UNIT 15

institutions constitutes … .
a)capital b)

deposit c) finance
2. Money available in the banking system for
individuals and businesses to borrow is …
a) credit b) currency c) debts
3. All the money a person receives is known as … .
a) aid b) income c) wages
4. A fixed amount of money earned for a week’s
manual work is called … .
a) income b) salary c) wages

employee
(in monthly instalments) is a … .

a) loan b) salary c) wage
6. Extra money paid to employees for good financial
results is a … .
a) bonus b) fee c) revenue
7. Money paid to salespeople and agents depending on
the amount of goods sold is … .
a) bonus b) commission c) overtime
8. The money needed to start a company is called … .
a) asset b) capital c) debt

house-price bubble.
2. The subprime crisis occurred when
the Federal

Reserve raised interest
rates.
3. House buyers expected the value of
their property to rise, but instead it
fell.
4. Subprime mortgages have special low
interest rates.

mortgages, believing them to be safe.
6. Mortgage-backed securities

were
divided into prime and subprime
instruments.
7. People who defaulted on their
mortgages had their homes
repossessed by the lenders.

competitors
details ABOUT the customer
what you will use your company FOR
the

minimum level OF sales
what is special ABOUT the company
make projections FOR future revenue
give details OF previous investment
an exit strategy FOR investors

shareholders the right to sell their equities

Invoking so-called limited liability