Banks
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Banks are financial institutions where consumers deposit money and obtain services like savings accounts, loans, checking accounts, safe deposit boxes, investment planning, debit/credit cards, online banking, and electronic payments. Banks accept deposits from consumers, transfer money between accounts, and create money through interest-bearing loans. Common types of deposits are demand deposits like checking accounts and time deposits such as savings accounts.
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This document discusses various topics related to money and banking, including:
1. The definition and functions of money as a medium of exchange. It also discusses the evolution of different forms of money from bartering to coins to paper currency.
2. The qualities and characteristics that make for good forms of money, including acceptability, portability, divisibility, and stability in value.
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The presentation gives an outlook of various deposit accounts and banking services. The presentation also gives an overview of the basic functions performed by the banks and the provision of their services.
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Deposit facilities and banking services provide various options for customers to deposit and manage their money. Common deposit accounts include savings accounts, current accounts, fixed deposits, and recurring deposits. These accounts have different eligibility criteria, interest rates, and withdrawal restrictions. In addition to accepting deposits, banks offer numerous services like loans, credit/debit cards, money transfers, online/mobile banking, and wealth management for high-net-worth individuals. Regulations aim to ensure banks' stability while allowing them to perform important financial intermediation functions in the economy.
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Banks provide safety, security, and convenience for managing money through services like savings and chequing accounts. Savings accounts earn interest and are best for storing money not needed immediately, while chequing accounts are suited to daily expenses with features like writing cheques. Combination accounts blend savings and chequing benefits. Banking terminology defines important concepts like accounts, interest, joint accounts, mortgages, and account types that help manage personal finances.
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SB (savings bank) accounts encourage individuals to save money by keeping their deposits safe in the bank and earning moderate interest. An SB account can be opened by a single individual over age 10 or jointly by multiple individuals, requiring a minimum deposit of Rs. 1000 to open. Account holders can deposit and withdraw money using methods like pay-in slips, withdrawal forms, cheques, debit/credit cards, and ATMs.
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This document discusses various topics related to money and banking, including:
1. The definition and functions of money as a medium of exchange. It also discusses the evolution of different forms of money from bartering to coins to paper currency.
2. The qualities and characteristics that make for good forms of money, including acceptability, portability, divisibility, and stability in value.
3. The different types of banks like commercial banks, central banks, and savings banks. It also discusses bank accounts, checks, deposits, withdrawals and other banking services and processes.
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Deposit facilities and banking services provide various options for customers to deposit and manage their money. Common deposit accounts include savings accounts, current accounts, fixed deposits, and recurring deposits. These accounts have different eligibility criteria, interest rates, and withdrawal restrictions. In addition to accepting deposits, banks offer numerous services like loans, credit/debit cards, money transfers, online/mobile banking, and wealth management for high-net-worth individuals. Regulations aim to ensure banks' stability while allowing them to perform important financial intermediation functions in the economy.
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Banks provide safety, security, and convenience for managing money through services like savings and chequing accounts. Savings accounts earn interest and are best for storing money not needed immediately, while chequing accounts are suited to daily expenses with features like writing cheques. Combination accounts blend savings and chequing benefits. Banking terminology defines important concepts like accounts, interest, joint accounts, mortgages, and account types that help manage personal finances.
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SB (savings bank) accounts encourage individuals to save money by keeping their deposits safe in the bank and earning moderate interest. An SB account can be opened by a single individual over age 10 or jointly by multiple individuals, requiring a minimum deposit of Rs. 1000 to open. Account holders can deposit and withdraw money using methods like pay-in slips, withdrawal forms, cheques, debit/credit cards, and ATMs.
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The document summarizes the roles and functions of central banks and commercial banks. Central banks serve as the national bank that provides financial services to the government and regulates the commercial banking system. They act as the regulator of currency, banker and fiscal agent to the government, custodian of commercial bank reserves, manager of foreign exchange reserves, and lender of last resort. Commercial banks accept deposits from the public, provide loans, and perform secondary functions like overdraft facilities, bill discounting, and various agency services.
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Bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets.
