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English Grammar Exercises
 

Bank Terminology (2)

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Home > Free English Tests for ESL/EFL > English Language Test, Intermediate level # 179
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Ben and Jen needed money to redecorate their home, so they asked a loan officer if they qualified for a line of credit instead of a second mortgage on their house.

Correct answer: (b) line of credit

Meaning of "line of credit"
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Nowadays, bank customers have more options. For example, they can pay their bills over the telephone or they can pay them online.

Correct answer: (a) online

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Some people rent a safety deposit box in order to keep important papers and items safe.

Correct answer: (b) safety deposit box

Meaning of "safety deposit box"
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Almost all customers have a(n) debit card so they don't have to go into the bank to withdraw money. They can also use their cards to purchase goods in stores.

Correct answer: (b) debit

Meaning of "debit"
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Laurie has two accounts. She can transfer funds from her checking account into her savings account right over the phone.

Correct answer: (c) transfer

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1528 English Grammar Exercises — Printable, photocopiable.
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Every month, Kevin reviews his bank statement in order to balance his checkbook.

Correct answer: (d) reviews

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Mary has an appointment with a loan officer because she wants to buy a new car and needs $3000 to complete the purchase.

Correct answer: (d) officer

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Karen learned how to balance her checkbook at an early age. Her father thought it was important.

Correct answer: (a) balance

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Rose and Tom want to get approved for a mortgage because they want to buy a house this year.

Correct answer: (c) mortgage

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 esl english vocabulary: verb noun adjective lists Ask a Teacher

Normally, people get pre-approved for a mortgage before they go house hunting so they know what kind of house they can afford to buy.

Correct answer: (a) pre-approved

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