Everyday Vocabulary Current and Deposit Accounts Test

Everyday Vocabulary: CURRENT AND DEPOSIT ACCOUNTS Test

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Congratulations - you have completed Everyday Vocabulary: CURRENT AND DEPOSIT ACCOUNTS Test. You scored %%SCORE%% out of %%TOTAL%%. Your performance has been rated as %%RATING%%

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Question 1

(Please note: The following questions are part of a cloze test. They are interrelated, meaning that the information provided in each question is connected to the others.)

CURRENT AND DEPOSIT ACCOUNTS

For regular everyday use, most people prefer a _____ account.

A	free
B	current
C	loan
D	withdraw

Question 1 Explanation:

A current account is the normal bank account for everyday use: you pay money in, take it out and pay bills whenever you like. Example: My salary goes into my current account.

Question 2

This normally earns no _____ but you are given a _____ book, which makes shopping and paying bills very easy.

A	interest
B	deposit
C	notice
D	dollar

Question 2 Explanation:

Interest is the extra money a bank pays you for keeping your money there. A current account usually pays no interest, but it is easy to use every day.

Question 3

This normally earns no _____ but you are given a _____ book, which makes shopping and paying bills very easy.

A	notice
B	note
C	cheque
D	withdraw

Question 3 Explanation:

A cheque book is a small book of cheques. You write on a cheque and sign it to pay someone from your account, which makes shopping and paying bills easy.

Question 4

A (an) _____ account earns interest but it’s not so easy to _____ your money.

A	interest
B	deposit
C	finance
D	current

Question 4 Explanation:

A deposit account is a savings account. It earns interest, but you can't take your money out as freely as from a current account. Not current, because the text has just said a current account earns no interest.

Question 5

A (an) _____ account earns interest but it’s not so easy to _____ your money.

A	pay
B	invest
C	cheque
D	withdraw

Question 5 Explanation:

To withdraw money means to take it out of your bank account. Example: I withdrew £50 from the cash machine. With a deposit account, this is not so easy.

Question 6

You sometimes have to give a week’s _____.

A	notice
B	current
C	work
D	money

Question 6 Explanation:

To give notice means to tell someone before you do something. With some deposit accounts, you must tell the bank a week before you take your money out: give a week's notice.

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