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This document provides an overview of financial markets in India. It discusses that financial markets are a government recognized system where trading of financial instruments occurs between many buyers and sellers. The key participants are exchanges like BSE and NSE, brokers/agents, investors and regulators. The main segments are equity markets, equity derivatives and currency derivatives. It also describes the stock exchanges in India, trading mechanisms, different types of trading like intraday and delivery, and the trading platforms available like online and offline.
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National banks operate within a single country, while international banks provide banking services across borders. Some key differences are that international banks can process payments through telegraphic transfer and provide services like letters of credit internationally. They also provide consultancy on cross-border financing and cash management. International banks allow customers to bank in different currencies and avoid risks of local economic issues like inflation by keeping wealth offshore. However, offshore banking is also associated with money laundering and tax evasion.
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The document outlines specifications for a bank management system that allows customers to create and manage bank accounts. It includes sections on team members, aims, problem description, requirements, module descriptions, entity relationship diagrams, outputs, conclusions, and screenshots. The system provides customers access to create accounts, deposit/withdraw funds, and view reports. It was developed to meet banking needs and allow additional functionality beyond conventional systems.
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AGUILA, Don George Kinsee M.
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International trade involves the exchange of goods and services between countries. It provides benefits like job creation, increased consumption, and economic growth. However, it also faces problems from trade barriers like tariffs and quotas imposed by governments. International organizations like the World Trade Organization seek to reduce trade barriers and help resolve trade disputes between nations to further global trade.
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Nov12 presentation
The document discusses how governments intervene in business activities to achieve economic objectives like job creation and raising living standards. It explains that governments use various policy instruments like public expenditure, taxation, interest rates, and laws/regulations to influence business decisions and outcomes. Specifically, it provides examples of how adjusting these different policy levers can encourage investment and growth in strategic industries like green technology.
Nov5 presentation
The document discusses how governments use economic policies to influence business decisions and achieve four main objectives: low inflation, high employment, economic growth, and a favorable balance of international trade. It explains each objective and why it is important for a strong economy and thriving businesses. Government tools like interest rates, taxes, and spending are policy instruments used to impact inflation, employment, growth, and trade balances.
Atm
This document provides information about using automated teller machines (ATMs). It explains that ATMs allow users to access banking services like deposits, withdrawals, and balance checks 24/7 using their ATM card and personal identification number (PIN). Key benefits are easy access to cash and banking without visiting a physical bank branch. The document outlines proper ATM safety procedures like keeping PINs secret and not displaying cash at the machine. It also notes there may be fees for using non-proprietary ATMs not owned by the user's bank.
econ
Banks allow customers to deposit money for safekeeping. The bank then lends this money to others and earns interest, using more money than they hold in deposits. Banks play a critical economic role by channeling deposits into loans that fund homes, businesses, and more. While regulated, banks face risk if all customers withdraw funds at once, though deposits up to $100,000 are insured. Banks earn money through interest on loans and fees, investing deposits to generate returns.
G9 10 centralbanks
The central bank is the head of a country's banking system and maintains stability of the national currency and money supply. It issues currency, manages government payments and debt, regulates banks, and acts as the lender of last resort. Central banks also manage foreign reserves and implement monetary policy to influence a nation's economy. Some examples of independent central banks are the US Federal Reserve, Bank of England, and European Central Bank.
G9 10 bank-services
Services banks offer include deposit accounts like checking and savings accounts, as well as loans like overdrafts, personal loans, commercial loans, and mortgages. Banks also facilitate various payment methods for customers such as cash, direct debit, checks, debit cards, and credit cards.
G910 econ
The document defines key stock market terms like stocks, shareholders, and market capitalization. It explains that stocks are shares in a company that shareholders buy to invest in hopes the stock price will rise over time. Shareholders are entitled to dividends from company profits. Major stock exchanges where people can buy and sell stocks include the New York Stock Exchange and NASDAQ. The stock exchange brings together buyers and sellers and provides price information.
Stock market cont
Stock exchanges allow brokers to buy and sell shares on behalf of investors. Trading can be business-to-business between large brokers or business-to-consumer for individual investors. Brokers charge a commission to buy and sell shares from market makers who create liquidity. Share price indices track the average price of shares in companies to monitor market performance. Speculators hope to profit from rising or falling share prices by buying and selling.
