Banks and Banking : Other Bank Services A modern bank provides many services other than checking accounts. ____1____
" K8 }/ F p0 F* C: E" ?0 g0 p/ e" L If 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.# m/ s# `. z! d
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.. i2 t, r; A2 W! w, W
A. But the majority of them pay semiannually, that is, every six months.
9 p! P# e/ j# }* U: f/ s B. The interest rate varies from bank to bank, but the general range is from 4 1/2 to 6 percent.
. y" Z- v( G0 e1 W$ S3 w C. 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.: V* ], q+ |1 [/ U$ d0 G
D. One of these is checking accounts.
% q5 i/ D8 L5 Z E. First you would be asked to fill out a signature card.
R9 }% R0 ~+ r# m F. But most banks pay interest at the end of a year.
2 x/ u( x$ J0 h$ v G. One of the most important of these is regular passbook savings.
, u, S# G: \3 F. ~ H. One can withdraw money whenever necessary.( W+ A6 m d2 Y- U- J
答案:1.G;2. E;3. ;4. B;5. A |