Professional Documents
Culture Documents
1. From an ATM, clients can access their accounts at any time, ___ any
day of the week.
a. on b. at c. by d. for
2. Commercial banks today ___ their clients with mortgage finance
and loans for other consumer goods.
a. supply b. give c. provide d. sell
3. Italian moneylenders used a bench or table in a large ___ area to
conduct their business.
a. opened b. open c. opening d. to open
4. Today the word bank refers to the institution which carries ___
banking services.
a. on b. into c. off d. out
5. The word bank is _____ from the Italian word banca, which
evolved from a German word meaning bench.
a. deriving b. derived c. to derive d. derive
6. The English term bankrupt is used to describe a person who
has gone ____ business because they could not meet all their
liabilities.
a. out of b. out c. into d. by
7. A bank is a government- ____ institution which is established under
a government charter.
a. lisense b. licensing c. license d. licensed
8. Both wholesale and retail banks provide the three essential
functions of _____, payments and credits.
a. deposits b. depositing c. deposit d. deposited
9. Wholesale banks, which include _____ banks, provide large-scale
services to companies, government agencies and other banks.
a. commercial b. merchant c. central d. trading
10. Retail banks, on the other hand, mainly provide smaller- scale
services to the _____.
a. consumersb. multinationals c. general public d. a and c
11. The ____ bank, fixes the main interest rates, issues currency,
supervises commercial banks and tries to control foreign exchange.
a. wholesale b. retail c. central d. high street
12. Banking licenses are granted by bank ___ authorities and provide
rights to conduct the most fundamental banking services.
a. regulatory b. regulation c. regulating d. a and b
13. The bank services may deal in financial instruments such as
share certificates, certificates of deposit, and ____ of exchange.
a. bills b. drafts c. foreign d. rates
14. In many of the less developed nations, branches or subsidiaries of
foreign commercial banks dominate the ____ system.
a. bank b. banking c. finance d. financed
15. For centuries, bankers have attempted to establish a global _____
regime or monetary standard.
a. moneys b. monies c. money d. monetary
16. Computers and other electronic machines are widely ____ in
retail banking
a. used b. use c. using d. to use
17. The bank teller enters the details of the cheque ___ the system.
a. into b. through c. onto d. on
18. The cheque is then sent to the clearing house and money is
then credited ____ the payee's account.
a. in b. to c. by d. into
19. Accountability in a centralized bank should stay at the top level,
whereas some accountability may be ____ in a decentralized bank.
a. delegate b. delegating c. to delegate d. delegated
20. Centralized _____-making is more effective in a stable environment.
a. decision b. decisive c. decide d. deciding
21. In the 1930s, a 'bank run' occurred in the United States where
customers rushed to ___ their deposits from banks which they thought
were closing down.
a. debit b. credit c. deposit d. withdraw
22. In the United States, the Federal Reserve was created to serve as the
'lender of ___ resort'.
a. final b. closing c. last d. ending
23. Early in the 19th century, Britain wanted to standardize the value of
its ____, so the country adopted the gold standard for the British pound.
a. currency b. money c. payment d. cash
24. Most governments manage money by ____ their economy or the
money supply.
a. regulations b. regulated c. regulating d. rules
25. Hard currency, in economic terms, refers to a currency in which
investors have confidence. That is, currency from a politically stable
country with ____ inflation and consistent monetary and fiscal policies.
a. low b. high c. lowest d. highest
26. The International Bank for Reconstruction and Development (IBRD)
____ on middle-income and creditworthy poor countries.
a. interests b. focuses c. pay attention d. involve
27. From the point of view of the World Bank, the worlds countries can
be ____ into five income-based categories.
a. grouping b. classified c. group d. classifying
28. Bank clients are provided ___ an ATM card to get cash outside
banking hours.
a. for b. to c. with d. by
29. ____ restrictions have also been placed on banking industry
competition.
a. Legislative b. Legislation c. Legislating d. Legislated
30. The purpose of bank regulations is to provide ____ in the banking
system.
