WAEC - English Language (2019 - No. 38)
Choose the word or group of words that is nearest in meaning to the underlined word as it is used in the sentence.
The new bank is fast becoming insolvent.
inactive
ineffective
bankrupt
lax
Wyjaśnienie
In this context, insolvent means unable to pay debts or financially bankrupt. It refers to a situation where an entity has more liabilities than assets and cannot meet its financial obligations. Bankrupt means having insufficient assets to cover liabilities, just like insolvent.