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Choose the word or word combination to match the definition. 1. A charge paid to a person or a bank for the money borrowed. a) loan b) interest c) rent
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1. A charge paid to a person or a bank for the money borrowed.
| a) loan | b) interest | c) rent |
2. Illegally giving someone money so that they act in your favour.
| a) racket | b) money laundering | c) bribery |
3. A book that lists all payments into and withdrawals from a customer's bank account.
| a) bank statement | b) bank book | c) bank deposit |
4. The most important bank in a country that controls a nation's policy on money and interest rates.
| a) development bank | b) major bank | c) central bank |
5. A bank that specializes in raising capital for industry.
| a) savings bank | b) merchant bank | c) national bank |
6. An account with a bank for personal savings.
| a) savings account | b) capital account | c) correspondent account |
7. The central banking system of the USA.
| a) Commercial Bank | b) National Bank | c) Federal Reserve System |
8. A system of making payments by having money transferred from an account.
| a) direct mail | b) direct debit | c) direct export |
9. A customer's instruction to a bank to pay a certain amount to another person or organization at regular intervals.
| a) standard rate | b) statement of account | c) standing order |
10. A free trade association with a common currency and unrestricted movement of capital goods and people between countries.
| a) firm market | b) single market | c) profitable market |
11. The unit of currency of the European Union.
| a) dollar | b) euro | c) pound |
12. The coins and banknotes that belong to a particular country.
| a) benefit | b) currency | c) transaction cost |
13. Money that can be exchanged for the currency of another country.
| a) convertible currency | b) counterfeit currency | c) controlled currency |
14. A group of countries in Europe working to create a stronger world market for European goods and services.
| a) European Commission | b) European Union | c) United Nations |
15. The amount of money that a person, an organization or a country has to buy goods and services.
| a) active power | b) economic power | c) purchasing power |
16. The amount of money spent on a piece of business done.
| a) actual cost | b) transaction cost | c) contract cost |
17. An agreement with a company in which the company will pay for a loss or accident in exchange for regular premiums (payments).
| a) insurance | b) installment | c) insulation |
18. A large amount of money, goods or property.
| a) value | b) wealth | c) cost |
19. Disguising the criminal origin of money such as drug money.
| a) money order | b) money supply | c) money laundering |
20. Change for small purchases.
| a) near money | b) pocket money | c) cheap money |
Unit Vii International business
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