Topic: Banking/Investing/Financial terms 3
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:
Interest - money paid for borrowing money
Example: The interest increases the total cost.
Fixed rate - interest rate that does not change
Example: The loan has a fixed rate.<br>
Variable rate - interest rate that can change
Example: Variable rates may increase.
Credit limit - maximum amount that can be borrowed
Example: Her credit card limit is $5,000.
Statement - record of account activity
Example: The bank statement arrives monthly.
Transaction - financial exchange
Example: Each transaction is recorded automatically.
Transfer - moving money between accounts
Example: He made an online transfer.
Wire transfer - electronic transfer of funds
Example: The payment was sent by wire transfer.
Exchange rate - value of one currency compared to another
Example: The exchange rate affects international transfers.
Foreign currency - money from another country
Example: The bank exchanges foreign currency.
MATERIALS TO HELP YOU LEARN (AND TEACH!):
BUSINESS ENGLISH GLOSSARY
BUSINESS ENGLISH WORKSHEET COLLECTION
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