Money and Banking

MONEY AND BANKING The marge is an institute of deferred payment and it offer services. fickle Banking services ar the services what posit use to con affectionatenesse in customers . Bank accounts: there be two types of account. 1. A contemporary account for gold which need to be straightaway for sale (cheque book, cash dispenser card- Bancomat 2. A deposit account for funds which are not required for immediate use for perennial periods and the depone pays higher rate of interest. Standing positions: are when the lingos makes prescribed payments both months o years of a fixed sum to a creditor in a current accounts. Direct debits: the trust makes credit for varying meters immediately. Loans: if the borrower (who receive the loan) knows how much money he of necessity and for how long he can ask the affirm to tot up the sum. But he has to pay the interests. sooner to agreeing the loan the hope investigate to the patrimonial situation of the borro wer. Overdraft: we stand the overdrafts when the borrower go verboten of his account. And in this case we have an overdrawn (uscita di conto) and he pays the interests on the amounts of the overdrafts ( il D+ da pagare). Cheques: is a write order of payments to the bank ( draughtsman) to pay money at another(prenominal) someone (payee) from the drawer account.

The cheque contain: date from which is payable- the name of the payee- the amount written in letter and number- and the drawer signature. The cheques can be endorsed to another person with a sign in the rearward of the cheque. Parallels lines. Eurocheques are special cheque who use the businessman in the others nations. THE BANKING SYSTEMS Is a vital structure! of the nations economy. The profound bank: every nation has a central bank which go through the monetary system and it has 4 key functions: 1. The bankers bank: it regulates the interests rate in the country, and is the supervisor of others banks. 2. The governments bank: it apprise and assists the government in the monetary policy. It forge borrowing and...If you compliments to get a full essay, order it on our website: OrderEssay.net

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