To put money into the bank: a/ To deposit b/ To withdraw c/ To endorse 3.. A customer can deposit and withdraw the money in a --- at any time without waiting for a period of time.. a/ d
Trang 1BÀI 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
Trang 29 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
Trang 318 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
Trang 429 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
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
Trang 538 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
Trang 648 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 :
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
Trang 757 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 hand ones
second-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
Trang 867 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
Trang 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
Trang 1087 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
Trang 11be even safer, the exporter can arrange for the bank in his/her country to act as
“ confirming bank”, which means that the bank in the exporter’s country is responsible for the transaction
do not provide any guarantee of payment
Trang 12ĐÁP 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 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
Trang 139 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