Unit 5 - English for Banking and Finance

How much can you spend with a debit card?

• as much as you have available in your bank account
• £200 a day
• £50
• it depends on your credit limit

The money that you borrow from a banking institution is called a ….......

• loan
• deposit
• guarantee
• commission

The percentage of deposits that banks are required to hold in reserve is called the ….......

• reserve rate
• federal funds rate
• loan rate
• interest rate

What are two main types of bank account?

• savings and current
• current and credit
• savings and premier
• savings and cheque

To open a …....... account it is necessary to see the branch manager.

• current
• savings
• checking
• deposit

Net salary is salary after …....... of tax and social security.

• deduction
• imposing
• grant
• provide

Investors hope to receive …....... regularly for their invested money.

• dividends
• profit
• pension
• money

In most markets the manufacturers provide a steady …....... of the goods traded.

• supply
• demand
• provide
• use

The …....... year is a period of twelve months for which a business plans its management of money.

• financial
• basic
• economy
• effective

The …....... price is the amount of money someone wants when they sell something.

• asking
• purchase
• cost
• bid