Page 43 - OPIC-Begin
P. 43
Answer 2:
More people in South Korea are doing online banking. According to some sources, a daily
average of 26.9 million fund transfers, balance inquiries and loan applications were done online
from April to June 2009. This amounted to $22.78 billion. During the first half of 2009, a total of 20
banks and financial institutions provide online banking service to 55.5 million customers.
Points to emphasize in answering:
Try to start with a brief update about this banking system in South Korea.
Example: More people in South Korea are doing online banking.
Provide facts and figures to support your answer.
Example: According to some sources, a daily average of 26.9 million fund
transfers, balance inquiries and loan applications were performed online from April
to June 2009.
average - a typical or common amount
fund transfer - the exchange or movement of funds from one account to another using electronic means
loan - something lent on the condition of being returned
balance inquiry - checking the amount of money in one’s account
financial institution - refers to banks and other body that performs financial services
35
