English for banking and finance 2 pdf free download

What is your balance at the end of the month? Ask your partner about their monthly budget. Do they have any direct debits or standing orders? Which bills do they pay with them? Writing 7 Writea short report about the money that you spend each month Every month I receive I pay for What activities do these illustrations represent?

Are these activities important for the economy? Use the words in the box to help you. The relationship between supply and a is very important.

The world of finance is a necessary part of the economy. People need money to do business. Banks first collect money from customers. Customers who borrow money pay 2 to the bank until they pay the money back. The economy needs b make investments?

Do they have f strong financial institutions. Which sentences in 4 are facts? Mark these F. Which are repeated actions or habits? Work in pairs. Discuss these questions. In your country, which goods and services are popular? Do the prices of these goods and services change often? Give examples. Match words to their opposites a-d. There is a big supply of houses but there is no demand for them Listen to two telephone conversations and match speakers 1 and 2 to sentences a-c.

There is one extra sentence, a This customer has a question about interest. Then listen again and check your answers 1A: Good morning. AFC Bank, can I help you? B: Good morning. A: Yes, sir. Which department do you want? Oh yes, Mr Sharma is free. Oh yes. Just a moment. I see that the price is quite high at the moment. AllTech looks good today. A: That sounds interesting. Give details. Do you pay interest on it? Do you get interest on your current account?

Banks and building societies Vocabulary 1 Match words to definitions ax 1 merger a you use money in this account every day 2. Look at activities below. Discuss which activities the institutions in 2 do. Then work in pairs and compare your lists. Do any names appear on both lists?

He never arranges takeover bids. They are talking about a mortgage. She is depositing money into her account. We often use it with time words such as now, right Yes, he is. We don't use stative verbs e. Complete it with the correct present simple or present continuous form of the verbs in brackets This is why we always 1 offer the best 7 be important.

We 8 Interest rates to our customers. At the moment we customers. We 9 belleve our products — Colfer special current accounts are just what you need. So what 10 and deposit accounts to new customers. That is 8 to 5 Monday to Friday. At the moment they are charging four percent interest. Investment banks Vocabulary 1 1 issue shares a 2. The customers. Match phrases to definitions a-e. Itis the first time a 0 it is ready for the future, is the section of a bank which buys and sells shares for happens when a company or person buys another business.

The British don't generally use pre-paid credit cards. We use a n before a job or place of work, and to talk about something or someone that is part of a group. Tm a mortgage adviser.

What do you do? What accounts does. Isthere bank? Why does a customer need anding order? There is one extra activity. Match to a-f to make sentences. Retail banks always a withdraw money from the ATM. Building societies mostly f make takeover bids.

Student A, look at the information on this page. Student B, look at the information on page Follow the instructions. Student A. You are a customer. You hear that the building societies Homemaker and Save and Build are merging.

Ask Student B, a Homemaker employee, for details. Work in pairs, Answer this question using adverbs of frequency and time expressions. What sort of things do you do in your job? Work in pairs Which of these phrases do you expect to hear in the conversation? Does she decide to open an account? Vocabulary 4 Match words and phra: to definitions a-e. Can you wait a minute? A: Can I get monthly statements online with this account?

Are thes true 1 tence false F or is there no information in the text NI? The bank offers current and deposit ac You can get a safe deposit box. Customers can only use cash dispensers at the bank. With this account you can. We have -You can receive your salary through direct short-term deposit accounts. Do you need to withdraw money?

Giving a customer advice 1 suggestirecommend a deposit account 1 suggestirecommend opening a current account. Then you need a standing order. Take turns to ask a customer questions and make suggestions based on the customer information in 6. Do you need to deposit money regularly into your account? Student A, look at the information on page Online banking Vocabulary 1 Look at Sven Johnson's online banking account. What can he do online? Match to AF. Then complete the sentences below with words from the web page.

Discover how easy online banking is! When you move money from one account to another, you it. With online banking you can the transactions you make straight away. You can You can Language Future possibility and ability with will and be able to your regular payments like direct debits and standing orders, your statements of account to your computer.

