The financial system is crucial for allocating resources in an economy. It includes banking institutions and non-bank financial intermediaries that facilitate the flow of funds from savers to borrowers. Common deposit products offered by banks include current deposits, savings deposits, fixed deposits, and recurring deposits. Current deposits are payable on demand while savings and fixed deposits have restrictions on withdrawals but offer interest. Recurring deposits require fixed regular installments over a set period.
This describes the Philippine Monetary Policy. This slideshow contains a brief history of the Philippine Monetary System and of the Bangko Sentral ng Pilipinas. This also contains the functions of money and how the BSP uses it to the Philippines' advantage.
central bank is the father of all banks, main regulatory body of the nation which control and regulate all the banks of the country. central bank is the financial advisor to the government.
This ppt defines business finance, become
familiar with the role of business finance and knowing the important consideration of risks in financial decision making.
Know the relationship of business finance in other disciplines particularly accounting.
This describes the Philippine Monetary Policy. This slideshow contains a brief history of the Philippine Monetary System and of the Bangko Sentral ng Pilipinas. This also contains the functions of money and how the BSP uses it to the Philippines' advantage.
central bank is the father of all banks, main regulatory body of the nation which control and regulate all the banks of the country. central bank is the financial advisor to the government.
This ppt defines business finance, become
familiar with the role of business finance and knowing the important consideration of risks in financial decision making.
Know the relationship of business finance in other disciplines particularly accounting.
Central Banking.
My Presentation Report.
THROUGH ITS VARIOUS MONETARY TOOLS
It can regulate the monetary and credit conditions of the country
Increase investments
…production
…employments
…incomes
It can stabilize, together with fiscal policies.
In the Formulation and Implementation of Monetary Policies
CENTRAL BANK requires…
High degree of competence
Integrity
Central Bank must demonstrate an unquestionable independence from any political considerations which affect adversely its functions.
Envisioned primarily to promote economic growth for the welfare of the people.
Not to serve the interests of the elite and those who are in power.
Central Bank may be referred to as a body corporate entrusted with the responsibility of administering the monetary, banking, and credit system of the country with due regard to the availability, use, and cost of money and credit for attainment of a balanced and sustainable growth of the economy, as well as, the maintenance of internal and external monetary stability in the country.
-R.A No. 265, Sec. 1,2, 64 and 67
Before 20th century
There had been a loose and vague of central banking.
Banking institutions that substantially performed the role of central bankers in many banks of the world, referred to as “banks of issue” or “national banks”.
I. About The Bank Of Japan
1. General Information
2. History
3. Organizational Chart
4. The Bank's Officers
5. Regulations of the bank organization
II. Functions of the bank
III. Price stability and monetary policies
1. Price stability
2. Monetary Policies
IV. The activity of the bank- maintain the negative interest rate
V. Japan serious recession due to the impact of the global crisis
VI. References
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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The French Revolution Class 9 Study Material pdf free download
2 banking and financial institution
1.
2. Financial System is like the heart of the
human beings, if its stops working then the
person is dead in the same way that if the
financial system stops working, then the
economy would collapse.
3. It is inherent in every society the law of
supply and demand. There will always be
those who have surplus resources and others
will have deficit. Financial System is crucial tp
the allocation of these resources.
4. Financial System is composed of banking
institutions and nonbank financial
intermediaries, including commercial banks,
specialized government banks, thrift banks
and rural bank.
5. It is also composed of offshore banking units,
building and loan associations, investment
and brokerage houses and financial
companies.
6. 1900Act No. 52 was passed by the First Philippine
Commission placing all banks under the Bureau of
Treasury. The Insular Treasurer was authorized to
supervise and examine banks and banking activities.
February 1929The Bureau of Banking under the
Department of Finance took over the task of banking
supervision.
1939A bill establishing a central bank was drafted
by Secretary of Finance Manuel Roxas and approved
by the Philippine Legislature. However, the bill was
returned by the US government, without action, to the
Commonwealth Government.
7. 1946A joint Philippine-American Finance Commission
was created to study the Philippine currency and
banking system. The Commission recommended the
reform of the monetary system, the formation of a
central bank and the regulation of money and credit.
The charter of the Central Bank of Guatemala was
chosen as the model of the proposed central bank
charter.
August 1947
A Central Bank Council was formed to review the
Commission’s report and prepare the necessary
legislation for implementation.
8. February 1948
President Manuel Roxas submitted to Congress a bill “Establishing the
Central Bank of the Philippines, defining its powers in the administration
of the monetary and banking system, amending pertinent provisions of
the Administrative Code with respect to the currency and the Bureau of
Banking, and for other purposes.
15 June 1948
The bill was signed into law as Republic Act No. 265 (The Central Bank
Act) by President Elpidio Quirino.
3 January 1949
The Central Bank of the Philippines (CBP) was inaugurated and formally
opened with Hon. Miguel Cuaderno, Sr. as the first governor.
The broad policy objectives contained in RA No. 265 guided the CBP in
the implementation of its duties and responsibilities, particularly in
relation to the promotion of economic development in addition to the
maintenance of internal and external monetary stability.
