Exercise 6. Answer the questions on the text.

1. What do all commercial banks do?

2. What is the oldest and the most important banking function?

3. What is the most profitable banking activity?

4. What services do modern banks provide?

5. What types of services do modern banks offer?

6. How are personal chequing accounts used by individuals?

7. Some interest is paid on a personal chequing account, isn’t it?

8. What kinds of accounts are used by individuals who wish to earn some interest on the money in the bank?

9. How do commercial banks finance imports and exports between countries?

10. What is the function of Central Bank?