1 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 2 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 3 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 4 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 5 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 6 48. Money borrowed by a company to finance its activities : a/ Debt b/ Debit c/ Deed 49. Debts which a company has to pay within the next accounting period : a/ Contractual liabilities b/ Current liabilities c/ Long-term liabilities 50. Closing of a company and selling of its assets : a/ Liquidity b/ Liquid c/ Liquidation 51.Capital for investment which may easily be lost in risky projects, but can also provide high returns : a/ Venture capital b/ Visible capital c/ Viable capital 52. Loan made with no collateral as security : a/ Secured loan b/ Unsecured loan c/ Soft loan 53. Loan where the borrower is not likely to pay : a/ Non-secured loan b/ Non-performing loan c/ Non-negotiable loan 54. To deposit share certificates with a lender / bank as security for money borrowed : a/ To pledge share certificates b/ To sell share certificates c/ To negotiate share certificates 55.To pay interest on a debt and also repay the principal at due date : a/ To service a debt b/ To schedule a debt c/ To set off a debt 56. A check for salary given by an employer to someone who works for him /her. a/ Bounced check b/ Paycheck c/ Crossed check 7 57. All the …………… you make on your account are recorded so that you can check the details at any time. a/ Movements b/ Activities c/ Transactions 58. The bank will simply not let you………….any money unless you can prove that you have been in regular employment for at least 3 years. a/ lend b/ provide c/ borrow 59. To find or supply money for someone or something. a/ to guarantee b/ to finance c/ to provide 60. Banks make their profits from the difference between the interest rate charged to borrowers and that paid to depositors, also known as … a/ mistake b/ margin c/ range 61. The central bank is ………….to the commercial banks which are meeting the liquidity problem. a/ the commercial lender b/ the lender of last resort c/ the corporate lender 62. An organized market for the issue of new securities and the exchange of second- hand ones. a/ stock exchange b/ foreign exchange c/ commodity exchange 63. The amount of money made from an investment is its…………. a/ rate of return b/ rate of interest c/ rate of exchange 64. All the money received by a person or a company is known as ……………. a/ aid b/ income c/ wages 65. Money paid by the government or a company to a retired person is a ……………. a/ pension b/ rebate c/ subsidy 66. The money needed to start a company is called………………………………. a/ aid b/ capital c/ debt 8 67. Money given to developing countries by richer ones is known as …………… a/ debt b/ aid c/ subsidy 68. A type of deposit account which pays a favorable rate of interest. a/ Savings account b/ Checking acount c/ Transaction account 69. Which of the following best describes the bank system? a/ Regulated and unsafe b/ Regulated and safe c/ Unregulated and safe 70. If ever you find you have an unexpected expense, you can always……… some money from your current account. a/ extract b/ withdraw c/ exit 71. Income a bank derives from loans and investment securities. a/ non-interest income b/ interest income c/ net income 72. Banking services offered to large companies. a/ consumer banking b/ retail banking c/ corporate banking 73.Two or more customers may apply for a …………………… a/ two-person account b/ joint account c/ together account 74. Debt which will not be paid and which has to be written off in the accounts book : a/ Bad debt b/ Critical debt c/ Doubtful debt 75. Not yet paid or completed : a/ Outstanding b/ Outright c/ Outgoing 76. Loan which is guaranteed by the borrower giving assets as security : a/ Secured loan b/ Securities loan c/ Securitized loan 9 77 . Members of a board of directors who are not full-time managers of the company. a/ Directors b/ Executice directors c/ Non-executive directors 78. Balance sheets of subsidiary companies grouped together into the balance sheet of the parent company : a/Comprehensive balance sheet b/ Consolidated balance sheet c/ Common balance sheet 79. Assets used by a company in its ordinary works ( such as cash, materials, finished products, monies owed by customers ) : a/ Fixed assets b/ Current assets c/ Liquid assets 80. Failure to carry out the terms of a contract, especially failure to pay back a debt : a/ Default b/ Deficiency c/ Delinquent 81. The government bank which regulates all commercial banks in a country is called ……………. a/ Investment bank b/ Merchant bank c/ Central bank 82. Being able to pay all debts on due date : a/ Insolvency b/ Solvency c/ Liquidity 83. Legal agreement where someone lends money to another person so that he can buy a property, the property being the security : a/ Mortgage b/ Security c/ Collateral 84. You can obtain cash at any time of the day or night from…… a/ an ATM b/ a bank teller c/ a bank receptionist 85.A numerical assessment of the risk of a potential borrower . a/ Credit rating b/ Credit risk c/ Credit history 86. Computerized banking is………. a/ Consumer banking b/ Corporate banking c/ Electronic banking 10 87. Name or value of coin or banknote e.g VND 1000, VND 10000, VND 50000. a/ Denomination b/ Denominator c/ Depreciation 88. An employee who serves customers in a bank for their deposits, withdrawals and other services. a/ Manager b/ Teller c/ Receptionist 89. The value of one currency in terms of another. a/ Interest rate b/ Exchange rate c/ Option rate 90. A statement sent regularly to customers – showing debits, credits and the balance of the account. a/ Income statement b/ Cash flow statement c/ Account statement 91. Movement of money from one bank account to another one. a/ Transfer b/ Trade c/ Travel 92. A debt instrument that bears interest and promises repayment. a/ Share b/ Bond c/ Check 93. The net worth or equity of the shareholders’ investment in a company. a/ Cash b/ Credit c/ Capital 94. Units of equity of companies which may be bought and sold on the stock exchange and may rise and fall in value. a/ Shares b/ Standing order c/ Security 95. ………………consist of everything a company owes. a/ Liabilities b/ Owners’ equity c/ Assets 96. Income a bank derives from sources such as fees and service charges, trading income, and investment securities gains. a/ Interest income b/ Non-interest income c/ Net income [...]... importer There is no risk for the exporter – all the risk is taken by the importer a/ advance payment b/ documentary collection c/ documentary credit d/ open account 11 ĐÁP ÁN 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... open account - 11 Thank you for evaluating AnyBizSoft PDF Merger! To remove this page, please register your program! Go to Purchase Now>> AnyBizSoft PDF Merger  Merge multiple PDF files into one  Select page range of PDF to merge  Select specific page(s) to merge  Extract page(s) from different PDF files and merge into one . 1 BÀI TRẮC NGHIỆM TIẾNG ANH CHUYÊN NGÀNH NGÂN HÀNG TRÌNH ĐỘ CƠ BẢN FINANCE – BANKING VOCABULARY TEST. documentary credit d/ open account 1 ĐÁP ÁN BÀI TRẮC NGHIỆM TIẾNG ANH CHUYÊN NGÀNH NGÂN HÀNG TRÌNH ĐỘ CƠ BẢN FINANCE – BANKING VOCABULARY TEST