Exercise 1. Using the words in brackets, explain the meaning of the following term:
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commercial bank (a wide range of services, offers, a financial institution)
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interest (paid, for the use of, the price or fee, money)
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deposit (in bank accounts, money, sums of)
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withdrawal (a bank account, money from, the removal of)
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demand deposit (to a checking account, is made, that, can be withdrawn, and, any time)
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time deposit (for withdrawals, a waiting period, may be required)
Exercise 2. Complete the following sentences:
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The interest earned on loans …
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Many transfers of checking account money …
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Unlike the savings account, …
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Banks are in special position of trust …
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Bank sells many …
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Banks also provides …
Task 3. Grammar
Exercise 1. Complete the sentences below with appropriate prepositions .
1 There was a sharp drop . . . . profit.
2 Profit decreased . €7.5m . . . . . €4.5m .
3 Profit decreased . . . . . . . . . . . . €3m.
4 Profit now stands . . . . . . . . . . . . €4.5m.
5 There was a drop .. €3m . . . . . . . . . . . profit.
Exercise 2. Underline the most suitable noun combination i n each group.
1 a) the meeting of today
2 a) a letter of credit
3 a) a business card
4 a) a data's base
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b) today's meeting
b) a credit's letter
b) a card of business
b) a base of data
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c) today meeting
c) a letter's credit
c) a businesses' card
c) a database
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