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

I. Choose the word that best completes the sentence:


1. I didn′t overpay my taxes this year so I didn′t get a ................
A. refunds
B. refundable
C. refunded
D. refund
Explain:


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


3. The ............... figures for the next quarter will not be available until a week from tomorrow.
A. projects
B. projection
C. project
D. projected
Explain:


4. We didn′t know we had to claim the interest from our savings account and were ............... for the error.
A. penalize
B. penalizing
C. penalized
D. penalty
Explain:


5. The projected financial statement demonstrated to Susan that her business had a ............... chance of increasing its profit over the next two quarters.
A. realist
B. reality
C. realistically
D. realistic
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. borrows
C. borrow
D. borrowing
Explain:


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


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