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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
Bank Terminology (1) esl test printable ESL Worksheets Common Phrases and Respones (1)

 All tests  Quiz  FAQ  ESL Forum  Dictionaries Meaning of "line of credit"
bank terminology answer 1
Ben and Jen need money to redecorate their home. So, they asked a loan officer if they qualify for a line of credit instead of a second-mortgage on their house.

Correct answer: (b) line of credit

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 paper weight? Meaning of online
bank terminology answer 2
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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 paper weight? Meaning of "safety deposit box"
bank terminology answer 3
Some people rent a safety deposit box in order to keep important papers and items safe.

Correct answer: (b) safety deposit box

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 paper weight? What is a debit card?
bank terminology answer 4
Almost all customers have a 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

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 paper weight? meaning of "transfer funds"
bank terminology answer 5
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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 paper weight? Ask a Teacher
bank terminology answer 6
Every month, Kevin reviews his bank statement in order to balance his checkbook.

Correct answer: (d) reviews

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 paper weight? meaning of loan
bank terminology answer 7
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

Meaning of officer
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 paper weight? Ask a Teacher
bank terminology answer 8
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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 paper weight? Ask a Teacher
bank terminology answer 9
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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 paper weight? Ask a Teacher
bank terminology answer 10
Normally, people get pre-approved for a mortgage before they go house shopping so they know what kind of house they can afford to buy.

Correct answer: (a) pre-approved

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