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The Banking System

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    The Banking System
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  • What does earnings mean?
    guadagni
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  • What does correntista mean?
    Account Holder
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  • What is a loan?
    prestito
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  • What is an account statement ?
    Estratto conto
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  • What is a Bill of Exchange?
    Cambiale
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  • Definition of a central bank
    It is a country’s official bank, responsible for controlling the money supply.
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  • Definition of a commercial bank
    It offers banking services to businesses rather than to individuals.
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  • Definition fo virtual Bank
    It offers services without direct contact with the public, using the internet.
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  • Loans imply the payment of _____
    interests
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  • ___________ is a type of service offered by banks.
    Leasing / Factoring
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  • Mobile phones allow you to use ______
    home banking services
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  • It's possible to get ask the bank to get money of a different currency. True or False?
    True
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  • You can use it to pay when goods are at your door.
    COD
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  • Money can be moved from the debtor's bank to the creditor's account quickly thanks to this method of payment.
    Bank transfer
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  • It is a document used to order a bank to pay a sum of money on a fixed date
    Bill of exchange
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  • You use it when you have problems with a customer and you want to be paid in advance.
    Cash with order
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