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Unit19

Total questions: 61

Worksheet time: 31mins

Name
Class
Date
1.

. If you want to buy a house, .................

a)

the bank will buy the house for you.

b)

you will get stocks from the bank to buy the house.

c)

. the bank offers you a mortgage.

d)

. you lend the bank money.

2.

The ................. are the persons who prepare financial accounting.

a)

. tellers

b)

accountants

c)

customers  

d)

bank holders

3.

. Making a note of a double entry means .................

a)

. to credit an account

b)

to debit an account

c)

. to credit and debit in one account with the same amount

d)

. to credit and debit in two accounts with the same amount

4.

. Current bank account is opened by businessmen ................. have a higher number of regular transactions with the bank.

a)

whom

b)

whose

c)

which

d)

who

5.

Another way to say "debit card" is .................

a)

. credit card

b)

plastic card

c)

. bank card

d)

. ATM

6.

. Is there ................. around here somewhere? (= a cash machine)

a)

. an electronic machine

b)

an ATM

c)

. a money machine

d)

a standing order

7.

. If you’ve lost your bank card you can ................. for a new one.

a)

. reply                 

b)

. apply

c)

. fill

d)

deposit

8.

You don't have any ................. (= money) in your account.

a)

. funds

b)

. fun                    

c)

. funding

d)

. coins

9.

. The bank ................. my husband's credit card because he didn't pay his credit card bills.

a)

. reneged

b)

. retracted          

c)

. cancelled

d)

rejected

10.

A document which shows all your withdrawals and deposits in an account (usually for one month) is called a "bank ................."

a)

. stapler              

b)

. bill

c)

. account

d)

. statement 

11.

. I'd like to ................. some money to my other account

a)

transfer

b)

. change              

c)

. withdraw

d)

deposit

12.

................. is used for day-to-day expenses by writing cheques anywhere at any time. With a cheque-book, the payment of everyday bills can be easy.

a)

. A joint account

b)

A deposit account

c)

A savings account

d)

. A current account

13.

A current account holder has to pay a monthly service charge when .................

a)

. he withdraws money from his account

b)

. he withdraws money from another’s account

c)

he withdraws to leave the balance smaller than the minimum

d)

he withdraws to leave the balance larger than the minimum

14.

. Banks exchange foreign currencies for people going abroad and sell traveler’s cheques protected ................. loss or theft

a)

. for                     

b)

. against

c)

with

d)

. about

15.

. If the borrower does not repay the mortgage, the bank can ................. the house or flat and sell it.

a)

repossess

b)

. withdraw

c)

. evaluate

d)

. exchange

16.

The customers’ deposits are the bank’s ................. because this money is owed by that bank to the customer depositing it in the bank.

a)

assets

b)

. liabilities         

c)

. capital

d)

. cash

17.

The rates of interest on long-term deposits are ................. those on short-term ones.

a)

. higher than

b)

. lower than

c)

. the same as

d)

similar to

18.

Most banks provide their savings account customers with a passbook .................  records all their transactions

a)

. where

b)

whose 

c)

. which

d)

who

19.

In current account, amount can be deposited and ................. at any time without giving any notice.

a)

. withdrawn

b)

withdraw

c)

withdrawed

d)

. drawn

20.

A cashier's check is a check that's ................. by a bank.

a)

. guaranteed

b)

. guarantee

c)

warrantee

d)

. granted

21.

1. This is the general name for the ‘place’ where you keep your money safely.

a)

a house

b)

. a bank account

c)

. a bank clerk

d)

. an account holder

22.

This is the person who works in a bank and gives you your money and helps you with enquiries.

a)

. a bank loan

b)

a bank account

c)

a bank clerk

d)

an account holder

23.

. If you do this, you have to pay some extra money because you borrowed some money from the bank

a)

to save money

b)

to deposit money

c)

to withdraw money 

d)

. to pay interest

24.

You have one of these if you have borrowed money from the bank, perhaps to buy a car or a computer

a)

a bank loan

b)

. a bank account

c)

. a credit card

d)

a current account

25.

. An amount of money paid to a bank for keeping of an account

a)

. account charge

b)

. cash

c)

. interest

d)

account holder

26.

Remaining amount of money in an account.

a)

cash

b)

. interest                          

c)

. balance                         

d)

. charge

27.

A sheet of paper consists of 5 columns: Date, Details, Debits, Credits and Balance.

a)

. standing order

b)

account statement      

c)

checkbook 

d)

. bank account

28.

. A kind of account which pays interest, but from which notice usually has to be requested to withdraw money

a)

. demand account

b)

current account        

c)

savings account

d)

Deposit account

29.

. A kind of account which is opened for a business.

a)

. corporate account

b)

sole account

c)

personal account

d)

joint account

30.

A kind of account which is opened for individuals.

a)

. corporate account

b)

sole account

c)

. personal account

d)

. joint account

31.

Any activity (withdrawal, deposit, etc.) performed by the holder of an account.

a)

statement

b)

transaction

c)

overdraft

d)

standing order

32.

