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BÀI TRẮC NGHIỆM TIẾNG ANH CHUYÊN NGÀNH NGÂN HÀNG
TRÌNH ĐỘ CƠ BẢN
FINANCE – BANKING VOCABULARY TEST
Choose the correct word to complete each sentence :
1. The great advantage of using …………. for payments is that you don’t have to
carry large amounts of cash around with you.
a/ Checks b/ Bills of exchange c/ Promissory notes
2. To put money into the bank:
a/ To deposit b/ To withdraw c/ To endorse
3. To subtract money from an account
a/ Credit b/ Debit c/ Clear
4. To make two accounts match with each other .
a/ Honour b/ Present c/ Reconcile
5. Interest…………..are their lowest level since the 1980’s.
a/ Figures b/ Rates c/ Numbers
6. The remaining amount of money in an account .
a/ Credit b/ Debit c/ Balance
7. The money that you borrow from a banking institution is called a……..
a/ Loan b/ Deposit c/ Commission
8. Money in the form of bank notes and coins
a/ Cash b/ Cashier c/ Cashew
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9. A customer can deposit and withdraw the money in a -----------------
at any time without waiting for a period of time.
a/ demand deposit account b/ time deposit account c/ savings account
10. ……………………involves recording every purchase and sale that a business makes,
in the order that they take place, in journals.
a/ Bookkeeping b/ Accounting c/ Auditing
11. The ……………….represents the total value of the goods and services produced
by a country over some unit of time (a month, a season, a year etc.).
a/ Gross Domestic Product b/ Gross Profit Margin c/ Gross National Income
12. An economy that lacks a commonly accepted currency, so all exchanges must be
made with goods and services because money does not exist in these economies.
a/ Monetary economy b/ Barter economy c/ Commodity economy
13. The ……………………… measures how much the price of a basket of consumer
goods has changed over a given time period.
a/ Consumer Behavior Index
b/ Consumer Confidentiality Index
c/ Consumer Price Index
14. ……………………. acts as a unit of account, a store of value, and a medium of
exchange in transactions.
a/ Currency b/ Cash c/ Money
15. . ………are people who put money into a business in the hope of making a profit.
a/ Borrowers b/ Spenders c/ Investors
16. A record of a depositor’s deposits and withdrawals.
a/ Accounting b/ Accountant c/ Account
17. Payment by the bank for the use of a depositor’s money.
a/ Principal b/ Interest c/ Loan
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18. In order to withdraw money the bank requires your…………..
a/ Statement b/ Savings account c/ Signature
19. When you give money to a bank, who are you?
a/ A borrower b/ A depositor c/ A withdrawer
20. Things a company owns and uses in its business.
a/ Liabilities b/ Owners’ equity c/ Assets
21. The amount of money that the lender lends to the borrower.
a/ principle b/ principal c/ premium
22. When my friend needs a loan he offers the bank his house as……..
a/ debt b/ deposit c/ collateral
23. A small book that records a depositor’s deposits, withdrawals and interest payments
by the bank.
a/ Journal b/ Passbook c/ Ledger
24. I’m paying for my new car in 36 monthly …………..
a/ instalments b/ pieces c/ parts
25. In Japan, the US dollar is ……………………………….
a/ foreign money b/ strange money c/ a foreign currency
26. A depositor is ………….when he writes a check for more money than he has in his
account.
a/ overdrawn b/ debited c/ credited
27. What is the primary source of income for commercial banks?
a/ Fees b/ Deposits c/ Loans
28. How easily a company can turn some of its assets into cash.
a/ Efficiency b/ Solvency c/ Liquidity
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29. You are never too young to start----------some money in a savings account.
a/ Investing b/ Infusing c/ Interesting
30 . The bank’s ………….lists assets and liabilities.
a/ profit and loss statement b/ cash flow c/ balance sheet
31. Money received; in accounting, an entry made on the right side of an account.
a/ debit b/ credit c/ balance
32. The financial institution is as an intermediary since………..
a/ it gets deposits from customers and then it provides loans to customers.
b/ it operates between the buyers and the sellers.
c/ it takes capital from its reserve and offers to its creditors.
33. It may seem a long way into the future but in the end you will get some-----------
from your investment.
a/ Produce b/ Price c/ Benefit
34. Each business hopes to make a………….to satisfy the shareholders.
a/ Share b/ Profit c/ export
35. My husband would like to remodel the kitchen so I would like to………$20,000
for a second mortgage on our house.
a/ Lend b/ Deposit c/ Borrow
36. What is an overdraft ?
a/ A type of bank account.
b/ An agreed amount you can borrow when your account balance runs out.
c/ A check returned unpaid.
37. The accounting value of a company ( assets minus liabilities).
a/ Net profit b/ Net worth c/ Net sales
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38. We are thinking of buying a house and we would like to talk to a………
a/ Borrowing guy b/ Checking supervisor c/ Loan officer
39. What role does the board of directors of a bank play?
a/ Make loans b/ Make deposits c/ Oversee bank activities
40. Regular bank statements will be sent to you by post, listing recent………..
a/ payments b/ events c/ transactions
41. After they have been paid in, cheques usually take three working days to…..
a/ pass b/ credit c/ clear
42. Houses, bungalows, apartments, offices, shops and other any type of building you
can own are called…………..
a/ housing b/ property c/ buildings
43. When the government doesn’t control the exchange rate in any way, the currency
is ………………..
a/ freely convertible b/ totally convertible c/ absolutely convertible
44. Delayed, put off or postponed until a later time.
a/ Accrued b/ Amortized c/ Deferred
45. The ……………….shows how big a company’s profit is ( after interest and tax)
compared with the shareholders’ equity.
a/ Return on equity (ROE)
b/ Return on assets (ROA)
c/ Retained earnings / Total assets
46. Money owed by a company
a/ Accounts receivable b/ Accounts payable c/ Expense accounts
47. Allowing a customer time before he has to pay for goods or services :
a/ Debit b/ Coverage c/ Credit