When you have bills to pay, you can make online. You will be able to transfer money from one account to another. Will he be able to download his statements? Yes, he will. You won't be able to view another person's accounts. Speaking 3 Work in pairs. Take turns being the customer and the bank employee. Ask and answer three questions about what you will be able to do with an online banking account. A: Will Ibe able to borrow money? B: No, you won't A: Will I be able to see my statements?

B: Yes, you will Reading 4 Work in pairs. Put the words in the box together and cot banking tips. The sentence Click on the button, begins with a verb.

Don't let anyone see your password, Writing 5 Write three more online banking tips. Begin each one with an imperative verb, Speaking 6 Work in pairs. Take turns to give each other advice on using the online banking web page in 1 on page A: I want to change a monthly payment. I want to take money from my current account and put it in my savings account 4 Ineed a copy of my statement on my computer, 5.

Ineed a paper copy of my statement. Telephone helplines Listening 1 Listen to a conversation between an online banking customer and a customer adviser and answer these questions. Next click on the action.

Now of finally to indicate a sequence of actions or type in an amount. Finally you can log out. Writing 2 You are training a customer adviser for the helpline. Write these notes in the correct order for a new employee. Use sequencing words and the imperative.

First say the name Then W lihat does the customer need? PWS is shat you do. H customer's nane and account number Wis everything clear? W name of bank Speaking 3 Work in pairs. Student A 1 You are an online banking helpdesk representative. Explain to a customer how to transfer money from an online account using the information below.

Who is the course for? On this two-day course you will: practise finding out what customers need, find out how to give them information they want. At the end of the course you will be able to help customers with all their needs.

The course will take place on Tuesday and Wednesday, from 9 a. Language Future forms We use willl to make predictions and talk about The course will take place on Tuesday. You are going to practise finding out what customers need, 5 Jan has decided to take the telephone training course.

Complete her email using will, be going to or the present continuous. It is not always easy to talk to customers on the phone. See you then. Best, Jan Speaking 6 Work in pairs. You are going on a telephone trai 5 and answer these questions.

At the end of the course, what will you be able to do? Look at the email in 7 Work in pairs. Imagine your company is going to offer a course in telephone skills.

What would you like to learn? Banks offer 1 convenient 2 access to funds as well as facilities ike overdrafts and 3 long-term loans.

An 4 overdraft is usually more 5 expensive than a loan but easier to arrange. At UBE we believe we offer the most competitive products. Please click hove to see our list of 6 fees and charges, and the current 7 interest rates for savings and loans.

Thisis high rate you can get. Compare the products in the box. Use the imperative. Then put the instructions in the correct order.

Compare the following: 1 arranging an overdraft with arranging a loan 2. Here are my answers to your four questions: 1 Is it easy to arrange an overdraft? Yes, itis. Its the 3 Is online banking convenient? It certainly is.

Yes, they are. We offer much hope this information will help you. Look at the cards in the photo and discuss these questions. Does your bank issue them? Ericaeal 4 Do other institutions issue them?

Vocabulary 2 Work in pairs. Match definitions to the words and phrases 5 Do you know how much the APR is on credit cards? Write a number in each box. When you finish, the colun all add up to Read this information from a bank's intranet. Take turns to choose a word or phrase from the text and explain it to your partner. Your partner guesses what it is. ATM or point-of-sale terminal. Language Zero conditional Wie use the zero conditional total about general They only pay interest itiwhen they carry a balance.

Macustomer carries a whole amount at once. Speaking 5 Work in pairs. Plastic money Reading 1 Complete this leaflet about a new multi-function card with words from the Listening Language First conditional magic table on page Do you travel the world?

Does shopping everywhere sound interesting fo you? Then callus fo find out about our new multifunction Champion 1 Cord! To find out more about this great offer, just ask your bank about our card. If you have Champion card, you can pay for a hotel. You will not have any problems with online shopping if you have a Champion card.

What can you do with the Champion card? Yes, but Write Aor Don the lines in 5. Look at the leaflet in 1 on page 22 again and discuss which three points are most important to you. Use phrases for agreeing and disagreeing.

