Banks and Banking : Other Bank Services ( J. A) g& p1 H. z
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A modern bank provides many services other than checking accounts. ____1____
" n4 r" M$ _& IIf you went to a bank to open a savings account, you would go through almost the same procedures followed in applying for a checking account. ____2____ Then you would be given a passbook in which your initial deposit would be recorded. All deposits and withdrawals from your account are entered into your passbook. ____3____ With a regular passbook savings account, you would be able to withdraw money wherever you needed it. All you would have to do is fill out a withdrawal order and present it, along with your passbook to the teller. . H8 ]+ I- Q: B: M6 t
All banks pay interest on savings accounts. ____4____ Banks also pay interest at different times. ____5____ Suppose, for example, that on January 1, you deposited $ 1,000 in a bank that paid 4 1/2 percent interest semiannually. By July 1,you would have earned $ 22.50 interest. This interest would automatically be credited to your account; and of you left it in the bank, along with your original deposit, you would receive interest on $ 1,022.50 for the next six-month period. That is, your interest would be compounded.
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: J( h4 U- s: m+ v" T9 vA. But the majority of them pay semiannually, that is, every six months. 2 c: Z( ~. j* Y# w% b/ o
B. The interest rate varies from bank to bank, but the general range is from 4 1/2 to 6 percent.
9 Z8 q% F* H- L+ i& mC. This means that passbook contains an actual record of all transactions made and that you know the exact amount of savings you have at any one time. : p' @, b# M4 z# O/ _# }# e! {: C& H
D. One of these is checking accounts.
3 _ b0 {$ S8 W1 Z1 }, M' w) hE. First you would be asked to fill out a signature card.
% r4 R ~4 {2 ]F. But most banks pay interest at the end of a year. ! z4 m& ^' K7 L6 C/ H; U' p Z+ r
G. One of the most important of these is regular passbook savings. . d3 p5 b( J7 ]% a! W" P# _
H. One can withdraw money whenever necessary.
: U' s% Z% X/ w答案:1.G;2. ;3. ;4. B;5. A |