The demand for money is understood as the quantity required to undertake business transactions

6. The bank has refused to issue a chequing account. Therefore, we’ll have to carry cash on us whenever we want to make a purchase.

A bill is an interest-bearing financial security which is issued by a firm or government in order to borrow short-term money to be repaid usually within three months.

To reduce his cash holdings (наличные деньги) to a minimum will be only natural for a banker since they produce no income.

Financial capital to be used in a business may either belong to the business itself or it may be borrowed from a bank.

Exercise III. Подберите определения к следующим терминам:

Current account, cheque, cash, liability, stock exchange, clearance, securities

Means of borrowing money and raising new capital issued by companies, financial institutions, governments;

Deposit which can be withdrawn on demand and which is used by depositor to finance day-today personal and business transactions;

Coins and bank-notes which are in circulation in a country;

A market where company stocks and shares as well as government bonds are bought and sold;

A form of debt, for instance, a loan;

A means of transferring or withdrawing money from a bank or building society current account.