Complete this FAQ web page with questions a-e. Vocabulary 9 Work in pairs. Look at the web page in 8 again and match these definitions with the underlined words. Look at the web page in 8 again and discuss these questions. Use conditional sentences where possible. How can you order the card online? How can you put money on the card?

Where can you use the card? What other benefits does this card have? She has no problems. What is the problem and what is the solution?

Listen again and answer these questions. Whyis his overdraft expensive? He will have to pay interest on the overdraft. He doesn't have to pay bank charges. Prohibition He mustn't go over the limit. Are these sentences Reading true T or false F? Mr Miller wants to talk to Caroline about his account. You have the information in below from the compliance officer at the bank. Read the checklist in 7 again and write your comments after the statements.

Stefan normally contacts his clients once a month. George occasionally does not make sure that the customer can pay the instalments.

Julia occasionally forgets to write a report about an existing loan. Tell Stefan, George and Julia what they need to, do not need to, must or mustn't do. In your country, how do people get money to buy a flat or a house? Do they borrow it from a bank or a building society? Does this loan h a special name or special terms?

Reading 2 Complete th mortgage application form with the words in the box. Are these sentences true T or false F? Customers may not choose the maturity date of the mortgage.

You may not overdraw your account. FA: Task why? C: We don't have much money but we want to buy a flat. C: Can you email us more details? FA: Certainly.

Talk about the pros and cons in the application form in 2. Student A 1 You work in banking. Student B wants to apply for a mortgage. Look at A and ask questions to get the information you need to fill in the form.

Swap roles. You want to apply for a credit card. Student B is the banker. Look at B and answer Student B's questions. Are the sentences in this quiz true T or false FY?

You are attending a seminar on the Islamic sector. This meant that people could not earn money if they lent money to others. The first Islamic bank began to operate in in Egypt. Later, in , the t modern Islamic commercial bank opened in Dubai. Now there are Islamic banks all over the world Islamic banking follows the laws of Shari'ah islamic law. Banks may not charge interest on loans.

Islamic banking is not only for Muslims — anyone can use a bank which follows these laws. Banks can create one section to deal with Islamic banking but they must have a Shari'ah supervisory board to make sure the section follows all the laws. Ethical values are important at Islamic banks.

Banks may not do business with companies which sell prohibited food products. Islamic banks offer the same standard products as non-Islamic banks. These include savings accounts and loans. However, an Islamic bank does not charge interest and customers do not earn it on savings.

Instead, banks give a gift to customers who have accounts. Islamic law does not restrict trade, and customers can make profits when they invest. Another important aspect of Islamic banking is to give money to help others. Islamic banks must donate part of their profits to a Zakat Fund. This fund helps poor people. Language Past simple We use the past simple to talk about events and The idea of Islamic banking started during the time of the situations that started and finished in the past.

Did they borrow money trom the bank? Irregular verbs have their own forms. Listening 3 [E2EEM Complete this lecture transcript with the correct past simple form of the verbs in brackets, Then listen and check your answers. Good afternoon, everyone. Now you are going to.

We have many other products as well and you will hear about them in tomorrow's seminar. Vocabulary 4 Match to a-gto make word partnerships. Then match the word partnerships to definitions i-vil. Look at the texts in 2 and 3 to help you.

The seminar has finished for today. Talk about what you learnt. Use words from 4 and from the texts in 2 and 3. Did you know that..? The most interesting part for me was Ididn't know that What did you think about..? Islamic retail products Language 1 Complete these index cards for a presentation about different types of Islamic bank account with the correct form of the verbs in the boxes.

With to acustomer as goodwill. The : normal deposit account. The bank borrower can 8 an the money safe for customers. Walto ————arelund ———— theeustomers extra payment as thanks. Then the bank bank may 4 for a the customers want it. Te bank such as a car for a customer.

When this ples habe profits, The for a certain time. When the bond bank owns. Look at the index cards in 1 again and answer these questions. Which product helps customers to save money for a longer time? Which product is an investment? Which product does a customer use to buy a house or flat? Which products does a customer use to manage their everyday money? Listen to Mr Farak talking about the differences and complete this table. Speaking Writing 6 Put the words in the correct order to make sentences and questions.