a. fluctuation b. instability c. enhancing d. stability
31. The Bill of Exchange Act defined banking as trading in money by
investing, ___ or exchanging it.
a. borrowing b. changing c. lending d. selling
32. Investment banks underwrite the ___, i.e. they guarantee to buy the
shares in case there are not enough investors buying the shares.
a. share issuing b. share issue c. shared issue d. shared
issuing
33. Credit cards ___ money to the cardholder
a. lend b. provide c. give d. borrow
34. The Islamic banking does not charge ___ on borrowings as well as pay
interest on deposits.
a. fee b. commission c. cash d. interest
35. The ___ department which is responsible for the clearing system is a
division of a central bank
a. clearing b. clear c. cleared d. clearance
36. A statement of financial performance is a(n) ___.
a. profit and loss statement b. income balance
c. balance sheet d. financial reports
37. Accounts ___ refer to the sum the customers owe to the company
a. retained b. payables c. deferred d. receivable
38. Supply is the ___ of goods and services offered for sale by
companies
a. quality b. sum c. amount d. quantity
39. Open account provides the least risk the buyer, and the
greatest risk for the seller
a. on b. for c. in d. to
40. The term ___ refers to a situation where all banking and financial
transactions are conducted in a foreign currency and are carried out by
non-residents
a. onshore b. offshore c. inshore d. outshore
41. In the 21st century, ___ corporations and onshore banks can create
offshore banking facilities.
a. multiplied b. multiple c. multinational d. multiplying
42. In order to approve a potential clients ____, their identity, financial
standing, nature of business and funds sources are screened carefully.
a. application b. applicant c. applying d. applied
43. Low or no taxation, less ___ legal framework and easy access to deposits
make investors interested in offshore banking.
a. restricted b. restricting c. restrictive d. restrict
44. Offshore banks may ____ any or all of the services provided by onshore
banks.
a. donor b. accept c. incur d. offer
45. Tax ___ is a country or centre where taxes have been kept low in order
to encourage non-resident businesses to locate there
a. evasion b. free c. haven d. heaven
46. ___ can be loosely included in the group referred to newly
industrialized countries.
a. Upper middle income economies b. Lower-middle-income economies
c. Low income economies d. High income non OECD countries
47. The Equator Principles set international and social-impact standards
___ financing projects with capital costs US$10 million or more.
a. of b. to c. for d. by
48. Banks, ___ and investment companies are financial institutions.
a. insurance companies b. textile companies
c. catering companies d. guaranteeing companies
49. There are two types of bank drafts: ____ and tenure or term.
a. seeing b. signs c. sight d. demand
50. Commercial banks aim to ____ a profit, which is paid out in the form of
dividends to their shareholders.
a. do b. make c. transact d. run
51. Lower-middle-income economies can be loosely included in the group
referred to ____.
a. newly industrialized countries b. industrialized countries
c. poor countries d. countries in heavy debt
52. Multilateral banks have been categorized by the World Bank ___ three
groups, based on their membership and mandates.
a. on b. into c. by d. to
53. Low- income economies are generally equated with a poor
infrastructure and an economy based on ___ and natural resources.
a. industrial b. agricultural c. agriculture d. industry
54. Banking system in ___ countries is characterized by their economic
system.
a. developing b. poverty c. developed d. rich
55. The banking crisis in the 1980s and 1990s left many banking systems ___
emerging countries fragmented.
a. into b. on c. in d. of
56. Online banking is promoted as having large paper-saving and
identity-theft ___ benefits as well.
a. prevention b. treatment c. support d. backing
57. Depositors have not questioned banks on their lending policies,
provided they are receiving good returns on their ___.
a. deposits b. investments c. saving d. profits
58. Ethical banks will not fund projects connected ___ the drugs trade, as
they only support socially responsible.
a. in b. by c. to d. of
59. A business may ask to borrow money ___ an ethical bank, for activities
such as wind power, whose impact on the environment is positive.
a. from b. for c. to d. of
60. The main services ___ by banks are storing deposits and granting
credits to individual and corporate customers.
a. sell b. selling c. offered d. offer
61/ Low- income economies are generally equated with _______ infrastructure
and an economy based on agriculture and natural resources.
