Vocabulary ExercisesList all the forms of money mentioned in Ihe passage and match them with the following definitions:
1. A bank's unqualified guarantee to pay a specified sum to a
specified individual or organization.
2. A negotiable instrument issued only by the Bank of En gland and signed by the -Chief Cashier of the Bank.
3. A written order to a bank to pay a slated amoun I of money.
4. A negotiable instrument issued by a bank in exchange for cash and readily usable in most parts of the world.
5. Token money largely used for small purchases and trans actions.
6. A written order to a bank to pay a staled amount of money
to a slated person or, after endorsement, lo Ihe bearer on or wilhin a staled lime after a given date.
II
Choose the right answer: 1. "We constantly handle coins and bills" means:
a) cash Ihem under most circumstances,
b) deal with them,
c) receive them. 2 "bills of every denomination" denote:
a) bank notes of different values,
b) bank notes of various sizes,
c) other means of exchange. ^ 3. "Legal tender" is: •• u
a) a type of paper currency, •'
b) a requirement to accept in settlemenl of a debt,
c) money guaranleed by a government.
;. "both cheques and Iravcllcr's cheques are readily accepted" means:
a) able to be given lo anolhcr parly,
b) certified by the bank thai funds arc available,
c) endorsed by an officer of Ihc bank.
5. "Ihe cheque will be honoured" means:
a) lhal il will be readily accepted by creditors,
b) lhal it will be treated with respect,
c) lhal Ihe bank will be ready lo cash il.
6. "a bearer" is:
a) a person who is named as payee on Ihe exchange docu ment,
b) an officer of the bank who endorses the cheque,
c) the person offering Ihc exchange documenI and'demand ing payment.
Ill
Say what is true and what is false. Correct the false sentences:
1. Coins and bills of every denomination are called legal ten-
der.
2. Cheques are rarely accepted in lieu of currency.
3. To cash a Iravcller's cheque Ihe bearer need only present proper identification.
4. Bills of Exchange are not legal lender.
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5. A cheque is always guaranteed by a bank.
6. Certified cheques are always guaranteed by a bank.
IV
Using suffixes -cation, -cate, -ment, -ion, -ance, -ature,
etc., give nouns which are related to the following verbs:
accept prefer
certify present
circulate regulate
denominate settle
endorse signify
invest sign
identify stale
pay transact
V
Using prefaces dis-, Ď-, in-, ir-, un-, non-,etc., give nega tives which are related to the following: accepted maturity
common negotiable
certified necessary
honoured regular
legal significant
VI
Combine the words listed below into meaningful two or three word expressions as possible:
account
bank
bill
circulation
cashier
deposit
| proper
profit
regular
reserve
shareholders
surplus
| honoured
investment
identification
legal
money
maturity
transaction traveller work undistributed
| nation note
participation payment
| discount endorsing earnings fellow
VII
For each of the following phrases find another one in the. text thai explains it:
1. ivioncy issued by the central bank of a country.
2. A piece of currency made of metal.
3. Unit of the bank note's value.
4. A document in settlement of a large debt guaranteed by the bank.
5. A document which establishes the identity of a person set tling by cheque.
H. Cashing in a Bill of Exchange before it is due for payment. 7. The bank's readiness to accept a cheque for payment.
VIII
Fill in the blanks with proper words or phrases: bank notes honoured
bearer identification
coins issued
currency traveller's cheques
1. While travelling I do nol like to carry large amounts of
2. 1 prefer to have... which arc immediately negotiable.
3. Traveller's cheques are ..... in different denominations.
4. To cash the traveller's cheque the should present proper
identification.
5. However, there are merchants who will not accept traveller's cheques even though you present proper...
6. 1 collect...... of every denomination.
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Active Vocabulary
active account accrue (v) balance (v)
cancel a cheque (v) --.
compound interest
credit (v)
debit (v)
deposit
fund
genuine
insurance
insure against (v)
interest on bank credits
joint account
ledger
liquid
maturity
notice
outstanding
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IX
Write sentences of your own:
1. to sign a cheque
2. to accept a cheque
3. to cash a cheque
4. to make payment by cheque
5. to certify a cheque
6. to endorse a cheque
7. to make out a cheque
8. to accept liability for
9. to present your identification document
10. to settle business accounts
Unit Three
Date: 2015-12-24; view: 1920
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