He used to overdraw his account to pay the bills. She used to earn interest on her deposit account. Look at the table in 5 and make sentences about what Mr Farak used to do at the non-Islamic bank. When Mr Farak went to a nonslamic bank, he used to receive 8 What did you use to do at school or at work?

Write three sentences. Then compare your sentences with a partner. Tused to Discuss the newspaper photo and headline. Why do you think two companies financed it together? What do you know about joint ventures?

Complete these sentences about corporate Islamic banking with the words in the box. Read the leaflet about corporate products and answer these questions. Which product is best for him? Leila wants to find a partner for her business. Which product is best for her? Use the information in the leaflet in 3 to help you. The action started before that time and continued after that time. They were looking for some Islamic banking products. Was he talking to the loan adviser at 3 p.

Yes, he was. We also use the past continuous to talk about a longer action which is stopped or interrupted by a shorter action using when. Twas reading this leaflet when found this information. That is why I paid it back and closed the account.

Ta his instalments back regularly, so the bank sent him a letter to a customer when I came into his office. Speaking 6 Work in pairs. Write two more questions each, using the past continuous. Then take turns asking the questions. What were you doing at 5 p. Who were you talking to when the teacher came in today? Read their conversation and answer these questions. Why couldn't Islamic customers use the normal products? Why couldn't Islamic banks charge interest?

Why were investments as risky for the customer as for the bank? What did Islamic banks have to do with some of their profits?

What types of companies couldn't Islamic banks invest in? Couldnt Musim customers use some of ur products? Kasim: No, Because we had to charge them interest. This meant they wore looking for another bank to go to, We wanted fo keep these customers, so we opened this Section. How did Islamic banking begin? Kasim: The ideas came from Islamic law. One idea is co-operation.

This way, the investor and the company shared the risks and the bank didnt have 1 pay the investor interest, only pat of the profits, Alba: 1 s00, Anything else? Kasim: Yes, Isiamic law did not allow Riba, which is charging someone to use your money. Katja: That's interesting. Are there other important ideas? Und was ist seither aus dem Sieger geworden? Details include database descriptions, costs, and whom to contact for purchase.

The material is indexed alphabetically, and by subject, vendor, and producer. Search for:. Author : Nelson Mandela Publisher: S. Author : Paul R. Author : Abhijit V. Tax on earnings, profits from investments and any other sources of personal income.

Stamp duty d. Tax on goods and services. In the UK it is charged at In the UK, this is the name for the tax paid by companies. Wealth tax f. Tax on assets such as houses payable in some countries, but not 6. Inheritance tax in the UK. Tax on the assets of a person who has died.

Used to be called 7. Corporation tax "death duties". Match the terms with the examples. It's not easy — some of the terms have close meanings. Ms Brown is British, but to save tax she lives in Monaco. No tax is payable on winnings from the National Lottery. From April 6th next year, theatres will not have to pay tax on 3.

VAT 4. Ms Smith pays an accountant to find legal ways to reduce her 5. Liability for capital gains is reduced by 7.

Choose the best word from each pair in grey type. Until last year, some companies paid part of their executives' salaries in valuable antiques, to save tax. Any company which relocates to Wales will pay not tax for the first two years. Match the words from the account summary with the definitions.

Look at the account summary, and answer true or false. Turnover is income after outgoings have been deducted. Salaries and wages were the only major operating cost.

Depreciation of fixed assets seriously reduced operating profits. Parker Publishing spent a lot on sales and marketing. The company sold some assets. Nearly all the profits went to the shareholders.

Dividends were only It was a very bad year for Parker Publishing. Choose the best words to fill the spaces. Match the words from the balance sheet with the definitions. Look at the article above and the balance sheet on the opposite page.

What are Parker Publishing's main current liabilities? The article doesn't mention long-term liabilities. In the case of Parker Publishing are these more likely to be…? Does this mean that…? What's the company currently worth? Corporate Unit finance A. Put the story in order.

After a shaky start, Money TV went into profit after three years. They raised some capital from a merchant bank. As a result, Money TV's advertising revenue fell dramatically. Money TV started to make heavy losses. Money TV went into liquidation. They bought equipment, rented premises, hired staff and set up Money TV.

