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    1) Money taken by the government on certain imports and exports isknown as : CUSTOMS DUTIES.

    2)If a person or business has more debts than money to pay them, thismeans they may be declaredBANKRUPT

    3)He has just written a special edition for the bank employees.

    A special editionHAS JUST BEEN WRITTEN by him for the bank em-ployees

    4)The manager demands that the main entranceSHOULD BE locked atnight.(BE)

    5)In a free market economy the price is determined byDEMAND andSUPPLY.

    6)The board of directors recommended that sheJOIN (SHOULD JOIN)the company.

    7) The double entry bookkeeping system records at least one CREDITandoneDEBITfor each transaction

    8)Private employment agencies must place signed advertisements butsometimes they dont. When the advertisement does not show the firmsname it is calledBLIND advertisement.

    9)The excess of expenses over revenues for a period is called aNET LOSS..

    10)You are talking to a customer who has asked you to replace a lost credit

    card for the fifth time.If youLOSEyour card again in the future, Im afraid that the bankWILLREFUSEto issue a replacement.

    11)A key term used in financial statements/reports that indicates what thebusiness owes e.g. bank overdraft, creditors, loans, staff leave not yet takenANS: LIABILITIES

    12)How much is the interest for a savings account? asked the customer.The customer asked how much the interest for a savings accountWAS.

    13) The fundamental accounting equation is :ASSETS = LIABILITIES + EQUITY

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    14) A/anPROFIT AND LOSS ACCOUNTis a formal financial statementthat aids users in assessing the profitability of a business.

    15) A bank representative has just refused your request for a $2000 loan be-cause you do not have enough money in your savings account.

    If you had had more money in your account, the bank would HAVELENTyou the $2000.

    16)Money taken from the profits made by companies is known as : COR-PORATION tax.

    17) Things of value owned by an entity.ASSETS

    18) The marketing people are complaining about the lack of staff and if weHAD HAD HAVEmore money we would EMPLOYED more people.

    19) I have just opened a savings account. I want to go to Bahamas next sum-mer my uncle said.

    My uncle said he had just opened a savings account, as he wanted to go toBahamas the following summer.

    You must take out a mortgage. my parents- in-law said last year.

    Last year, my parents-in-law said that we HAD TO take out a mortgage.

    20) Money paid to people that are made redundant is known as UNEMPLOY-MENTbenefit.

    21) Dear Ms. MorrisonWe are pleased to confirm that we have OPENED an account in your name.The account number is 8709000514 and yourOPENING balance is $4000.

    May I take the opportunity once more to welcome you as a customer of the

    Mediterranean Bank

    Yours sincerely,

    T.S SchneiderManager

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    22)State the COMMONEST METHOD OF PAYMENT for trade betweencountries. It is operated by the banks and money is transferred from thebuyer to the seller through the banking system.ANS: LETTER OF CREDIT

    23) One of the most important shipping documents which is also a document oftitle is theBILL OF LANDING

    24)Although I cannot see you, I can hear you good.WELL

    25) Traducei in limba englez urmtoarele doua servicii oferite de bncilecomerciale

    facilitatea de retragere numerar n cont descoperit (descoperit de cont)

    credit ipotecar

    ANS:overdraft facility mortgage bank loanoverdraft facility mortgage loanoverdraft facility mortgageoverdraft mortgage loanoverdraft mortgage

    26) Traduceti in limba engleza urmtoarele documente bancare / financiarcontabile

    extras de cont = STATEMENT OF ACCOUNT

    27) Enter the correct words to build expressions related to economics and

    finance. (Scrieti numai cuvintele care lipsesc)

    A BAD debt is a loan that is not likely to be paid back.

    UNEMPLOYMENT benefit is regularly paid by the govern-ment to people who do not have a job.

    28) Transform the following active construction into a passive construc-

    tion. Insert the adverb in brackets. Use the same tense.

    They have opened the new conference hall (just)

    The new conference hallHAS JUST BEEN opened

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    29) Transform the following active construction into a passive construc-

    tion. Insert the adverb in brackets. Use the same tense.

    They have sent for the doctor (already)The doctor ___ ___ ___ sent for.

    ANS: has already been????????????????????

    30) In accounting the idea of income is the difference betweenREVENUESandEXPENSES

    31)Dear Ms. Melrose:

    The purpose of this letter is to advise you that I HAVE CONTACTEDmyattorney and plan to FILE a suit against Class Arrivals unless you drop thecharges for which I have BEEN billed.

