Tài liệu tổng hợp một số câu hỏi trắc nghiệm nói tiếng anh chuyên đề Business Banking. Tài liệu được sử dụng để làm bài kiểm tra, trả lời phỏng vấn tiếng anh liên quan đến ngân hàng thương mại, ngân hàng trung ương.
BANKING BUSSINESS What is a commercial bank? Commercial banks are businesses that trade in money They receive and hold deposits, pay money according to customers’ instructions, lend money, offer investment, advice, exchange foreign currencies and so on what are functions of a commercial bank? payment intermediary Credit intermediary Money creation How is a commercial bank functioned as a payment intermediary? Credit intermediary? Money creation? payment intermediary: Bank behalf of its customers make payments their obligation Credit intermediary: Trung gian tín dụng, huy động vốn cho vay (deposit- bank- loans Money creation: When the bank lends money to customers it can creates demand deposits-> it can increase money supply What are some services provided by a commercial bank? How does it make a profit? Services: Deposit Make loans Currency exchange Insurance Buying and selling security Transfer currency Payment services Discounting bill of exchange (nhờ ngân hàng trả nợ trước thời hạn lấy triết khấu Make profit: Difference between interest rate of deposit &loans: chênh lệch Fees/ commission for services What are some functions of a central bank? Serving as the government’s banker Making loans to other bank (they act as the banker of the banking system Regulating the monetary system for both domestic and international policy goals Issuing the nation’s currency: Printing money and pumping into the circulation 5.What are functions of money? Medium of exchange (trung gian trao đổi: A medium of exchange is anything that is widely accepted in payment for goods and services and in settlement of debts Money is the most common medium of exchange As a medium of exchange is used to make payment for goods and services or make settlement for debts Store of value: (dự trữ cất trữ giá trị hàng hóa: money is used to make purchases in the future Inflation is unavoidable so money is not a good store of values Better store of value can be gold, long- term investment… Measure of value (đo giá trị hàng hóa: The unit of account is the unit in which prices are quoted and accounts are kept As a measure of value: money is used to quote prices of goods and services and presents/reflects their value Standard of deferred payment: (phương tiện toán sau: money is used to pay for debits in the future: ex: installment buying What are differences between commodity money and token money? Commodity money –tiền hàng Token money- tiền quy ước - All country -only every country - Value in use as money as much - value in use as money is much as value of material higher than value of material - Ex: gold, silver - ex: paper note, coin • Commodity money is used for all country in the world The value in use as money as much as value of material The principal material used for this types of money has been gold, silver and copper • Token money: is used for only one country The value in use as money is much higher than value of material The principal material used for this types of money has been paper note, coin ... payment for goods and services or make settlement for debts Store of value: (dự trữ cất trữ giá trị hàng hóa: money is used to make purchases in the future Inflation is unavoidable so money is not... values Better store of value can be gold, long- term investment… Measure of value (đo giá trị hàng hóa: The unit of account is the unit in which prices are quoted and accounts are kept As a... installment buying What are differences between commodity money and token money? Commodity money –tiền hàng Token money- tiền quy ước - All country -only every country - Value in use as money as much