Economy
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currency star_border
/cur-ren-cy/ [k.er1.ah0.n.s.iy0] play_circle_filledDefinition: monetary unit; cash
Example sentences:
- Most purchases in foreign countries must be made in the local currency.
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inflation star_border
/in-fla-tion/ [ih2.n.f.l.ey1.sh.ah0.n] play_circle_filledDefinition: A general increase in prices and fall in the purchasing value of money
Example sentences:
- In a downward inflation trend, salary expectations lag the decreases in inflation. In December he indicated that he was concerned about inflation and the excessive risk taking in the markets.
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insolvent star_border
/in-sol-vent/ [ih2.n.s.aa1.l.v.ah0.n.t] play_circle_filled
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Definition: Unable to pay debts owed:
Example sentences:
- China's banks are technically insolvent, with bad debts making up 45% of their loans, according to Standard & Poor's.
- If the employer is insolvent and unable to restore the funds the pension scheme will be able to claim compensation.
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recession star_border
/re-ces-sion/ [r.ih0.s.eh1.sh.ah0.n] play_circle_filled
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Definition: A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters
Example sentences:
- Economic recessions are predominantly the result of insufficient demand. As political economists have always emphasized, periodic recessions are endemic to capitalism.
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Words List
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CERF C1-C2
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currency
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inflation
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insolvent
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recession
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