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Business English Exercise | Topic: Banking/Investing/Financial terms 3

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.





QUESTIONS:
(Choose the best response for each one)


1. This account offers easy access, no minimum balance and no monthly _________________.
  server fee
  service fee
  serve-me-fee

2. A high-yield account "yields" ( = pays) more _________________ than a normal account.
  interesting
  interim
  interest

3. If your check "_________________", there was probably not enough money in your account to cover it.
  binds
  bounces
  burns

4. Many banks currently offer their customers the opportunity to do their banking _________________. ( = over the internet)
  online
  inline
  web

5. A person's credit _________________ is a formal evaluation of his/her loan-repayment history or potential.
  rating
  level
  rate

6. Informally, having a low credit-rating is referred to as having " _________________".
  good credit
  insufficient funds
  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)
  collateral
  collocation
  promise

8. If your bank account goes into "overdraft", it means ____________________.
  you owe the bank money
  the bank owes you money
  your balance is 0

9. A ____________________ loan is a loan backed up with collateral.
  security
  secured
  secular

10. ____________________ a mortgage or other type of loan can lower the monthly payments owed on the loan.
  Reworking
  Redoing
  Refinancing

Check answers





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