A. poor B. rich C. bad D. good
62/ The International Bank for Reconstruction and Development (IBRD)
on middle-income and creditworthy poor countries.
A. Interests B. focuses C. pay attention D. involve
63/ Multilateral banks have been categorized by the World Bank into
three groups, based their membership and mandates.
A. Of B. in C. out D. on
64/ can be loosely included in the group referred to newly
industrialized countries.
A. Upper middle income economies B. Lower-middle-income economies
C. Low income economies D. High income non OECD countries
65/ Banking system in developing countries is characterized by their
system.
A. economical B. economically C. economic D. economics
66/ The banking crisis in the 1980s and 1990s left many banking systems
emerging countries fragmented.
A. into B. on C. in D. of
67/ Ethical banks provide the standard financial and banking services but with a
____________ on social gain.
A. focus B. penetrate C. effect D. participation
68/ The banks investment focus on financial instruments, usually with a
maximum term of five years.
A. short-time B. narrow-term C. narrow-time D. short-term
69/ Depositors have not questioned banks on their lending policies, provided they
are receiving good returns on their .
A. deposits B. investments C. saving D. profits
70/ A centralized bank keeps its authority at the top level while a bank
delegates some authority to lower levels.
A. outcentralized B. uncentralized C. decentralized D. discentralized
71/ A occur when depositors rush to the bank to close their
accounts.
A. banking running B. banking run C. bank running D. bank run
72/ The central bank plays a role of lender of last resort, i.e. they survive the
______which become insolvent.
A. commercial banks B. trading bank C. retail bank D. state-owned bank
73/ A giro system allows money to be transferred from one bank to ___________.
A. anothers B. others C. other D. another
74/ If a cheque is honoured by the bank, it becomes cancelled and its
number is in the account statement.
A. to record B. record C. recording D. recorded
75/ Savings and Loans Associations in the US are owned by the
and run by an elected board of trustees.
A. depositors B. shareholders C. stockholders D. bondholders
76/ CHAPS is the UK system, and is the US system.
A. CHIPS B. CHOPS C. SWIFT D. CHECKS
77/ E-banking customers can access accounts, transact business, and
obtain financial information a public or private network,
including the Internet.
A. via B. in C. on D. with
78/ financial instruments are basically financial instruments that
can be assigned to another purchaser at any time.
A. Negotiate B. Negotiating C. Negotiable D. Negotiated
79/ Accounts refer to the sum the customers owe to the company.
A. retained B. payables C. deferred D. receivable
80/ Inflation is the of the currency price.
A. revaluation B. increase C. depreciation D. growth
81/ represents the shareholders financial interest in the bank.
A. Capital expenditure B. Money C. Equity D. Cash
82/ Cash on terms are used only when the exporter is confident
that there is no risk involved.
A. order B. delivery C. demand D. hand
83/ There has been an increase pressure on offshore banks to review
their client screening procedures the perception that some of
them were repositories for the terrorists funds.
A. due to B. because C. for D. since
84. Regular bank statements will be sent to you by post, listing recent ___.
a . payments b. events c. transactions
85. New current account customers can borrow up to 200 in the form of a
low- interest ___.
a. overdraft b. overtake c. overspend
86. The current rate of interest for ___ overdrafts is 6.7% APR (annual
percentage rate.
a. permitted b. allowed c. authorized
87. While your account is ___ credit, there are no charges.
a. under b. in c. with
88. If your account is overdrawn, charges may ___.
a. happen b. apply c. occur
89. When you acknowledge ___ of your new debit card
a. receipt b. the receiving c. reception
90. .you will be sent a PIN (Personal ___ Number)
a. identifying b. identifier c. identification
91. You will need to ___ your PIN each time you use the card.
a. put in b. type c. enter
92. Two or more customers may apply for a ___.
a. two-person account
b. joint account
c. together account
93. Current account ___ may apply for a cash dispenser card
a. holders b. owners c. users
94. Credit cards will be issued ___.
a. if you are rich enough b. if you have money c. subject to
status
95. You may ___ your account at any time.
a. close b. finish c. end
96/ The bulk of third world debt has been transferred to official
.. such as the International Monetary Fund and the World
Bank.
