English Language Proficiency Tests-Advanced Level''''sarchiveReal Life: Banking (3) pps

English Language Proficiency Tests-Advanced Level's
archive
Real Life: Banking (3)
1.A period of is an additional time period granted by
a lender that gives the borrower more time to make a
regular payment on a loan without incurring any penalties.

grace
credit
lending
loan
2.In the United States, a plan allows a person to
save for his/her retirement. With this type of plan, a person
can postpone paying income taxes on the amount
invested until a withdrawal is made during his/her
retirement years.

test
future
401K
shareholders
3.A home loan is a loan that is secured by property
but only to the point of fair market value minus the debt
acquired in the deal.

equity
assurance
goods
possession
4.The amount on a loan is the original amount that
was borrowed. Interest rates are calculated from this

original debt amount.

principal
pension
zero
possession
5.The FDIC (Federal Deposit Insurance Corporation) is
national agency in North America tha funds in
participating banks for up to $100,000.

insures
rolls
withdraws
spends
6.A money is a certificate of payment for a specified
amount of money that is paid for upfront. These are
usually issued by banks and post offices.

check
order
password
fund
7.A security is a worker who is hired by a bank in
order to protect customers, vaults, armored trucks etc.

host
guard
alert
lord
8.If a person wants to save money, he/she usually opens

a account. This kind of account is primarily used as
a saving tool and there are usually more deposit
transactions than withdrawals.

savings
time
checking
formal
9.A certificate of deposit (CD) is an interest-earning
account that offers a higher rate of return on investments
but the money is for a longer, specified amount of
time.

hurried
burned
tied-up
spent
10.When it comes to online banking, a customer must first
register and then he/she is able to sign in with a Login ID
and a .

stamp
coin
password
fund