Viewing figures dropped sharply because of competition from The Money Channel. Put the words into the spaces. We don't actually own our delivery lorries. They only make about 1p a litre.

We don't employ our own cleaning staff. We need a building firm to build a new warehouse. Which of the options in not possible? Three of the phrases above are informal. Which three? UnitMergers and acquisitions A. Put the words below into the correct spaces. If it is a welcome takeover bid, the directors of the company advise the shareholders to accept the offer. If the bid is unwelcome, the directors advise the shareholders against accepting it. The bidders may then write to the shareholders explaining the advantages of the takeover, and perhaps improving the offer for the shares.

Choose the best word to go into the space. Sometimes a controlling interest in a company is bought by its managers. Investments Unit Make a profit and make a difference The Aware Finance Ethical Investment Fund aims to offer everything you would expect from an ethical investment: capital growth, a competitive yield and the knowledge that your gain isn't at the expense of the environment or exploited workers.

Naturally, we only invest in companies that have been thoroughly screened, and fully match up to ethical investment criteria. Yet Aware Finance goes one step further.

Of course, most of these technologies are in their infancies, and this fund is particularly aimed at investors looking for long-term growth potential. With Aware, the return on your investment isn't just financial.

The Neptune Tracker Fund Sometimes the simple things in life are the best. With The Neptune Tracker Fund there are no investment strategies and no fund managers to pay. It's as simple as that. Despite the promises of high growth and high return associated with managed funds, the truth is that in seven out of the last ten years on average tracker funds have equalled or out-performed managed funds.

And unlike managed funds, there are no hefty fees to pay. Entry to the fund costs 1. Yields can be reinvested in the fund or can be taken as income — the choice is yours.

Find words in the advertisements which mean the same as the words below. Which fund is probably higher risk? Which fund is more suitable for investors needing a reliable yield? Which fund is entirely invested on the stock market? Which fund would you prefer to invest in? Match the term with the definition. An agreement to buy commodities, currencies or shares at a fixed price on a fixed date in the future.

Private investors can buy a small interest in a large fund invested in many companies. An investment in which the issuer often a government promises to pay back the invested sum plus interest. A common example is money held in a trust for a child or young person. Employees are offered shares in the company at a reduced price. Put the words in the spaces in the sentences. Investing is a form of gambling. The Unit dot. At the height of the high-tech stocks gold- an hour or more to get through to a broker.

Following the crash, high-tech stocks internet and technology companies. In many continued to be traded, of course. But many cases, these were little known businesses that investors, nursing burnt fingers, pulled out of had been in existence for only a few months. Others scaled down Nevertheless, investors were hungry for their trading. The result was a dramatic drop stocks, with many buying large holdings in trading volumes.

In the May following the simply on the basis of wildly optimistic crash, transactions were down to around internet bulletin boards tips. Then in March and April share prices mostly seeing further declines in the number crashed.

A lucky minority had got out in the of shares changing hands. In other words, nick of time, but the majority of dot-com there was a full-blown slump. Although the party was over for private Looking back at the frenzy that led up to the investors, online share-dealing services crash, it now seems amazing that so many mostly continued to be profitable, with many were taken in by the glitter of fool's gold, and new companies joining the already crowded were willing to part with their cash so readily.

Dot-com shares doubtless seemed to many to 7. London Stock Exchange figures show how comparable losses to those seen by the dot- cheap online share-trading services caused coms whose shares they had once been net-based share-dealing to rocket in the trading so frenetically. The average 8. In the years following one of the most number of transactions ballooned to , talked-about crashes in recent history, some a day in January, and hit a peak of , a investors who hung on to their shares have day in March — just days before the first signs partially recouped their losses, particularly of disaster.

Many of the new share-dealing services out by larger ones. In the majority of cases, were struggling to cope with the demand, and though, the recovery has been modest, and some had to close their doors to new accompanied by a strong sense of caution in customers. There were numerous complaints investors. It general it can be said that the from investors having to wait on the phone for bubble has well and truly burst. Investors piled money into the market means that people … a.