a) creditors b) underwriters c) depositors
97/ Dividends are paid to .each year if adequate profits are made.
a) consumers b) debtors c) shareholders
98/ The amount of borrowing that a company has in relation to its share
capital is called
a) allocation b) leverage c) payout
99/ The value of a companys shares is called ...
a) equity b) dividend c) holding
100/ A . is an agreement by a government or organization to pay
back, with interest, money it has borrowed.
a) bond b) portfolio c) stock
101/ is the British English word for leverage.
a) Security b) Gearing c) Indenture
102/ As it is difficult to give an exact value to a brand, some people
argue that brand equity should not be included as an asset on a
companys
a) focus list b) deposit account c) balance sheet
103/ He offered his home as security or .when he borrowed from the
bank.
a) warranty b) collateral c) deposit
104/ The .. rate on the loan was 15 percent.
a) fee b) interest c) charge
105. We have a ..of $1 million to finance our three-month
advertising campaign.
a) budget b) cost c) bill
106. They have to pay the loan back over three years. The first .is
due in August.
a) part b) amount c) instalment
107. Our state-of-the-art machinery is our major ..
a) possession b) property c) asset
108. We want to find a partner who will take a .in our
business.
a) risk b) stake c) share
109. Thanks to a government ..the firm was able to move to a new
location.
a) support b) contribution c) subsidy
110. Money owed by a company to its suppliers forms part of its .
a) losses b) damages c) liabilities
111. After they have been paid in, cheques usually take three working days to
___.
a. pass b. credit c. clear
112. When I write out a cheque, I keep a record by filling in the ____.
a. receipt b. invoice c. counterfoil
113. If you dont have a cheque book, you can pay by getting a ___ from a
branch of your bank.
a. bankers draft b. bank paper c. bank ticket
114. Unlike a personal cheque, a bankers draft cant ___.
a. be rejected b. bounce c. crash
115. A bankers draft is also known as a bank draft or a ____.
a. bankers cheque b. bankers note c. bankers ticket
116. If you need to borrow money, you can apply to your bank for an ___.
a. overdraft possibility b. overdraft facility c. overdraft opportunity
117. If you need to borrow money from your bank, you can ask them to
increase your ___.
a. overdraft limit b. overdraft level c. overdraft supply
118. If you need to borrow money from a third party, you may have to
supply a ___.
a. bankers support b. bankers promise c. bankers reference
119. A bankers reference proves to a third party that you are ____.
a. moneyed b. creditworthy c. rich enough
120. Regular automatic payments of the same amount (e.g. to a charity)
are called ___.
a. standing orders b. direct debits c. direct orders
121. Regular automatic payments of varying amounts (e.g. electricity
bills) are called ___.
a. standing orders b. direct debits c. direct orders
122. With my savings account, I have to ___ 30 days notice if I want to ___ a
withdrawal.
a. say/do b. give/ make c. ask for/ take
123. It is fair to say that as a result of technological .., banking
operations are more complex
A. advancements B. advancing C. advanced D. discovers
124. There is no doubt that .. is a global concern.
A. frauding B. fraudment C. frauded D. fraud
125. Economic factors, such as the current trend of diversification within
banking, have encouraged banks into non-traditional activities, like
bancassurance and other fee-related business, and can lead to possible
...
A. forgery B. insider dealing
C. conflicts of interest D. cloning
126. .. and data protection continue to be significant issues for financial
institutions.
A. Privatization B. Privacy C. Private D. Privaness
127. Banking is an information-based industry involved .. the collection
and use of a wide variety of its clients' personal information, including
bank account numbers and bank balances.
A. in B. on C. by D. of
128. The board of directors and senior management must ensure
transparency and .. governing their action.
A. responsibility B. interest C. conflict D. accountability