Answer Key
Vocabulary test
Drag & drop: Fill in the missing expression. Use the following words and phrases:
- accrue
- owe
- exchange
- mortgage
- borrow
- lend
- debit
- penalized
- service
- default
- I would like to help you, but I already [owe] about 3000 dollars to my credit card company for things I bought last month, so I can't loan you anything at the moment.
- Columbia announced today that it plans to [default] on a 700 million dollar loan from the IMF in the face of a worsening economic situation and political unrest.
- Because most people are unable to buy a house on their own, banks will often be willing to [mortgage] them with the hopes of collecting interest over a long period.
- If you [lend, loan] money to someone, you should set up firm conditions about when and how they will pay you back.
- Most banks provide [exchange] services, so that you can purchase some local currency before you go on holiday.
- For every day that your account is overdrawn, you will be [penalized] the sum of twenty-five dollars.
- Hey, Mom, can I [borrow] twenty dollars, I need to put some gas in my car but I left my wallet at my girlfriend's house.
- Interest can [accrue] in several ways – daily, weekly, monthly and yearly. But regardless of how it is calculated, it all goes into your account.
- Every time you use your ATM card, the bank will [debit] your account in the corresponding amount.
- In order to [service] their overwhelming debt, the People's Republic of China plans to sell off large reserves of gold on the international market.