Banks make their profits from the difference between the interest rate charged to borrowers and that paid to depositors, also known as …..:

A foreign bank issues an undertaking to the exporter ( through a bank in the exporter’s country) to pay for the goods as long as the exporter complies with the terms and conditions of the contract. This is a much safer form of payment for the exporter. To be even safer, the exporter can arrange for the bank in his/her country to act as “ confirming bank”, which means that the bank in the exporter’s country is responsible for the transaction:

The remaining amount of money in an account:

You are never too young to start----------some money in a savings account:

A small book that records a depositor’s deposits, withdrawals and interest payments by the bank:

An economy that lacks a commonly accepted currency, so all exchanges must be made with goods and services because money does not exist in these economies:

Money in the form of bank notes and coins:

A type of deposit account which pays a favorable rate of interest:

The bank will simply not let you………….any money unless you can prove that you have been in regular employment for at least 3 years:

A statement sent regularly to customers – showing debits, credits and the balance of the account:

If ever you find you have an unexpected expense, you can always………..some money from your current account:

To put money into the bank:

Units of equity of companies which may be bought and sold on the stock exchange and may rise and fall in value:

A check for salary given by an employer to someone who works for him /her:

Money paid by the government or a company to a retired person is a …………….:

The exporter does not dispatch the goods until payment has been received from the importer. There is no risk for the exporter – all the risk is taken by the importer:

 ………are people who put money into a business in the hope of making a profit:

Banking services offered to large companies:

All the money received by a person or a company is known as …………….:

How easily a company can turn some of its assets into cash:

The money needed to start a company is called……………………………….: