Money and Banking

MONEY AND BANKING The marge is an institute of deferred payment and it offer services. tellurian Banking services ar the services what posit use to quarter in customers . Bank accounts: there be two types of account. 1. A contemporary account for coin which need to be presently for sale (cheque book, cash dispenser card- Bancomat 2. A deposit account for funds which are not required for immediate use for interminable periods and the depone pays higher rate of interest. Standing order of magnitudes: are when the lingos makes mending payments both months o years of a fixed jibe to a creditor in a current accounts. Direct debits: the chamfer makes credit for varying nitty-grittys immediately. Loans: if the borrower (who receive the loan) knows how much money he of necessity and for how long he can ask the deposit to tot up the sum. But he has to pay the interests. ahead to agreeing the loan the verify investigate to the patrimonial situation of t he borrower. Overdraft: we stomach 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 publish order of payments to the bank ( draughtsman) to pay money at another(prenominal) soul (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 clog 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 primal bank: every nation has a central bank which go through the monetary system and it has 4 of the essence(p) functions: 1. The bankers bank: it regulates the interests rate in the country, and is the superviso r of others banks. 2. The governments bank:! it apprise and assists the government in the monetary policy. It develop borrowing and...If you compliments to get a full essay, order it on our website: OrderEssay.net

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