unit 11

Question 1

concerted

Answer 1

combined, συντονισμένος

Question 2

recession

Answer 2

a period when trade and industry are not successful and there is a lot of unemployment, ύφεση

Question 3

speculation

Answer 3

investment with high risks but maybe high profits, κερδοσκοπία

Question 4

alleviate

Answer 4

make sth bad less severe, μειώνω

Question 5

erupt

Answer 5

ξεσπάω

Question 6

fiscal transfer

Answer 6

a financial transfer from a central authority to a subsidiary, μεταφορά δημοσιονομικών πόρων

Question 7

mitigate

Answer 7

μετριάζω

Question 8

fixed exchange rate

Answer 8

σταθερή συναλλαγματική ισοτιμία

Question 9

indebted

Answer 9

owing something to someone χρεωμένος

Question 10

stock

Answer 10

συσσωρεύω

Question 11

domestic currency

Answer 11

accepted form of money in a country, εγχώριο νόμισμα

Question 12

holdout

Answer 12

a person who refuses to reach an agreement until certain terms are met, αυτός που αρνείται να δώσει έγκριση για κάτι

Question 13

inflate

Answer 13

to cause inflation of, φουσκώνω τιμές

Question 14

insulate

Answer 14

to protect someone from harmful experiences, προστατεύω

Question 15

currency peg

Answer 15

to maintain a fixed exchange rate, διατήρηση της ισοτιμίας του νομίσματος

Question 16

currency union

Answer 16

when two groups (countries) share the same currency,νομισματική ένωση

Question 17

fiscal integration

Answer 17

the integration of the fiscal policy of nations, δημοσιονομική ολοκλήρωση

Question 18

transfer payment

Answer 18

redistribution of income in the market system, ποσό μεταβίβασης