Vocabulary. Banker Банкир Financial institution Финансовое учреждение Borrow Заимствовать Founded Основан Added

Questions:

1. What is a bank?

2. When and where was the first modern bank founded? What was its name?

3. What was the primary purpose of a bank historically?

4. How do banks act?

5. How do banks borrow money?

6. How do banks lend money?

7. Why is a bank account considered indispensable by most businesses, individuals and governments?

8. Why are non-banks that provide payment services not normally considered an adequate substitute for having a bank account?

Тopic 9