SKIMMING TECHNICS IELTS READING

____ is an amount of money you borrow for any purpose.

• debt

• loan

• mortgage

When a financial system stops working, it's called a ...

• financial crash

• financial climate

• recession

________ are procedures or rules set by any authority or person in charge so that an organisation can function properly.

• laws

• regulartions

Instructions that are put in place by the government and apply to everyone in the country.

• regulations

• laws

• instructions

Does 'go bankrupt' has the same meaning as 'go bust'?

• yes

• no

____ is an amount of money borrowed specifically to buy a property, e.g. house

• loan

• debt

• mortage

The amount of money that is put in a safe place so that it cannot be easily spent and may even make some profit in interest.

• savings

• investments

The person who gives a loan.

• 
  lender

• borrower

• owner

Revenues / expenses / government / taxes / government expenses / government consumption/ goods and services / economists / infrastructure investments / retirement benefits / capital expenditure bt

• a) Government staff

• • b) The price of goods and services

• • c) Diplomacy between countries

• • d) Government budgets

Ratings systems rely upon analysis of usually very specific yacht-design parameters such as length, sail area and shape. During the 1920s and through until the 1970s the Cruising Club of America used a formula by which most racing/cruising boats were designed during that period. After its descendant, the mathematically complex International Offshore Rule (IOR) of the 1970s, contributed to much decreased seaworthiness (and even speed), the simpler Performance Handicap Racing Fleet (PHRF) system was adopted. The PHRF uses only performance characteristics, such as sailing speed, as a means to allow yachts that are different in design—typically crewed by friends and families at clubs rather than by professional crews—to race together. Most popular family-oriented cruising sailboats will have a rating filed with a local chapter of the PHRF.   

• • Development of Ratings Systems

• • Why Rules Had to Be Introduced

• • Yacht Racing Rules Today

• • Development of One-Design Racing