Vocabulary for Banking and Finance
A. Match the terms with the definitions. 1 trade surplus a. Money owed by a country to foreign creditors 2 trade deficit b. The accounts setting out a country’s transactions with the rest of the world 3 balance of trade c. The value of a...
Vocabulary for Banking and Finance
Bank of England raises interest rate to 5% 1 Mortgage repayments, along with the cost of overdrafts and credit card debts, are set to rise after the Bank of England surprised the City yesterday by announcing its first rise in interest rates for more than a year. 2 ...
Vocabulary for Banking and Finance
A. Choose the best words to go into the spaces. 1 Because Britain is an island, in British English, a bank account in another country is known as an …………………… account. a off-island b off-coast c offshore 2 Transferring...
Vocabulary for Banking and Finance
A. Match the type of payment with the description, and choose the best word from each pair in grey type. Four methods of payment for imports/exports advance payment bill of exchange documentary credit (or letter of...
Vocabulary for Banking and Finance
A. Put the words into the spaces below. black market hard currency pegged stability transactions convertible A soft currency The Kzarnian florint is not 1 …………………. outside the Republic of Kzarnia. Until recently, the...