9. November 1972
RA No. 265 was amended by Presidential Decree No. 72 to make the CBP more
responsive to changing economic conditions.
PD No. 72 emphasized the maintenance of domestic and international monetary
stability as the primary objective of the CBP. Moreover, the CBP’s authority was
expanded to include not only the supervision of the banking system but also the
regulation of the entire financial system.
January 1981
Further amendments were made with the issuance of PD No. 1771 to improve and
strengthen the financial system, among which was the increase in the
capitalization of the CBP from P10 million to P10 billion.
1986
Executive Order No. 16 amended the Monetary Board membership to promote
greater harmony and coordination of government monetary and fiscal policies.
3 July 1993
The Bangko Sentral ng Pilipinas (BSP) was established to replace the CBP as the
country’s central monetary authority.
10.
11. Vision
The BSP aims to be a world-class monetary authority
and a catalyst for a globally competitive economy and
financial system that delivers a high quality of life for
all Filipinos.
Mission
BSP is committed to promote and maintain price
stability and provide proactive leadership in bringing
about a strong financial system conducive to a
balanced and sustainable growth of the economy.
Towards this end, it shall conduct sound monetary
policy and effective supervision over financial
institutions under its jurisdiction.
12. Promote an maintain price stability
Promote financial stability through effective
supervision and regulation.
Ensure safety, soundness and efficiency of
the payments and settlements system.
13. Provide an enabling environment that can
address the saving, investing and borrowing
needs of the public
Ensure that the enabling environment
continues to nurture and protect the public’s
inherent rights
Extend financial awareness programs so that
the public is in the best position to make
informed financial choices.
14. Redness
- Fair settlement
Information
-Facts needed to make an informed choice
Choose
-Selecting from consumer a range of products
& services
Education
-Acquire knowledge and skills
16. The new BSP logo is a perfect
round shape in blue that features
three gold stars and a stylized
Philippine eagle rendered in white
strokes. These main elements are
framed on the left side with the
text inscription “Bangko Sentral
ng Pilipinas” underscored by a
gold line drawn in half circle. The
right side remains open,
signifying freedom, openness,
and readiness of the BSP, as
represented by the Philippine
eagle, to soar and fly toward its
goal. Putting all these elements
together is a solid blue
background to signify stability.
17. Principal Element
1. The Philippine Eagle, our national bird, is the
world’s largest eagle and is a symbol of
strength, clear vision and freedom, the
qualities we aspire for as a central bank.
2. The three stars represent the three pillars of
central banking: price stability, stable
banking system, and a safe and reliable
payments system. It may also be interpreted
as a geographical representation of BSP’s
equal concern for the impact of its policies
and programs on all Filipinos, whether they
are in Luzon, Visayas or Mindanao.
18. Colors
1. The blue background signifies stability.
2. The stars are rendered in gold to symbolize
wisdom, wealth, idealism, and high quality.
3. The white color of the eagle and the text for BSP
represents purity, neutrality, and mental clarity.
Font or Type Face
Non-serif, bold for “BANGKO SENTRAL NG PILIPINAS”
to suggest solidity, strength, and stability. The use of
non-serif fonts characterized by clean lines portrays
the no-nonsense professional manner of doing
business at the BSP.
Shape
Round shape to symbolize the continuing and
unending quest to become an excellent monetary
authority committed to improve the quality of life of
Filipinos. This round shape is also evocative of our
coins, the basic units of our currency.
21. Also called as Demand Deposit, can be
withdrawn by the depositor at any time by
cheques. Current accounts do not carry any
interest as the account deposited in these
accounts is payable on demand without
restriction.
22. Meant for individuals who wish to deposit
small amounts out of their current income.
There are restrictions on the withdrawals
from this accounts. Savings account holders
are also allowed to deposit cheques, drafts,
dividend warrants, etc. drawn in their favor
for collection by the bank. To open a savings
account, it is necessary for the depositor to
be introduced by a person having a current or
savings account with the same bank.
23. A deposit repayable after the expiry of
specific period, which is to be determined at
the time of opening of the account, it is also
known as time deposit.
24. Depositor is required to deposit a fixed
amount of money every month for a specific
period of time. Each installment may vary
from Rs. 5/- Rs.500/- or more per month
and the period may vary from 12 months to
10 years. After the completion of the specific
period, the customer gets back all his
deposits along with the cumulative interest
accrued on the deposits.
25. Banks have introduced several deposit
schemes to attract deposits from the different
types of people, like home construction
deposit scheme, sickness benefit deposit
scheme, children gift plan, old age pension,
mini-deposit scheme, etc.
26. Means the unpaid balance of money or its
equivalent received by a bank in the usual
course of business and for which t has given
or is obliged to give credit to commercial,
checking, savings, time or thrift accounts.
27. Means the amount due to any bona fide
depositor for legitimate deposits in an
insured bank net of any obligation of the
depositor to the insured bank as of date of
closure, but not to exceed five hundred
thousand pesos (P 500,000.00 the maximum
deposit.