G8_presentation
The document discusses the key economic objectives of most governments: low and stable inflation, high employment, economic growth, and a favorable balance of international trade. It explains how each objective benefits businesses and the overall economy, and describes the policy tools governments use to influence economic outcomes like interest rates, taxes, and public spending.
G7 econs oct
The document discusses counterfeit money and how to identify it. It explains that the European Central Bank decides when and how much euro banknotes to print, while national authorities print the notes and mint coins. It then provides details on security features of real money like paper quality, microfibers, sharp images, and holograms that counterfeiters have difficulty replicating. The document recommends inspecting bills under light and ensuring uniform size and features between same denomination bills. It notes the penalty for counterfeiting is at least 8 years in prison and that possessing or returning counterfeit money is also illegal.
G6 econs oct
The document discusses how to identify counterfeit money. It explains that the European Central Bank decides when and how much euro banknotes to print, while national authorities print the notes and mint coins. It provides details on security features of real euro banknotes like paper quality, microfibers, clear images, and holograms. The document also notes that visual inspection and ultraviolet detection can help identify counterfeits, and that passing or not reporting counterfeits carries penalties like prison time or fines.
G9 10 econs_sept_cont2
The document discusses different types of financial institutions in the money market. It describes banks as the main type that act as intermediaries by accepting deposits and using those funds to make loans. It also discusses credit unions, mutual societies, investment banks, and Islamic banks. Commercial banks provide a range of services to both small businesses and individuals, while investment banks specialize in helping large companies raise financing.
G8 econs sept
The document discusses business activity and how firms operate within an economy. It describes how firms combine resources to produce goods and services, either to make a profit or meet needs in a non-profit manner. Industries are grouped into three sectors - primary extracts resources, secondary processes them, and tertiary provides services. A country's industrial structure depends on the relative size of these sectors. The size of individual firms can be measured by number of employees, capital employed, output levels, and market share within an industry.
G9 10 econs_sept
Money has evolved over time from bartering to become tokens like coins and bills that serve important economic functions. As societies developed specialization of labor, a medium of exchange was needed beyond bartering due to problems with finding trading partners who both wanted the goods being exchanged. Various materials have been used as money throughout history due to desirable properties like durability, portability, and scarcity which promote widespread acceptance and allow for saving.
G7 econs sept
Before money was invented, people used a bartering system to exchange goods and services. Early forms of money included cowry shells in Africa, salt in Rome, and gold and silver jewelry for the Egyptians and Celts. The first coins were minted around 600 BC in Lydia and made from electrum, an alloy of gold and silver. Representative money, backed by gold or silver, was used until the early 20th century when most currencies became fiat money, which is not backed by precious metals but is accepted due to government decree. Electronic money is now commonly used with both advantages like convenience but also disadvantages regarding security.
G6 econs sept
Before money was invented, people used a bartering system to exchange goods and services. Early forms of money included cowry shells in Africa, salt in Rome, and gold and silver jewelry for the Egyptians and Celts. The first coins were minted around 600 BC in Lydia and made from electrum, an alloy of gold and silver. Representative money, backed by gold or silver, was used until the early 20th century when most currencies became fiat money, which is not backed by precious metals but is accepted due to government decree. Electronic money is now commonly used with both advantages like convenience but also disadvantages regarding security.
More from itay1202 (16)
Banks
- 1. BANKS
- 2. How Banks Work Any type of financial institution where you may deposit money. Consumers look to banks as secure places to save money, obtain credit (borrow money), and withdraw cash.
- 3. What is Interest? Interest – a fee paid for the opportunity to use someone else’s money over a period of time. E.g. you borrowed 1,000 euro at an interest of 1%. At the end of the year, you pay the bank 1,010 euro. 10 euro is the interest you pay to the bank for borrowing money. Can it be good or bad?
- 4. What do Banks Offer? Savings account Loans Checking accounts Safe deposit boxes Investment and financial planning
- 5. What do Banks Offer? Cards services – debit and credit cards Online banking Electronic payment
- 6. 3 Functions of Banks Accept money Transfer Money Create Money
- 7. Types of Deposits – Demand deposit – checking account – Time deposit – savings account