The TOEIC (Test of English for International Communication) is an English language proficiency test designed to assess the English language skills of non-native speakers in a business or professional context. The test is widely used by organizations around the world to evaluate the English language skills of job candidates, employees, and students.
The TOEIC test consists of two parts: the TOEIC Listening and Reading Test and the TOEIC Speaking and Writing Test. The TOEIC Listening and Reading Test is a paper-and-pencil test that consists of multiple-choice questions, while the TOEIC Speaking and Writing Test is a computer-based test that consists of spoken and written responses to prompts.
The test is designed to measure a wide range of English language skills, including listening comprehension, reading comprehension, speaking ability, and writing ability. Overall, the TOEIC is a widely recognized and respected English language proficiency test that is used by organizations around the world to evaluate the English language skills of non-native speakers.
Debt can be a stressful and overwhelming situation for many people. Whether it is due to unexpected expenses, job loss, or overspending, being in debt can have a significant impact on an individual’s financial well-being. If you are in debt, it is important to understand your situation and take steps to manage and ultimately eliminate your debt.
The first step in managing debt is to understand the total amount of debt you owe. This includes all types of debt, such as credit cards, personal loans, student loans, and mortgages. Once you have a clear understanding of the total amount of debt you owe, you can begin to develop a plan for repayment.
One effective strategy for managing debt is to create a budget that includes all of your income and expenses. This will help you identify areas where you can cut back on spending and allocate more money towards paying off your debt. Consider prioritizing your debts by interest rate or balance, and focus on paying off the highest interest rate or highest balance debts first.
Another option for managing debt is to consolidate your debts into a single loan or credit card with a lower interest rate. This can help you save money on interest and make your debt more manageable by simplifying your payments.
If you are struggling to make payments on your debt, it may be worth reaching out to your creditors to negotiate a payment plan or settlement. Many creditors are willing to work with borrowers who are experiencing financial hardship, and may be willing to reduce your interest rate or waive late fees to help you get back on track.
Finally, it is important to take steps to avoid future debt. This may include creating an emergency fund to cover unexpected expenses, reducing your reliance on credit cards, and creating a plan for saving and investing for your future financial goals.
Here are some questions that can help you to clear the TOEIC exam:
Q1 Going on a spending ____________ with your credit card and no concern about how you pay back the money you borrow, is a growing habit these days.
Answer: (b) spree
Q2 There is a popular demand for the system that allows credit companies to offer unlimited credit to young people to be ____________.
Answer: (a) overhauled
Q3 It has been ____________ by a government agency that the percentage of under 25 year olds owing large sums to companies is on the increase.
Answer: (d) disclosed
Q4 One director of a major credit company has already been forced to ____________ because of the bad publicity his company has attracted.
(a) step over
(b) step through
(c) step down
(d) step out
Answer: (c) step down
Q5 One solution that has been suggested to control credit is to ____________ the regulations to make it more difficult to get credit in the first place.
(a) step under
(b) step up
(c) step by
(d) step across
Answer: (b) step up
Q6 The main problem is that a debt ____________ has developed recently believing that it is cool to owe large sums of money.
Answer: (d) culture
Q7 Recent reports have ____________ that being in debt is not now looked upon as a disgrace but rather as an attractive way of life.
Answer: (a) revealed
Q8 In reality it’s a very long ____________ to get from owing to paying off all your debts.
Answer: (c) haul
Q9 There are frequently ____________ in the family home between parents and children about whether you should enter into credit agreements.
Answer: (b) clashes
Q10 What concerns people most are the mounting ____________ among governments that it will take at least a generation for us to be rid of excessive debt.
Answer: (c) fears
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