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In coda, gli esercizi diversi nella Versione 2. Soluzioni in fondo al testo.



NAME/SURNAME……………………………... MATR. NR:…………………..

1 – Use the word given in capitals at the end of the lines to form a word that fits
its numbered space. There is an example at the beginning (0)

Anger (1)
We’ve all felt anger at some time, whether as faint (0) ___ or blind ANNOY - annoyance
rage. Anger is a normal, sometimes useful human emotion, but
(1)___ outbursts of temper can be destructive. “People who give CONTROL
free rein to their anger, (2) ___ of offence this may cause haven’t REGARD
learned to express themselves constructively,” says Martin Smith,
who runs (3) ___ courses in anger management. RESIDENCE
He adds that people who are (4) ___ angered are intolerant of EASY
frustration, (5) ___ or irritation and, not surprisingly, find CONVENIENT
relating to other people very difficult.
But why do people behave like this? There is evidence to support the
idea that some children may be born (6) ___ and prone to anger. IRRITATE
However, research also suggests that a person’s family background
may be highly (7) ___ . INFLUENCE

2 – Choose the best answer for each space. Circle the correct letter:
Startup Allows Customers to Design Their Own Soft-Drinks
Entrepreneur Nathan Altman, co-founder and CEO of Indianapolis drinks company “uFlavor”,
(1) … an online soft-drink company that lets customers design their own beverages.

uFlavor, which (2) ... beverages in previously unheard-of flavour combinations, ( 3) ... a platform
and developing a machine that (4) … users to create and customize drinks. Currently,
users (5)… drinks created by others and can also upload their own images labels.

After (6)… the product early in December last year, the uFlavor team (7) …. a tour bus to the West
Coast (8)… the word. Coke already has mix-and-match Freestyle machines (9) …. the market, but
they offer only branded beverages and lack the variety of options offered by uFlavor's services.
However , Altman says, "our approach is, How (10)…. new brands, and allow people to claim
ownership in what they've created?"

1 A set up B has set up C sets up D setting up

2 A already sellsB still sells C sells already D already selling
3 A perfects B is perfecting C perfecting D will perfect
4 A allow B allows C to allow D will allow
5 A can choose B could choose C were able to choose D chose
6 A launch B to launch C launching D was launched
7 A took B taking C had taken D was taken
8 A spreading B to spread C to be spreading D spread
9 A on B in C to D at
10 A we do generate B to generate C we generate D do we generate
3 – Write the word (only one) that best fits each space:

At the top of a hill called Mount Lee in Los Angeles 1 …………….. the west coast of the USA is a
very famous sign recognizable to people around the world. My job is to look 2 …………. this sign.
It says Hollywood and that’s of course the place 3…………… films have been made for over a
hundred years.
The sign was erected in 1923 4 …………….. a massive billboard advertising an upscale suburban
development called Hollywoodland. In the 1940s TV started to become popular and some
Hollywood film studios closed, but then TV companies moved in and took 5 ……………. over.
When I first arrived, security 6 …………… pretty low-tech. Now we have motion detectors and
It is also important to protect the sign’s image as it is used in lots of adverts and news pieces.
There’s a simple rule about 7 …………….. the sign can be used. If the purpose is commercial, to
promote something, payment 8……………. to be made.

4 - Complete the sentences using the words in bold. Use two to five words.
0. Engineering doesn’t interest Mark.
interested: Mark is not interested in engineering.

1. Almost all the tickets for next Saturday’s concert have been sold.
hardly: There are ……………………………………… for next Saturday’s concert.

2. They last played tennis two weeks ago.

for: They…………………………..…… two weeks.

3. My brother doesn’t play tennis now as well as he used to.

better: My brother used to ………………………………………..… does now.

4. A very friendly taxi driver drove us into town.

driven: We …….…………………………….……. a very friendly taxi driver.

5. I didn’t buy the camera because it was so expensive.

been: I would have bought the camera ……………………………… so expensive.

NAME/SURNAME……………………………... MATR. NR:…………………..

