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Banking services
One way of building your vocabulary is to ask yourself how many words you can write down about a certain subject. After you have made your list, and checked the spelling and pronunciation, you can add any new words you meet. Before you do this exercise, see how many words you can write down on the subject of banking. After you have done the exercise, add any new words to your list.
Fill each blank in the text with the correct word or phrase, choose from the following list, use each item once only.
| commission |
issued |
statement |
credit rating |
| debited |
outstanding |
withdraw |
credit transfer |
| in full |
salaries |
banker's draft |
financial institutions |
| interest |
slip |
cash dispenser |
standing order |
Many people now have a Banks offer many services to businesses and their customers. Here are some of the most common: card which enables them to 1. …….. money from a 2. …….. . You feed your card into the machine and key in your PIN (personal identification number) and the amount of money you want. If you have enough in your account, the money requested will be 3. ........ to you up to a daily limit. Your account is automatically 4. ........ for the amount you have drawn out. Provided you have a sound 5. …….. , you can get a credit card from a bank and other 6. ……..To obtain goods or services, you present your card and sign a special voucher. When it receives the voucher, the credit card company pays the trader (less a 7. ........) and then sends you a monthly 8. …….. Depending on the type of card you have, you will either have to pay 9. ......... or be able to pay part of what is owed and pay 10......... on the balance left 11. ……..
If you need to make fixed payments at regular intervals, e.g. for insurance premiums, you can arrange a 12. ........ (sometimes known as a banker's order) so that the bank will do this for you.
If you have several bills to pay, you can do this by 13. ........ .You write one cheque for the total sum involved, fill in a 14. ........ for each bill and hand everything to the bank cashier. The transfer system is also used by employers to pay 15. ........ directly into employees' bank accounts. If you are dealing with a supplier for the first time, a 16. ........may be used as payment. This is a cheque guaranteed by a bank and therefore it is not likely to 'bounce'.
Source: Build your business vocabulary by John Flower
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