XXIII. Choose the right answer:

1. "a current account" is:

   1. one which is available for the time being,

   2. one in which savings are held,

   3. one which is used all the time for day-to-day transac­tions.

2. "a canceled cheque" means:

1. worthless cheque,

2. slamped to indicate that payment has been made,

3. crossed cheque.

3. "a genuine signature" is:

1. a person's name written by himself,

2. a person's name written correctly,

3. legible signature,

4. "an outstanding cheque" means:

1. unpaid cheque,

2. written but not yet presented for payment,

3. overdue cheque.

5. "a deposit account" is:

1. one from which regular payments are made,

2. one in which savings are held,

3. one from which withdrawals can be made by cheque.

6. "rate of interest" is:

1. the percentage of each unit of money paid for its use,

2. rate of profitability,

3. portion of an investment on which Ihe inlcrcsl is calcu­lated.

7. "an overdraft" is:

1. an amount by which the balance in a current account exceeds the value of a cheque drawn from it,

2. an amount by which the value of a cheque exceeds the balance in the current account,

3. an excessive balance in a current account.

XXIV. Say what is true and what is false. Correct the sentences:

1. The teller has to learn to recognize all customers' signatures.

2. If you want to keep your investment fairly liquid, put it in a deposit account.

3. You cannot make withdrawals from your deposit account.

4. Interest is paid by the bank on both current accounts and deposit accounts.

5. Withdrawals are made from a deposit account by cheque or standing order.

6. Money is easily transferable from a current account to a deposit account.

7. The rate of interest on deposit accounts is fixed.

8. It is easier to gel money out of a deposit account than it is from a current account.

XXV. For each of the following phrases find the expression in the text or in the dialogue that explains it:

1. to record figures in a ledger

2. to compare one's own records with the bank's statement and make them agree

3. money paid for the use of someone's money

4. to increase in quantity

5. the date when a loan or investment is due

6. a specified period of time

7. to protect against loss or damage

8. at the rate of 5% each year

9. an instruction to a banker to make a payment at regular intervals

10. an instruction to a banker to make a single payment to a specified person

11. the amount on which the money paid for its use is calcu­lated

12. on my deposit account this payment for the use of my money builds up at the rate of 3%

13. another type of account into which my salary is paid ev­ery month

14. the amount which I have to pay the bank for the use of their services

15. the amount by which my current account holding is greater than nothing

16. my statement shows me that I owe the bank money