High-Q | 7 סימולציה

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סימולציה מס' 7

– אנגלית פרק שני

11. His car needed no repairs at all for the first five years, but recently has begun to break down quite often. (1) He was able to keep his car running for five years, but no longer. (2) His car is now very unreliable, even though it worked just fine for the first five years that he owned it. (3) Although he has owned this car for over five years, it has never needed any repairs at all. (4) Because he never did any of the needed repairs on this car for the first five years he owned it, it now breaks down all the time.

12. The teacher of our music class wrote the textbook that we use herself.

(1) The author of our music class textbook and the class’s instructor are the same person. (2) Our music class instructor personally knows the author of the textbook we use. (3) Our music class, with the aid of our teacher, has put together a textbook of our own. (4) The instructor of our music class has decided to write her own textbook.

Reading Comprehension This part consists of two passages, each followed by several related questions. For each question, choose the most appropriate answer based on the text .

Text I (Questions 13-17)

In looking at government finances, we must recognize one vast difference between government borrowing and private borrowing. The difference is that all governments possess a power to which no business can ever lay claim. It is the power to create money, a sovereign right of a nation state, like the power to declare war. 5 presses because it cannot beg, borrow, or tax the funds it needs, usually during wartime. But in normal times, the power to create money also has an extraordinary effect on the credit worthiness of government debt. That is why government bonds normally have lower interest rates than those of private firms. This is because no one who lends money to a private corporation has the certainty of getting it back. In the Great Depression, many major 10 corporations went bankrupt, leaving their bondholders with nothing. How often has this happened to the holders of government bonds over the two and a half centuries of capitalism? The answer is twice - once when the Confederate States of America lost the Civil War, and again when the czarist government of Russia was overthrown in 1917. The reason was the same in both cases - these governments lost their 15 sovereign power to create money. Their bonds, which were formerly “good as gold”, were suddenly no better than wallpaper, which is how both of them ended up. Needless to say, this right can lead to disasters when a government rolls the printing

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