ORGANIZACIÓN Y SISTEMAS ENGLISH

REPÚBLICA BOLIVARIANA DE VENEZUELA

MINISTERIO DEL PODER POPULAR PARA EDUCACIÓN UNIVERSITARIA, CIENCIA Y TECNOLOGÍA

INSTITUTO UNIVERSITARIO DE ADMINISTRACIÓN Y GERENCIA

ORGANIZACIÓN Y SISTEMAS

NV02

ENGLISH V[pic 1]

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PROFESORA:

BELÉN PALOMANES

LIZAIDY HERNÁNDEZ

V-24.223.365

CARACAS, FEBRERO 2016

I. READ THIS TEXT. FILL IN THE BLANKETS. ONLY USE A WORD FOR EACH CASE.

In a bank, you usually have two types of accounts: a current account and a savings account. The current account is where you receive your salary and then you withdraw money for your every day expenses from a cash dispenser. Your bills are also paid out of this account by direct debit. You should avoid having an overdraft on this account. If your account is overdrawn or in the red, you will probably have to pay interest. The bank normally informs you of the situation of your account via a bank statement. Your savings account is where you deposit the extra money that you have.

For big purchases, like a flat or a car, you will need to get a bank loan. It means that you borrow money from the bank which you will have to pay back, normally via an outstanding order (a fixed amount of money every month). The loan you get to buy a house is called a mortgage. When the bank lends you money, you will have to pay interest.

Every year you have to pay tax. Income tax is the tax collected on salaries. If you have paid too much tax, the government will give you some money back. This money is called a tax rebate. The government also gives you money when you are unemployed. This is called unemployment benefit. When you receive it, we say that you are drawing unemployment benefit or that you are on the dole (in informal English). When you can't work because you are old, you draw a pension.

1. The mortgage is paid by standing order from your current account.

2. You normally can't withdraw money from your savings account.

3. When the bank lends you some money, you will have to pay it back.

4. I can't afford to buy a new car because I've just lost my job and I'm on the dole.

5. I paid too much tax last year so I should get a tax rebate.

6. My account is usually in the red at the end of the month.

7. I need to withdraw some money. Is there a cash dispenser nearby?

8. The bank has just sent me my bank statement and my account is overdrawn. I need to transfer some cash as soon as possible.

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