lesson 1_lesson 4

v  Lesson 1

1.     . What does a bank manager do?
Make decision to manage an enterprise

2.     How many windows are open on Friday?
Six windows.

3.     Why do they need so many windows on Friday?
Many people get their paychecks on Friday and they come in to deposit them.

4.     What are some of the ways in which customers cause delays?
Many customers still forget to endorse their checks or try to open or close joint account with the signature in only one of the parties.

5.     What does a depositor have to do to open or close a joint account?
Step 1. Choose the bank you wish to use. It can be either the bank that you or your partner uses now or another one.
Step 2. Decide what type of joint account you need. Joint tenants with rights of survivorship is the most common of joint account. This type of account will pass all of the assets in the account to the surviving tenant if one of you dies. Tenant in common accounts decree that if one of you dies, half of the account assets revert to the decedent's estate. Tenancy by the entirety accounts require that both of you sign or approve any transactions in the account.
Step 3. Open a joint trust account if you want to include special provisions on the account. This will require drawing up a trust that names both you and your partner as co-trustees. You can do this with many different types of trust accounts serving any number of objectives.
Step 4. Consider the nature of your relationship with your partner when choosing the type of joint account to open. If you are married, then a JTWROS account is probably appropriate; if you have a domestic partner or business relationship, then tenancy in common may be a better fit.
Step 5. Fill out the account application, either online or at the bank (usually the latter). You may have the option of listing alternate beneficiaries if something happens to both of you. Be sure to mark the appropriate type of tenancy on the application. You will each have to supply at least one form of picture ID and sign signature card.

6.     Why the computers important to a bank?
As computers improve, they are able to accomplish more difficult tasks and they help us serve our costumers better.

7.     How do term-deposit accounts help a bank got new costumers?
The bank must give to reward prize to costumers and also the bank must give insurance.

8.     Why does the bank manger want her staff to have the latest information on term-deposit accounts?
That they can advise our depositors correctly.

9.     How much money does Jane Carson’s bank have in assets?
The total of our current assets and fixed assets comes to 15.550.000 dollars.

10.  Why is Mrs. Carson hopeful about the future of her bank?
Because the number of customers we serve has increased this year and I expect that it will continue to grow in the future.

v  Lesson 2

1.     Why do checking account holders have to pay a service charge?
Because the holders have to pay a service charge for the bookkeeping involved in administering the account.

2.      What information appears on a monthly statement?
The information on a monthly statement are all the checks that the bank paid and all deposits that the account holder made during the month.

3.     What does "insufficient funds" mean?
It's mean that checking account balance that is too small to cover a check that the account holder has written.

4.     4. How can N.O.W. account holders avoid paying a service charge?
Account holders can avoid paying a service charge by keeping a minimum balance in their account.

5.     In what ways has the difference between saving banks and commercial banks gotten smaller in the U.S.?
In pay interest like savings account.

v  Lesson 3

1.     Which part of the bank takes care of loans?
The part of the bank which takes care of loans in loan departement.

2.     What do you have to fill out if you want a loan?
If i want a loan i have to fill out loan application.

3.     How did Mr. Fanelli learn about loans?
Mr. Fanelli learned about loans by asking Mr. Baker who is a loan officer.

4.     What kind of loan is a commercial loan?
A commercial loan is a loan for bussinesses.

5.     Will Mr. Fanelli make monthly payments?
Yes, he will make monthly payments.

6.     What is the current rate of interest on car loans?
The current rate of interest on car loans is 16%.

7.     How does Mr. Fanelli's new car serve as collateral for the loan?
Mr. Fanelli's new car serve as collateral for loans if he default then the bank will take possession of the car.

8.     How does the bank decide whether or not to give Mr. Fanelli a loan to buy a new car?
The bank decides whether or not give Mr. Fanelli a loan to buy a new car by checking his credit file before.

9.     What did Mr. Fanelli and his wife use their charge card for?
Mr. fanelli and his wife used their charge card for buying furniture and tickets for holiday.

10.   Did Mr. Fanelli and his wife pay off their debits in the past?
Yes, he did.

v  Lesson 4

1.     What kind of a loan does Susan Thomas want to get ?
A mortgage loan

2.     Why hasn't it been easy to get one ?
Because there are some problem with the bank such as interest rate rising and money become very tight lately.

3.     Why don't banks want to offer fixed rate mortgages anymore ?
Because the supply of mortgage money become very tight lately,with interest rates rising.

4.      How long is the usual life of a mortgage ?
30 years.

5.     What is it that changes in a variable rate mortgage ?
The interest rates banks pay on deposits.

6.      How often does the bank adjust the interest rate on a variable rate mortgage ?
every six months.

7.     Why does Mrs.Thomas find variable rate mortgage upsetting ?
Because variable rate mortgages must greatly increase the possibility of the bank's fore closing.

8.     What is the guaranteed rate period ?
Guaranteed rate period of six months to five years.

9.     How much does the bank require as a down payment ?
Between 10 and 20% of the purchase price.

10.   How long does it take for the yorktown Bank approve an application for a mortgage loan ?
a week or ten days.

v  Vocabulary Of Accounting

- to fill out _mengisi atau menulis informasi yang dibutuhkan.
- to sign _menandatangani atau menulis sebuah nama.
- rate _jumlah presentase.
- computer _mesin elektronik yang memiliki memori & operasi matematika yang sulit.
- to accomodate _mengurus sesuatu / mengakomodasi.
- assets _semua kepunyaan perusahaan / bank yang memiliki nilai.
- liabilities _hutang perusahaan / bank.
- to owe _berhutang
- solvent _ mampu untuk membayar semua hutang - hutang.
- balance sheet _neraca atau pernyataan akan aktiva & kewajiban perusahaan.
- joint account _rekening bersama.
- term - deposit account _masa rekening deposito.
- saving accounts _rekening penyimpanan.
- depositor _penabung, penyimpan, penyetor.
- interest _ketertarikan.
- signature _tanda tangan.
- withdrawal slip _tanda bukti pengambilan uang.
- assets _aktiva.
- passbook _buku surat.
- deposit slip _tanda bukti penyimpanan.
- withdraw _penarikan.
- endorse _mengabsahkan.
- customers _pelanggan.