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unit 19

Total questions: 50

Worksheet time: 25mins

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 form 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 savings account

c)

A deposit account

d)

A current account

13.

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

a)

He withdraws money form his account

b)

He withdraws money form 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)

Evalute

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)

Withdraw

b)

Withdrawn

c)

Withdrawed

d)

Dawn

20.

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

a)

Guaranteed

b)

Guarantee

c)

Warrantee

d)

Granted

21.

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)

A financial accounting

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 its 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)

Corperate 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 authorize 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)

Current account

c)

Time 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)

Withdrawn

b)

Withdrawls

c)

Withdrawing

d)

Withdrawal

42.

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

a)

Economy

b)

Economist

c)

Economically

d)

Economical

43.

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

a)

Special

b)

Specially

c)

Specialize

d)

Specialists

44.

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

a)

Valuation

b)

Valuables

c)

Valuably

d)

Valuable

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)

Depositaries

b)

Depositors

c)

Deposited

d)

Depositing

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)

Economy

b)

Economists

c)

Economically

d)

Economical

47.

Today the great banks of the world have many functions in addition to acting as guardians of ________

(value) private possessions.

a)

Valuation

b)

Valuables

c)

Valuably

d)

Valuable

48.

For the safety, ________ (convenient) and many other benefits, the number of people opening a bank

account is increasing.

a)

Convenience

b)

Convenient

c)

Inconsistent

d)

Conveniently

49.

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

a)

Withdrawn

b)

Withdrawal

c)

Withdrawing

d)

Withdraws

50.

To open an account, the ________ (apply) is required to fill in an account opening application form

and to deposit some money.

a)

Application

b)

Applying

c)

Applicant

d)

Applied