Bank Terminology English Grammar MCQ with Answers

Question. Mandy wants to buy ....... because she doesn't want to carry cash when she goes to Europe.
(a) a line of credit
(b) traveler's checks
(c) a roll of quarters
(d) a pen
Answer. B

Question. Christina wants to ....... her check because she needs the money right away.
(a) rent
(b) buy
(c) cash
(d) exchange
Answer. C

Question. Robert ....... a check this past week. Now, he must pay two NSF charges because of it.
(a) hopped
(b) skipped
(c) bounced
(d) threw
Answer. C

Question. ....... charges are high and cause a lot of problems for people who bounce checks.
(a) NSF (non-sufficient funds)
(c) CAN (check not acceptable)
(b) NEF (not-enough funds)
(d) CP (check problem)
Answer. A

Question. Raymond wants to ....... his account balance because he is afraid that there isn't enough money to cover an upcoming payment.
(a) check
(b) withdraw
(c) exchange
(d) open
Answer. A

Question. Every two weeks, Sandy's salary is ....... directly into her bank account. It usually goes in before midnight on Fridays.
(a) filled
(b) deposited
(c) exchanged
(d) opened
Answer. B

Question. Laurie has a lot of foreign currency that she wants to ....... into local currency.
(a) open
(b) exchange
(c) fill
(d) review
Answer. B

Question. Rose went into the bank today to ....... a new checking account.
(a) exchange
(b) withdraw
(c) open
(d) fill
Answer. C

Question. In the past, all customers ....... out withdrawal slips in order to withdraw funds from their accounts. Nowadays, many banks are paperless and can withdraw the funds electronically.
(a) opened
(b) exchanged
(c) reviewed
(d) filled
Answer. D

Question. Whenever customers open a new checking account, the bank allows them to ....... personalized checks.
(a) rent
(b) take out
(c) borrow
(d) order
Answer. D

Question. Ben and Jen need money to redecorate their home. So, they asked a loan officer if they qualify for a ....... instead of a second-mortgage on their house.
(a) deposit slip
(b) line of credit
(c) debit card
(d) bill
Answer. B

Question. Nowadays, bank customers have more options. For example, they can pay their bills over the telephone or they can pay them ........
(a) online
(c) with a safety deposit box
(b) over the phone
(d) with a bank teller
Answer. A

Question. Some people rent a ....... in order to keep important papers and items safe.
(a) deposit slip
(b) safety deposit box
(c) debit card
(d) bank statement
Answer. B

Question. Almost all customers have a ....... card so they don't have to go into the bank to withdraw money. They can also use their cards to purchase goods in stores.
(a) export
(b) debit
(c) withdrawal
(d) loan
Answer. B

Question. Laurie has two accounts. She can ....... funds from her checking account into her savings account right over the phone.
(a) loan
(b) order
(c) transfer
(d) rent
Answer. C

Question. Every month, Kevin ....... his bank statement in order to balance his checkbook.
(a) fills out
(b) exchanges
(c) withdraws
(d) reviews
Answer. D

Question. Mary has an appointment with a loan ....... because she wants to buy a new car and needs $3000 to complete the purchase.
(a) teller
(b) secretary
(c) taker
(d) officer
Answer. D

Question. Karen learned how to ....... her checkbook at an early age. Her father thought it was important.
(a) balance
(b) pay-off
(c) exchange
(d) withdraw
Answer. A

Question. Rose and Tom want to get approved for a ....... because they want to buy a house this year.
(a) check
(b) safety deposit box
(c) mortgage
(d) savings account
Answer. C

Question. Normally, people get ....... for a mortgage before they go house shopping so they know what kind of house they can afford to buy.
(a) pre-approved
(b) withdrawal slips
(c) an order
(d) traveler's checks
Answer. A