Topic: Banking/Investing/Financial terms 1
An exercise to help you learn & practice 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 to complete each of the sentences below.
BUSINESS VOCABULARY: Banking & finance
Need to review common banking & finance-related terms? We've got you covered:
Bank account - an account used to store and manage money
Example: She opened a bank account last year.
Checking account - an account for daily transactions
Example: He uses his checking account to pay bills.
Savings account - an account that earns interest
Example: The money earns interest in a savings account.
Interest rate - percentage paid or earned on money
Example: The bank lowered its interest rate.
Deposit - money added to an account
Example: She made a cash deposit at the bank.
Withdrawal - money taken out of an account
Example: He made a withdrawal from the ATM.
Balance - amount of money in an account
Example: Check your balance before making a purchase.
Overdraft - spending more money than available
Example: The overdraft caused extra fees.
Fee - charge for banking services
Example: The bank charges a monthly fee.
ATM (Automated Teller Machine) - machine for banking transactions
Example: She withdrew cash from an ATM.
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BUSINESS ENGLISH GLOSSARY
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