1 Read the article and decide whether the following statements are true or
false according to the text. Circle the correct alternative.
T F The EBC will force Greece to leave the Euro.
T F Though there has not been a run on Greek banks, deposits have been
leaving them regularly.
T F Banks have not failed in Greece because of emergency liquidity
T F It is the EBC that determines if ELA should continue or not.
T F ELA is designed to assist banks that are having problems of solvency.
T F The EBC has threatened to end ELA in Cyprus.
T F The EBC has used its power to end ELA in Ireland.
T F The solvency of Greek banks is compromised by Greek government
T F The health of Greek banks is influenced by growth of the Greek
T F If ELA is terminated Greece would probably be forced to abandon the
Will the ECB play its trump card over Greece's future?
By Andrew Walker BBC World Service Economics correspondent, 2 June 2015
If it chose, Mario Draghi, the president of the ECB, could put Greece in a
position that would leave it little choice but to start printing its own currency,
and in effect leave the eurozone. But it’s not a card that he wants to play.
The ECB’s trump card
As the clouds have gathered again over Greece’s economic future, customers
have been pulling their money out of Greek commercial banks. Private sector
bank deposits in Greece declined by €23bn (£16.3bn), or 18%, between
November 2014 and March this year, according to figures from the Bank of
Greece. So far, what has happened in Greece is not a full-scale run on the
banks. In a previous episode of instability three years ago it was called a
“bank jog”. But it’s at a fast enough pace to be causing concern. Because if
customers take enough of their money out, and if the bank can’t raise enough
new funds to allow them to pay out, then banks could fail. For now, banks are
able to rely on borrowing money from the Bank of Greece (the country’s
central bank) using an arrangement known as emergency liquidity
assistance (ELA). That is currently reported to be €80bn and has been raised
repeatedly in recent months. And this is the trump card: it’s the ECB’s
governing council that tells the Bank of Greece whether this should continue,
whether it should limit the payments or whether it should stop funding the
Is there a point beyond which the ECB would call a halt to the funds
channeled through the ELA? Certainly, though it’s hard to put a specific figure
on it. The key point is that ELA is supposed to be available to European banks
that are solvent, but facing temporary liquidity problems. So if the ECB’s
governing council took the view that the Greek banks were not solvent it
would have to tell the Bank of Greece to pull the plug.
It’s a principle behind ELA and behind central bank lending in general - you
don’t, or should not, lend to and prop up banks that are bust. Although
admittedly it is not always straightforward in practice to identify whether a
struggling bank is bust or just having temporary liquidity trouble. We know
enough about what happened in the case of Cyprus to be sure that it is
something the ECB would consider. The ECB did publicly threaten to put a
stop to ELA for the Cypriot banks, unless there was an international bailout
that would ensure they were solvent. There was a similar threat to Ireland in
correspondence which has since been published.
As for the Greek banks today, the ECB’s president Mario Draghi has said they
will continue to receive funding as long they remain solvent and have
adequate collateral. The view at the ECB appears to be that the banks are in
temporary difficulty. Executive board member Peter Praet said in April: “The
assessment that we get is that [Greek] banks are solvent, but it is true that it
is a stressful situation”. The financial troubles of the Greek state are one of
the sources of that stress. There’s a kind of toxic embrace between the
finances of the government and the banks. The banks own Greek government
debt, and some of their capital is dependent on the Greek state. So, if the
interminable political negotiations between Greece and its eurozone partners
conclude with the Greek state defaulting on its debts, the country’s banks will
also sustain financial damage. For its part the government is ticking over - just
- partly due to short term borrowing from the banks. Another factor with a
bearing on the banks’ solvency is the performance of the Greek economy. The
worse it gets the more loans to business and households will not be repaid. If
at any point the ECB concludes the banks are bust it could yet decide to order
the Bank of Greece to turn off the taps. Arguably, it should do so in those
What would happen then?
If the ECB pulled the plug, then Greece’s banks would collapse. The
government could try to impose financial controls (as Cyprus did for a time)
but the banking expert Frances Coppola doesn’t think that would work.
Instead, she writes, if the ELA were turned off: “Greece would have no choice
but to create a completely new currency and reflate its economy directly via
the central bank. That means leaving the euro, at least temporarily.” So the
ECB’s trump card, if it were played, could have very dramatic consequences
that would be profoundly political. It is arguable that, legally, giving up the
euro is incompatible with staying in the European Union. In those
circumstances, perhaps Greece would make closer friends with other powers
that the EU doesn’t greatly care for, such as Russia and China.
There is also the idea built into EU treaties and ideology that the euro is
supposed to be forever. A departure from that principle would have serious
political ramifications and as such would constitute intervention far beyond
the remit of what was envisaged for a technocratic central bank. The ECB’s
main job is supposed to be stabilizing prices - not redrawing the European
political map. It is far from relishing the powerful hand of cards it holds. The
bank probably wishes it wasn’t at the table, or better still: that there was no
game underway at all.

