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Banking and Finance Flashcards

(99 cards)

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1
Q

what are credit unions?

A

cooperative initiatives with depositors being shareholders

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2
Q

what is crowdfunding?

A

raising funds from the general public who make financial pledges

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3
Q

what are microcredits?

A

very small loans for borrowers who lack collateral

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4
Q

how did banking start?

A 
in China (flying cash = gov certificates to pay distant merchants)
Knights templar is euroope
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5
Q

where does the word bank come from?

A

italian ‘banco’ (bench)

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6
Q

why are banks considered as risk managers?

A

the risk is a loan will not be repaid

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7
Q

why is the risk involved in banking calculated?

A

bc banks are fully aware of the potential default

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8
Q

what triggered the 2008 GFC?

A

bankers accepted subprime mortgages; deregulation; unregulated use of derivatives

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9
Q

how did govs help banks during GFC?

A

they bailed them out with bail-out packages

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10
Q

what do modern banks do? (4)

A
  • receive deposits
  • ensure withdrawals
  • give loans
  • offer financial services
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11
Q

how to banks make money? (4)

A

charge interest
charge fees and comission
invest deposits
deal with diff financial products

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12
Q

what are the three types of banks?

A 
central banks (central banking)
commercial banks (retail banking) = high street banks
investment banks (wholesale banking) = merchant banks
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13
Q

translate the three types of banks

A

centralno bančništvo
poslovanje s strankami / občani
bančni posli za podjetja

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14
Q

what do central banks do? (5)

A
  1. control inflation and money supply
  2. set minimum interest rate
  3. maintain financial stability
  4. implement monetary policy
  5. act as lenders to other banks
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15
Q

what do commercial banks do? (6)

A
  1. manage customer accounts
  2. receive and hold deposits
  3. offer loans
  4. issue credit and debit cards
  5. pay standing orders
  6. provide atms and foreign exchange
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16
Q

what do investment banks do? (4)

A
  1. give advice on corporate finance
  2. arrange M & A
  3. issue and underwrite securities
  4. finance international trade
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17
Q

what is a universal bank?

A

commercial + investment bank

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18
Q

what does ‘issue and underwrite securities’ mean?

A

determine the risk and the price of a security

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19
Q

what is ECB and where is it HQed?

A

the European Central Bank

Frankfurt

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20
Q

how is the US central bank called?

A

The Federal Reserve (the Fed)

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21
Q

how is the UK central bank called?

A

The Bank of England / Scotland

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22
Q

how is the Slovenian central bank called?

A

The Bank of Slovenia or The Slovenian Central Bank

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23
Q

tr overdraft

A

limit, dovoljena prekoračitev stanja na računu

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24
Q

def lender of the last resort

A

a creditor to other banks when there is none other availabile

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25
def current account
a way for a customer to deposit money and take it out without restrictions
26
def overdraft
an arrangement that allows the customer to overdraw their account at a relatively high interest rate
27
def savings account
= deposit account | intended to keep money for a longer period of time
28
def time (notice) deposit
an arrangement to leave money in your savings account for an agreed period of time
29
def credit crunch
a situation where there is not enough credit available for all companies
30
def austerity measures
strict economic policies implemented by a government to reduce government spending and public debt
31
def stockbroking
buying and selling stocks and bonds for clients
32
def shares
equal units of ownership in a company
33
def collateral
debt guarantee
34
def installments
monthly payments of loans
35
what does every bank need?
reserves
36
tr standing order
trajnik
37
what does ATM mean?
automatic teller machine
38
def and tr deregulation
opposite of gov control | odprava državnega nadzora
39
tr austerity measures
varčevalni ukrepi
40
tr pri kateri banki ste?
which bank are you with? | im with...
41
tr current account
tekoči račun / transakcijski
42
tr deposit account
varčevalni račun / depozitni
43
tr savings account
hranilna vloga
44
tr notice / time deposit
vezana vloga
45
tr sight deposit
vloga na vpogled
46
tr joint account
skupni račun
47
tr collateral
varščina, jamstvo
48
tr credit history
pretekla posojila
49
tr creditworthiness
kreditna sposobnost
50
what does a bank charge for a loan?
interst
51
what does the borrower have to repay for a loan?
principal + interst
52
tr the banking industry / sector
bančni sektor
53
tr lender of the last resort
posojilodajalec v skrajni sili
54
tr banking facilities / services
bančne storitve
55
tr banking operations
bančno poslovanje
56
tr banking hours
uradne ure bank
57
synoym bank clerk (3)
bank assistant, bank teller, cashier
58
tr bank clerk
bančni uradnik, blagajrnik
59
tr issue and underwrite securities
izdati vrednostne papirje in zagotoviti njihov odkup
60
tr credit crunch
kreditni krč
61
tr bailout
finančna pomoč s strani države
62
def quote
offer (quotation)
63
def guarantor
a person that can guarantee you can pay the loan (if you can't pay, they pay) - usually close relatives
64
tr to repossess
odvzeti (nepremičnino)
65
synonym to service the loan
to pay payments of a loan
66
def hard goods
equipment
67
tr principal
glavnica
68
def personal assets
jewelry, paintings
69
def interest rate ceiling
a highest interest rate is imposed
70
def bank reserve
an easily accessible amount of money to ensure liquidity
71
def capital flow controls
gov control on cash flows of a bank
72
tr financial disclosure
finančno razkritje
73
def impetus
something that makes a process or activity happen or happen more quickly
74
def dubious
questionable
75
def tax haven
a country or jurisdiction with low taxes
76
p_ _ into an account
pay
77
def sight deposit
a bank account that allows customer to take out money whenever they want without informing the bank in advance
78
transfer synonym
remittance
79
def time deposit
= savings account
80
tr credits
dobropis, v dobro
81
tr debits
breempis, v breme
82
the balance IN/ON your account
in
83
BY/WITH card (and standing order)
by
84
you have overdraft enabled, you go ______
overdrawn
85
installment or instalment?
two Ls in the US, one L outside
86
tr guarantor
porok
87
tr indebtedness
zadolženost
88
tr interest
obresti
89
tr boniteta
credit rating
90
tr they credited
nakazali so mi
91
tr white goods
bela tehnika
92
tr bankable (can be used figuratively)
unovčljiv
93
tr promissory note
zadolžnica
94
tr to bank a cheque
unovčiti ček
95
def to bank (a cheque)
to put money into a bank
96
def a default
non-payment
97
def to default
to be unable to pay off a debt
98
give 3 examples of austerity measures
lay-offs no new jobs offered promotion stalled
99
time deposit synonym
notice deposit

0 English 2 (11 decks)

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