Topic: Banking/Investing/Financial terms 2

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.

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

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

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 _________________.
  statement
  mortgage
  marriage

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.
  retaken
  repositioned
  repossessed

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

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

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

10. Usually, higher balances earn higher _________________ .
  rates
  cash
  levels


CHECK ANSWERS

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