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Business English Practice | Topic: Banking/Investing/Financial terms 3
Choose the correct response to complete each of the following sentences:
1. This account offers easy access, no minimum balance and no monthly _________________.
a) server fee b) service fee c) serve-me-fee
2. A high-yield account "yields" ( = pays) more _________________ than a normal account.
a) interesting b) interim c) interest
3. If your check "_________________", there was probably not enough money in your account to
cover it.
a) binds b) bounces c) burns
4. Many banks currently offer their customers the opportunity to do their banking
_________________. ( = over the internet)
a) online b) inline c) web
5. A person's credit _________________ is a formal evaluation of his/her loan-repayment history or
potential.
a) rating b) level c) rate
6. Informally, having a low credit-rating is referred to as having " _________________".
a) good credit b) insufficient funds c) bad credit
7. A bank will not give you a loan unless you provide some kind of ____________________. ( =
something of value as a guarantee of repayment)
a) collateral b) collocation c) promise
8. If your bank account goes into "overdraft", it means ____________________.
a) you owe the bank money b) the bank owes you money c) your balance is 0
9. A ____________________ loan is a loan backed up with collateral.
a) security b) secured c) secular
10. ____________________ a mortgage or other type of loan can lower the monthly payments owed
on the loan.
a) Reworking b) Redoing c) Refinancing
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Business English Exercise | Topic: Banking/Investing/Financial terms 3
ANSWERS:
1) b 2) c 3) b 4) a 5) a 6) c 7) a 8) a 9) b 10) c