XII. Match the following words and phrases as they occur in the text:

1. letters

2. short-term

3. to accept

4. trust

5. long-term

6. sale

7. depository

8. entrust money

9. to meet

10. development

11. to mange business

a. loans

b. of credit

c. checking deposits

d. of large issues of stocks

e. of funds

f. credit instruments

g. company

h. withdrawals

i. of banks

j. to goldsmith

k. in the interests of others

XIII. Match the words with their meanings:

a statement

b. bank draft

c. loan

d. internet banking

e. clearance

f. commercial bank

g. standing order

h. payee

i. overdraft

j. bank charges

k. base rate

I. savings bank

1. The person to whom a cheques is written.

2. Money provided by a bank to a customer, for an agreed purpose.

3. A bank which offers a full range of services to indi­viduals and companies.

4. A type of bank with a strong local or regional iden­tity, mainly used by small, private investors, who get interest on their deposits.

5. An instruction from one bank to another bank asking it to make a payment to a supplier.

6. An agreement that an account can remain in debit up to a certain amount for an agreed time period.

7. The time taken from when a cheques is presented to a bank to when the receiving account is credited.

8. Fees charged by a bank for services provided.

9. An instruction from a customer to a bank to make a regular payment to a creditor. Instructions to alert the dates or the payments must come from the customer.

10. A computer printout sent by a bank to a customer, showing recent activity on his/her account.

11. The lowest level of interest that a bank charges for lending money.

12. Conducting banking services from a computer us­ing the bank's website.

XIV. Text c At the Bank

Cashier: Good afternoon, sir.

Man: I'd like to open an account, please.

C: Certainly, sir. Do you live in Geneva?

M.: Yes, I'm at the Interpreters’ School.

C: Are you a student?

M.: Yes.

C: What sort of account would you like?

M.: A current account, I think.

C: Have you got any large sums to deposit?

M.: No, only a thousand francs or so a month.

C: Well, we can open a current account with a cheques book for you as long as the initial sum is at least three thousand francs. But I'd advise you in your case to take an account that gives you more interest, and which is more practical. We normally advise students to open adeposit account.

M.: Can I take out money whenever I like?

C: Yes. There are two or three types of an account. They permit you to withdraw up to ten thousand francs a month.

M.: Can I receive money directly from abroad?

C: Certainly.

M.: And can I withdraw at a branch office?

C: Certainly, though it may be more convenient to open your account in our branch near the University.

M.: No, I live quite near here. Do you need a passport?

C: Yes.

M.: I'm afraid I haven't got it on me. Will my student card do?

C: No, I'm afraid not.

M.: I'll come back later, then.

C: Very good, sir.