Banking/Investing/Financial terms 7

QUESTIONS:
(Choose the best response for each one)


1. Last July's crisis sent financial markets into a ___________________. ( = they went down considerably)
tailspin
conundrum
crisis

2. John A. Thain is often credited with ___________________ the New York Stock Exchange.
revitalizing
refurbishing
renovating

3. He really turned this business ___________________ = He really made a big difference/ improvement.
anew
along
around

4. The new direction ___________________ among investors. ( = made investors very nervous)
nerved up
fueled anxiety
made anxious

5. A year after he arrived, he ___________________ a deal to merge with a rival bank.
expressed
experienced
executed

6. He took a ___________________ ( = agreed to earn less money) to work here.
pay cut
salary increase
payback

7. In finance, a "writedown" refers to the process of reducing the book value of an asset because it is ___________________ ( = worth too much) compared to the market value.
overvalued
undervalued
valued

8. That bank did better than was expected last year because it took risks that it didn't fully ___________________ ( = let people know about).
discuss
close
disclose

9. Banks usually ___________________ higher rates on long-term loans.
in charge
charge
provide

10. Great news! Our bank is now ___________________ higher rates on certain savings and checking accounts.
charging
offering
practicing

Check answers at http://www.businessenglishsite.com/exercise_banking7.html