People parted with their cash readily means that people were… a. Small investors got their fingers burnt means that small investors… a. There was a drop in stock exchange trading volumes means that … a. Many investors pulled out of the market altogether means that many investors… a. In financial terms, the party's over means that it's no longer possible to… a. Investors have partially recouped their losses means that investors have got… a.

These sentences use vocabulary from the article. Write "up" or "down" next to each. There was a sizeable drop in share prices. Banking Unit and financial problems A. Write the problem in the correct box. Shootemup is a developer of money to buy a new factory. She has been appointed by computer games. Producing They have been unable to the government to new computer games is repay the loan. The factory investigate any health risks expensive, and they don't was the security for the connected with fizzy drinks.

He bought a lot antiques for cash, which of shares in his own litres of diesel fuel in company. When the Moscow. She has never they then sold at public acquisition was announced, been to Russia. Until she was discovered, took his credit card away for Many investors withdrew Tina Edwards managed to several minutes. There is virtually Using some special paper substantial sums of money no chance that they will be and a colour photocopier, in a company which didn't able to repay these debts, Henry Black has been exist.

He then took the and the company will making counterfeit euro money and disappeared. An insolvent company often goes into liquidation. In other words, if the company cannot pay its debts, the members of the company don't have to pay the debts out of their own pockets.

Numbers Unit and statistics A. Match the numbers with the phrases. In the past the US and the UK had different meanings for billion and trillion. Just tell me the bottom line. What's the best way to say anna. What's their mean annual income?

What's the best way to say this? What's the total? In most English-speaking countries, how do you write "minus two thousand five hundred and seventy"? Which two are not another way to say "about fifty" a. DOWN 1.

Financial Unit idioms and expressions A. For each sentence, decide whether the people being described are rich or poor. We'll have to tighten their belts.

He's raking it in at the moment. They're very hard up. He's finding it hard to make ends meet. She's absolutely loaded. They're a lot better off than most. She's rolling in money. He's fallen on hard times. They've got money to burn. She seems very down at heel. We're totally broke. They don't have two pennies to rub together. For example, "EnTex have fallen on hard times".

In each sentence, has the share price gone up, down or both? Since the merger was announced, the share price has gone crazy. Following the news, the share price has gone through the roof. As a result of the strike, the share price has gone through the floor.

We believe the share price has hit rock bottom. The share price has been going up and down like a yo-yo. A lot of investors have lost their nerve. News of the takeover bid has caused a lot of investors to get cold feet. Investors are queuing up to buy shares. Shares in the new company have been changing hands for silly prices. Those shares? You can't give them away.

The collapse EnTek has had a knock-on effect on our share price. After two years of bad news, the share price has finally rallied. They're a very rich company. Everybody who wanted one has now got one. The new computer game console has been a huge hit. If we want a new photocopier, we'll have to ask the Resources Manager. It doesn't matter how much we spend on designing the front cover. I get an accountant to fill in my tax return for me.

Do I have any savings? Pronunciation Unit and word-building A. Put the words into the correct column. Complete each sentence using a word based on the root word given in bold type. Then mark the stress of the word you have written. You may need a prefix for example un-. Complete the table, and underline the stress in each word. Banks — the basics A: 1 rates, 2 low, 3 branches, 4 high street, 5 make withdrawals, 6 cash dispensers, 7 cheque book, 8 debit card, 9 current, 10 statements, 11 make, 12 switching, 13 range, 14 puts B: 1 e, 2 c, 3 b, 4 a, 5 d, 6 f C: 1 c, 2 a, 3 c, 4 b, 5 b, 6 a, 7 c, 8 c, 9 b, 10 a, 11 c, 12 a 3.

Operating an account A: 1 b, 2 e, 3 a, 4 f, 5 c, 6 i, 7 h, 8 d also known as a cash dispenser, cash machine and "hole-in-the-wall" , 9 g B from left to right : payee, logo, amount in words, amount in figures; cheque number, sort code, account number, signature C: Jon Marks, Yes, Crossed, No because it's been crossed D: 1 c, 2 c, 3 a, 4 b, 5 a, 6 b, 7 a, 8 c, 9 b, 10 a, 11 b, 12 b, 13 a, 14 c 4.

