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Task 1: Banking Quiz

enero 6, 2011

Banking and Finance Quiz

The first task of the course consisted of a test of financial vocabulary. Below is the task and the solution and a brief explanation of my mistakes

________________________________________
1. Here is a small …… . You’ll get the rest of the money after the job is finished.
a) benefit
b) advance

c) preview

Solution: The correct answer is b (advance), it is clear that we are talking about an advance received before the end of a job.

2. “Here’s a ten-pound …… “. “Your change, Sir”.
a) invoice
b) bill
c) note

Solution: In the second question, I chose the second option (bill) but the correct option is Note. Bill is only for dollars bill and invoice is a ticket

3. “What is the ……… in Poland”. “It’s the Polish Zloty”.
a) money
b) currency
c) greenback

Solution: The third question the right choice is b, because between money and currency the most appropriate is currency that it referring to the type of coin.

4.
He doesn’t have any money problems. He is fully …… .
a) wealthy
b) solvent
c) thrifty

Solution: Rich, is when you have big money saver when not spend and solvent when you doesn’t have any money problems

5.
If you work longer than your usual working day you should be paid ……
a) outgoing
b) overdue
c) overtime

Solution: If you work longer than your usual working day you should be paid overtime and no overdue or outgoing.

6. I don’t get paid in cash. My salary is paid into my bank ……. .
a) deposit
b) debt
c) account

Solution: The salary is paid into a bank account and not into a “imposition” or “Debt”.

7. The long-term loan you take from a bank to buy a house or flat is called a ……… .
a) mortgage
b) overdraft
c) arrears

Solution: The long-term loans for home purchase are called mortgage Overdraft is having a negative balance in the bank account and arrears are delays.

8. I don’t have any money. I’m ……………… .
a) stony broke
b) hand and fist
c) comfortably off

Solution: If a person has no money is because it is stony broke, Hand and fist is being stingy and comfortably off is true when someone things are going well and has money.

9. I need to ……… my belt, and cut down on the money I spend on luxuries.
a) loosen
b) tighten
c) do

Solution: “Tighten my belt” means spend less money on nonessentials. Loosen my belt is the opposite.

10. I don’t have any cash on me. Can I pay with my ………. card?
a) deposit
b) credit
c) expenditure

Solution: Credit card is the name of the card you use to make payments when they do not carry cash. The options Expenditure Card and deposit card are not correct.

Task 2: DVD Task 1: Bank Transactions

enero 5, 2011

Task 3. CV and letter applying for a job.

enero 4, 2011

Letter

This is a covering letter sent in reply to the advertisement wich appeared in Prospects Today on 15 November:


C/ Colón nº 13

03420 Castalla (Alicante)

HSBC BANK

HSBC HOLDING PLC

8 CANADA SQUARE

LONDON E15 5HQ

Dear Sir or Madam

I am wirting in response to your recent advertisement in Prospects Today for a sales manager. I would like to apply for the post of sales manager.

As you can see from my enclosed CV I graduated from Alicante University with a degree in bussines Studies

As you know your company is a leading institution within its sector. In that sense I have great interest in becoming a member of your winning team and I took this opportunity to enclose my curriculum vitae for your review and consideration.

You will notice that my professional knowledge since its beginning has been in the financial environment wich is adequately complemented with my studies in business. I consider that with my experience could become a potential asset to your institution.

If you need any additional information, please do not hesitate in contacting me by email jmcortes@gmail.com. I will be glad to meet and hear you soon.

Yours faithfully

Jose Manuel Cortés

Enc 1.
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Task 3: DVD Task 2 Professional Interview

enero 4, 2011

Task 4: Write a short paragraph

enero 4, 2011

Banks in the UK:

In the UK there are two types of banks. The Merchant Banks and commercial banks. The former are targeted at large corganizaciones and specialized in international trade and finance. (Offer similar facilities of commercial banks). While the latter are targeted to individual customers.
Merchant banks confirming the status of Overseas custumers acting trough confirming houses in the Eurobond market. In addition under shipping insurance Involved in foreign exchange.
Some examples are ambros Bancks marchant, Keyser Ullmann, Schroders, etc.

On the other hand commercial banks encourage customers to use their private current account, savings account, deposit accounts and lend money in the forms of loan overdrafts, and so on.

Commercial banks also offer other services to private customers, we emphasize standing orders, bank money order system, credit facilities, Credit cards and transfer credits.
Some examples of commercial banks are: Barclays, Lloyds, Midland

Task 5: DVD Task 3 Telephone dialogue

enero 2, 2011

Task 6: Administrative letters

enero 1, 2011

Administrative Letter A: Opening a current Account

C/ Colón nº13

03420 Castalla

Midland Bank

59 Old Christchurch Road,

Bournemouth BH1 1EH

Dear Mr Williams,


With reference to your conversation of 27 October I would like you to open an account for under me  R&S Fashions Ltd. With this address 915 East Street, Brighton, Sussex.
I have pleasure in enclosing two specimen signatures, my own and my partner’s Ms Catherine Sidden.
Both signatures must be required on all cheques.
In addition, I am including a reference from Mr. Young who banks with your branch and a cheque for 257 pounds from a customer.
I thank your in advance for your attention and look forward to your acknowledgement
I will be glad to hear you soon.

Administrative Letter B: Change Signature

C/ Colón nº13

03420 Castalla

Midland Bank

59 Old Christchurch Road,

Bournemouth BH1 1EH

Dear Mrs Williams ,

I would like you to note that as from 15 November 2010 the two signatures that will appear on cheques for my account will be my and that of new accountant Mr. Harold Lloyd.

I attach specimen of mr. Lloyd’s signature
Thanks in advance for your attention and i am looking forward to your confirmation


Administrative Letter C: Request to a standing Order

C/ Colón nº13

03420 Castalla

Midland Bank

59 Old Christchurch Road,

Bournemouth BH1 1EH

Dear Mrs Williams ,

I am writing to you because I would like to arrange for 678 pound to be transferred from my account nº331521109501 to Richard&Long’s account with Dewland bank on the 1st of every month beginning 1 december this year.
I thank you for his attention and look forward to your acknowledgement.


Administrative Letter D: Cancellation of a cheque

C/ Colón nº13

03420 Castalla

Midland Bank

59 Old Christchurch Road,

Bournemouth BH1 1EH
Dear Mrs Williams ,
I am writing to you because I would like you to cancel cheque nº17892165001 for €1, 672 in favour of B Gelt Ltd., the reason for this is the cheque seens that have been lost in the past. Consequently I am sending another cheque in its place
Please accept my sincere apologies for all inconvenience the cancelation of the cheque may cause to you.
I thank you for your attention and look forward to your confirmation.


Administrative Letter E: Transfer of money from current account to deposito account

C/ Colón nº13

03420 Castalla

Midland Bank

59 Old Christchurch Road,

Bournemouth BH1 1EH

Dear Mrs Williams,

I am writing to you because I would like to arrange for 2500€ to be transferred from my current account to my deposit account.
I am pleased to tell you that the account number and details are on the transfer slip
I would like to stamp the counter fail and send it back to me
Thanks in advance for your attention and I am looking forward to your confirmation.

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