Answer Key

Banking and Finance - General Overview – Practice 2

Fill in the gaps with the appropriate word or phrase in the correct form.
  1. 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.
  2. Since I sometimes spend more than I have in my current account, I have arranged an .
  3. Banks make profits from the  or differential between the interest rates they pay on deposits and those they charge on loans.
  4. Margo was not able to pay off her student loan and so her parents decided to  her out and paid to the bank all the money she owed.
  5. The company owed large sums of money to its contractors and had other , such as open credits and loans, which altogether made it a rather poor investment.
  6. There has been some rumor about the two biggest Czech banks planning to  next year and take over the East-European markets as one.
  7. In some European countries there are  banks which combine deposit and loan banking with share and bond dealing, investment advice, etc..
  8. As you always forget to pay your bills on time, maybe you should consider arranging a direct  with your bank?
  9. Banks‘  range between short-term credit, such as overdrafts or credit lines, and long-term loans, for example to buy a house or capital equipment.
  10. Internet and mobile banking are just two products in our rich .