Financial quiz 1

Complete the sentences with one of the word from the list.

interest, repossess, loan, private pension plan, collateral, mortgage, overdraft

-what you can earn when you leave your money in the bank 1) __________________
-an amount of money borrowed from a bank for a certain length of time, usually for a specific purpose 2) _________________
-something that acts as a security or a guarantee for a debt 3) ________________
-an arrangement to withdraw more money from a bank account than you have placed in it 4) _________
-a long term loan to buy somewhere to live 5) ______________
-an arrangement for saving money to give you an income when you stop working 6) ____________
-to take back property that has not been completely paid for 7)_________________

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