QUESTIONS LESSON 1 - 5

Lesson 1
B. Answers the following questions orally.
1. What does a bank manager do?
All of bank manager work to supervise and organize all bank activity.
2. How many windows are open on Fridays?
Six windows.
3. Why do they need so many windows on Fridays?
Because many people get their paycheck on Fridays.
4. What are some of the ways in which customers cause delay?
They forget to endorse their check try to open or dose joint accounts with the signature of only one of the parties.
7. How do term-deposit accounts help a bank get new customers?
By offer certificates of deposit with very high interest rates.
8. Why does the bank manager want her staff to have the latest information on term-deposit accounts?
So that her can advise our depositors correctly.

C. Answer each of the following questions orally.
3. What does “insufficient funds” mean?
Checking accounts balance or depositors keep a minimum balance.

Lesson 3
1. Which part of the bank takes care of loans?
Loan department of bank.
2. What do you have to fill out if you want a loan?
Loan application.
3. How did Mr. Fanelli learn about loans?
Mr. Fanelli usually ask to John Barker to know if loans for buying cars.
4. What kind of loan is a commercial loan?
A commercial loan is principal that banks lend to business.
5. Will Mr. Fanelli make monthly payments?
Yes, he will.
6. What is the current rate of interest on car loans?
16%.
9. What did Mr. Fanelli and his wife use their charge card for?
To buy their furniture and buy airplane tickets.
10. Did Mr. Fanelli and his wife pay off their debts in the past?
Yes, he did.

Lesson 4
1. What kind of a loan does Susan Thomas want to get?
A mortgage.
2. Why hasn’t it been easy to get one?
It seems that two good risks like us wouldn’t have much difficultly in getting financing for a new home / because a lot variable-rate mortgages.
5. What is that changes in a variable-rate mortgage?
Variable-rate mortgages must greatly increase the possibly of the bank’s fore-closing.
6. How often does the bank adjust the interest rate on a variable-rate mortgage?
Variable-rate mortgage they can be adjusted every six months to changes in the interest rates banks.

Lesson 5
1. How would it help Lisa Edwards to have a savings account at the Bay Federal Bank?
If she has a savings account with them, they can use her savings as collateral. Passbook loans are ussualy easier to get. Depending on the information they got from her file at the credit bureau.
2. How will the bank find out about Ms. Edward’s repayment of debts in the past?
They investigate the applicant's character. They find out things such as her employment record. They also want to know how long she has lived at her present address.