2 - Match the words in bold and underlined with the synonyms listed below.
alternative depend _______ support rate ________
_______ ________
guarantee connection rescue ________ stop ________
_______ _______

3 – Fill in the blanks with the words in the box

compared discount drop fluctuate interest issue
loans raise paid returned securities set
Bonds are commonly referred to as fixed-income ……………. and are one of the three main
generic asset classes, along with stocks (equities) and cash equivalents. Many corporate and
government bonds are publicly traded on exchanges, while others are traded only over-the-counter
When companies or other entities need to ……………… money to finance new projects, maintain
ongoing operations, or refinance existing other debts, they may ………….. bonds directly to
investors instead of obtaining ……………….. from a bank. The bond contractually states the
interest rate (coupon) that will be …………….. and the time at which the loaned funds ( principal)
must be …………… (maturity date).
The issuance price of a bond is typically ………….. at par, usually $100 or $1,000 face value per
individual bond. The actual market price of a bond depends on a number of factors including the
credit quality of the issuer, the length of time until expiration, and the coupon rate …………….. to
the general interest rate environment at the time.
Because fixed-rate coupon bonds will pay the same percentage of its face value over time, the
market price of the bond will ……………. as that coupon becomes desirable or undesirable given
prevailing interest rates at a given moment in time. For example if a bond is issued when prevailing
interest rates are 5% at $1,000 par value with a 5% annual coupon, it will generate $50 of cash
flows per year to the bondholder.
If interest rates ……………. to 4%, the bond will continue paying out at 5%, making it a more
attractive option. Investors will purchase these bonds, bidding the price up to a premium. On the
other hand, if interest rates rise to 6%, the 5% coupon is no longer attractive and the bond price will
decrease, selling at a ……………. Because of this mechanism, bond prices move inversely with
……………. rates.

Anger (2)
We’ve all felt anger at some time, whether as faint (0) ___ or blind ANNOY - annoyance
rage. Anger is a normal, sometimes useful human emotion, but
uncontrolled outbursts of temper can be (1) ___. “People who give DESTROY
free rein to their anger, (2) ___ of offence this may cause haven’t REGARD
learned to express themselves constructively,” says Martin Smith,
who runs (3) ___ courses in anger management. ‘It is important to RESIDENCE
maintain your (4) ___ and put your case in an assertive, not COMPOSE
aggressive, manner without hurting others. Being assertive doesn’t
mean being pushy or demanding; it means being (5) ___of yourself RESPECT
and other people. He adds that people who are (6) ___ angered are EASY
intolerant of frustration, inconvenience or irritation and, not
surprisingly, find (7) ___ to other people very difficult. RELATE

A career in the video games industry?

Initially populated by computer scientists and the self-taught, the video game design industry used
not …………… offer many routes into its midst. Often, perhaps unfairly, viewed ……………. just
a hobby for young enthusiasts, the video games industry is now ……………. taken seriously.
Surprised? Industry experts …………… not.
It is not easy, though. So, …………… can you get into such a competitive industry? Although
many companies prefer people to have a degree in computer science, Jim Donnelly, an industry
expert, says “There’s only one route: make games. You won’t get a job if you haven’t made
something, and you won’t get anywhere independently if you are not making stuff. Game design is
less a job ……….. it is a way of life”.
The industry is expanding. The stereotype of the adolescent boy glued to his games console
………… long been replaced by the more accurate perception of a grown-up medium. Smart
phones introduce a wealth ……………. new games through apps, as well as social media. They are
also a great way to learn things. There is plenty of room for expansion.

forever _______ depend support rate ________

_______ ________
guarantee competence rescue stop ________
_______ _______ ________

Versione 1
1.1: uncontrollable, regardless, residential, easily, inconvenience, irritable, influential
1.2: B A B D A C A B A D
2.1: F T T T F T F T T T
2.2: alternative-choice, guarantee-collateral, depend-rely, connection-bearing, support-prop up, rescue-bailout, rate-
pace, stop-halt.
2.3: securities, raise, issue, loans, paid, returned, set, compared, fluctuate, drop, discount, interest.

Versione 2
1.1: destructive, regardless, residential, composure, respectful, easily, relating
2.2: permanent-forever, guarantee-collateral, depend-rely, competence- remit, support-prop up, rescue-bailout, rate-
pace, stop-halt.