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

I. Choose the word that best completes the sentence:


1. Sometimes it is difficult to ............... of bad investments.
A. pull up
B. pull at
C. pull to
D. pull out
Explain:


2. Our business experienced a ............... fall in profits during the third quarter of the year.
A. typical
B. typically
C. type
D. typed
Explain:


3. It is usually advantageous for spouses to file their income taxes ................
A. joint
B. jointed
C. jointly
D. joints
Explain:


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


5. I didn′t overpay my taxes this year so I didn′t get a ................
A. refundable
B. refunded
C. refund
D. refunds
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. refund
B. target
C. down payment
D. forecast
Explain:
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