Banking Fundamentals: Key Concepts and Operations, Exercises of English Language

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1. In Britain, we had institutions that lent to people who wanted to borrow to

buy houses.

2. We evaluate the current situation and the future situation of the customer.

3. The company must be able to repay the loan from the operating cash flow.

4. We have a special calculation system in which we calculate the margin.

5. We gave the companies financial advice, maybe arranging mergers,

issuing shares or bonds for their corporate customers.

6. The aim of monetary policy is to keep inflation low and stable.

7. When interest rates rise, individuals will tend to save more and consume

less.

8. The drawer is the party that issues a bill of exchange, and the payee is the

party to whom the bill is payable to.

9. The aim of the external audit is to ensure that published financial

statements give a true and fair view of the company’s profit, and of its

assets and liabilities.

10. Overhead costs depend on the situation of the bank.

21 If government expenditure is higher than government income, the result is a budget deficit. 22 One of the results of this investment of the banks is that most account holders now use different kinds of plastic cards. 23 Many stores, garages and restaurants display a symbol to show the credit cards can be used instead of cheques. 24 The exchange rate can vary from day to day and bank to bank. 25 There are various methods for transferring funds internationally, which one you choose will depend on how much you want to send and how urgently it is needed. 26An automated teller machine (ATM) is an electronic computerized telecommunications device that allows bank's customers to access their bank accounts, make cash withdrawals and check their account balances. 27 On 1 January 2002, euro banknotes and coins entered circulation across twelve European Union countries. 28 In the United Kingdom, a Direct debit is an instruction from a customer to their bank authorizing them to collect varying amounts from their account. 29 Like a credit card, a debit card is used as an alternative to cash when making purchases. 30 Some customers avoid online banking as they perceive it as being too vulnerable to fraud.

31. As you master your savings account, you’ll use other accounts for specific financial needs.
32. Opening a savings account should take less than an hour (sometimes just a few minutes), and it’ll serve you for many years to come.
33. A traveler usually has several options when considering how to exchange foreign currency.
34. Banks are also a good place to exchange foreign currency. Most towns have a small bank and in general the exchange fees are fair, even if they do levy a service charge.
35. Banks are careful to invest money from savings accounts in relatively risk-free, short-term projects.
36. Savings accounts are for people who want to keep their money in a safe place and earn interest at the same time.
37. A commercial bank accepts deposits to personal and corporate accounts, and then uses the deposits to finance loans for individuals and businesses.
38. The following contains important information about your new Alberta Bank ATM/ Debit card.
39. There are a variety of ways in which stock market movements impact on our lives.
40. Your job can also depend on the markets as companies use their valuation and the issue of new shares to raise capital to expand.