Review

 

Part I

Fill in the missing words and expressions. The first letter prompt will help you fill in the right word or expression.
  1. I thought that the real estate prices reached their  last year and they wouldn't go up anymore. I was wrong. Now, I will never have my own house.
  2. Our accounts  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  sheet, income statement, statement of retained earnings, and statement of changes in financial position.
  4. I agreed with my friend on a bilateral  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  on it and is now looking for a new buyer.
  6. Thanks to a legal  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  or differential between the interest rates they pay on deposits and those they charge on loans.
  8. He was offered a  rate of 7.5 percent that soon became eight percent in one year.
  9. In some European countries there are  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  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.
  1. The  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: 
  3. Company cars depreciate quickly. We write them  completely after five years.
  4. A fall in interest rates has  the bank's interest rate margin.
  5. The  rate on the loan was 15 per cent.
  6. A current account usually pays little or no interest, but allows the holder to  his or her cash with no restrictions:
  7. If you inherit a lot of money, you  for capital transfer tax.
  8. In the US, ‘accounts  ' 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: 
  10. He offered his home as security or  when he borrowed from the bank.