Part 6: Level 700-900 Test 3

Questions 1 through 4 refer to this article.

The Chinese government’s first ______ (1) of a bank in more than two decades is spooking lenders and investors. A Bloomberg index of Hong Kong-listed Chinese banks dropped to a ______ (2) on Monday after regulators assumed control of Baoshang Bank Co. citing “serious” credit risks. The fall of Baoshang has its roots in the _____ (3) transactions that China’s small banks use to work around rules that restrict them from lending to weak borrowers, as well as evade capital and provisioning requirements. The move will probably _____ (4) investor concerns about the true quality of lenders’ assets, according to China International Capital Corp.

Questions 5 through 8 refer to this email.

To: Natalie Johnson [natalie@supergreen.com]

From: info@eversgrocery.com

Subject: Grand Opening Sale

Dear Valued Customer:

Evers Grocery would like to invite you to the _____ (5) opening of our new store at 33rd Avenue andHighway 26 this weekend starting Friday at 6 a.m. Our new store will be open 24 hours a day, ______ (6) of holidays, for your convenience.

We’ve taken everything good about Evers and made it better. Our new store has an expanded producesection, a larger bakery, a new deli, and even a food court. Don’t forget to visit our natural foods department featuring organic and vegetarian food and products. Customers can also enter a drawing each day to win $500 worth of groceries. Drawings _____ (7) twicea day with winners announced at noon and 5 p.m.

Please visit our new location this weekend and enjoy special savings. You can also receive an additional10 percent off your final bill with our special coupon for preferred customers. Just print it out and give it to the cashier.

______. (8)

Sincerely,

Lee Hammond

Director Customer Service.

Questions 9 through 12 refer to this article.

US stocks recorded their second-best day of the year on Tuesday, rallying as hopes for a Federal Reserve rate cut _____ (9) and worries about an escalating trade war took a backseat. The Dow (INDU) finished the day up 512 points, or 2.1% — its best day since January 4. The Nasdaq closed 2.7% higher, erasing its losses after a steep ______ (10) on Monday that was driven by worries about tech regulation. The S&P 500 (SPX), meanwhile, ended up 2.1%. _______. (11)

Just last week, this picture looked substantially different. The trade war has put _____ (12) on equities. Proposed tariffs on Mexican imports to the United States are set to go into effect Monday. But investors brushed aside those fears. US markets opened higher, and those gains accelerated after Federal Reserve Chairman Jerome Powell said that the central bank was closely monitoring developments on the trade front.

From: Emily Eastwood [emily@forthekids.com]

To: Arthur DeWitt [art@citygazette.com]

Subject: Advertisement

Attachment: forkids.psd

Dear Mr. DeWitt,

Thank you for your help on Thursday. It was nice ____ (13) you. I’d like to submit my advertisement to _____ (14) for two weeks from September 2-17. As you said, the discounted price for non-profit organizations for a quarter page, two-week ad is $353.80. _______ (15) so I can send you a check. Attached is our advertisement in a Photoshop file format. Please let me know if you have any problems with the ad. I would like to update it next week as the show approaches. I’m looking forward to seeing our ad next Friday. If you are available on Sunday, Sept. 17, I’d like to invite you to our show.

Have a great week.

Yours truly,

Emily Eastwood

———————————————————————————————

(Attachment)

Children’s Fall Fashion Show*

Sunday, September 17 at 4 p.m.

City Galleria Lobby

_____ (16) will benefit the Children’s Hospital

Sponsored by For the Kids

*If your child would like to volunteer as a model, please contact Emily at 498-2983 for more information.