Read the text and decide if the statement below the text is True, False or Not stated. A bank is, at its most basic, a place where money changes hands. As customers, banks have individuals, families, businesses and even governments. Banks offer a wide variety of services. Banks give and take money from people and from businesses. Most people and most businesses have at least one bank account. The most common kinds of bank accounts for both individuals and firms are savings and checking. A checking account is used by people and businesses primarily to pay bills. Individuals get their salaries into the checking account and pay taxes, rent and make purchases using the account. Businesses pay their employees by transferring money from their accounts to the individual accounts of the staff; they also pay taxes and rent from this account. They get money from their customers and pay their suppliers through this account. A savings account allows customers to deposit money into the account and leave it there until the money is needed again. Banks usually offer interest on savings accounts. Interest is a percentage of the sum of the account and is an incentive for customers to deposit their money in the bank instead of keeping it in a shoebox under the bed. A special kind of savings accounts results in the customer getting a certificate of deposit. The customer deposits a certain amount of money and agrees to withdraw it for a certain period (like 6 months or a year). The bank, in turn, agrees to pay a certain amount of interest at the end of that time. Interest rates on certificates of deposit (or CDs, as they are more commonly known) are usually higher than on regular savings accounts. When the period has passed, the customer is free to take the money back, with interest included. Banks also lend money both to individuals and to businesses. A borrower has to pay interest on the loan. This is how banks earn money. Among other financial services are money transfers, issuing credit cards and providing ATMs so that people can get cash. Banks are also responsible for credit card processing. That is when you buy something and pay with your credit card, the bank will transfer the required sum from your account to the seller’s account. Other areas where banks play an important role are currency exchange and international trade, that is import and export transactions. A checking account is used by people and businesses for current expences. True False Not stated

Задание

Read the text and decide if the statement below the text is True, False or Not stated.

A bank is, at its most basic, a place where money changes hands. As customers, banks have individuals, families, businesses and even governments. Banks offer a wide variety of services.
Banks give and take money from people and from businesses. Most people and most businesses have at least one bank account. The most common kinds of bank accounts for both individuals and firms are savings and checking.
A checking account is used by people and businesses primarily to pay bills. Individuals get their salaries into the checking account and pay taxes, rent and make purchases using the account. Businesses pay their employees by transferring money from their accounts to the individual accounts of the staff; they also pay taxes and rent from this account. They get money from their customers and pay their suppliers through this account.
A savings account allows customers to deposit money into the account and leave it there until the money is needed again. Banks usually offer interest on savings accounts. Interest is a percentage of the sum of the account and is an incentive for customers to deposit their money in the bank instead of keeping it in a shoebox under the bed.
A special kind of savings accounts results in the customer getting a certificate of deposit. The customer deposits a certain amount of money and agrees to withdraw it for a certain period \(like 6 months or a year\). The bank, in turn, agrees to pay a certain amount of interest at the end of that time. Interest rates on certificates of deposit \(or CDs, as they are more commonly known\) are usually higher than on regular savings accounts. When the period has passed, the customer is free to take the money back, with interest included.
Banks also lend money both to individuals and to businesses. A borrower has to pay interest on the loan. This is how banks earn money.
Among other financial services are money transfers, issuing credit cards and providing ATMs so that people can get cash. Banks are also responsible for credit card processing. That is when you buy something and pay with your credit card, the bank will transfer the required sum from your account to the seller’s account.
Other areas where banks play an important role are currency exchange and international trade, that is import and export transactions.

A checking account is used by people and businesses for current expences.

True
False
Not stated

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