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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 accountant can review all the ............... of the financial statement with you.
A. detailed
B. detailing
C. details
D. detail
Explain:


2. Is it ............... to consider funding a new project when we haven′t even seen the returns from the last one?
A. wisdom
B. wise
C. wisely
D. wisest
Explain:


3. The ............... of the forms took much less time than we expected.
A. prepares
B. preparatory
C. preparation
D. prepared
Explain:


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


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



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

Dear Customer,
Our records show that you qualify for our new automatic mortgage payment plan. Under this plan, your monthly mortgage payments (1)............... from your savings account automatically. Now you no longer have to worry about making your payments on time! We do it all for you. You must maintain a sufficient (2)............... in your account to cover the monthly payments. If you are interested in participating in this plan, simply complete the enclosed form. Certain (3)............... apply to this plan, so read the explanation on the back of the form carefully. You may return the form in the enclosed envelope. Don't forget to sign it at the bottom. Your automatic deductions could begin as early as next month.


1.
A. are deducted
B. deduct
C. are deducting
D. deducted
Explain:


2.
A. transaction
B. down payment
C. dividend
D. balance
Explain:


3.
A. restrictions
B. restricted
C. restricts
D. restrictive
Explain:
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