2 Banking and Finance Vocabulary Quiz

Your _________________ rate determines the repayments you make on the money you borrow from a bank.

• repayment

• internal

• interest

• deposit

The money you borrow from a bank is called a _________________.

• loaner

• credit

• lone

• loan

I have to _________________ another loan.

• take out

• go for

• take in

• apply for

If you'd like to buy a house, you will probably have to take out a _________________.

• lease

• marriage

• mortgage

• statement

A _________________ mortgage ensures that your interest rate will not change.

• fixed rate

• fixed level

• variable rate

• adjustable rate

Your home may be _________________ if you don't keep up repayments on your mortgage.

• foreclosed

• repossessed

• repositioned

• retaken

Usually banks have two types of personal accounts - checking and _________________.

• savings

• saver

• deposit

• save

You can _________________ paying account fees if you keep a minimum daily balance of $1000 on your account.

• access

• eliminate

• avoid

• avert

P1: What's the _________________ on my account? P2: It's $450.

• bail

• money

• balance

• total

Usually, higher balances earn higher _________________ .

• levels

• returns

• cash

• rates