English_for_Finance_and_Banking
žTESTS
I. Choose the word which best completes each sentence:
1.A bank will sometimes give you a loan if someone is prepared to stand as your guarantor, agreeing to _______ the loan if you fail to do so.
a) repay;
b) refinance;
c) recollect.
2.Persons are described as ________ when they cannot meet their liabilities.
a) dishonest;
b) disreputable;
c) bankrupt.
3. Before you _______ a cheque for more than you have on your account you must apply for an overdraft.
a) withdraw;
b) draw;
c) sign.
4.When the payee signs on the back of a cheque it is described as an ________ .
a) signature;
b) endorsement;
c) guarantee.
5. The banker is expected to treat any information he has in regard to his customer’s affairs as confidential.
a) domestic;
b) private;
c) financial.
II.Match what statements are true and what are false. Results write to the table:
1.Commercial banks act as financial intermediaries.
2.Banks mediate between borrowers and savers to achieve a profit.
3.Commercial banks make their profit by paying a higher rate of interest for the money they lend.
4.Offshore banking being a part of a country’s banking business is not developing.
5.Banks write “insurance” type contracts with deposits and borrowers.
Table
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True |
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False |
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III. Which is correct:
1.Доходи (державні):
a) benefits;
b) revenues;
c) yield;
d) gain.
2.Investment bank – це установа:
а) яка надає кошти для інвестицій;
б) яка перепродає акції;
в) куди вкадаються інвестиції.
3. One basis point equals:
a) 0.1%;
b) 1%;
c) 0.01%;
d) 1.
4.Знецінення грошей на біржі:
a) depreciation;
b) denunciation;
c) denomination;
d) devaluation.
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