Part 6: Level 700-900 Test 5

Questions 1 through 4 refer to this report.

From: Institutional Research Department

To: Chief Financial Officer

Market sentiment remains fragile ahead of the Group-of-20 summit, which some say could provide a breakthrough in stalled trade talks between the world’s two-largest economies. As traders have added _____ (1) on lower U.S. interest rates, Trump stepped up his criticism of Fed policy in tweets Tuesday, calling _____ (2) costs “way too high” amid “VERY LOW INFLATION.”

“Trade overwhelmingly is still something of a headwind because of the uncertainty, but monetary policy is starting to backfill a little bit and provide a little bit of downside support,” Gina Martin Adams, chief equity strategist at Bloomberg Intelligence, told Bloomberg TV. “No one really ____ (3) how to price trade because we don’t know where things are headed.”

Elsewhere, oil fell back below $53 a barrel in New York after an industry report showed U.S. oil inventories swelling further. Hong Kong’s dollar climbed to the strongest level since early January ____ (4) signs of tightening funding costs.

Questions 5 through 8 refer to this email.

From: S Jennifer Wilson

Massachusetts 02630

555-555-5555

To: Michelle Price

Manager

The Yarn Company

Dear Ms. Price,

Thank you so much for _____ (5) the time to meet with me to discuss selling my handmade sweaters in your wonderful shop.

As I _____ (6) in our conversation, I’ve been a customer of your store since I used my third-grade allowance to buy my very first pair of knitting needles. I’m honored that you’d consider selling one of my original creations at The Yarn Company ______ (7) your own work.

We discussed a trial consignment arrangement in which a portion of the sales would go to the store. This is more than agreeable to me.

_____. (8) I’m available most afternoons at 555-555-5555, or you can email me at email@email.com, and I’ll respond to your message ASAP.

Thanks, and best,

Jennifer Wilson

Questions 9 through 12 refer to this email.

From: Stanley Chapel

To: Steven Chow

Research Manager

Dear Mr. Chow,

This letter is a formal request for a leave of _____ (9), to follow up on our meeting yesterday. As we discussed, I would like to _____ (10) an annual leave from June 24 through June 28, 2019.

I will return to work on July 1, 2019.

Please let me know if I can provide _____ (11) information or if you have any questions.

Thank you very much for ______ (12) this opportunity for personal leave.

Sincerely,

Miley.

Questions 13 through 16 refer to this article.

Asian stocks were mixed after U.S. equities halted a five-day winning ______ (13) and Treasuries steadied amid signs of fatigue from the recent global revival in risk _____ (14).

Hong Kong shares declined, while equities rose in Australia and were flat in Korea and Japan. The S&P 500 Index ended little changed and futures were steady. MSCI’s global index of shares has risen the past seven days. U.S. President Donald Trump said he’s personally ______ (15) a trade deal with China and that he won’t _____ (16) the agreement unless Beijing returns to terms negotiated earlier in the year. The dollar drifted and crude oil declined.