Financial

Seminar 1. Financial documents

1. What are come common financial documents?

Some common financial documents includes contract, bank statements, applications and so on.
New word
Common-ниитлэг
Includes-оруулах
Statements-мэдэгдэл
Application-өргдөл
2. What type of assistance can a financial advisor provide?
A financial advisor can help with a number of things. These include managing record, organizing
files and assisting in the creation of business plan etc.
New word
Provide-
Things-
Mananging record-
Organizing-
Assisting-
Creation-
Etc-

Seminar 2. Cash

1. Do you preper to use credit/debit card or cash for payment? Why?

I prefer to use cash for payment, this way I monitor my expenditure and not go over my budget.
A debit card is a good solution but I still prefer using cash.
New word
Monitor-хяналт тавих
Expenditure-зарлага
Budget-төсөв
Solution-шийдэл
Still-одоо ч гэсэн
2. What type of currency are accepted in your country?
All type of currency are accepted in my country. /including coins and cash/

Seminar 3. Changes in value

1. What are some ways of describing sales decline?

New word
Describing-
Decline-
2. How do you refer to stock that is increasing in value?
 New word
Refer-
Stock-

Seminar 4. Loans

1. What are some reasons why people get personal loans?

People get personal loans for all sorts of reasons. They may want to take a holiday, or make a
purchase such as a new car with an auto loan.
New word
Reasons-
Purchase-
2. What are some of the extra costs in mortgage loans?
There are some extra costs in mortgage loans, such as insurance, which can mean that you can
pay your mortgage even if you become unemployed. Also, an early payoff penalty could be an
extra cost; it means that you need to pay money to the bank if you want to pay off your
mortgage before the egreed time.
New word
Extra-
Insurance-
Umemployed-
Payoff penalty-
Egreed-

Seminar 5. Types of businesses

1. What are different ways that ways that someone can own a business?
Someone can own a business outright, when they are sole proprietor, or part of a business, such
as when they are in a partnership. They can also own shares in a public company.
New word
Outright-
Proprietor-
Partnership-
2. How does a business’s size determine its structure?
A very large company is more often than not a public company with many owners who
strangers. A small company is often privately owned by one individual or sometimes more, but
who know each other well.
New word
Determine-
Structure-
Strangers-
Privately-
Individual-
Seminar 6. Budgets

1. How do business owners ensure they have enough money to run their business?
Business owners ensure that they have enough money to run their business by ensuring that
they don’t get into debt and making sure that they have enough to pay their staff.
New word
Ensure-
Staff-
2. What should business owners consider when making budgets?
When making budgets business owners should ensure that they don’t overestimate their
profits or underestimate their debts.
New word
Consider-
Budgets-
Overestimate-
Underestimate-

Banking

Seminar 7. Money

1. What do people use to make purchases in our country

In my country most people use credit and debit cards to make purchses. However, most people
also carry cash and loose change in order to buy smaller items. Checks are sometimes used to
pay bills.
2. Are coins or bills more common in our country? Which do you prefer?
Bills are more common in my country than coins. I prefer them because they are not heavy and
they can be used to pay for almost anything. Coins can only be used to purchase small items
because it is difficult to carry large amounts of them around, and most shops will not allow you
to buy expensive items with them.

Seminar 8. Bank documents

1. What documents are required to open a bank account in your country?

To open a bank in my country you need a SSN, an acceptable form of identification with your
picture on it /such as a passport or driving license/, and some proof /баталгаа/ of where you
live such as a utility bill /хэрэглээний/ e.g water or electricity
2. What documents does a teller use in transacton?
Tellers use a variety of documents in transaction. Withdrawal forms are used when customers
withdraw money, account application forms are used when a customer wishes to notify a bank
that they are moving house and so on.

Seminar 9. Savings accounts

 1. What encourages people to open savings accounts?
High interest rates and a good return o interest encourage people to open savings account.
2. What are some restriction on saving accounts in your country?
Many saving accounts prticulary those whit good rates of interest require that a minimum
balance is kept. Sometimes the number of possible withdrawal, in a particular time may also be
limited.

Seminar 10. Cheking accounts

1. What are the advantages of storing money in bank?

The advantages of storing money in a bank are that is kept safe and you can earn interest on it.
In addition having a bank account gives you acces to a wide range of banking services.
2. What are some different ways that people can pay for purchases?
People can use a number of different ways to pay for purchases. Checks and debit cards, as well
as cash, are common ways to pay for purchases. People are also increasingly paying for things,
such as large items or bills using online banking payment systems.

Seminar 11. Online banking

1. What are the benefits online banking?

Online banking has many benefits. It allows you to perform transactions wherever you are (as
long as you have internet access). So you don’t have to wait for the bank to open.
2. What are the risks of online banking?
The risks of online banking are that someone will discover your password wnd use it to take
money out of your account.

Seminar 12. Teller

1. What are the responsibilities of tellers?

Tellers are responsible for ensuring that the money that is paid into and out of a bank is correct
and all transaction are recorded. The also deal with customer inquiries about other aspects of a
bank is business
2. What skill are tellers required to have?
3. Tellers are required to be highly namerate and passess excellent communicatians skills in order
to deal efficiently with customer.