Cloze Test – Test 233

In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.

Trade involves the transfer of goods or services from one person or entity to another, often in (21) for money. A network that allows trade is called a market. The original form of trade, barter, saw the (22) exchange of goods and services for other goods and services. Barter is trading things (23) the use of money. Later one side of the barter started to involve precious metals, which gained symbolic (24) practical importance. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and later credit, paper money and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade between (25) than two traders is called multilateral trade.

In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.

Trade involves the transfer of goods or services from one person or entity to another, often in (21) for money. A network that allows trade is called a market. The original form of trade, barter, saw the (22) exchange of goods and services for other goods and services. Barter is trading things (23) the use of money. Later one side of the barter started to involve precious metals, which gained symbolic (24) practical importance. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and later credit, paper money and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade between (25) than two traders is called multilateral trade.

In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.

Trade involves the transfer of goods or services from one person or entity to another, often in (21) for money. A network that allows trade is called a market. The original form of trade, barter, saw the (22) exchange of goods and services for other goods and services. Barter is trading things (23) the use of money. Later one side of the barter started to involve precious metals, which gained symbolic (24) practical importance. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and later credit, paper money and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade between (25) than two traders is called multilateral trade.