ANG2 commercial�nking

Commercial Banking

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Complete the text using these words:

accoun-ts	-berrlrtaan j	cheque	customers’
current-account _	<-deM	depositors	depostts—
lend	li^bilities	!iquidity	optimize
overdraft		spread	standing ©fders
return	transfef	wages	withdraw

Commercial banks are businesses chat trade in money. They receive and hołd (1) .    , pay

money accorJing ro (2)    instruccions, (3) .'Uf*/*----money, etc.. _

There are stil! many people in Britain who do not have bank (4)    .f . Tradinonallv,

factory workers were paid (5).    .. in cash on Fridays. Non-manuai workers, however. usually

receive a monthly (6)    ... in the form of a cheque or a (7) .1^.    paid directlv into

cheir bank account.

A (S)    . (UŚ: checking account) usually pays lictle or no interest, but allows che holder

ro (9) i_v(:. A. Ą. W his or her cash wich no rescrictions. Deposit accounts (in che US also called ume or nouce accouncs) pay interest. They do not usually proviae (10).'.. .'-AV> A • (US: check) faciltties. and notice is often reauired to wichdraw money. (11). - A • • -⁴.¹.... and direct debits are ways ot paving regular hi lis at regular intervals.

Banks offer both loans and overdrafts. A (12)...........is a fixed sum of money, lenc tor a

fixed period, on which interest is paid: banks usually repuire some form of security or guarancee berore