points total).

to – of – from – by – at

1. Inflation reached a new record ____of__ minus 6,6%.

2. Sales have increased ___at___ $2 million to $4,5 million.
3. The company’s debt stands ____to__ $2 million.
4. Gross revenue rose from $ 1 million ___from___ $2 million.
5. There has been a decline in sales for a total__at____ 2%.
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Test Unit 4: Money
2nd term - 2022
6. Inflation levelled off ____by__ 4%.
7. Our annual turnover decreased______at_ 25%.

V. GRAMMAR: PRESENT PERFECT SIMPLE VS PRESENT PERFECT CONTINUOUS.

Choose the correct verb tense for each sentence. (1 point each, 8 points total).

1. We ______ our stocks.

a) _____ have already sold b) _____ have already been selling
2. The cupcake market ______ in steady decline since last month.
a) _____ has been b) _____ has been being
3. Stock market sales ______ since the pandemic started.
a) _____ have fluctuated b) _____ have been fluctuating
4. Surprisingly, these bonds ______ a high level of return lately.
a) _____ have had b) _____ have been having
5. That broker ______ shares without proper authorization and making high profits.
a) _____ has recently sold b) _____ has recently been selling
6. The R&T luxury hotel group ______ able to pay its debt.
a) _____ hasn’t been b) _____ hasn’t been being
7. Rumor has it that our CEO ______ shady (illegal) deals in the stock market lately.
a) _____ has struck (made) b) _____ has been striking (making)
8. Where have you been? The shareholders ______ all morning demanding an explanation.
a) _____ have called b) _____ have been calling
9. Contrary to all projections, our profit margin ______ in the last quarter.
a) _____ has increased b) _____ has been increasing
10. Against our best advice, the client ______ in cupcake stocks for the past month.
a) _____ has invested b) _____ has been investing