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The language of banking (Legal English)

Total questions: 21

Worksheet time: 11mins

Name
Class
Date
1.

Balance

a)

A demand for payment for goods or services you have received.

b)

It means to give a cheque to someone and you validate it by signing it.

c)

To put money into a bank account

d)

The amount of money that you got in your bank account

2.

Deposit

a)

A demand for payment for goods or services you have received.

b)

To put money into a bank account

c)

To take money out of a bank account.

d)

It means to give a cheque to someone and you validate it by signing it.

3.

Current account

a)

Bank account  that you can use at any time. Sometimes also called a checking account in America.

b)

A document that your bank sends to you. It tells you when you deposited money, when you withdrew money and how much you have in the account at the moment.

c)

Payments that you have to make to to the bank for using your bank account.

d)

To be the right kind of person to have something, for example, because you are the right age or you have enough money.

4.

Issue a cheque

a)

A document that your bank sends to you. It tells you when you deposited money, when you withdrew money and how much you have in the account at the moment.

b)

A payment that you have to make to a professional to do something for you.

c)

A demand for payment for goods or services you have received.

d)

It means to give a cheque to someone and you validate it by signing it. 

5.

An overdraft

a)

To move money electronically from one bank account to another

b)

A document that your bank sends to you. It tells you when you deposited money, when you withdrew money and how much you have in the account at the moment.

c)

The amount of money one can take out of the bank even though their account does not have that much money in it.

d)

A demand for payment for goods or services you have received.

6.

Bill

a)

A demand for payment for goods or services you have received.

b)

Bank account  that you can use at any time. Sometimes also called a checking account in America.

c)

A document that your bank sends to you. It tells you when you deposited money, when you withdrew money and how much you have in the account at the moment.

d)

The amount of money one can take out of the bank even though their account does not have that much money in it.

7.

Fee

a)

A document that your bank sends to you. It tells you when you deposited money, when you withdrew money and how much you have in the account at the moment.

b)

Bank account  that you can use at any time. Sometimes also called a checking account in America.

c)

The amount of money one can take out of the bank even though their account does not have that much money in it.

d)

A payment that you have to make to a professional to do something for you.

8.

Withdraw money

a)

To move money electronically from one bank account to another

b)

To take money out of a bank account.

c)

Payments that you have to make to to the bank for using your bank account.

d)

A demand for payment for goods or services you have received.

9.

Transfer cash

a)

To move money electronically from one bank account to another

b)

Payments that you have to make to to the bank for using your bank account.

c)

A payment that you have to make to a professional to do something for you.

d)

The amount of money one can take out of the bank even though their account does not have that much money in it.

10.

To be eligible

a)

A payment that you have to make to a professional to do something for you.

b)

To be the right kind of person to have something, for example, because you are the right age or you have enough money.

c)

Payments that you have to make to to the bank for using your bank account.

d)

A document that your bank sends to you. It tells you when you deposited money, when you withdrew money and how much you have in the account at the moment.

11.

Option

a)

Not to have a boss. One organizes their own work and people pay for the goods or services provided. The person is responsible for paying tax on the money they receive.

b)

Amount of money that someone puts into a business with the aim of making that business successful and getting more money

c)

The money that you must spend on the day-to-day cost of the business

d)

One of the available choices from several possibilities

12.

Expenses

a)

Money you get from selling something or providing a service to someone, after you deduct the cost of making that thing or providing that service.

b)

The money that you must spend on the day-to-day cost of the business

c)

Amount of money that someone puts into a business with the aim of making that business successful and getting more money

d)

To start something or to create something especially a business

13.

Investment

a)

Amount of money that someone puts into a business with the aim of making that business successful and getting more money

b)

Money you get from selling something or providing a service to someone, after you deduct the cost of making that thing or providing that service.

c)

Things you own which have a financial value such as house, car or money in a bank.

d)

A person who owns and runs an unregistered business by themselves

14.

To set up -

a)

Amount of money that someone puts into a business with the aim of making that business successful and getting more money

b)

Not to have a boss. One organizes their own work and people pay for the goods or services provided. The person is responsible for paying tax on the money they receive.

c)

To start something or to create something especially a business

d)

Money you get from selling something or providing a service to someone, after you deduct the cost of making that thing or providing that service.

15.

Sole trader

a)

Amount of money that someone puts into a business with the aim of making that business successful and getting more money

b)

Money you get from selling something or providing a service to someone, after you deduct the cost of making that thing or providing that service.

c)

Things you own which have a financial value such as house, car or money in a bank.

d)

A person who owns and runs an unregistered business by themselves

16.

Self-employed

a)

Not to have a boss. One organizes their own work and people pay for the goods or services provided. The person is responsible for paying tax on the money they receive.

b)

Money you get from selling something or providing a service to someone, after you deduct the cost of making that thing or providing that service.

c)

Amount of money that someone puts into a business with the aim of making that business successful and getting more money

d)

Things you own which have a financial value such as house, car or money in a bank.

17.

Profit

a)

Money you get from selling something or providing a service to someone, after you deduct the cost of making that thing or providing that service.

b)

Money you get from selling something or providing a service to someone, after you deduct the cost of making that thing or providing that service.

c)

To be legally responsible for something

d)

Amount of money that someone puts into a business with the aim of making that business successful and getting more money

18.

Assets -

a)

Things you own which have a financial value such as house, car or money in a bank.

b)

The money that you must spend on the day-to-day cost of the business

c)

Not to have a boss. One organizes their own work and people pay for the goods or services provided. The person is responsible for paying tax on the money they receive.

d)

Amount of money that someone puts into a business with the aim of making that business successful and getting more money

19.

Liable -

a)

To be legally responsible for something

b)

Not to have a boss. One organizes their own work and people pay for the goods or services provided. The person is responsible for paying tax on the money they receive.

c)

Things you own which have a financial value such as house, car or money in a bank.

d)

To be illegally responsible for something

20.

What is Legal English -

a)

English is a part of English for specific purposes and can be considered a specialism within English language learning and teaching, or a variant of international English

b)

primarily a person enrolled in a school or other educational institution and who is under learning with goals of acquiring knowledge, developing professions and achieving employment in a desired field

c)

Law is a system of rules created and enforced through social or governmental institutions to regulate behavior, with its precise definition a matter of longstanding debate. It has been variously described as a science and the art of justice.

d)

English is the type of English as used in legal writing. In general, a legal language is a formalized language based on logic rules which differs from the ordinary natural language in vocabulary

21.

Did you like the quiz?

a)

Yes 90 %-100%

b)

50%50

c)

I don't know. I don't have opinion

d)

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