WorksheetsEnglish 151-200
Total questions: 51
Worksheet time: 26mins
What is a sales force?
A group of employees responsible for selling a company’s products
A government body regulating income taxes
A legal team handling lawsuits
A wholesale group managing distribution
A shareholder group voting in meetings
What does (at) sight mean in finance?
Payment is due immediately upon presentation of a bill
Payment is delayed until maturity
A loan agreement between two banks
An interest rate set by the government
A shareholder’s equity contribution
When is a bill due at maturity?
On the date specified for final payment
Immediately upon presentation
When the lender requests early repayment
After the bill is dishonoured
Only after collateral is deposited
What is an account in banking?
A financial record of transactions between a customer and a bank
A legal claim in court
A certificate of inspection
A promotional business document
A type of bullion market
What are auditing rules?
Standards guiding the examination of financial statements
Government tariffs on imports
Regulations for customs declarations
Procedures for shipping documents
Marketing strategies for banks
What is the backroom of the financial system?
The less visible administrative and support operations of banks
The physical cash stored in vaults
The area where bullion is traded
The stock exchange floor
The offices of corporate directors
Which of the following is a central bank?
The primary monetary authority regulating money supply and interest rates
A retail commercial bank offering deposit accounts
A merchant bank providing trade finance
A domiciled bank in a foreign country
A confirming bank for letters of credit
What is a bank bail-out?
Government financial support to prevent a bank’s collapse
The repayment of a dishonoured bill
A takeover of bank shares by investors
A fee charged for commercial invoices
A system of free trade between banks
What are bank notes?
Paper currency issued by banks as legal tender
Written records of auditing rules
Certificates of inspection for exports
Receipts for government bonds
Reports on interest rates
What is bankruptcy?
A legal state in which an individual or company cannot repay debts
A short-term overdraft on an account
A dishonoured bill of exchange
A fee charged on securities transactions
A type of investment swap
What is a bill of exchange (B/E)?
A written order binding one party to pay another a specified sum
A promotional financial invoice
A customs clearance form
A government bond
A collateralized debt obligation
What is a bill of lading?
A shipping document acknowledging receipt of goods for transport
A certificate of origin issued by customs
An insurance certificate
A bill dishonoured by the drawee
A commercial invoice
What is a binding form of payment?
A legally enforceable method of settling a debt
A negotiable certificate of inspection
A shareholder’s goodwill contribution
A promissory note for future exchange
A corporate customer agreement
Who are the Board of Governors?
The main governing body of the Federal Reserve System
Shareholders attending an annual meeting
Bank auditors checking corporate accounts
Customs officers supervising trade
Insurance company executives
What is the bullion market?
A marketplace for trading gold and silver
A system of commercial invoices
A certificate of inspection office
A promotional campaign for banks
A customs form authority
What is a CAD transaction (cash against documents)?
Payment made upon receiving shipping documents
Payment deferred until maturity
Exchange of government bonds
Deposit of collateral in a bank
Automatic debit of an account
What is a certificate of inspection?
A document verifying that goods meet required standards
A receipt for interest payments
A bill issued at sight
A promissory note from a bank
An IOU for outstanding claims
What is a certificate of origin?
A document stating where goods were produced
A bill of exchange issued at maturity
A claim form for damaged goods
An invoice certified by a bank
A letter of credit from customs
What does to charter a ship mean?
To hire or lease a vessel for transport
To insure a shipment against risk
To issue a certificate of inspection
To apply for a bank loan
To redeem a bill of exchange
What is a check in banking?
A written order directing a bank to pay a specific sum
A certificate of origin for exports
A bullion trade receipt
A negotiable security swap
A consular invoice
What is a checking account?
A bank account that allows frequent deposits and withdrawals by check
A savings account earning high interest
A commercial invoice for exporters
A structured investment vehicle
A bullion market certificate
What is an outstanding claim?
A demand for payment that has not yet been settled
A dishonoured bill from a bank
A receipt for a corporate customer
A shareholder’s tax liability
A certificate of inspection
What is a clean bill?
A bill of exchange free of conditions or defects
A dishonoured bill returned unpaid
A certificate of origin from customs
A bank note issued at sight
A consular invoice
What is a code of practice?
A set of guidelines for professional or financial conduct
A legal form of payment
A bullion trading system
A shipping document
A liability insurance policy
What are collateralised debt obligations (CDOs)?
Securities backed by pools of loans or assets
Certificates of inspection issued by customs
IOUs for outstanding claims
Bills payable at sight
Commercial bank facilities
What is a commercial invoice?
