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Englisch > Banking system > Flashcards

Banking system Flashcards

1
Q

overdraft

A

Kontoüberziehung

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2
Q

Dauerauftrag

A

standing order

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3
Q

direct debit

A

Lastschrift

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4
Q

bank code/routing number

A

Bankleitzahl (BLZ)

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5
Q

to withdraw money

A

Geld abheben

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6
Q

to deposit

A

Geld einzahlen

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7
Q

What is money used for?

A
  1. means of payment
  2. store of value
  3. unit of account
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8
Q

If the Fed wants to boost the money supply,
then the Federal Open Market Committee (FOMC) will?

A

buy government securities, which increases
the amount of money in circulation

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9
Q

What are the risks of banking?

A
  1. credit risk: the risk that the bank makes a loan to a customer who is unable to repay it. When a loan GOES BAD, the bank’s net
    worth is reduced by that amount. (loan has to be written off)

2.insufficient liquidity: can´t meet withdrawals or other obligations.

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10
Q

What´s the federal funds market?

A

bank can borrow money from another bank overnight

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11
Q

what does legal tender mean?

A

something accepted as a legal form of payment

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12
Q

what ist retail banking?

A

business to people

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13
Q

what is wholesale banking?

A

business to business

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14
Q

name the key monetary policy tools used by the FED

A

its open market operations

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15
Q

what does lender of last resort mean?

A

lends extra funds to banks that need additional cash in a crisis

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16
Q

Whats the Federal Deposit Insurance Corporation (FDIC)

A

it should prevent runs on the bank

17
Q

what´s the mergers and aquisition department?

A

responsible if a company wants to take over a competitor

18
Q

what´s a bond issue/flotation of shares?

A

a business issues bonds and issues/sells shares in order to raise capital

19
Q

What are proprietary trading activities?

A

investment banks buy shares/securities on their own account

Englisch (12 decks)

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