XXXI. Read the dialogue.Answer the questions which follow it. Reproduce the dialogue in pairs.

Cashier.	Now this is the checking account ledger. Each page is a record of a customer's deposits and withdrawals.
Student.	And you give a copy of this to the customer.
C.:	That's right. That's his statement, which he receives with all his cancelled checks. Then he reconciles it with his own records.
S.:	This one is a joint account, isn’t it? And pretty active.
C.:	Yes, it is.
S.:	What's this debit?
C.:	That's our service charge.
S.:	I notice an overdraft here in April.
C.:	I'm afraid we've had lo remind this customer am his wife several times that they must keep a sufficient balance to cover all outstanding checks.
S.:	Will I have to learn to recognize all our customers signatures.
C.:	Yes, you will. Any check we cash must have a genu­ine signature. But we keep a file of them that you can refer to.
S..	Will I be doing any posting of this ledger?
c.:	No, I'm afraid. Not till you are employed in our bank.
S.:	Well, suppose one has some funds on hand, I'm wondering whether he ought to put them in a sa­vings account.
C.:	It's a good idea, if he wants to keep his investment fairly liquid. And he might also think of a time de­posit.
S.:	What's the difference?
C.:	Well, first of all, his lime deposit is for a specified term, but he can make withdrawals from his sa­vings account at any time, although as much as thirty days' notice of withdrawal may be required.
S.:	Do they draw the same rate of interest?
c.:	The bank pays the maximum 4% per annum at ma­turity on a one year time certificate. Interest on a savings account accrues at the rate of 3%.
S.:	How do you figure the interest on a savings account?
c.:	It's compounded and credited to the account semi-annually.
S.:	You mean added to the principal?
c.:	Yes. And we issue each customer a passbook on his savings account in which each deposit and with­drawal is entered.
S.:	Is either type of account transferable?
c.:	Only time certificates.
S.:	Are these deposits insured?
c.:	Yes. We're a member of the Federal Deposit Insur­ance Corporation.

1. What is a checking account ledger?

2. Why does the bank send a copy of the statement with all checks cancelled to every customer?

3. Are service charges debited or credited to an account?

4. What happens when a cashier notices an overdraft on somebody’s account?

5. What does a teller have to do before he cashes a check?

6. What advice would you offer to a customer who has some funds on hand?

7. Why is it profitable to deposit your funds for a specified term?

8. How is the interest on a savings account figured?

9. Which type of account is transferable?

10. How are customer’s deposits protected?

Express your views in a written form:

1. What is the difference between a current account and a deposit account?

2. Which form should you use to withdraw money from a deposit account?

3. Which form should you use to pay money in?

4. How much notice should you give before you withdraw money?

5. What is a good form of investment for the short-term saver?

6. How can you move money from a current account to a deposit account?

7. What rate of interest do you get with a Special Savings Account?

8. What form would you prefer if you go abroad?

9. Have you opened an account already? What form have you chosen? Why?

10. Do Ukrainian Banks offer different forms of account?

Study the information given below. It may be helpful to you.

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