Portfolio nº 2.
1 association: Is a trade organization which brings together all private banks and
finance established in the country as well as foreign banks that maintain
representative offices in Chile.
2 Bank account: A bank account is a financial contract with a bank whereby the
balance and subsequent client money movements are recorded.
3 Banks: capital status where accounts are grouped whose essential characteristic is
the very liquidity concepts of money, checks, drafts, deposits in checking accounts and
savings accounts.
4 Banking System: comprises both instruments and financial assets, such as
institutions or intermediaries and financial markets: traders buy and sell the assets in
the financial markets.
5 Balance: financial report reflects the situation of the equity of an entity at a particular
time.
6 Business: Occupation, Activity or work done to make a profit, especially consisting
of conducting business, buying and selling goods or services.
7 Cash: money in the form of coins or bank notes or payment for goods or services in
currency or by check.
8 checks: A check is an accounting document of value to which the person is
authorized to withdraw money from an account for example, the holder extends to
another person authorized to withdraw a certain amount of money from your account
which is expressed in the document, regardless of the presence of the owner of the
bank account.
9 Credit: The loan is a loan of money that the Bank provides to its customers, with a
commitment that in future, the client will return the loan gradually by paying dues or
in a single payment and an additional interest compensates the bank for all the time
that did not have that money by prepayment.
10 Central Bank: It is an institution in most countries serves as monetary authority as
such is usually responsible for the issuance of legal money and in general to design and
implement the monetary policy of the country to which it belongs.
11 Deposits: Are the bases of traditional banks, because without the money
contributed by a bank customer could hardly obtain funds to lend to others
12Dollars: The dollar is a currency that arises in North America, and is today widely
accepted and used worldwide.
13 economic: Of or relating to the production, development, and management of
material wealth, as of a country, household, or business enterprise.
14 Expand: Increasing production to reach a greater number of deposits or bank
accounts
15 Expansions: is the total money in circulation in the economy. It includes therefore
the cash held by the public, coins and banknotes, as well as those assets issued by
financial institutions which, by their high liquidity and low risk can be considered quasi
money or money.
16 expansion process: Economic cycle in which there is an upward trend in the
economic indicators.
17 fractional reserve: It is a banking system in which these, keep only a fraction of
the amount of customer deposits as reserves either as liquid money or other
documents highly liquid while taking the obligation to return those deposits in
demand, ie, in new loans to their customers.
18 Federal Reserve System: is a private entity whose organizational structure
participates in a government agency, known as the Board of Governors. It is
responsible for the custody of the bank reserves national members and associates and
international and voluntarily.
19 Increases: Growth in size, quantity, quality and intensity.
20 international institutions: coordinate financial economic policies of individual
member countries and to understand one another in these matters.
21Implementation: knowledge, skills and attitudes necessary to adopt best
management practices income, expenses, savings, loans and investments.
22 Mechanical: The system sets the gold standard currency of a country is tied to a
certain amount of gold. That is, set by law the value of the currency of a country in a
given amount of gold. Thus the gold-standard system is classified as fixed exchange
rate exchange rate economics is the price of the domestic currency denominated in
foreign currency, in the case of the gold standard, is the gold price of a unit of national
currency.
23 Money: A medium that can be exchanged for goods and services and is used as a
measure of their values on the market, including among its forms a commodity. a
deposit in a checking account or other readily liquefiable account.
24. Payment: The payment is one of the modes of extinguishing obligations, and is
the effective enforcement of the benefit due.
25 Percentages: Number or amount represents the proportionality of a party in
relation to a total that is considered divided into one hundred units.
26 Quantity: All you can increase or decrease and can therefore be measured or
numbered.
27 services: It is a set of activities to meet the needs of people.
28 Transactions: Treaty agreement or commercial business emanating from the
operations performed on the exchanges, purchases or Trade finance companies .
29 Transaction accounts: Transaction accounts are a safe and easy way for workers
and for small businesses to create an account specifically for employee wages,
purchasing inventory, office equipment and other business related expenses.
30 Transfers: Banking operation is to change money from one account to another