Credit and debit cards A: 1 registers, 2 retail, 3 entered, 4 touch, 5 receipt, 6 read, 7 transfer, 8 by, 9 sign, 10 identification, 11 secure, 12 signature, 13 transactions, 14 verified B: 1.

The customer arrives at a supermarket checkout. C: 1 magnetic, 2 erased, 3 swipes, 4 guarantees, 5 expiry, 6 encrypted, 7 microprocessor D: 1. Internet banking A: 1 transactions, 2 applications, 3 facilities, 4 authentication, 5 PINs, 6 encrypted, 7 protected, 8 victims, 9 passwords B: 1 funds, 2 third party, 3 exclusively, 4 overheads, 5 multiple, 6 hacker, 7 spyware, 8 malicious, 9 fraud, 10 identity theft, 11 widespread, 12 gullible, 13 purporting, 14 hand over C: 1 g, 2 c, 3 e, 4 b, 5 h, 6 d, 7 a, 8 f D: 1 d, 2 b, 3 e, 4 c, 5 a, 6 f 6.

Mortgages A: 1 homeowners, 2 lender, 3 borrower, 4 on, 5 capital sum, 6 instalments, 7 repaid, 8 current, 9 in, 10 on B: 1 c, 2 d, 3 f, 4 g, 5 b, 6 a, 7 h, 8 e C: 1b, 2 c, 3 b, 4 b, 5 c, 6 a, 7 a, 8 b, 9 a, 10 c, 11 b, 12 b, 13 a, 14 c, 15 c 7.

The housing market 1 b, 2 a, 3 a, 4 a, 5 b, 6 b, 7 mortgage arrears, 8 yields, 9 shore up, 10 low base, 11 over-valued, 12 c, 13 a, 14 a, 15 c, 16 a, 17 b, 18 c, 19 b 8.

A secured loan is money lent against collateral for example a car or a house. If the loan is not repaid, the lender can take the collateral. With an unsecured loan, there is no collateral. A loan which will never be repaid. They hold details of people's credit ratings, and supply these details to potential creditors.

Enters a debtor's home, and takes away any valuable objects to repay a debt. Although legal, this is no longer widely practised in the UK by corporate lenders such as banks, as it attracts a lot of negative publicity. Pensions and other financial products A: 1 sum, 2 recipient's, 3 widow, 4 sufficient, 5 working lives, 6 premiums, 7 benefits, 8 trustees, 9 pension providers, 10 pension fund, 11 lump sum, 12 private pension B: 1 b, 2 d, 3 g, 4 c, 5 e, 6 h, 7 a, 8 f C: 1 a, 2 c, 3 b, 4 c, 5a, 6 b, 7 b, 8 a, 9 c, 10 a, 11 c, 12 b, 13 a, 14 c Currency markets 1 A: 1 c, 2 a, 3 a B: 1 1.

Currency markets 2 A: 1 convertible, 2 black market, 3 pegged, 4 stability, 5 transactions, 6 hard currency B: 1 F, 2 T, 3 T, 4 F C: 1 monetary unit, 2 denominations, 3 Eurozone, 4 legal tender, 5 cost of living, 6 rounding up D: 1 a, 2 c, 3 c, 4 b, 5 a, 6 b, 7 a, 8 a, 9 a, 10 b E: 5 and 7 are not possible International payments A: a. International Banking and investments A: 1 c, 2 a, 3 b, 4 a, 5 a, 6 c, 7 a, 8 a, 9 c, 10 a, 11 c, 12 b, 13 b, 14 c, 15 b B: 1.

Decide if you want to send the payment in sterling or in another tradable currency. If the payment is in a foreign currency, the bank carries out the currency exchange at the prevailing rate. The transfer usually takes three or four working days.

The payment is credited to the beneficiary's account, or can be collected by the beneficiary upon production of a suitable means of identification. National economies and international trade A: 1 e, 2 c, 3 d, 4 b, 5 a, 6 k, 7 l, 8 f, 9 h, 10 g, 11 i, 12j B: 1.

True 2. False 3. True 4. To float a currency means to let it trade freely instead of fixing the exchange rate. The UK has not had a fixed exchange rate in modern times. False 6. False 7.