Banking systems

Unit 23

Vocabulary 1 vary=differ substantially=greatly=

significantly during present century tendency develop (v.) development (n.) wide=broad network be centred upon sth. chief=main, major establish

v. group (sth. around sth.) quite=fairly=rather be referred to sth=be

named IN general own (adj.) own (v.) however different=no

matter how different form (v.) appear=seem IN the same way the same habit

Vocabulary 2 adopt an attitude to/towards sbd. react TO sth. climate principle therefore=thus=for that

reason world-wide validity fall into sth.=be divided

into sth commercial bank

intermediary iN effect=in essence mediate secure (v.) save (money) lend sth. TO sbd. borrow sth. FROM sbd. use (n.) use (v.) for the purpose of sth. = for

the aim od sth. particularly=specifically immediately=momentously current

Vocabulary 3 receipt (usu. receipts= a

quantity or amount received)

an intention of doing sth. beyond the range of sth=

out of the limits of sth