UNIT 4. FINANCE.

LESSON 1
Choose the correct answer:

1. Because of the dramatic drop in _________ last year, the government has been
considering increasing certain taxes.
A. revenue B. surplus C. liabilities

2. What are the bank's liabilities?

A. creditors B. depositors C. competitors

3. Prices of Greek companies went dramatically down due to the political instability and
an overall negative __________
A. market performance B. creditworthiness C. market sentiment

4. A current account usually pays little or no interest, but allows the holder to _________
his or her cash with no restrictions.
A. withdraw B. bail out bão lãnh C. overdraw

5. What is a liquidity crisis?

A. too many withdrawals of funds
B. low interest rates C. too much credit in the system

6. Standing orders and _________ are ways of paying regular bills at regular intervals.
A. overdrafts B. direct debits C. deposits

7. The examples of fee-driven services are: __________

A. an atm access, a revenue, a surplus B. an overdraft, an atm access, a surplus
C. an overdraft, an atm access, selling stocks and shares

8. It is usually the role of the __________ bank to fix the minimum interest rate.
A. central B. commercial C. merchant

9. A fall in interest rates has __________ the bank's interest rate margin.
A. bailed out B. driven down C. facilitated

NSF - cash - deposit - checkbook – bounce - assets - portfolio – liabilities - universal

– consolidate – spread - overdraft – debit – bail – creditworthiness - bank card – traveler’s
checks - current account – savings account

10. When I got my first job, I chose to open a _________ since I wanted to to use it for for
my day-to-day banking needs. current account
11. A _________ wouldn't allow people to withdraw money whenever they need it.
savings account
 checkbook
12. Banks give customers a _________ which allows them to write checks to pay for goods
and services
bank card
13. A _________ allows customers to withdraw cash from an ATM.

14. Leila wants to __________

cash her check because she needs the money right away.
traveler's checks
15. I am going to buy _________ because I don't want to carry cash when I go to Paris.

16. Alan _________

bounce two checks this month. Now, he must pay two ________
NSF charges
because of it.

17. Jane's salary is _________

deposited directly into her bank account.

18. In some European countries there are ________

universal banks which combine deposit and loan
banking with share and bond dealing, investment advice, etc..

19. Since I sometimes spend more than I have in my current account, I have arranged an
__________.
overdraft

20. As you always forget to pay your bills on time, maybe you should consider arranging
a direct _________
debit with your bank?

21. Internet and mobile banking are just two products in our rich __________.
portfolio

22. The company owed large sums of money to its contractors and had other _________,
liabilities
such as open credits and loans, which altogether made it a rather poor investment.

23. There has been some rumor about the two biggest Czech banks planning to __________
consolidate
next year and take over the East-European markets as one.

24. Banks make profits from the __________

spread or differential between the interest rates they
pay on deposits and those they charge on loans.

25. Since he was unemployed and failed to pay off his previous loans with another bank,
his low _________ made it impossible for him to get a mortgage.
creditworthiness
26. Margo was not able to pay off her student loan and so her parents decided to
__________
bail her out and paid to the bank all the money she owed.

27. Banks‘ __________

assets range between short-term credit, such as overdrafts or credit lines,
and long-term loans, for example to buy a house or capital equipment.