MID-TERM TEST 3 (FINANCE AND BANKING)

Complete the following sentence with the correct form of the word in parentheses:

We send you free _________ (MONTH) statement listing all the transactions in a month, if you have any dispute about the statement, you can call us on 24 hour a day phone line.

Complete the following sentence with the correct form of the word in parentheses:

We will give you a cheque book and some kinds of plastic money free of charge: debit card and cash card for use in _________ (CONVENIENCE) cash dispensers which are available nearly everywhere.

Complete the following sentence with the correct form of the word in parentheses:

As (DEPOSIT) _________ trust their funds to banks or credit unions in various accounts, the financial institution will in turn make loans to individuals, families or businesses making major purchases, such as houses and cars.

Complete the following sentence with the correct form of the word in parentheses:

Investment of funds: The finance manager has to decide to allocate funds into (PROFIT) __________ ventures so that there is safety on investment and regular returns is possible.

Complete the following sentence with the correct form of the word in parentheses:

Looking for adequate liquidity to hold out the business strategies, each financial (MANAGE) _________ should perform some primary tasks, such as raising funds and forecasting cash flows.

A statement that shows the value of company's assets and its debts is a _________.

• financial statement

• cash flow

• operation

• balance sheet

The inability of a business to meet its fixed financial obligations, like payment of interest.

• business risk

• financial risk

• long-term risk

• market risk

Money given to developing countries by richer ones is known as ________.

• aid

• debt

• subsidy

• loan

Financial accounting is a part of financial information systems that provide information for _________ decision makers. These decision makers include creditors, investors, and taxing authorities.

• internal

• external

• inside

• all

A current account does not usually pay _________ since money on such an account is usually demand deposit, which can be withdrawn at any time.

• benefit

• money

• bonus

• interest