Variant N1
I. Match the words with the definitions.

1) corruption a) the business of making goods in large quantities in
a factory
2) currency b) a person or company that supplies goods to shops
3) distributor c) illegal, bad, or dishonest behaviour, especially by
people in positions of power
4) production d) what a company produce
5) output e) the money that is used in a particular country at a
particular time
6) merger f) the condition of being extremely poor
7) poverty g) the state of having enough money or assets to pay
any that is owed
8) liquidity h ) when the companies combine to form one new
company

II. Complete each sentence with a word from the box.

distributor output liquidity merger
demand price manufacturers interest rate

1. Unfortunately, ........for our products raised a little last year.
2. They have lowered the.........of the product because the average customer
can't afford it.
3. The Bank of England has again lowered ......., this time from 5% to 4.5%.
4. ....... produce new goods from raw materials.
5. .......refers to how easily money can circulate.
6. For the past twenty years they have been the country's leading ......... of
household appliances.
7. According to a report by the Confederation of British Industry, factory ....... has risen in much of Britain over the past three months.

8. The boards finally approved the.........between the two energy groups.

III. Match ( 1-8) with ( a-h) to make sentences:

1. There is a scarcity of skilled workers
2. The new rates will affect all
consumers,
3. He’s been in business for five years,
4. Their prices are better than
5. Our business needed money so

6. You shouldn't borrow money if
7. We invoiced the client a month ago,
8. Can you lend me some money until

a) but has not yet turned a profit.

b) we borrowed from the bank.

c) any of their competitors.
d) you know you can't pay it back.
e) but he still hasn't paid us.
f) I get paid next week?
g) in the building sector.
h) including businesses.

IV. Put the words in the right order.
1. dangerously, the, grows, economy, When, fast, it, overheats, say, we
2. pay off, bank, into, the, 100 Euros, Each, put, I, month, my, loan, to,
3. between, of, There is, the, product, a, quality, relationship, and, cost, its, a
4. absolute, pure, means, A, monopoly, an, monopoly, or, complete
5. employees, are, for, workers, not, Freelance, company, a, but, self-employed, are

V. Choose the correct option a-c to complete the sentences.
1. General Motors........the world's biggest car company for nearly 40 years.
a) was b) has been c) is
2. I ..............to a trade fair until I went to the one in Las Vegas last month.
a) had never been b) never been c) have never been
3. He was dismissed even though, in his opinion, he ......anything wrong.
a) had done b) hadn't done c) hasn't done
4. By the time I'm 50, I.........a million dollars.
a) will make b) would make c) will have made
5. The price of petrol ....... down since last April.
a) has gone b) went c) had gone
6. By the end of the month I .........this project.
a) will finish b) will have finished c) will be finishing

VI. Complete each sentence with a verb in the correct form, - ing or to...
1. I don't mind ........ my coworkers with their assignments.
a) helping b) to help
2. Did the company promise........you a permanent contract?
a) giving b) to give
3. Could you keep ........on the report while I make some phone calls?
a) to work b) working
4. After hours of negotiating, we managed ........an agreement.
a) to reach b) reaching
5. I would prefer .......on my own.
a) to work b) working
6. We suggest........the manufacturer directly.
a) contacting b) to work

VII. Rewrite the sentences in the passive.
1. My assistant sent you the invoice last Monday.
The invoice........ to you by my assistant last Monday.
a) is sent b) was sent
2. They won't take a decision until the next meeting.
A decision .......... until the next meeting.
a) won't be taken b) will be taken
3. They have just adopted the annual budget.
The annual budget........by them.
a) was just adopted b) has just been adopted
4. The employees brought up this issue during the meeting.
This issue ...............by the employees during the meeting.
a) is brought up b) was brought up
5. We will deliver the goods immediately.
The goods .......immediately.
a) will be delivered b) will delivered

VIII. Underline the correct words.
1. If you will sell / sell more than you did last year you will earn more
money.
2. I would buy shares in that company if I would have / had some money.
3. Things are going well, and if we make / will make money this year, we
will reinvest it in the business.

IX. Translate the sentences from English into Russian.

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1. The market where employers buy workers' service for wages is called the
labour market.
2. One of the trade-offs we have to make in our lives is to find the right
balance between work time and leisure time.
3. Natural limits such as sleep and rest bring down the possible number of
working hours. We need some time to switch off from work, which also
decreases working time.
4. If the hourly rate increases, people want to work longer hours. This is
called the substitution effect. But the effect also has a limit.

X. A. Read this text

An Important Part of Financial Economics
International Finance is an important part of financial economics. It mainly
discusses the issues related with monetary interactions of at least two or more
countries. International finance is concerned with subjects such as exchange rates of
currencies, monetary systems of the world, foreign direct investment (FDI), and other
important issues associated with international financial management.
Like international trade and business, international finance exists due to the fact
that economic activities of businesses, governments, and organizations get affected
by the existence of nations. It is a known fact that countries often borrow and lend
from each other. In such trades, many countries use their own currencies.
The World Bank, the International Finance Corporation (IFC), the International
Monetary Fund (IMF), and the National Bureau of Economic Research (NBER) are
some of the notable international finance organizations.
International trade is one of the most important factors of growth and prosperity
of participating economies. It helps understand the basics of all international
organizations and keeps the balance intact among them. International finance
organizations, such as IMF, the World Bank, etc., provide a mediators’ role in
managing international finance disputes.
The existence of an international financial system means that there are
possibilities of international financial crises. This is where the study of international
finance becomes very important. To know about the international financial crises, we
have to understand the nature of the international financial system. Without
international finance, chances of conflicts and thereby, a resultant mess, is apparent.
B. Mark the sentences a) T ( True )

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b) F ( False)
c) NG ( Not Given )

1. International trade is one of the most significant factors of development and
richness of participating economies.
2. The existence of an international financial system means that there are
possibilities of regional financial crises.
3. A national account is a major account with a nationwide business.