5. Work with vocabulary. Identify the words and word combinations from the previous exercise by the context provided.

1. Most British banks deny that it is an especially "stressful" time for them - in the technical sense that, all but one to whom I've spoken in the past 24 hours insist they have the cash or ___________ they need right now. The one bank that was a bit more frank that access to _________ is an issue insists that the Bank of England's new and unconventional scheme to provide cash - the Extended Collateral Term Repo - will rectify things. (n)

2. A. "Calculating the value of a hedge fund, especially those dealing in illiquid or hard-to-value assets, is not an exact science, especially when it is done to a deadline earlier than a formal net asset value (NAV) is struck in order to file a report to a commercial database provider. Investors in hedge funds know this very well, and indeed they can be further reassured that regulatory requirements around the marketing of performance _____________ are very strict in this field". B. The analysis, by consultancy firm Oxford Economics, comes on the day we learn that nearly 41,000 jobs have been lost in Northern Ireland in just four years. All the main parties at Stormont favour reducing corporation tax. Proponents of the cut say revenue lost to Stormont will not be lost to the local economy because businesses will reinvest their surplus profits. Furthermore, they argue, the reduced tax rate will attract new foreign investment and the overall tax take may, over time, increase. Invest NI is backing a reduction. It argues that Northern Ireland's _________ for winning inward investment is good, in a UK context, but on a per capita basis the Republic secures 2.5 times the amount. (2 words)

3. An appliance call centre firm is hiring 250 staff in Nottingham due to increased demand for warranties. A firm spokesman said the ________ had boosted business because people were more cautious about their money and wanted to look after their appliances. (n)

4. We all know the bearish arguments for the consumer discretionary sector. Higher interest rates, flat real wage growth, high gas prices, ARM's adjusting for many home owners, etc. While I agree these are all issues facing the U.S. consumer, I don't think we should slash every ______________________ ‘s stock price by a third. One must be selective, but there are companies out there that aren't doing as poorly as their stock prices indicate, and shouldn't later this year or next year either. (3 words)

5. What is an ___________ ? It is a fee that mutual fund companies subtract from your investments each year for their service. Can that small fee have such a big impact on long-term investment performance? The answer is a resounding YES — high __________ could eat up to 50% of your gain — given enough time, high _____________ mutual funds can cripple your investment growth potential. (2 words)

6. We would consider it an unfair practice to buy _________ goods from distressed people. (adj)

7. The diet, named after its inventor, the late Dr. Robert Atkins, has seriously dented the sales of many supposedly unassailable food brands, catching the industry's biggest names on the hop. Anglo-Dutch consumer goods titan Unilever has also felt the pinch, pointing the finger at Atkins after sales of its Slim Fast range of low-calorie foods plummeted last year. The diet has even slashed sales of that most basic __________, the potato. Last year, the British Potato Council launched a publicity campaign under the slogan "Fab not fad" in an effort to reverse a 10% sales slump in 2002. (2 words)

8. Our technologically advanced ________ firm has built robust, performance engineered trading solutions through innovation, precision, transparency, and a client-centered vision. (n)

9. Shares in Australia's largest carrier fell 8.5% to 97 cents, before recovering slightly to 99 cents. Qantas said this week that profits could drop by 90% because of mounting losses on international routes. The airline has struggled with slowing demand and higher fuel prices. Qantas shares have fallen by nearly a third in four days of losses. That has wiped 1bn US dollars off its ________________ from $3.2bn (£2.01bn) to $2.2bn, according to data compiled by the Bloomberg news agency. On Tuesday, Qantas said that international losses would reduce the airline's profit this financial year to as low as A$50m ($48.6m; £31.6m). The company blamed the worsening aviation landscape because of the European economic crisis, and its "highest ever jet fuel bill". (2 words)

10. The data adds to concern that Germany, the eurozone's engine of growth, is feeling the effects of the debt crisis. This month's Ifo index measure of the business climate was 105.3, down from 106.9 last month, and the lowest reading for more than two years. The measure of expectations was 97.3, down from 100.8 in May, and back to where it was at the end of last year, during the last period of extreme market _________. Manufacturers in particular were far more cautious about the future, especially over future demand for their goods from abroad. (n)

11. India's government has agreed to open up its stock market to individual foreign investors in an attempt to boost demand and liquidity. Previously, foreigners interested in investing in India did not have direct access to the market except via __________. Following the rule change, foreign investors will be able to directly buy and sell shares in the market. (2 words)

12. By owning an ________, you get the diversification of an index fund as well as the ability to sell short, buy on margin and purchase as little as one share. Another advantage is that the expense ratios for most ___________s are lower than those of the average mutual fund. When buying and selling ________s, you have to pay the same commission to your broker that you'd pay on any regular order. (3 words)