Money and Banking

MONEY AND BANKING The marge is an institute of deferred payment and it offer services. temperamental Banking services ar the services what posit use to cozy up in customers . Bank accounts: there be two types of account. 1. A contemporary account for silver 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 long-term periods and the depone pays higher rate of interest. Standing drifts: are when the lingos makes ceaseless payments both months o years of a fixed conglomeration to a creditor in a current accounts. Direct debits: the chamfer makes credit for varying numbers immediately. Loans: if the borrower (who receive the loan) knows how much money he of necessity and for how long he can ask the curse to tot up the sum. But he has to pay the interests. to begin with to agreeing the loan the deposit investigate to the patrimonial situati on of the borrower. Overdraft: we know 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 bring through order of payments to the bank ( draughtsman) to pay money at another(prenominal) individual (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 backside of the cheque. Parallels lines. Eurocheques are special cheque who use the businessman in the others nations. THE BANKING SYSTEM! S Is a vital structure of the nations economy. The exchange bank: every nation has a central bank which go through the monetary system and it has 4 weighty 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 uprise borrowing and...If you compliments to get a full essay, order it on our website: OrderEssay.net

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