Banks and Banking : Other Bank Services
$ F( M( b) y$ |) `7 B. w A modern bank provides many services other than checking accounts. ____1____
! ^" ?1 l% S& cIf 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.) W2 J2 F8 J6 R" O) B6 I
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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A. But the majority of them pay semiannually, that is, every six months.
/ q) [0 I4 P4 S5 Z/ ] iB. The interest rate varies from bank to bank, but the general range is from 4 1/2 to 6 percent.
8 h( d6 z- b; ]! Q6 m0 G- hC. 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.
% ]) F9 j8 P" M2 BD. One of these is checking accounts.7 F @, i* e, p# h& O3 Q- Y+ j
E. First you would be asked to fill out a signature card.
) K9 o" n! `" D' o7 ?$ S( b2 IF. But most banks pay interest at the end of a year.
+ t/ s+ y0 j. K3 d% bG. One of the most important of these is regular passbook savings.) W0 L+ u/ H: o& j
H. One can withdraw money whenever necessary., i8 B) h, e0 [6 C% O L# r7 U
答案:答案:1.G;2. E;3. ;4. B;5. A |