Banking Finance Tax Test SK2019 - 1
Banking Finance Tax Test SK2019 - 1
Banking Finance Tax Test SK2019 - 1
I. Match the words on the left with the nouns on the right to form common banking
II. Complete the sentences with the following verbs in the correct form. Use each
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Test on Banking and Finance Name: Group:
1. bank statement
2. bill of exchange
3. current account
4. deposit account
5. interest rates
6. investment advice
7. letter of credit
8. mortgage
9. overdraft
IV. Fill in the blanks with the appropriate words or phrases. 15 pts.
1. The total profit after tax divided by the total number of shares issued is called the
__________________________.
2. The principle of recording sales or purchases in the period regardless of when actual
3. The loss in value of some assets over a period of time due to wear and tear is called
___________________.
4. The cash flow statement shows all the money coming in and going out of the company
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Test on Banking and Finance Name: Group:
5. Items reported in the profit and loss account that are not regular and usual such as the
___________________.
6. Every year we produce an annual report with three key sets of figures:
________________, ________________________, and
_________________________.
7. Cost directly in the production of goods such as labour costs and cost of materials are
called ______________________________.
8. ______________________ liabilities are debts that are to be repaid further in the future
over a number of years whereas ________________ liabilities are those that have to
2. Interest is charged at the current rate which is 2.5% above the ____________ rate.
4. Possessions acquired by a company for long term use (e.g. buildings) are called
_________.
assets
6. After dispatching the goods the exporter ________________ the documents to his
bank.
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Test on Banking and Finance Name: Group:
8. _______________ means allowing a currency to find its true level against other
currencies.
10. Sales are a good way for _________________ to get rid of surplus stock.
1. What are the various methods of payment that are used in foreign trade?
2. Which payment method is the most secure for both the exporter and the importer
and why?
3. What is a balance sheet and what are some of the main items that are reflected in
the balance sheet.
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