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Vocabulary --> Word review #5 Lesson 21-25 Financing and Budgeting

I. Choose the word that best completes the sentence:


1. The Small Business Administration will help you to arrange to ............... money to start a business.
A. borrower
B. borrowed
C. borrowing
D. borrow
Explain:


2. When we ............... a loan, we found very good terms.
A. taken out
B. taking out
C. take out
D. took out
Explain:


3. Most people get nervous when someone is ............... their books.
A. audited
B. audit
C. auditing
D. audits
Explain:


4. The firm′s ............... studied finance and business administration.
A. accounted
B. accounting
C. account
D. accountant
Explain:


5. We went over our records carefully in order to prepare for the meeting with the ................
A. audited
B. auditor
C. auditing
D. audit
Explain:



II. Choose the word or phrase that best completes the blanks:

First-time home buyers may feel overwhelmed by the process of applying for a mortgage. However, the process of (1)............... money to buy a house is not very complicated. First, you will have to fill out a form giving information about your financial situation. You need to show that you have a good income. It is also important not to have a lot of (2)................ If you already owe a lot of money, the bank may hesitate to lend you more. Then, you will have to make a (3)................ usually about 10 percent of the total price of the house. The bank lends you the rest of the money for the purchase.


1.
A. borrowed
B. borrow
C. borrowing
D. borrows
Explain:


2.
A. debut
B. dubbed
C. doubt
D. debt
Explain:


3.
A. forecast
B. down payment
C. target
D. refund
Explain:
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