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WorksheetsUnit19
Total questions: 61
Worksheet time: 31mins
. If you want to buy a house, .................
the bank will buy the house for you.
you will get stocks from the bank to buy the house.
. the bank offers you a mortgage.
. you lend the bank money.
The ................. are the persons who prepare financial accounting.
. tellers
accountants
customers
bank holders
. Making a note of a double entry means .................
. to credit an account
to debit an account
. to credit and debit in one account with the same amount
. to credit and debit in two accounts with the same amount
. Current bank account is opened by businessmen ................. have a higher number of regular transactions with the bank.
whom
whose
which
who
Another way to say "debit card" is .................
. credit card
plastic card
. bank card
. ATM
. Is there ................. around here somewhere? (= a cash machine)
. an electronic machine
an ATM
. a money machine
a standing order
. If you’ve lost your bank card you can ................. for a new one.
. reply
. apply
. fill
deposit
You don't have any ................. (= money) in your account.
. funds
. fun
. funding
. coins
. The bank ................. my husband's credit card because he didn't pay his credit card bills.
. reneged
. retracted
. cancelled
rejected
A document which shows all your withdrawals and deposits in an account (usually for one month) is called a "bank ................."
. stapler
. bill
. account
. statement
. I'd like to ................. some money to my other account
transfer
. change
. withdraw
deposit
................. is used for day-to-day expenses by writing cheques anywhere at any time. With a cheque-book, the payment of everyday bills can be easy.
. A joint account
A deposit account
A savings account
. A current account
A current account holder has to pay a monthly service charge when .................
. he withdraws money from his account
. he withdraws money from another’s account
he withdraws to leave the balance smaller than the minimum
he withdraws to leave the balance larger than the minimum
. Banks exchange foreign currencies for people going abroad and sell traveler’s cheques protected ................. loss or theft
. for
. against
with
. about
. If the borrower does not repay the mortgage, the bank can ................. the house or flat and sell it.
repossess
. withdraw
. evaluate
. exchange
The customers’ deposits are the bank’s ................. because this money is owed by that bank to the customer depositing it in the bank.
assets
. liabilities
. capital
. cash
The rates of interest on long-term deposits are ................. those on short-term ones.
. higher than
. lower than
. the same as
similar to
Most banks provide their savings account customers with a passbook ................. records all their transactions
. where
whose
. which
who
In current account, amount can be deposited and ................. at any time without giving any notice.
. withdrawn
withdraw
withdrawed
. drawn
A cashier's check is a check that's ................. by a bank.
. guaranteed
. guarantee
warrantee
. granted
1. This is the general name for the ‘place’ where you keep your money safely.
a house
. a bank account
. a bank clerk
. an account holder
This is the person who works in a bank and gives you your money and helps you with enquiries.
. a bank loan
a bank account
a bank clerk
an account holder
. If you do this, you have to pay some extra money because you borrowed some money from the bank
to save money
to deposit money
to withdraw money
. to pay interest
You have one of these if you have borrowed money from the bank, perhaps to buy a car or a computer
a bank loan
. a bank account
. a credit card
a current account
. An amount of money paid to a bank for keeping of an account
. account charge
. cash
. interest
account holder
Remaining amount of money in an account.
cash
. interest
. balance
. charge
A sheet of paper consists of 5 columns: Date, Details, Debits, Credits and Balance.
. standing order
account statement
checkbook
. bank account
. A kind of account which pays interest, but from which notice usually has to be requested to withdraw money
. demand account
current account
savings account
Deposit account
. A kind of account which is opened for a business.
. corporate account
sole account
personal account
joint account
A kind of account which is opened for individuals.
. corporate account
sole account
. personal account
. joint account
Any activity (withdrawal, deposit, etc.) performed by the holder of an account.
statement
transaction
overdraft
standing order
Deficit in a bank account caused by withdrawing more money than is paid in.
deposit
. withdraw
loan
. overdraft
. An instruction to a bank to make regular payments.
. standing order
transaction
checkbook
paying-in slip
. Small document recording money that you pay in to a bank account.
. standing order
statement
. checkbook
paying-in slip
(Plastic) card from a bank authorizing the purchasing of goods on credit.
. debit card
credit card
deposit slip
cash card
A kind of account which pays no interest and from which customers can withdraw money at any time
deposit account
time account
current account
. business account
. This means that you put money into your account.
to deposit money
. to withdraw money
to save money
. to pay money
This is actual money that you can hold e.g notes and coins.
. cash
. assets
. liabilities
. account
A person who holds (has) an account in a bank
borrower
depositor
customer
. account holder
A bank employee that deals directly with customers, receiving and paying out money.
a holder
. a teller
. a counter
a depositor
Nearly all customers have a debit card allowing them to make ….... (withdraw) and do their transactions at cash dispensers.
withdrawals
.withdraw
withdrawing
.withdraws
Banks are closely concerned with the flow of money into and out of the …... (economic).
A.economic
economy
economical
.economize
. Banks are …... (special) in the business of providing capital, and in allocating funds on credit.
special
.specialists
specialize
specially
Banks originated as places to which people took their …... (value) for safe-keeping.
.values
.valuation
valuables
.value
The primary function of a bank today is to act as an intermediary between …... (deposit) who wish to make interest on their savings, and borrowers who wish to obtain capital
deposited
depositors
depositing
deposit
. The bank is a reservoir of loanable money, with streams of money flowing in and out. For this reason, …... (economic) and financiers often talk of money being liquid.
economists
economy
.economical
economic
Today the great banks of the world have many functions in addition to acting as guardians of ….... (value) private possessions.
value
.valuer
.valuable
.valuables
For the safety, …... (convenient) and many other benefits, the number of people opening a bank account is increasing
conveniently
inconvenience
.convenience
convenient
A …... (withdraw) slip is normally used to withdraw money from an account.
.withdrawn
.withdew
withdrawal
.withdraw
Current account …... (hold) can withdraw money from their account by writing cheques. In this case, they do not need to write their names as the payee of the cheque.
.hold
holders
holding
.held
To open an account, the ….(apply) is required to fill in an account opening application form and to deposit some money
.apply
applicant
applicable
application
. When people have more money than they need to spend, they may deposit it in a bank account at a ..... (commerce) or retail bank, that generally pays interest to them.
commerce
. commercial
. commerces
The bank then uses the money deposited to grant loans to borrowers. Banks make profit by charging higher interest rate to borrowers than that they pay to .... (deposit).
. deposition
. deposit
depositors
. deposited
. Banks often cooperate with governments in efforts to .... (stable) economies and prevent inflation.
stable
stabilize
stables
stabled
. Most customers have a credit card used for buying goods and ..... (serve) as well as for borrowing money
.services
serve
server
served
. In some countries, people pay bills by bank transfer including standing order, used to pay regular fixed sums of money, and direct debits, used when the .... (pay) amount and date vary.
payable
pay
. payment
. payer
Banks can offer overdrafts, allowing customers to overdraw an account – they can have a debt, up to an agreed limit, on which interest is .... (calculate) daily.
. calculate
. calculated
calculates
calculation
. Before going on business, the director has prepared some blank cheques for the chief ..... (account).
.accountant
. account
. accountability
accounted
The .... (balance) between demand for and supply of a specific foreign currency causes problems for banks.
balance
unbalance
balanced
. Current bank account is opened by businessmen who have a higher number of regular transactions with the bank. It includes deposits, ... (withdraw), and contra transactions.
withdrawals
withdraw
withdrawal
withdrawn
most retail banks have......(standard) products for personal customers ,such as personal loans.
standardizing
standardization
standard
standardized
