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M 4 TH

M 4 TH. SAVINGS ACCOUNTS. VOCABULARY PRACTICE Select the answer that correctly completes each sentence. 1. An account that two or more people hold is a _______________ a. Joint account b . term deposit account c. savings accounts

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M 4 TH

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  1. M 4TH SAVINGS ACCOUNTS

  2. VOCABULARY PRACTICESelect the answer that correctly completes each sentence 1. An account that two or more people hold is a _______________ a. Joint account b. term deposit account c. savings accounts 2. In order to withdraw money the bank requires your__________ a. Depositor b. interest c. signature 3. The bank records all transactions of an account in the customer’s a. Withdrawal slip b. assets c. passbook 4. Many banks work with so many different customers and accounts that they need ___________ to record all transactions a. Deposit slips b. computers c. parties 5. You have to __________ your check in order to cash it a. Withdraw b. endorse c. accommodate

  3. COMPREHENSION CHECKA. State whether each sentence is true or false based on the reading 1. Jane Curson’s bank closes at 3:00 PM on Fridays. 2. Fridays are very busy days at Jane Curson’s bank. 3. Ms. Curson has an information program for the customers. 4. Computers and term deposit accounts have brought changes to banks. 5. Jane Curson’s bank has more liabilities that assets.

  4. B. Answer the following questions orally. 1. What does a bank manager do? 2. How many windows are open on Fridays? 3. Why do they need so many windows on Fridays? 4. What are some of the ways in which customers cause delays? 5. What does a depositor have to do to open or close a joint account?

  5. 6. Why are computers important to a bank? 7. How do term deposit accounts help a bank get new customers? 8. Why does the bank manager want her staff to have the latest information on term deposit accounts? 9. How much money does Jane Curson’s bank have in assets? 10. Why is Ms. Curson hopeful about the future of her bank?

  6. C. Building your vocabulary Matching. Find the words in the right hand column that match the words closest in meaning in the left hand column. 1. Percentagea. savings 2. Customer of a bank b. joint account 3. Person’s written name c. rate 4. Money owed d. slip 5. Two party account e. delay 6. Director f. account 7. Piece of paper g. manager 8. Money in the bank h. depositor 9. Record account i. signature 10. Lateness j. liabilities

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