Answer Key

Banking essentials – Practice 2

Fill in the gaps with the appropriate word or phrase in the correct form.
  1. You make a  [deposit] when you put money into your bank account.
  2. I prefer to  [withdraw] money from my account using an ATM.
  3. “I had to stand in a queue for fifteen minutes just to  [cash] a five pound cheque.”
  4. People with valuables often keep them in a safety  [deposit] box in a bank.
  5. If you need to borrow money from the bank, you can take out a  [loan] .
  6. “Those chairs in the sale are great, but we've got no money this month.” Well, let's pay for them with a  [credit] card.
  7. Before travelling abroad, I always get some currency from the  [foreign] exchange department in the bank.
  8. We took an $80,000  [mortgage] from the building society to buy our house.
  9. If you need to make a regular monthly payment, you can set up a  [standing] order.
  10. The  [joint] account is in both our names so we can both get money out when we want.