BANKING - INTRODUCTION

   TASK Give the terms defined by the following:

   0. _____________ = money that an organization such as a bank lends and sb borrows.

   1. ________________ =  the cost of borrowing money, usually expressed as a percentage of the
   amount borrowed

   2. ________________ = the price at which one currency can be bought with another.

   3. _______________ = an amount of money that is paid into a bank or savings account.

   4. ___________________ = the act of taking an amount of money out of your bank account, a
   pension plan, etc.; the amount of money that you take out

   5. ___________________ = to take more money out of your bank account than is in it:

    We ___________________ our account by €100 000.

   6. ________________ = the amount of money that you owe to a bank when you have spent more
   money than is in your bank account; an arrangement that allows you to do this:

    We have a €20 million ______________ with the National Bank.

   7.  ________________ =  a bank account that receives interest on the money put into it

   8. __________________ = a bank account that you use to receive payments and pay bills, for
   example by cheque

   9. _______________ = an instruction that you give to a bank to pay sb a fixed amount of money
   from your account on the same day each week, month, etc:

    to set up a__________________;  to pay by __________________

   10. __________________ = an instruction that you give to a bank to pay sb an amount of money
   from your account

   11. ___________________ = the official bank of a country, which is responsible for setting
   interest rates, controlling the money supply, producing bank notes and keeping the country´s
   supply of foreign currency and gold.

   

   12. ___________________ = the way a central bank controls the amount of money in the economy
   at a particular time, for example by changing interest rates.

   

   13. _______________ =  to buy shares, property, goods, etc. hoping to make a profit when you
   sell them, but with the risk of losing money:

    Many small investors lost money __________________ on the stock market.  He made thousands
   (of dollars) ___________________ in property.  Individuals can _________________ short-term
   price movements.