Money/ business and consumerism (Difficult) Quiz Home › IELTS › IELTS English Vocabulary › Money/ business and consumerism (Difficult) 📝 IELTS – English Vocabulary – Money/ business and consumerism – Difficult 20 questions · 15 min timer · Explanations included · Free 1. Which term describes a situation where a market is dominated by a small number of firms? Monopoly Duopoly Cartel Oligopoly None Show Hint An oligopoly is a market structure in which a small number of firms have the majority of market share. A monopoly is when a single company dominates the market, and a cartel is a group of independent companies that work together to control prices or production. 2. What is 'arbitrage' in financial markets? Simultaneously buying and selling an asset to profit from price differences Holding assets for long-term growth Speculating on future price movements Investing in high-risk ventures None Show Hint Arbitrage involves taking advantage of a price difference between two or more markets by simultaneously buying and selling an asset. It is not about high-risk investments, long-term holding, or speculation. Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Loading questions... Click Submit to see your final score! Previous Start Quiz Next Time's up
