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Business English Practice | Topic: Banking/Investing/Financial terms 2
Choose the correct response to complete each of the following sentences:
1. Your _________________ rate determines the repayments you make on the money you borrow
from a bank.
a) interest b) internal c) repayment
2. The money you borrow from a bank is called a _________________.
a) loaner b) loan c) lone
3. I have to _________________ another loan.
a) take out b) go for c) take in
4. If you'd like to buy a house, you will probably have to take out a _________________.
a) statement b) mortgage c) marriage
5. A _________________ mortgage ensures that your interest rate will not change.
a) variable rate b) fixed level c) fixed rate
6. Your home may be _________________ if you don't keep up repayments on your mortgage.
a) retaken b) repositioned c) repossessed
7. Most banks have two types of personal accounts - checking and _________________.
a) savings b) save c) saver
8. You can _________________ paying account fees if you keep a minimum daily balance of $1000
on your account.
a) access b) avoid c) avert
9. What's the _________________ on my account? It's $450. ( = there's $450 in your account)
a) bail b) money c) balance
10. Usually, higher balances earn higher _________________ .
a) rates b) cash c) levels
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Business English Exercise | Topic: Banking/Investing/Financial terms 2
ANSWERS:
1) a 2) b 3) a 4) b 5) c 6) c 7) a 8) b 9) c 10) a