Concept Map: Unit 4: “Banks”

BANKS

large financial institutions

there are two types of banks

COMMERCIAL BANKS MERCHANT BANKS

give similar services not to

A financial institution that accepts:
individuals but to companies

 Deposits: leave money in a bank.

 Current account: it´s is a personal bank account from which
you can take money out of at any time. It is used to make
payments and usually earns little or no interest.
 Saving account: it´s a bank account from which earns interest on
the money kept in it.
 Personal and mortgage loans (auto loans - business loans): A
loan is a sum of money borrowed from the bank to assist for
certain planned or unplanned events. The borrower is required to
 Merger (fusion): When two or more companies
decide to combine and become one entity.
 Takeovers (toma de control): one company
will buy another company and assume


  Personal and mortgage loans (auto loans - business loans): A
loan is a sum of money borrowed from the bank to assist for
certain planned or unplanned events. The borrower is required to
pay back the loan, including the interest charged over a stipulated
period.
 Credit card: a small plastic card that you can use to buy goods
or pay services, and then pay for them later.
Another service is the payment of:
 control of it.
 Acquisitions. When one company decides to take
over another one. There are two types of
acquisition: hostile and friendly. A hostile
takeover is the term used when a company buys
another one without its consent. When both
companies agree to the terms of the acquisition, it
is referred to as a friendly takeover.
** Takeovers and mergers are very similar.

 Fee (fees): make a payment to someone in return for

services or for the use of something: legal fees,
University fees, an entrance/registration fee, etc.
 Salary (salaries): a fixed amount of money agreed every
year as pay for an employee, usually paid directly into
his or her bank account every month.
 Wages: monetary remuneration for a day, an hour, a
week, or for a short-term work. He promised to pay us
high wages. What is the minimum wage in Australia?
His weekly wages are $20.
Concept Map: UNIT 6 “IMPORTS – EXPORTS”
 (Comercio exterior): the buying and selling of goods and services among countries.
Imports: the goods
and services we buy
from other countries.
Exports: the goods
and services we sell to
other countries.
The balance of trade (La
balanza commercial): is the
value of a country's exports
minus its imports. There are
two consequences of it:
1. Trade surplus (Superávit
commercial): when exports
are larger than imports.
Countries usually regard that
as a favourable trade balance.
I. Trade deficit
(Déficit commercial):
FOREIGN TRADE
Visible trade (Comercio visible) , The balance of Export merchant
in economics, exchange of payments (La house (Casa
physically tangible goods between balanza de pagos) comercial de
countries. It is distinguished from of a country: is the exportación): it
invisible trade (comercio record of all consists of buying
invisible), which involves the international trade directly from foreign
physically intangible items such as and financial producers or various
services, which include freight and transactions domestic
passenger transport; banking, other between a country manufacturers for re-
financial services, insurance; and the rest of the packaging and
scientific-technical exchange; world in a particular ormalities and
international tourism, etc. period (over a exchange control
2. Trade deficit (Déficit
commercial): when imports
are larger than exports.
Countries usually regard that
as an unfavourable trade
balance.
However, these two must
always be balanced.
scientific-technical exchange;
international tourism, etc.
world in a particular re-selling under its own
period (over a name. It is due to the
quarter of a year or formalities and exchange
more commonly control approval.
over a year). The
Governments control
balance of payments
international trade through
includes all external
tariffs and quotes. A tariff
visible and non-
(arancel) is a tax imposed
visible transactions
on imported goods and a
of a country.
quota is the maximum
quantity of a product that
can be imported during a
period.
The money that a country
receives for its exports
enables it to pay for its
imports.