Banking EnglishOnline version Banking English Revision Quiz by Aleksandra Budkus 1 A regular payment that you can set up to pay other people, organisations or transfer to your other bank accounts. You CAN amend or cancel it whenever you like. a Direct Debit b Standing Order c Overdraft d Transfer 2 If you apply for a mortgage you will be asked if you want a fixed interest rate or a/an ____________ interest rate. Written answer 3 It is a regular payment that can only be set up by the organisation to which you are making the payment. a Direct Debit b Standing Order c Overdraft d Transfer 4 Finish the sentence. 'The bank offers you the possibility of paying your loan in convenient _________________" Written answer 5 A type of cheque where the payment is guaranteed because it is issued by a bank. a Letter of Credit b Bank Draft c Credit Line d Corporate Bond 6 An arrangement to pay to use equipment, buildings, cars etc. rather than buing them Written answer 7 If you give someone the money that person asked you for, you ___________ it. a Borrow b Lend 8 A promise by a bank to pay a loan if the original borrower does not pay it back. a Bank Guarantee b Letter of Credit c Bank Draft d Credit Line 9 The main offices of an organisation, a bank, the army etc. Written answer 10 Choose the connectors with a meaning simmilar to BUT. a ASSUMING THAT, GRANTED THAT, SUPPOSING THAT b NEVERTHELESS, THOUGH, ALTHOUGH c DUE TO, CONSIDERING, BY CAUSE OF d FUTHERMORE, MOREOVER, AS WELL AS 11 Which is the most appropiate way of ending a formal letter/ e-mail when we know the name of the addressee? a Yours sincerely b Yours faithfully c Regards d Best Regards 12 An agreement by a bank to give a customer a specific amount of unsecured credit, similar to an overdfart a Borrowing b Credit Line c Bank Draft d Instalment
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