The exporter sends the goods and documents to the foreign buyer. The buyer pays the invoice when the goods arrive, or within a certain period from the invoice date. This can be risky,as the exporter trusts the buyer to honour the original sales contract:

The value of one currency in terms of another:

The net worth or equity of the shareholders’ investment in a company:

Loan which is guaranteed by the borrower giving assets as security:

A type of deposit account which pays a favorable rate of interest:

Two or more customers may apply for a ……………………..:

My husband would like to remodel the kitchen so I would like to………$20,000 for a second mortgage on our house:

To put money into the bank:

The ……………….represents the total value of the goods and services produced by a country over some unit of time (a month, a season, a year etc.):

Banks make their profits from the difference between the interest rate charged to borrowers and that paid to depositors, also known as …..:

A record of a depositor’s deposits and withdrawals:

The ……………….shows how big a company’s profit is ( after interest and tax) compared with the shareholders’ equity:

The accounting value of a company ( assets minus liabilities):

An employee who serves customers in a bank for their deposits, withdrawals and other services:

Houses, bungalows, apartments, offices, shops and other any type of building you can own are called…………..:

 ………are people who put money into a business in the hope of making a profit:

The financial institution is as an intermediary since………..:

What role does the board of directors of a bank play?

Units of equity of companies which may be bought and sold on the stock exchange and may rise and fall in value:

Debts which a company has to pay within the next accounting period:

……………………involves recording every purchase and sale that a business makes, in the order that they take place, in journals: