21.1 C
Sydney
Saturday, December 5, 2020

You will hear a recording. Type the missing words in each blank.

 

The Philippine’s financial position is described as (1) ……………………….. that’s a very big cause of concern. The value of the (2) ……………………., the peso, has hit an all time low against the American dollar, one of the world’s strongest currencies. It means the peso has never been (3) ……………………. so little, on the markets it’s hit  all-time low. And it’s not just the currency. Serious concern about the country’s financial and (4) …………………… future means its credit rating has been (5) …………………………, or reduced. That sends a signal to the financial community that the Philippines is an (6) ………………… place to do business , you could lose your money if you (7) …………………… t, if you put your money into (8) ………………………….. and shares there.

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