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ORADEA

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Banks

1) Keep the money at home

2) Buy what do you want

3) Open a Bank Account

ORADEA

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Banks

1) Keep the money at home

2) Buy what do you want

3) Open a Bank Account

But what Banks is about?

ORADEA

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Banks

• The bank is a credit instution that has

as main object of activity the attractionof deposits and the offer credit on one’s 

own account.

ORADEA

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Banks

• Types of credit institutions:

 – Banks;

 – Cooperatist credit organizations;

 – Savings and credit banks in the housing field;

 – Mortgage credit banks;

 – Institutions that issue electronic money.

ORADEA

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BNR

• National Bank of Romania

What is National Bank about??• Independent

• Main goal

• Issue of the bank notes and coins as legalmeans of payment

ORADEA

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Deposits

• Types of deposits

 – Current Deposit

 – Term Deposit

ORADEA

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• Types and fuctions of bank cards

 – Credit Card

 – Debt Card

 – Shopping Card

 – Loyalty Card

Bank Cards

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Bank Cards

• VISA x VISA Electron

• MasterCard x Maestro

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Account Balance

• Statement

 – A bank statement is a basis record of how much

money has been paid into your account and howmuch you have spent from your account anddetails of each transaction.

ORADEA

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• Statement

ORADEA

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Account Balance

ORADEA

1. How much money does Alina Ionescu have in heraccount at the beginning of August?

2. How much money has she spent on music this month?

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Account Balance

ORADEA

1. How much money does Alina Ionescu have in heraccount at the beginning of August?

2. How much money has she spent on music this month?

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Account Balance

ORADEA

1. How much money does Alina Ionescu have in heraccount at the beginning of August?

2. How much money has she spent on music this month?

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Account Balance3. How much was the bill (direct debit) for the mobile

phone?

4. How much did she withdrew during August 20th – August

31st?

ORADEA

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Account Balance3. How much was the bill (direct debit) for the mobile

phone?

4. How much did she withdrew during August 20th – August

31st?

ORADEA

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Account Balance3. How much was the bill (direct debit) for the mobile

phone?

4. How much did she withdrew during August 20th – August

31st?

Total: 119,42

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Account Balance5. What is her overdraft at the end of the month?

6. Can you suggest a way for Alina to cut down her expenses?

ORADEA

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Account Balance5. What is her overdraft at the end of the month?

6. Can you suggest a way for Alina to cut down her expenses?

ORADEA

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Account Balance5. What is her overdraft at the end of the month?

6. Can you suggest a way for Alina to cut down her expenses?

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What is OVERDRAFT?

Account Balance

ORADEA

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What is OVERDRAFT?

• Temporary loan

• Salary

• Limit

• Withdrawing cash, Card payments

• Interests

• + 18

Account Balance

ORADEA

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Money Sense

ORADEA

10 minutes

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Loans

• What is loan?

• Why people take a loan?

• Where can you get a loan?

• Do you think you will take a loan in the future?

ORADEA

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• What is Bussiness plan?

• For what I can use it?

• What are the benefits?

Bussiness Plan

ORADEA

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• Who are your competitors?

• What are the advantages of your competitors? What are

the advantages of your bussiness?

• Why the costumers should choose your product?

• How much your product/service will cost?

• How much you will earn every month?

• What are you fix costs? What about the variable costs?

Bussiness Plan

ORADEA

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SWOT

ORADEA

Strengths Weaknesses

Opportunities Threats

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Cafeteria Project 

• Roles of team members

• 15 minutes to have a creative idea about a

café shop• 5 minutes to present your idea in front of 

others

ORADEA

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Cafeteria Project 

Project Manager• Manage team members and chair all team

meetings

• Supervise the time management of the team• Work with the Marketing Manager on

persuading key people to attend the launch.

• Plan and lead the final presentation

ORADEA

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Catering Consultant• Research menus

• Make recommendations about the final

menu• Cost the menu options

• Contribute to team meetings and take part in

final presentation

ORADEA

Cafeteria Project 

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Finance Officer• Complete the costing sheet

• Check that all ideas fall within budget

• Provide details of launch costs usinginformation provided

• Contribute to team meetings and take part in

final presentation• Prepare budget

ORADEA

Team 

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Marketing Executive• Come up with creative ways to promote your

coffee shop on the launch night

• Work with the Project Manager to persuadekey people to attend the launch

• Contribute to team meetings and take part in

final presentation.

ORADEA

Team 

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ORADEA

The Annual Percentage Rate(APR) 

• Interest rate for a whole year (annualized), rather than

 just a monthly fee/rate, as applied on a loan, mortgage

loan, credit card, etc.

APR Time Period

10% 12 months

10% 24 months

10% 36 months

35% 12 months

35% 24 months

35% 36 months

Δ= S (1+ r)² - S

Total Amount x APR = Interest

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ORADEA

Lenders 

Types of money lenders:

A) The Bank

B) The Credit institutionC) The doorstep lender

D) The Credit Card

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Debt

ORADEA

• What is debt?

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Debt

ORADEA

• What is debt?

It’s an obligation owed by one party (the debtor)

to a second party, the creditor; usually this refersto assets granted by the creditor to the debtor.

In modern society, in most cases, of the original sumplus interest. 

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Debt

ORADEA

• Is debt always a bad thing?

Advantages  X  Disadvantages

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Debt

ORADEA

• National issue

Why do you think debt is such an important issue inthe news?

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ORADEA

Budget 

How to manage your pocket money?

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ORADEA

Budget 

•Think about your routine weekly.

How much do you usually spend?

In what? (Incomes / Outcomes)

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Silvia’s Budget 

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ORADEA

Budget 

Do you think Is it possible you reduce your spends?

What about your monthly spends?

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ORADEA

Financial Terms 

1. Bank loan

2. Credit Bureau

3. Doorstep lender

4. Credit card

5. Pawn broker

6. APR

7. Loan insurance

8. Authorized overdraft

9. Credit Institution

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ORADEA

Financial Terms a. Someone who contacts the debtor in delay of payments. Together with the

debtors searches for solutions to repay the debt.b. An organization that provides real, updated and accurate information concerning

natural persons which have taken out loans from banks or finance companies.

c. Loan of money from the bank to be repaid with interest by an agreed date.

d. Licensed companies who visit homes and offer to lend money at high rates of interest.

e. An agreed amount by which your bank account can be overdrawn.

f. Total costs of a loan in a percentage form.

g. A plastic card issued by a bank destined for the facilitation of the payments toretailers (using the credit limit given by the bank) .

h. A company that makes loans to individuals or businesses.

i. Coverage for the repayment of the loan in case you

cannot pay the repayments, for which coverage the

debtor pay a monthly installment.

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Multumesc Mult!!!See you on Closing Event

Thursday at 17:00at Aurel Lazar High School