1. FINANCE, BANKING Anežka Daňková, V8A 14. 4. 2016

2. CONTENT  economic sectors  terms  kind of banks and their products  insurance

3. Economic sectors

4. THREE SECTOR THEORY I.primary sector – basic production - extraction of raw materials agriculture, forestry, mining, fishery II.secondary sector – production of goods - manufacturing industry, construction craft III.tertiary sector – services trade, banks, transport, education, culture, health

5. primary sector secondary sector tertiary sector COAL MINER FISHERMAN BUILDER DRESSMAKER BABY-SITTER ACCOUNTANTSHOPKEEPER LUMBERMAN SHOEMAKER

6. terms

7. TERMS  GDP – gross domestic product, monetary measure of the value of all final goods and services produced in a period (quarterly or yearly)  state budget - government document presenting the government's proposed revenues and spending for a financial year that is passed by the legislature  stock market - the aggregation of buyers and sellers of stocks (a loose network of economic transactions, not a physical facility)

8. TERMS  pay cash – paying in bills and coins (physically)  pay by credit card – paying by credit card wich is conected to your bank account (online)

9. KIND OF BANKS Central (national) bank – an institution that manages a state‘s currency, money supply (monetary policy), also usually oversee the commercial banking system Commercial bank – type of financial institution that provides services such as different types of accounts, loans, mortgages

10. BANK PRODUCTS  current account – a bank account suitable for paying and other transactions, with no interest rate, withdrawals possible  savings account – a deposit bank account for savings of a person, usually with interest rate and limited withdrawals  loan – lending of money from one individual, organization or entity to another with an interest rate (percentage of the sum given to loan provider)  mortgage – kind of a loan which is used by purchasers of real property, the loan si secured on the borrower‘s property

11. INSURANCE COMPANIES  insurance - protection from financial loss types:  auto insurance  health insurance  life insurance  property insurance  payment protection insurance (credit insurance)

12. PAYMENT PROTECTION INSURANCE repays some or all of a loan when the borrower is insolvent (got disabled, loses a job, or other circumstances – for example death)