Banking System

When I need money I ___ some from a cash machine.

• Refund

• Lend

• Withdraw

They ___ ten per cent of their wages every month to go on holiday.

• Save

• Invest

• Exchange

The banks give ___ to people or companies to help them with their projects.

• Interest

• Loans

• Rate

The ___ is a price that people or companies pay in order to use the money for a certain period of time.

• Bank statement

• Bank charges

• Interest rate

The dollar is the most important ___ in the foreign exchange market.

• Currency

• Draft

• Rate

The movements of money between banks are called ___.

• Transfers

• Cheque

• Funds

When people decide to start a business they need to ___ money, looking for profitable returns.

• Debt

• Invest

• Save

When I want to buy something I always ___in order to get a lower price.

• Broke

• Haggle

• Inherit

T/F - Checking and Savings Accounts are demand deposit accounts.

• True

• False

T/F - ATM cards and Smart Cards withdraw money from a checking account.

• True

• False