Revision Quiz - Business English semester 4

Banks __________ the needs of several types of customers.

• satisfy to

• satisfy

• cater to

• cater with

What is "a clearing house" in French ?

• une chambre de compensation

• une banque commerciale

• une banque de détail

• une chambre de règlement

When you've missed a payment, you might receive a letter indicating your account is ...

• indebted

• in debt

• in arrears

• overdrawn

How are merchant banks different from high-street banks ?

• They are not.

• They do not offer loans.

• They are not under the supervision of central banks.

• They don't work with the same type of customers.

Credit unions ...

• ... are controlled by their members.

• ... arrange mergers and acquisitions.

• ... offer bridging loans exclusively.

• ... offer different financial services than banks.

What would be the best translation for "a revolving credit" ?

• Un crédit renouvelable

• Un crédit récurrent

• Un crédit de soutien

• Un crédit remboursable

Which of these is not a form of payment ?

• a draft

• a standing order

• direct debit

• a unit trust

What's the English for "caisse d'épargne" ?

What happens if you write out a rubber cheque ? (several correct answers)

• it will be bounced

• the payee will bank the cheque

• the bank may take funds from your savings account

• you will have to pay bank charges

What makes a payday loan a predatory type of credit ? (several correct answers)

• Payday loan providers check your credit score very attentively.

• It comes with high interest rates and fees.

• It is predominantly advertised among people who are already struggling financially.

• It is not approved by the Federal Reserve.