Banking systems

1. Banking systems Vocabulary exercise

2. Vocabulary exercise • Interest rates v______ because individual lenders are free to set unique rates and terms. (differ) • Meatpacking and the manufacture of farm equipment are the c____ industries. (main, primary) • GNP is also r_______ to as Gross National Income. • Although digital cameras a_____ to be complex to use, they actually aren’t. (seem)

3. Vocabulary exercise • Westfalia Separator is one of the few globally operating companies which have a quality certificate with world-wide v___. (the quality of being true, accepted, legal) • Financial i____ may include banks, broker-dealers, investment advisers and financial planners. (mediators) • Restaurants f___ i____several industry classifications based upon menu style, preparation methods and pricing. (are divided into)

4. Vocabulary exercise • Commercial paper is i___ e___ a very short-term bond, usually for any period less than one year. (essentially, basically) • Many individuals search for tiny personal loans p_____ when they want cash suddenly. (specifically) • There is no need to e____ (stress, give prominence to) that you b_____ (take a loan from somebody) only what is required and desist from the allure of borrowing more as this will increase the expenses.

5. Vocabulary exercise • The public sector current budget is calculated by subtracting current expenditure from current r_______. (profits, a quantity or amount received)