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

I. Choose the word that best completes the sentence:


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


2. Because he had made such ............... investments, he lost very little money when the stock market went down.
A. conservatively
B. conservative
C. conserve
D. conserved
Explain:


3. Those ............... on my desk contain all the information we′ll need for preparing our taxes.
A. file
B. filing
C. filed
D. files
Explain:


4. I′m going to call the bank manager ahead of time to make certain that she will ............... a personal check to start a new account.
A. acceptable
B. accept
C. accepted
D. acceptance
Explain:


5. The ............... of the forms took much less time than we expected.
A. preparatory
B. preparation
C. prepares
D. prepared
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. borrow
B. borrowed
C. borrowing
D. borrows
Explain:


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


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