Show:
MONEY
BANKS
BANKING FUNCTIONS
TYPES OF BANKS
Russia
100
Three Functions of Money
What is to be a Medium of Exchange, act as a Standard of Value, and be a Store of Value
100
Reason Banks are like any other business
What is "they both try to make a profit"
100
Three basic functions banks perform
What are Accept Money, Transfer Money, Create Money
100

Name four types of banks

What are Commercial Banks, Savings Banks, Savings and Loan Banks, Other/Credit Union

100

What are the functions of the Central Bank?

The Central Bank of the Russian Federation comprises the first level, and its functions and empowerment sets it apart from other banks. First of all, it covers the regulation and procedural guidelines of the rules for banking transactions and their accounting, the creation of liquid money (emission), payment cycle organization, banking transactions licensing and the supervision of all the lending agencies, banking regulations and other lending agencies supervision by means of the Accounting and Reserve Procedure, and establishing for those mandatory prudential regulations. The Central Bank of the Russian Federation occupies a special place in the banking system due to its functional designation.

200
Name two of the five items mentioned, that used-to be used for money
What are Shells, Cows, Corn, Red parrot feathers, Gopher tails
200
Four people whose interests the bank manager must satisfy
Who are Owners/Shareholders, Borrowers, Depositors, Citizens of the Community
200
A deposit into a checking account is called
What is a "Demand Deposit"
200
A bank chartered by the national government is called a
What is a National Bank
200

How many levels in Banking system in Russia? Describe in detail

The Russian banking system has a bi-level structure. The first level is represented by the Central Bank of the Russian Federation. The second level includes banks and non-bank financial companies, as well as branches and representative offices of foreign banks.

300
Name three of the six characteristics money must have
What are Stable in Value, Scarce, Be Accepted, Divisible, Portable, Durable
300
All of the services a bank sells involve
What is "Managing Money" and "Stimulating Economy"
300
Four main types of loans
What are Mortgage Loans, Business Loans, Individual Loans, Lines of Credit
300
True or False, A bank chartered by a state government has to have the word "State" in its name
What is FALSE
300

Translate the following terms into English:

Обменный курс; банкомат; снятие наличных; банковский кредит

Exchange rate; ATM; cash withdrawal; bank loan

400
Most common form of Money
What are "Checkbook Dollars"
400
Roughly how many business transactions do we rely on banks for daily? Hundreds, Thousands, Hundreds of Thousands, Millions, Billions
What is "Millions"
400

A pledge of property as a guarantee that the loaned money plus interest will be paid back

What is a Mortgage

400
Another name for a Savings and Loan Association
What is a "thrift" or "thrift institution"
400

Can you trade in financial markets in Russia  in foreign currency? 

You can buy and sell foreign stocks in dollars only in SPBEX (Saint Petersburg stock exchange).

In Moscow stock exchange you buy stocks only in rubles. 

500
Two things citizens must have to accept currency as payment of debt
What is Faith in the Government, Faith in the Economy
500

What two places do our deposits go after they enter the bank

What are "Required Reserves" and "Loans"

500
Three common qualifiers to get a Line of Credit
What is Income, Good Credit History, Property (As Security)
500
Most Savings Banks loans are used for
What are Home Mortgages
500

Name 1) the president of the Central Bank of Russia 2) the document where the functions of Central Bank described 

1) Elvira Nabiullina 2) in the Russian constitution (Article 75) and in the special Federal Law