Samarkand iktisodiyot va servis instituti

Lesson 28. THE RISE OF MARKETS IN PERSPECTIVE. BANK CHARGES.

Ilova 1 (28.1)
Bank charges

Choose the best explanation for each of the terms in italics from a, b or c.

1 unauthorized overdraft fee
a) a charge on an account if it goes into debit without an agreement from the bank
b) a charge on an account if it remains in credit after an overdraft agreement
has been made
c) money paid into the bank to stop the account going into debit

2 setting-up fee

a) a charge made for a new account
b) a charge when money is paid in or taken out from an account
c) a fixed charge when an overdraft agreement is made

3 base rates

a) the rate of interest charged to customers who borrow from the bank
b) a rate used to help decide the level of interest on loans from the bank. (The bank
usually sets the actual interest rate several points above the base rate.)
c) all charges made to an account in a year

4 margin

a) the percentage above the base rate that a borrower is asked to pay
b) the profit that a customer makes from having an account in credit and so earning
interest
c) the cost of borrowing

5 fixed rate lending

a) an agreement to lend money at a current rate of interest that could change if
base rates go up or down
b) lending money at an agreed interest rate for a fixed time
c) any agreement to lend money for a fixed period of time

6 unauthorized overdraft fee

a) a special low rate of interest charged to customers who are in difficulty
b) a higher rate of interest charged if an account is overdrawn above an agreed
maximum
c) a single penalty fee charged to an account if it is overdrawn above an agreed
maximum

7 commission

a) a percentage of a credit or debit which may be deducted by the bank
b) a request by a bank that more money should be paid into an account
с) a bonus paid by the bank to a customer if charges have been too high

8 handling charge

a) a special fee charged after a meeting with a customer
b) a fee charged by the bank in relation to a particular payment
c) a fee charged to an account for changing money from one currency to another