DEFINITIONS
A bank is an institution that deals with money and provides financial services.
What services are provided by commercial banks?
These services include accepting deposits, providing loans and credit facilities, facilitating domestic and international money transfers, offering investment and savings accounts, issuing credit and debit cards, and assisting with foreign currency exchange. Additionally, commercial banks often provide financial advice, safe deposit boxes, and online banking services to their customers.
The bank lent me some money specifically to buy a house.
I've got a ________ from the bank.
MORTGAGE
What is the official currency of the United States?
AMERICAN DOLLAR
Would you like to pay ....................... cash or ..................... credit card?
IN, BY
Define the word "MONEY".
A means of paying, a medium of exchange.
What are 2 basic accounts? How do they differ?
Saving account designed for saving money.
Checking account used for everyday transactions.
She is paying for the car bit by bit.
She's paying for the car in _______.
INSTALMENTS
Can you name any famous US companies? (3)
I paid .............................. the dinner last night. It was my birthday.
FOR
Define the word "LOAN".
Money borrowed from a bank or lender that must be paid back with interest.
What is the difference between "DEBIT CARD" AND "CREDIT CARD"?
DEBIT CARD-holders can't overdraw their account.
CREDIT CARD-holders can overdraw their account.
My bank charges me about 4% on my loan.
I am paying a 4% ______ _______ on my bank loan.
INTEREST RATE
What does the USA export?
-industrial machinery, computers, telecommunications equipment, and other high-tech products
-agricultural goods, including soybeans, corn, wheat, meat products, and dairy
-Chemical products, including pharmaceuticals, organic chemicals, and specialty chemicals, are significant U.S. exports
-vehicles, aircraft
-oil, natural gas, and refined petroleum products
I spent €50 ............................... books yesterday.
ON
Define the word "FINANCIAL ACCOUNT".
Held with banks, allowing individuals or businesses to deposit, withdraw, and manage their money.
What forms of cash money do you know?
Bank note-paper or polymer currency issued by a government and typically representing a specific value. Banknotes commonly feature symbols, historical figures, or landmarks.
Coin-metal currency issued by a government, often with a specific denomination and image.
Have you ever spent more money than you had in your account?
Have you ever been in ____ _____?
THE RED
Which place takes the USA economy according to the GDP?
The second after China.
My uncle invested all his money ........................................ property.
IN
Define the word "MORTGAGE".
A person borrows money from a lending institution, typically a bank, to purchase real estate, such as a home or a piece of land.
What is "CRYPTOCURENCY"?
Digital or virtual currencies that use cryptography for security. Examples include Bitcoin, Ethereum, and many others. Cryptocurrencies operate on decentralized blockchain technology.
When I got my new flat I had to pay one month's rent in advance.
I had to pay a ______ of one month's rent when I got my new flat.
DEPOSIT
How much did the economy in the USA grow in the last quarter?
3,3%
I don't like lending money .................................. friends.
TO