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Business English Exercise | Topic: Banking/Investing/Financial terms 7

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. Last July's crisis sent financial markets into a ___________________. ( = they went down considerably)

2. John A. Thain is often credited with ___________________ the New York Stock Exchange.

3. He really turned this business ___________________ = He really made a big difference/ improvement.

4. The new direction ___________________ among investors. ( = made investors very nervous)
  nerved up
  fueled anxiety
  made anxious

5. A year after he arrived, he ___________________ a deal to merge with a rival bank.

6. He took a ___________________ ( = agreed to earn less money) to work here.
  pay cut
  salary increase

7. In finance, a "writedown" refers to the process of reducing the book value of an asset because it is ___________________ ( = worth too much) compared to the market value.

8. That bank did better than was expected last year because it took risks that it didn't fully ___________________ ( = let people know about).

9. Banks usually ___________________ higher rates on long-term loans.
  in charge

10. Great news! Our bank is now ___________________ higher rates on certain savings and checking accounts.

Check answers


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