Answer Key
Banking and Finance - General Overview – Practice 2
Fill in the gaps with the appropriate word or phrase in the correct form.
- 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.
- Since I sometimes spend more than I have in my current account, I have arranged an .
- Banks make profits from the or differential between the interest rates they pay on deposits and those they charge on loans.
- 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.
- 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.
- There has been some rumor about the two biggest Czech banks planning to next year and take over the East-European markets as one.
- In some European countries there are banks which combine deposit and loan banking with share and bond dealing, investment advice, etc..
- As you always forget to pay your bills on time, maybe you should consider arranging a direct with your bank?
- 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.
- Internet and mobile banking are just two products in our rich .