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7 views2 pages

1

Uploaded by

tomsmile7788
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Choose the best answer

1. Using a bank account is:

a. safe b. convenient c. both a and b

2. Using a current account is:

a. safe b. convenient c. both a and b

3. A current account is similar to:

a. checking account b. savings account c. both a and b

4. A current account is the same as a checking account. But a current account is used in

the ................ while a checking account is used in the ................

a. US b. US and UK c. UK and US

5. Current account holders can receive:

a. a cheque book b. a debit card c. both a and b

6. When withdrawing by cash card, you:

a. eed to write a cheque

b. do not need to write a cheque

c. need to find an ATM and to write a cheque

d. need to find an ATM and do not need to write a cheque

7. A current account holder usually gets:

a. Interest b. no interest c. fee d. no fee

8. Banks usually pay no interest on current accounts because:

a. they can use the balance to lend out with interest

b. they can not use the balance to lend out with interest

c. they can use the balance to borrow money with interest

d. they can not use the balance to borrow money with interest
9. Agreed overdraft limit means:

a. The minimum amount a current account holder can over draw

b. The maximum amount a current account holder can over draw

c. The minimum amount a current account holder can overdraw, which is agreed

between the holder and the manager

d. The maximum amount a current account holder can overdraw, which is agreed

between the holder and the manager

10. A current account holder has to pay a monthly service charge when:

a. He withdraws money from his account

b. He withdraws money from another‟s account

c. He withdraws to leave the balance smaller than the minimum

d. He withdraws to leave the balance larger than the minimum

Find word/phrase in the text to fill in the blank.

1. :..................... ........................can reduce much paperwork and make

the payment simpler and faster.

2. Every morning our ATMs are....................... money to meet the customers‟

withdrawals.

3. When money is lent or borrowed,................... is always calculated.

4. The opposite of in theory is................... ....................

5. To avoid writing.................... ............, banks usually charge a fee.

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