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

2) If a person or business has more debts than money to pay them, this means they may be declared BANKRUPT 3)He has just written a special edition for the bank employees. A special edition HAS JUST BEEN WRITTEN by him for the bank employees 4)The manager demands that the main entrance SHOULD BE locked at night.(BE) 5)In a free market economy the price is determined by DEMAND and SUPPLY . 6)The board of directors recommended that she JOIN (SHOULD JOIN) the company. 7) The double entry bookkeeping system records at least one CREDIT and one DEBIT for each transaction 8) Private employment agencies must place signed advertisements but sometimes they dont. When the advertisement does not show the firms name it is called BLIND advertisement. 9)The excess of expenses over revenues for a period is called a NET LOSS.. 10)You are talking to a customer who has asked you to replace a lost credit card for the fifth time. If you LOSE your card again in the future, Im afraid that the bank WILL REFUSE to issue a replacement. 11)A key term used in financial statements/reports that indicates what the business owes e.g. bank overdraft, creditors, loans, staff leave not yet taken ANS: LIABILITIES 12)How much is the interest for a savings account? asked the customer. The customer asked how much the interest for a savings account WAS. 13) The fundamental accounting equation is : ASSETS = LIABILITIES + EQUITY

14) A/an PROFIT AND LOSS ACCOUNT is a formal financial statement that aids users in assessing the profitability of a business. 15) A bank representative has just refused your request for a $2000 loan because you do not have enough money in your savings account. If you had had more money in your account, the bank would HAVE LENT you the $2000. 16)Money taken from the profits made by companies is known as : CORPORATION tax. 17) Things of value owned by an entity. ASSETS 18) The marketing people are complaining about the lack of staff and if we HAD HAD HAVE more money we would EMPLOYED more people.

19) I have just opened a savings account. I want to go to Bahamas next summer my uncle said. My uncle said he had just opened a savings account, as he wanted to go to Bahamas 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 UNEMPLOYMENT benefit. 21) Dear Ms. Morrison We are pleased to confirm that we have OPENED an account in your name. The account number is 8709000514 and your OPENING balance is $4000. May I take the opportunity once more to welcome you as a customer of the Mediterranean Bank Yours sincerely, T.S Schneider Manager

22) State the COMMONEST METHOD OF PAYMENT for trade between countries. It is operated by the banks and money is transferred from the buyer to the seller through the banking system. ANS: LETTER OF CREDIT 23) One of the most important shipping documents which is also a document of title is the BILL OF LANDING 24)Although I cannot see you, I can hear you good. WELL 25) Traducei in limba englez urmtoarele doua servicii oferite de bncile comerciale facilitatea de retragere numerar n cont descoperit (descoperit de cont) credit ipotecar ANS: overdraft facility mortgage bank loan overdraft facility mortgage loan overdraft facility mortgage overdraft mortgage loan overdraft mortgage 26) Traduceti in limba engleza urmtoarele documente bancare / financiar contabile 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 government to people who do not have a job. 28) Transform the following active construction into a passive construction. Insert the adverb in brackets. Use the same tense. They have opened the new conference hall (just) The new conference hall HAS JUST BEEN opened

29) Transform the following active construction into a passive construction. 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 between REVENUES and EXPENSES 31)Dear Ms. Melrose: The purpose of this letter is to advise you that I HAVE CONTACTED my attorney and plan to FILE a suit against Class Arrivals unless you drop the charges for which I have BEEN billed. 32) Dear Mr. Howard I would like to apologize for the error we MADE on our invoice DCI-987 dated June 15. Im CANCELLING that invoice and re-invoicing you as follows: 12 tables @ $11,48 each $137.76 48 chairs @ $2.05 each $ 98.40 12 tablecloths @ $1.88 $ 22.56 24 5-piece place settings @ $3.24 each$ 77.76 Subtotal $336.48 Tax (4.5%) $ 15.14 ______ Total $351.62 I hope this resolves the issue to your satisfaction. I look forward to DOING business with you in the future. Yours sincerely, 33) Dear Mr. Boyanov Im sorry to learn about the damage to the sofa that you PURCHASED from us last month. Our driver has determined that the damage occurred in shipment (most likely from the manufacturers warehouse to our store). Ive ordered an exact replacement from the factory, and Ive been TOLD that it will take four to six weeks to get here. Ill call you as soon as it ARRIVES and we will 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

34)Dear Mr. Boyanov Unfortunately, we still have not RECEIVED your $2,375.60 payment for merchandise you purchased January 15 (invoice #4454, dated January 17). Because your account is three months PAST due, we are now forced to add a late charge of $23.75 in accordance with our credit policy. The new balance is $2.399.35 Please be sure to SETTLE your account with us today. If you have difficulty paying the full amount now, please call me today to discuss arranging a payment schedule. Sincerely, Bob Chamberlain Manager 35) The most popular way of calculating the depreciation each year is the STRAIGHT-LINE method. 36) The PROFIT AND LOSS ACCOUNT is a summary of the companys trading 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 question I haven't got enough money for lunch. Could you LEND me some? 39) Dear Mr. James Re: Invoice 32448 I am writing to you once again regarding the above invoice, dated 11 January , for the exhibition equipment we supplied to you. This invoice is still OUTSTANDING. According to our records, we have not yet received your REMITTANCE or a reply to our previous requests for payment, dated 18 February and 15 March. Under the terms of our contract you HAVE UNDERTAKEN to settle within thirty days of receipt of our invoice. Unless I receive full payment within the next seven days, you will leave me no alternative but to put this matter into the hands of my solicitor. Yours sincerely, Marin Ionescu Head of Financial Dept. 40) VAT VALUE ADDED TAX

41) 1. After the fall of Communism, Eastern Europe countries have been faced with numerous ECONOMIC problems. 2. His main strength consists in his ECONOMICAL style of writing. 3. Western countries have a sound ECONOMIC policy. 42) Daca nu as fi fost disponibilizat acum nu triam din ajutorul de somaj. If I HADNT BEEN laid off I wouldnt have lived on UNEMPLOYMENT benefit now 43) They will have to adopt a different attitude. A different attitude will have to BE ADOPTED by them 44)People who buy shares in a company are called SHAREHOLDERS. 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 OVERHEADS 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 COMPLAINTS from customers. 51) The building society has approved their mortgage loan APPLICATION 52) He left university after GETTING 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 demand and supply is called: STOCK EXCHANGE

55) Complete the following sentence with the correct missing word(s). One source of job information is a newspaper ............ ANS: ad advertisement 56) Complete the following sentence with the correct missing word(s). A/ An BLIND advertisement does not show the company s name. 57) The companys human RESOURCES department selects the applications that it considers the most suitable. 58) The department in charge with the selection of the applications will prepare a final SHORT list of candidates to be interviewed. 59) The candidates may have the chance to meet the employer face-to-face if they are invited to attend a/an INTERVIEW 60) If you believe in your ability to become the succesful job CANDIDATE chosen by that company, prove it in an interview. 61) Sending a LETTER of application means your intention in getting a job or a position in a company. 62) People interested in a job or a position can APPLY for it by sending first a Curriculum Vitae.