Direction: In the given statement, a contextual usage of the word printed in bold is provided. Pick the word from the given alternatives that is the most inappropriate in the given context.

Direction: In the given statement, a contextual usage of the word printed in bold is provided. Pick the word from the given alternatives that is the most inappropriate in the given context.

Direction: In the given statement, a contextual usage of the word printed in bold is provided. Pick the word from the given alternatives that is the most inappropriate in the given context.

Direction: In the given statement, a contextual usage of the word printed in bold is provided. Pick the word from the given alternatives that is the most inappropriate in the given context.

Direction: In the given statement, a contextual usage of the word printed in bold is provided. Pick the word from the given alternatives that is the most inappropriate in the given context.

Direction: Rearrange the following sentences (A), (B), (C), (D), (E), and (F) in a proper sequence to form a meaningful paragraph, then answer the questions that follow. 

A) Because globalisation has linked EM financial markets more closely to long-term interest rates in the major centres, monetary and other policy choices in the EMs have faced new constraints. 

B) Once their policy rates had been cut to almost zero, the major central banks in the advanced economies bought domestic long-term assets in order to reduce interest rates at longer maturities. 

C) The long-term rates in the EMs have become more sensitive to yields in the major bond markets. 

D) Perhaps because of sizable capital inflows into local EM bond markets, even short-term rates in EMs now seem to respond to changes in the term premium in US dollar markets. 

E) Monetary policy dilemmas facing emerging market (EM) central banks have been made harder by years of expansionary monetary policy in the advanced economies. 

F) This has reinforced a more durable and puzzling trend: the secular decline in real long-term rates that began years ahead of Quantitative Easing (QE) by the Federal Reserve.

Direction: Rearrange the following sentences (A), (B), (C), (D), (E), and (F) in a proper sequence to form a meaningful paragraph, then answer the questions that follow. 

A) Because globalisation has linked EM financial markets more closely to long-term interest rates in the major centres, monetary and other policy choices in the EMs have faced new constraints. 

B) Once their policy rates had been cut to almost zero, the major central banks in the advanced economies bought domestic long-term assets in order to reduce interest rates at longer maturities. 

C) The long-term rates in the EMs have become more sensitive to yields in the major bond markets. 

D) Perhaps because of sizable capital inflows into local EM bond markets, even short-term rates in EMs now seem to respond to changes in the term premium in US dollar markets. 

E) Monetary policy dilemmas facing emerging market (EM) central banks have been made harder by years of expansionary monetary policy in the advanced economies. 

F) This has reinforced a more durable and puzzling trend: the secular decline in real long-term rates that began years ahead of Quantitative Easing (QE) by the Federal Reserve.

Direction: Rearrange the following sentences (A), (B), (C), (D), (E), and (F) in a proper sequence to form a meaningful paragraph, then answer the questions that follow. 

A) Because globalisation has linked EM financial markets more closely to long-term interest rates in the major centres, monetary and other policy choices in the EMs have faced new constraints. 

B) Once their policy rates had been cut to almost zero, the major central banks in the advanced economies bought domestic long-term assets in order to reduce interest rates at longer maturities. 

C) The long-term rates in the EMs have become more sensitive to yields in the major bond markets. 

D) Perhaps because of sizable capital inflows into local EM bond markets, even short-term rates in EMs now seem to respond to changes in the term premium in US dollar markets. 

E) Monetary policy dilemmas facing emerging market (EM) central banks have been made harder by years of expansionary monetary policy in the advanced economies. 

F) This has reinforced a more durable and puzzling trend: the secular decline in real long-term rates that began years ahead of Quantitative Easing (QE) by the Federal Reserve.

Direction: Rearrange the following sentences (A), (B), (C), (D), (E), and (F) in a proper sequence to form a meaningful paragraph, then answer the questions that follow. 

A) Because globalisation has linked EM financial markets more closely to long-term interest rates in the major centres, monetary and other policy choices in the EMs have faced new constraints. 

B) Once their policy rates had been cut to almost zero, the major central banks in the advanced economies bought domestic long-term assets in order to reduce interest rates at longer maturities. 

C) The long-term rates in the EMs have become more sensitive to yields in the major bond markets. 

D) Perhaps because of sizable capital inflows into local EM bond markets, even short-term rates in EMs now seem to respond to changes in the term premium in US dollar markets. 

E) Monetary policy dilemmas facing emerging market (EM) central banks have been made harder by years of expansionary monetary policy in the advanced economies. 

F) This has reinforced a more durable and puzzling trend: the secular decline in real long-term rates that began years ahead of Quantitative Easing (QE) by the Federal Reserve.

Direction: Rearrange the following sentences (A), (B), (C), (D), (E), and (F) in a proper sequence to form a meaningful paragraph, then answer the questions that follow. 

A) Because globalisation has linked EM financial markets more closely to long-term interest rates in the major centres, monetary and other policy choices in the EMs have faced new constraints. 

B) Once their policy rates had been cut to almost zero, the major central banks in the advanced economies bought domestic long-term assets in order to reduce interest rates at longer maturities. 

C) The long-term rates in the EMs have become more sensitive to yields in the major bond markets. 

D) Perhaps because of sizable capital inflows into local EM bond markets, even short-term rates in EMs now seem to respond to changes in the term premium in US dollar markets. 

E) Monetary policy dilemmas facing emerging market (EM) central banks have been made harder by years of expansionary monetary policy in the advanced economies. 

F) This has reinforced a more durable and puzzling trend: the secular decline in real long-term rates that began years ahead of Quantitative Easing (QE) by the Federal Reserve.