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Business English Exercise | Topic: Banking/Investing/Financial terms 2

Designed to teach you the vocabulary of the financial world, while polishing your grammar skills. Although it's meant for ESL students, it'll be useful to anyone who wants to practice this specialized vocabulary.

(Choose the best response for each one)

1. Your _________________ rate determines the repayments you make on the money you borrow from a bank.

2. The money you borrow from a bank is called a _________________.

3. I have to _________________ another loan.
  take out
  go for
  take in

4. If you'd like to buy a house, you will probably have to take out a _________________.

5. A _________________ mortgage ensures that your interest rate will not change.
  variable rate
  fixed level
  fixed rate

6. Your home may be _________________ if you don't keep up repayments on your mortgage.

7. Usually banks have two types of personal accounts - checking and _________________.

8. You can _________________ paying account fees if you keep a minimum daily balance of $1000 on your account.

9. P1: What's the _________________ on my account? P2: It's $450. ( = there's $450 in your account)

10. Usually, higher balances earn higher _________________ .

Check answers


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