Ix. fill in the blanks with proper words or phrases: 1. the board appoints the and the …………………… 2. an employee in a bank who pays out and receives money is called a ……………… 3. the board of directors is elected by the 4. the board may distribute……………… to the shareholders out of the profits once or twice a year. 5. the ………may be high even after all the bank's expenses are paid. 6. a bank will need to seek approval for a large ……………. to a customer. 7. the board will discuss the bank's…………………… in other businesses.