Almost everyone has heard of the London Stock Exchange, but (1) few know anything about the London Metal and Commodity Exchanges – yet these markets have a greater (2) on world economies because they set global prices for some of the essential raw materials for industry and food (3) The LME provides three basic services to the world’s non-ferrous metal trade. First, it is a market where large or small (4) of metal of a guaranteed minimum standard can be bought and sold on specific trading days. Second, it acts as a barometer of world metal prices. And third, it is a “hedging” medium: that is, it can help traders get some protection from price fluctuations that occur for economic, political or (5) reasons.
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Solution
1 relatively
2 influence
3 manufacture
4 quantities
5 financial
It isn’t necessary to have a (1) knowledge of, say, the intricacies of counterpoint, or even to be able to read music to understand it. Usually, getting the point of a piece of music, its emotional and dramatic (2) , is immediate or simply requires you to become more (3) with it. Of course, prolonged study of music and its (4) , as in any other field, will increase your understanding, but not necessarily your enjoyment. Now, I realize that it can require a good deal of willingness on our part to risk new sensations, and there is a lot of music that will seem unfamiliar and alien to you on a first (5)
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Solution
1 specialized
2 impact
3 familiar
4 composition
5 hearing
Before farming was introduced into Scotland, people Jived by hunting, fishing, and (1) wild foodstuffs. This way of life meant that they usually didn’t settle (2) in one place, but were to an extent nomadic, moving about in search of a livelihood, perhaps returning to the same places at certain times of the year. It is believed that the islands of Orkney were known to these people, but, so far, only a few flint (3) have been found to verify this. This is because coastal (4) has destroyed many ancient sites and these may have contained relics of some of these earliest pioneering (5)
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Solution
1 gathering
2 permanently
3 tools
4 erosion
5 colonists