Bank and Banking System

Question 1

abbreviation of Automated Teller Machine: a machine, usually in a wall outside a bank, from which you can take money out of your bank account using a special card

Answer 1

ATM

Question 2

the amount of money in a bank account

Answer 2

bank balance

Question 3

sums of money paid by a customer for a bank’s services

Answer 3

bank charges

Question 4

a printed record of the money put into and removed from a bank account

Answer 4

bank statement

Question 5

when a check cannot be paid or accepted by a bank because of a lack of money in the account:

Answer 5

bounce

Question 6

(noun) money in the form of notes and coins, rather than checks or credit cards:

Answer 6

cash

Question 7

a printed form, used instead of money, to make payments from your bank account

Answer 7

check (US) / cheque (UK)

Question 8

money, which is owed to someone else, or the state of owing something

Answer 8

debt

Question 9

when you spend or use money

Answer 9

expense

Question 10

a sum of money which is borrowed, often from a bank, and has to be paid back, usually together with an additional amount of money that you have to pay as a charge for borrowing

Answer 10

loan

Question 11

(an amount of) money paid to the government, which is based on your income or of the cost of goods or services you have bought:

Answer 11

tax

Question 12

a piece of paper that you buy from a bank or a travel company and that you can use as money or exchange for the local money of the country you visit

Answer 12

traveler’s check

Question 13

to take money out of a bank account

Answer 13

withdraw

Question 14

a piece of paper that you buy from a bank or a travel company and that you can use as money or exchange for the local money of the country you visit

Answer 14

traveler’s check

Question 15

(verb) to exchange a check for cash

Answer 15

cash a check/cheque