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cloze test PRACTICE TEST [15 - EXERCISES]
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Direction:
The following questions, you have several passages where some of the words have been left out. Read the passages carefully and choose the correct answer to each blanks with its particular number, out of the five alternatives.
PASSAGE
In recent years, the banking industry has been undergoing rapid changes, reflecting a number of ____(1)____ developments. The most significant has been advances in communication and information technology. Which have ____(2)____ and broadened the ____(3)____ of financial information while lowering the costs of many financial activities. A second key ____(4)____ for change has been the increasing competition among a broad ____(5)____ of domestic and foreign institutions in providing banking and ____(6)____ financial services. Third, financial activity has become larger relative to overall economic activity in most economies. This has meant that any ____(7)____ of the financial markets or financial infrastructure has broader economic ____(8)____ than might have been the case ____(9)____. These developments have ____(10)____ consequences for the institutional and systemic structure of the financial sector in general and banking in particular.
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