Banking/Investing/Financial terms 3

QUESTIONS:
(Choose the best response for each one)


1. This account offers easy access, no minimum balance and no monthly _________________.
server fee
service fee
serve-me-fee

2. A high-yield account "yields" ( = pays) more _________________ than a normal account.
interesting
interim
interest

3. If your check "_________________", there was probably not enough money in your account to cover it.
binds
bounces
burns

4. Many banks currently offer their customers the opportunity to do their banking _________________. ( = over the internet)
online
inline
web

5. A person's credit _________________ is a formal evaluation of his/her loan-repayment history or potential.
rating
level
rate

6. Informally, having a low credit-rating is referred to as having " _________________".
good credit
insufficient funds
bad credit

7. A bank will not give you a loan unless you provide some kind of ____________________. ( = something of value as a guarantee of repayment)
collateral
collocation
promise

8. If your bank account goes into "overdraft", it means ____________________.
you owe the bank money
the bank owes you money
your balance is 0

9. A ____________________ loan is a loan backed up with collateral.
security
secured
secular

10. ____________________ a mortgage or other type of loan can lower the monthly payments owed on the loan.
Reworking
Redoing
Refinancing

Check answers at http://www.businessenglishsite.com/exercise_banking3.html