Risk

Question 1

When you fail to pay back money you borrowed to buy a house or apartment , you __________

Accepted Answer

default on yuour mortgage

Question 2

If you have to officially state that you do not have enough money to pay your debts, you______.

Accepted Answer

file for bankruptcy

Question 3

When a company is in a bad financial situation, another company might _______

Accepted Answer

bail them out

Question 4

a system of reducing public spending

Accepted Answer

austerity (n)

Question 5

A period of time when banks are not willing to lend much money is called a _________________

Accepted Answer

credit crunch

Question 6

When it is in decline, governments usually try to ________ so it improves.

Accepted Answer

stimulate the economy

Question 7

An economic decline over a period of several months or more is a ______

Accepted Answer

recession

Question 8

becoming weaker

Accepted Answer

flagging (adj)

Question 9

A _________´s job is to make sure that companies or organizations follow systems and rules.

Accepted Answer

regulator

Question 10

have just enough money to pay for the things you need

Accepted Answer

make ends meet (phrase)

Question 11

A ______________ occurs when demand to buy accommodation and related prices are high.

Accepted Answer

housing bubble

Question 12

the practice of spending money carefully and avoiding waste

Accepted Answer

thrift (n)

Question 13

an attempt to achieve something

Accepted Answer

bid (n)

Questions 13