Review

You have already passed this section on 2015-03-01 at 12:46.

Part I

Fill in the missing words and expressions. The first letter prompt will help you fill in the right word or expression.

You answered 0 of 10 questions correctly in this part of the test.

  1. I thought that the real estate prices reached their  [peak] last year and they wouldn't go up anymore. I was wrong. Now, I will never have my own house.
  2. Our accounts  [payable] department processes more than 1 million invoices and issues more than 250,000 payments per year.
  3. Certain basic financial reports are used to present the score in business – the  [balance]sheet, income statement, statement of retained earnings, and statement of changes in financial position.
  4. I agreed with my friend on a bilateral  [barter] exchange: I will teach her English and she will cook dinner for me in return.
  5. The previous owners of the house had fallen behind in their mortgage payments and the bank  [foreclosed] on it and is now looking for a new buyer.
  6. Thanks to a legal  [loophole] and good layers he avoided going to prison. There was no law he broke, although, what he did, was not exactly ethical.
  7. Banks make profits from the  [spread] or differential between the interest rates they pay on deposits and those they charge on loans.
  8. He was offered a  [floating] rate of 7.5 percent that soon became eight percent in one year.
  9. In some European countries there are  [universal] banks which combine deposit and loan banking with share and bond dealing, investment advice, etc..
  10. Many domestic manufacturers fear that new Chinese companies will introduce  [dumping]cotton prices and force them to abandon production as a result of unfair competition.

Part II

Chose the best word or phrase from the choices.

You answered 0 of 10 questions correctly in this part of the test.

  1. The  [bust] came in 1999 when the Russian economy crashed and the rouble devalued and the real wages went down rapidly.
  2. The market consisting of the country where a company is based and no other countries: [Domestic market]
  3. Company cars depreciate quickly. We write them  [off] completely after five years.
  4. A fall in interest rates has  [driven down] the bank's interest rate margin.
  5. The  [interest] rate on the loan was 15 per cent.
  6. A current account usually pays little or no interest, but allows the holder to  [withdraw] his or her cash with no restrictions:
  7. If you inherit a lot of money, you  [are liable] for capital transfer tax.
  8. In the US, ‘accounts  [receivable] ' refers to customers that owe the company money
  9. A contract which allows another company to make your product and states the terms of payment:  [A licence]
  10. He offered his home as security or  [collateral] when he borrowed from the bank.