Deficit in a bank account caused by withdrawing more money than is paid in.

a)

deposit

b)

. withdraw

c)

loan

d)

. overdraft

33.

. An instruction to a bank to make regular payments.

a)

. standing order

b)

transaction

c)

checkbook

d)

paying-in slip

34.

. Small document recording money that you pay in to a bank account.

a)

. standing order

b)

statement

c)

. checkbook

d)

paying-in slip

35.

(Plastic) card from a bank authorizing the purchasing of goods on credit.

a)

. debit card

b)

credit card        

c)

deposit slip

d)

cash card

36.

A kind of account which pays no interest and from which customers can withdraw money at any time

a)

deposit account

b)

time account   

c)

current account

d)

. business account

37.

. This means that you put money into your account.

a)

to deposit money        

b)

. to withdraw money

c)

to save money 

d)

. to pay money

38.

This is actual money that you can hold e.g notes and coins.

a)

. cash                   

b)

. assets

c)

. liabilities

d)

. account

39.

A person who holds (has) an account in a bank

a)

borrower

b)

depositor

c)

customer

d)

. account holder

40.

A bank employee that deals directly with customers, receiving and paying out money.

a)

a holder

b)

. a teller

c)

. a counter

d)

a depositor

41.

Nearly all customers have a debit card allowing them to make ….... (withdraw) and do their transactions at cash dispensers.

a)

withdrawals

b)

.withdraw

c)

withdrawing

d)

.withdraws

42.

Banks are closely concerned with the flow of money into and out of the …... (economic).

a)

A.economic

b)

economy

c)

economical

d)

.economize

43.

. Banks are …... (special) in the business of providing capital, and in allocating funds on credit.

a)

special

b)

.specialists

c)

specialize

d)

specially

44.

Banks originated as places to which people took their …... (value) for safe-keeping.

a)

.values

b)

.valuation

c)

valuables

d)

.value

45.

The primary function of a bank today is to act as an intermediary between …... (deposit) who wish to make interest on their savings, and borrowers who wish to obtain capital

a)

deposited

b)

depositors

c)

depositing

d)

deposit

46.

. The bank is a reservoir of loanable money, with streams of money flowing in and out. For this reason, …... (economic) and financiers often talk of money being liquid.

a)

economists

b)

economy

c)

.economical

d)

economic

47.

Today the great banks of the world have many functions in addition to acting as guardians of ….... (value) private possessions.

a)

value

b)

.valuer

c)

.valuable

d)

.valuables

48.

For the safety, …... (convenient) and many other benefits, the number of people opening a bank account is increasing

a)

conveniently

b)

inconvenience

c)

.convenience

d)

convenient

49.

A …... (withdraw) slip is normally used to withdraw money from an account.

a)

.withdrawn

b)

.withdew

c)

withdrawal

d)

.withdraw

50.

Current account …... (hold) can withdraw money from their account by writing cheques. In this case, they do not need to write their names as the payee of the cheque.

a)

.hold

b)

holders

c)

holding

d)

.held

51.

To open an account, the ….(apply) is required to fill in an account opening application form and to deposit some money

a)

.apply

b)

applicant

c)

applicable

d)

application

52.

. When people have more money than they need to spend, they may deposit it in a bank account at a ..... (commerce) or retail bank, that generally pays interest to them.

a)

commerce

b)

. commercial

c)

. commerces

53.

The bank then uses the money deposited to grant loans to borrowers. Banks make profit by charging higher interest rate to borrowers than that they pay to .... (deposit).

a)

. deposition           

b)

. deposit

c)

depositors

d)

. deposited

54.

. Banks often cooperate with governments in efforts to .... (stable) economies and prevent inflation.

a)

stable

b)

stabilize

c)

stables

d)

stabled

55.

. Most customers have a credit card used for buying goods and ..... (serve) as well as for borrowing money

a)

.services

b)

serve 

c)

server

d)

served

56.

. In some countries, people pay bills by bank transfer including standing order, used to pay regular fixed sums of money, and direct debits, used when the .... (pay) amount and date vary.

a)

payable

b)

pay

c)

. payment         

d)

. payer

57.

Banks can offer overdrafts, allowing customers to overdraw an account – they can have a debt, up to an agreed limit, on which interest is .... (calculate) daily.

a)

. calculate           

b)

. calculated

c)

calculates

d)

calculation

58.

. Before going on business, the director has prepared some blank cheques for the chief ..... (account).

a)

.accountant

b)

. account

c)

. accountability

d)

accounted

59.

The .... (balance) between demand for and supply of a specific foreign currency causes problems for banks.

a)

balance

b)

unbalance

c)

balanced

60.

. Current bank account is opened by businessmen who have a higher number of regular transactions with the bank. It includes deposits, ... (withdraw), and contra transactions.

a)

withdrawals

b)

withdraw

c)

withdrawal

d)

withdrawn

61.

most retail banks have......(standard) products for personal customers ,such as personal loans.

a)

standardizing

b)

standardization

c)

standard

d)

standardized