3. The __ in exchange rates can have a significant impact on international trade and investment.
(A) definition
(B) fluctuation
(C) distinction
(D) function

4. I decided to __ a new laptop instead of repairing my old one, as the cost of repairs was almost the same as buying a new one.(A) response(B) consent(C) purchase(D) impose

5. The __ report provided a detailed analysis of the company's financial performance over the past year.(A) passive(B) conceive(C) successive(D) comprehensive

6. The new software update will __ users to customize the interface according to their preferences.(A) sustainable(B) variable(C) enable(D) considerable

7. The government's __ of stricter regulations on pollution has led to a noticeable improvement in air quality.(A) connotation(B) intonation(C) implication(D) implementation

8. The manager's __ attendance record and punctuality have earned him the respect of his team.(A) pretend(B) extent(C) consistent(D) insistent

9. It is important to __ that the information provided may not be accurate and should be verified independently.(A) consume(B) resume(C) assume(D) costume

10. The __ between the two friends became heated as they disagreed on the best way to solve the problem.(A) agreement(B) argument(C) cooperation(D) equation(II)Direction: Questions 11-20 have four underlined words or phrases in each of them. The four underlined parts of the sentence are marked A, B, C, and D. Identify the one underlined word or phrase that must be changed in order for the sentence to be correct. Then, write down your answers on the answer sheet. (20%)

11. Invest in renewable energy sources is not only environmentally friendly but  also a wise long-term investment for a sustainable future.(A)Invest(B)only(C) also(D)investment

12. Experts  estimate that the housing prices will rise  by 10% in the next quarter  basis on market research and  historical data.(A) estimate (B)by(C)basis(D)historical

13. The financial  analyze of the company's performance revealed a  decline in profits over the past year, prompting the need for  strategic changes.(A)analyze(B)performance(C)decline(D)strategic

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