Where can you find a job? (7)
radio, newspaper, online, job center, recruitment agencies, speculative application, personal contact
What is the EU?
The European Union is a political and economic union of 27 member states.
Definition of money.
Money is what people in a society use when buying or selling goods and services.
What are the two main types of ownership for banks?
private and state
What is a covering letter?
A letter to attract the employer's attention. Why is the candidate suitable for the job.
Which information is given in a job advertisement? (7)
the title, location, employer, requirements, responsibilities, benefits, contact details
What is the EU single market?
The EU has a single market (the world’s largest), which is based on free movement of people, goods, capital and services. EU citizens are free to travel, work, study and retire in all member states.
What is the comodity money and fiat money?
commodity money, which is an item used as money, but which also has value from its use as something other than money; and fiat money, which has no intrinsic value, but is declared by a government to be the legal tender of a country.
What types of banks do you know?
retail bank, commercial bank, private bank, building societies, investment bank, savings and loan associations, online bank
What are 3 personal incomes and 3 personal expenses?
salary, benefit, tax, insurance, loan
fee, food, gas, electricity, tax, insurance
What do we send to a company with our chosen job?
an application form, a CV, a covering letter, certificates, references
What are the EU institutions and their roles?
the European Commission - is responsible for pursuing and enforcing laws of the EU’s policies
the Council of the European Union - is made up of EU government ministers who meet to discuss, amend and adopt laws
the European Parliament - is made up of directly elected members from each EU country, who debate and amend laws
the European Central Bank - is a bank of the 19 EU countries which use the euro, the bank is responsible for conducting monetary policy of the euro area
the European Court of Justice - makes sure EU law is applied the same way across the EU
What are the functions of money? Explain them.
a medium of exchange, which means that for example: instead to exchanging accounting services for shoes, the accountant exchanges his services for money. The money is then used to buy his shoes.
a store of value. The problem with keeping goods in a warehouse /for example shoes/, there is a risk that they will go out of style and their value will go down. Holding money is a much easier way of storing value. You know that you do not need to spend it immediately because it will still hold its value the next day, or the next year.
a unit of account, which means that other values are measured by money.
a standard of deferred payment. This means that if money is usable today to make purchases, it must also be acceptable to make purchases today that will be paid in the future.
Which services do banks offer?
current account, loans and overdraft, mortgages, savings and investments, insurance, online banking, business banking
Which six countries signed the treaty that led to the formation of the European Coal and Steel Community in 1951?
The six countries were Germany, France, Italy, the Netherlands, Belgium, and Luxembourg.
What is a CV?
a life story/resume
career goal, education, personal details, achievements, job history, skills, qualifications, interest
How do EU member states contribute financially to the EU?
All EU member states make a financial contribution to the EU. It is a proportion of each country’s gross national income. Also money comes to the EU from custom duties on imports from outside the EU, from a small part of the VAT collected by each EU country, from a contribution based on the amount of non-recycled plastic packaging waste in each country, and from contributions from non-EU countries to certain programmes, interest on late payments and fines.
What is the time line of the history of money?
a system of barter, commodity money, metal money, paper money, modern money/fiat money
What are three types of bank accounts? Which transactions do they offer?
current account-paying bills, receiving money, card
saving account-to save money
student account-for students
What are three symbols of the EU?
The EU flag consists of 12 golden stars on a blue background; the anthem is Beethoven’s "Ode to Joy"; the motto is "United in diversity
What are some tips for a successful interview?
arrive 10 minutes earlier, wear appropriate clothes, keep eye contact, sit straight, appear confident, show interest, be positive about your previous experience
How many countries use the euro and when was the currency released?
20 members have adopted a single currency, the euro, which was introduced in physical form in 2002.
What are some security feature of money?
design, colour, watermark, hologram, microscript, microprinting, security thread, colour-changing features, raised print, invisible mark, serial number, luminescent ink
What roles do central banks play?
implementing the government’s monetary policy and regulating the banking system
acting as a lender or last resort to commercial banks
controlling inflation and stabilising a nation’s currency
setting interest rates
What is the interest in banking?
Interest is the price paid to lenders for borrowed money