A document issued by a seller listing goods and prices for a buyer
A claim for outstanding damages
A certificate of inspection
A bank note issued at maturity
A shipping document of lading
What is a consular invoice?
A document certified by a consul for customs clearance
A certificate of inspection by shippers
A bill of exchange issued abroad
A corporate bank receipt
A letter of credit
Who is a corporate customer (entity)?
A business or organization holding accounts with a bank
An individual depositor in a savings account
A guarantor for insurance contracts
A shareholder with stock options
A customs officer
What is counterfeiting?
The illegal imitation of currency or financial documents
The dishonouring of a bill of exchange
The redemption of government bonds
The issuing of commercial invoices
The securitization of debt
What is a credit crunch?
A severe shortage of credit and lending in the financial system
A rapid increase in foreign exchange rates
A dishonoured bill from a borrower
A structured investment vehicle
A promotional campaign by banks
What are currencies?
Different forms of money used in international trade
Bills of lading for shipping
Certificates of inspection for goods
Securities backed by mortgages
IOUs for corporate entities
What is a current account?
A bank account for day-to-day transactions
A long-term savings account
A bill of exchange payable at maturity
A structured investment vehicle
A commercial invoice
What is a customs form?
A document used for declaring goods at borders
A certificate of inspection
A consular invoice
A claim for outstanding damages
A shareholder’s tax declaration
What is damage in trade terms?
Harm or loss caused to goods or property
A bank note issued at sight
A dishonoured bill of exchange
A claim settled by a guarantor
An IOU for repayment
What is a deposit account?
A bank account used to store money for safekeeping
A bill of exchange issued at sight
A certificate of origin
A collateralised debt obligation
A customs clearance form
Who is a depositor?
A person who places money into a bank account
A borrower receiving a loan
A guarantor in a financial contract
A corporate shareholder
A customs inspector
What are derivatives?
Financial instruments whose value depends on underlying assets
Certificates of inspection for goods
Bills of exchange issued at maturity
IOUs for outstanding claims
Insurance certificates
What is a direct debit?
An automatic withdrawal of funds from a bank account
A dishonoured bill of exchange
A deposit into a savings account
A guarantee issued by a bank
A loan repayment at maturity
What is a dishonoured bill?
A bill of exchange refused or unpaid by the drawee
A bill of lading issued at sight
A certificate of inspection
A clean bill of exchange
A commercial invoice
What does dispatch the consignment mean?
To send goods to their destination
To insure goods against loss
To inspect goods before shipping
To pay for a clean bill
To guarantee a loan
What is a documentary credit?
A letter of credit backed by trade documents
A customs clearance form
A commercial invoice
A bill of lading
A consular invoice
What is a D/A transaction (documents against acceptance)?
Release of documents to the buyer upon acceptance of a bill of exchange
Immediate payment upon receipt of documents
Government issuance of bonds
Bank overdraft for exporters
Insurance payment for damage
What is a D/P transaction (documents against payment)?
Release of documents only after the buyer makes payment
Documents exchanged before shipment
Bills of exchange issued by the seller
A guarantee from the bank
A certificate of origin
In a bill of exchange, who is the drawee?
The party ordered to pay the bill
The party who draws the bill
The bank guaranteeing payment
The exporter of goods
The insurance company
What are earning assets?
Assets that generate income for the holder
Securities backed by debt obligations
Certificates of inspection
Bills of exchange
Corporate invoices
What is an economic variable?
A measurable factor that can change and influence the economy
A government-issued certificate
A shareholder’s equity investment
A customs clearance form
A corporate promotional tool
What is emergency liquidity?
Rapid financial support provided to institutions during crises
A long-term loan agreement
A bill payable at maturity
A customs clearance credit
A structured investment vehicle
What is a Eurobond?
An international bond issued in a currency different from the issuer’s country
A bill of exchange issued in Europe
A certificate of inspection for EU exports
A type of commercial invoice
A European central bank note
What are commercial bank facilities?
Financial services provided by banks to businesses
Certificates of origin for shipments
Customs forms for exporters
Government bonds issued abroad
IOUs for corporate debts
What is fair-value accounting?
A system of valuing assets and liabilities at current market value
A method of issuing commercial invoices
A promotional code of practice
A certificate of inspection for exports
A shareholder’s goodwill contribution
What is the Federal Deposit Insurance Corporation (FDIC)?
A U.S. agency that insures bank deposits against loss
A private bank issuing Eurobonds
A customs authority for imports
A government department handling shipping
A structured investment vehicle