    32) Dear Mr. Howard

    I would like to apologize for the error we MADE on our invoice DCI-987dated June 15. Im CANCELLING that invoice and re-invoicing you as fol-lows:

    12 tables @ $11,48 each $137.76

    48 chairs @ $2.05 each $ 98.4012 tablecloths @ $1.88 $ 22.56

    24 5-piece place settings @ $3.24 each$ 77.76

    Subtotal $336.48Tax (4.5%) $ 15.14

    ______

    Total $351.62I hope this resolves the issue to your satisfaction. I look forward toDOING

    business with you in the future.Yours sincerely,

    33) Dear Mr. Boyanov

    Im sorry to learn about the damage to the sofa that youPURCHASED from

    us last month. Our driver has determined that the damage occurred in ship-ment (most likely from the manufacturers warehouse to our store). Ive or-

    dered an exact replacement from the factory, and Ive been TOLD that it willtake four to six weeks to get here. Ill call you as soon as itARRIVES and wewill arrange a convenient time for delivery. I am sorry for the inconvenience

    this has caused you. Ill be in touch very soon.

    Sincerely,Bob Chamberlain

    Manager

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    34)Dear Mr. BoyanovUnfortunately, we still have notRECEIVED your $2,375.60 payment for

    merchandise you purchased January 15 (invoice #4454, dated January 17).

    Because your account is three monthsPASTdue, we are now forced to add alate charge of $23.75 in accordance with our credit policy. The new balance

    is $2.399.35

    Please be sure to SETTLEyour account with us today. If you have difficultypaying the full amount now, please call me today to discuss arranging a pay-

    ment schedule.Sincerely,

    Bob Chamberlain

    Manager

    35) The most popular way of calculating the depreciation each year is theSTRAIGHT-LINE method.

    36) The PROFIT AND LOSS ACCOUNT is a summary of the companystrading performance, the financial movements over the past financial year.

    37) Duty has been paid ON the goods and they are not liable TO VAT

    38) Insert the correct word to finish the phrase or questionI haven't got enough money for lunch. Could youLEND me some?

    39) Dear Mr. JamesRe: Invoice 32448I am writing to you once again regarding the above invoice, dated 11 Janu-

    ary , for the exhibition equipment we supplied to you. This invoice is stillOUTSTANDING.According to our records, we have not yet received your

    REMITTANCE or a reply to our previous requests for payment, dated 18February and 15 March. Under the terms of our contract you HAVE UN-DERTAKENto settle within thirty days of receipt of our invoice. Unless Ireceive full payment within the next seven days, you will leave me no alterna-tive but to put this matter into the hands of my solicitor.

    Yours sincerely,Marin IonescuHead of Financial Dept.

    40) VAT VALUE ADDED TAX

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    41) 1. After the fall of Communism, Eastern Europe countries have been facedwith numerousECONOMICproblems.2. His main strength consists in hisECONOMICAL style of writing.3. Western countries have a soundECONOMICpolicy.

    42) Daca nu as fi fost disponibilizatacum nu triam din ajutorul de somaj.If IHADNT BEEN laid off I wouldnt have lived on UNEMPLOY-

    MENTbenefit now

    43) They will have to adopt a different attitude.A different attitude will have toBE ADOPTED by them

    44)People who buy shares in a company are calledSHAREHOLDERS.

    45) The increase IN salaries is around 4%. Inflation now stands AT 6%.

    46) Our company has over 1000 employees on its payroll. Were expanding

    and personnel is presently HIRING new staff. The companys OVER-

    HEADS including rent, electricity and heating, have doubled this year.

    47) situatie financiar-contabila =FINANCIAL STATEMENT

    48) Operator: Hello, Supermovers, How can I help you?

    Peter: This is Peter Androne. Can I have EXTENSION 334 please ?

    49) If you dont have enough money in your account to pay your bills,

    youll have to ask for a /an LOAN

    50) The pens received before were satisfactory and we had no COM-

    PLAINTS from customers.

    51) The building society has approved their mortgage loanAPPLICATION

    52) He left university afterGETTING a good job in a good company.

    53) FILING systems are very important for the book keeping. (to file)

    54) An organized and regulated financial market where securities (bonds,shares etc.) are bought and sold at prices governed by the forces of demandand supply is called:STOCK EXCHANGE

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    55) Complete the following sentence with the correct missing word(s).One source of job information is a newspaper ............ANS:adadvertisement

    56) Complete the following sentence with the correct missing word(s).A/ AnBLIND advertisement does not show the company s name.

    57) The companys humanRESOURCESdepartment selects the applicationsthat it considers the most suitable.

    58) The department in charge with the selection of the applications will pre-pare a finalSHORT list of candidates to be interviewed.

    59) The candidates may have the chance to meet the employer face-to-face ifthey are invited to attend a/anINTERVIEW

    60) If you believe in your ability to become the succesful job CANDIDATEchosen by that company, prove it in an interview.

    61) Sending aLETTER of application means your intention in getting a job ora position in a company.

    62) People interested in a job or a position canAPPLYfor it by sending first aCurriculum Vitae.