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Answers
For reference, see the
Easier English Dictionary for Students
(978 0 7475 6624 3)
3.
A
current account
is a bank account from which you can take money at any time. A
deposit account
is a bank
account which pays you interest if you leave money in it for some time (we can also use the expression
savings
account or notice account).
4.
A
loan
is money which you borrow to buy something. A
mortgage
is a special kind of loan used to buy a house
over a period of time.
5.
To
deposit
money is to put money into a bank account. To
withdraw
money is to take money out of a bank
account (
deposit
can be a noun or a verb. The noun form of
withdraw
is
withdrawal).
6.
A
wage
and a
salary
are money you receive for doing a job, but a wage is usually paid daily or weekly and a
salary is usually paid monthly.
7.
If you are
broke,
you have no money. It is an informal expression. If you are
bankrupt,
you are not able to pay
back money you have borrowed. It is a very serious financial situation for somebody to be in.
8.
In the UK,
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