C) Look at the cheque and answer the questions below

B) Study the cheque and the information it provides. Consult the active vocabulary for the unit.

Exercise 14 a) Study forms and methods of payment.

Exercise 13 Choose the correct words to complete these dialogues.

1. A: That’s a beautiful car. Where did you sell/buy it?

B: At a garage in Rome. It’s worth/worse ₤ 15,000 but I paid/bought ₤ 12,000.

2. C: Hi! How’s the new job?

D: It’s OK but I don’t win/earn enough.

C: Where are you living?

D: In a new flat. I lent/borrowed some money from the bank, but I think I will have to sale/sell my car.

3. E: How are you?

F: Fine. I’m going to the Bahamas next week.

E: Really? That’s expensive. How can you offer/afford it?

F: I bought some parts/shares in a high tech company and I sold them last week at a big benefit/profit.

Payment in foreign trade may be made in cash and on credit. There are different methods of cash payment: by cheque, by transfer, by a letter of credit, and payment for collection.

Methods of payment on a credit basis include: by drafts, in advance, on an open account.

(i) – cheque stub (ii) – issuing bank (iii) – date (iv) – bank code (v) – amount in numbers (vi) – name of drawer

(vii) – account number (viii) – bank number (ix) – name of payee (x) – cheque number (xi) – amount in words

1. How much is the cheque for? 2. What is the address of the issuing bank? 3. What is the account number? 4. What is the date? 5. What is the name of payer? 6. Who signed the cheque? 7. Who is the cheque made out to? 8. What is the bank number? 9. What is the bank code? 10. What is the cheque number?

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