mr Milica Vukovic

REVISION – UNIT 6; UNIT 7

I FILL IN THE GAPS AND DECIDE WHETHER THE STATEMENTS ARE TRUE OR FALSE:

Online Banking 24/7

1) ______Because of this, online banking is now one of the fastest growing sectors in the financial services market. 2) ______

- Access 24/7 to your financial statements

- Set up and take control of automated payments

- Transfer funds from one account to the other

- Apply for loans

- 3) ______

- Saving time and gas = saving money

In addition to these advantages, a number of banks which are exclusively online have recently been offering incredible deals. 4) ______

Take advantage of online banking, and you'll probably stop going to the bank altogether. Of course, online banking is efficient for banks as well. 5) ______Administrative costs are slashed because of the more efficient paperwork handling of forms, applications, etc. In fact, not only do physical supply costs decline - the environmental footprint of banks is also greatly reduced through online banking. Of course, there will always be a place for brick and mortar - 6) ______However, online banking will continue to grow in both ease-of-use and services provided as it becomes the standard means of interaction between banks and their clients.

a) Monitor incoming and outgoing credits and debits

b) Personnel costs are greatly reduced because banking transactions can be taken care of without clerks or tellers.

c) Some of these aggressive tactics include no service fees and higher interest rates than at traditional banks.

d) especially for customers concerned with online security issues.

e) Around the clock banking has become the standard with which to measure all other financial services.

f) Here are some of the advantages of online banking:

1 / 2 / 3 / 4 / 5 / 6

Decide if the following statements are true, false or is there no evidence:

  1. The use of online banking results in a reduction of the amount of paper used.
  2. In the future, there will be no brick and mortar banks at all.
  3. The use of online banking allows customers to check the balance on their account on Sundays.
  4. Online banking is environmentally-friendly.

1 / 2 / 3 / 4

II CHOOSE THE CORRECT ITEM TO BEST COMPLETE THE SENTENCES:

  1. Most people know that starting a ______account makes sense financially.

a) savingb) savingsc) moneyd) loan

2. Instead of writing a check for the amount of tax due, you instruct your financial institution to ______the funds from your account to ours.

a) moveb) pay intoc) transferd) overdraw

3. The original idea of a ______house was an institution designed to facilitate the settlement of daily balances due to and from a number of banks.

a) merchantb) commercialc) retaild) clearing

4. Find the latest ______exchange rates and convert all major world currencies with our currency converter.

a) moneyb) monetaryc) interestd) currency

5. The standard ______rate in Montenegro is 17%. There are reduced rates of 7% and 0%.

a) VATb) PAYEc) IOUd) AOB

6. The ______amount per project generally does not exceed US$ 8 0000.

a) ventureb) grantc) financiald) fund

7. There are a number of ______projects supporting people living with HIV.

a) citizenb) environmentalc) effortsd) grass root

8. ______development is a pattern of resource use that aims to meet human needs while preserving the environment so that these needs can be met not only in the present, but also for future generations.

a) viableb) sustainablec) profitabled) committed

9. In order to be able to ______credit cards to their customers, firms must agree to abide by the rules of the relevant card scheme.

a) issueb) publishc) publicized) present

10. This banking account has a minimum opening ______requirement of $100.

a) sheetb) moneyc) balanceb) bill

1 / 2 / 3 / 4 / 5 / 6 / 7 / 8 / 9 / 10

III Match the words to make common collocations:

1.checka) claims

2. apply forb) awareness

3. writec) cash

4. maked) a deposit

5.doubte) business

6. withdrawf) a loan

7. conductg) balance

8. raiseh) a cheque

1 / 2 / 3 / 4 / 5 / 6 / 7 / 8

IV Complete the table:

Verb / Noun (idea) / Noun (person) / Adjective
activate / active
progress / -
manager
development
employee

V Choose the correct item to best complete the sentence:

1. I can understand everything you say about wanting to merge with this company. ______, I am totally against it.

a) despiteb) in spite ofc) howeverd) in contrast to

2. ______they were well qualified, they could not find jobs.

a) despiteb) neverthelessc) nonethelessd) even though

3. While they were well qualified, they ______found it hard to find jobs.

a) yetb) stillc) howeverd) but

4. ______increased market share, profits have fallen.

a) despiteb) howeverc) neverthelessd) although

5. ______they had a good strategy, their negotiations failed.

a) despiteb) in spite ofc) stilld) even though

1 / 2 / 3 / 4 / 5

VI Complete the sentences using the correct form of the verbs in brackets:

  1. If I ______(be) the Prime Minister, I ______(reduce) the taxes.
  2. If I ______(be) you, I ______(accept) this job offer.
  3. If you ______(catch) the ten o’clock flight, you ______(be) there at 12. I think you can make it!
  4. My dad never went to university. If he ______(be) to university, he ______(study) Economics for sure.
  5. I bought a Nissan. I ______(buy) a Mercedes, if I ______(be able) to afford it.

VI Change the sentence:

a)into passive:

  1. A leading expert in this field has written this report.

______

  1. 2. The Minister is increasing the taxes by 20%.

______

  1. Mary can prepare the presentation for tomorrow.

______

b) into active

  1. Lectures are recorded and posted on the Internet.

______

  1. Had the report been completed by 5 o’clocked yesterday?

______

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