1.Traders sometimes agree to trade currency in the future for an agreed A “long position” means that the trader will make a profit if the currency………..

1. goes up
2. goes down
3. stays the sam

2.When I write out a cheque, I keep a record by filling in the……….

1. receipt
2. invoice
3. counterfoil

3.If you don’t have a cheque book, you can pay by getting a……………from a branch of your

1. banker’s draft
2. bank paper
3. bank ticket

4.Unlike a personal cheque, a banker’s draft can’t …….

1. be rejected
2. bounce
3. crash

5.A banker’s draft is also known as a bank draft or a…….

1. banker’s cheque
2. banker’s note
3. banker’s ticket

6.If you need to borrow money, you can apply to your bank for an………

1. overdraft possibility
2. overdraft facility
3. overdraft opportunity

7.If you need to borrow more money from your bank, you can ask them to increase your ………….

1. overdraft limit
2. overdraft level
3. overdraft supply

8.If you want to borrow money from a third party*, you may have to supply a……………..

1. banker’s support
2. banker’s promise
3. banker’s reference

9.A banker’s reference proves to a third party that you are .

1. moneyed
2. creditworthy
3. rich enough

10..Regular automatic payments of the same amount (e.g. to a charity) are called ………………

1. standing orders
2. direct debits
3. direct orders

11.Regular automatic payments of varying amounts (e.g. electricity bills) are called ……………..

1. standing orders
2. direct debits
3. direct orders

12.With my savings account, I have to………30 days notice if I want to………a

1. say / do
2. give / make
3. ask for / take

13.Many employees receive their salaries directly into their accounts by………

1. BACS payment
2. BATS payment
3. BAPS payment

14.BACS stands for Bankers Automated………

1. cheque system
2. cost system
3. clearing system

15.I earn a lot of money, but I have a lot of………..

1. payouts
2. expenses
3. paying

16.Famous paintings are usually sold by…………

1. bid
2. highest price
3. auction

17.In an auction, the item is sold to the person who makes the highest………..

1. bid
2. price
3. offer

18.In Japan, the US dollar is…………

1. foreign money
2. strange money
3. a foreign currency

19.In Britain, it’s not usual to discuss your personal ………..

1. money
2. finances
3. money arrangements

20.You can………..a house and………..a

1. A.hire / rent
2. hire / hire
3. rent / rent or hire