Basic ecomonic terminology. Искренко Э.В - 17 стр.

      3. A written promise by a bank, issued on behalf of a buyer, to
pay a designated firm a certain amount of money if specified conditions
are met.
      4. A loan that is approved before the money is actually needed.
      5. The use of computer technology to transfer funds into, out
of, within, and among financial institutions.
Çàäàíèå ¹ 4. Çàïîëíèòå ïðîïóñêè â òåêñòå ñîîòâåòñòâóþùè-
ìè òåðìèíàìè:

      checks           account            borrower
      bank             deposit            loan

     An increase in deposits may arise in two ways. When a _____
makes a _____, it may transfer the sum to a current _____, thus
directly creating a new _____; or it may arrange a line of credit for
the _____ upon which he will be permitted to draw _____, which,
when deposited by third parties, likewise create new deposits.




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