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- Several companies during the recession were not able to pay their bills because they lacked the funds to do*^*so.
Question 1:
Several companies during the recession were not able to pay their bills because they lacked the funds to do*^*so. When a company is in this type of situation and petitions the courts to absolve the company of its debt, it is*^*attempting to go ........ A. public
B. green
C. bankrupt
D. reverse mortgage
These questions are from this test. Would you like to take a practice test?
Recession and Financial Terms (1) | C1 – Advanced
- 10 minutes
- 10 questions
Some questions from the same exam
- Several American companies would have gone bankrupt if the government hadn't ....... them out during the*^*recession. The government made sure these companies would be able to survive by giving them money.
- When the prices of goods fall on a national level because of a decrease in demand, ....... is occurring.
- America was hit pretty hard by the recent ........ Many companies went out of business, lots of citizens lost their*^*jobs, and housing prices fell in most areas.
- If the buying power of money decreases because of rising prices on a national level, the country in which this*^*situation is occurring is experiencing ........
- America, England, Canada, and many other countries are ....... countries. This means that their economic*^*system is based on private ownership of resources and goods and services are exchanged in a free market.
- If someone is expected to make a payment on a loan and fails to do so, that person is said to have ....... on his*^*or her payments.
- During the recession, many ....... occurred. When people lost their jobs and couldn't pay their mortgages any*^*longer, they lost their houses to the banks who owned them until the houses were paid-off in full.
- A depression is one type of economic ........ If any type occurs, a nation's government will step in to attempt to*^*correct the situation and preserve economic stability.
- Several companies during the recession were not able to pay their bills because they lacked the funds to do*^*so. When a company is in this type of situation and petitions the courts to absolve the company of its debt, it is*^*attempting to go ........
- When a country's government takes ownership of an industry or asset from the private sector this is called*^*........*^*
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