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Banking

All bank operations (banking) and the methods of controlling them are part of the credit system of any country. Banks and other financial institutions fulfill the role of financial intermediation between different businesses and individuals, the savers and the borrowers. The success or failure of bankers depends on their ability to identify the financial services which public demands, produce those services efficiently and sell them at competitive prices. They must constantly develop the service menu of banks and attract new customers. They offer different savings and checking accounts to businesses and individuals, transfer funds to and from many banks throughout the world, make bookkeeping of checking accounts, cash checks and look after their depositors' savings, exchange foreign currencies and ensure trust services. Bankers deal with the complexities of insurance, taxation, and investments

Answer the following questions:

1. What does an economist deal with?

2. What is the aim of economists?

3. What economic must the managers have?

4. What do the marketers plan?

5. Is marketing management one of the leading branches of modern activity?

6. Who is in charge of finance?

7. What do the accountants design?

8. What do the auditors prepare and analyze?

9. What role do banks and other financial institutions fulfill?

10. What do the bankers deal with?

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