Money and Banking

MONEY AND BANKING The marge is an institute of deferred payment and it offer services. roving Banking services ar the services what posit use to get in customers . Bank accounts: there be two types of account. 1. A contemporary account for cash in hand which need to be this instant for sale (cheque book, cash dispenser card- Bancomat 2. A deposit account for funds which are not required for immediate use for daylong periods and the depone pays higher rate of interest. Standing methodicalnesss: are when the lingos makes invariable payments both months o years of a fixed fit to a creditor in a current accounts. Direct debits: the avow makes credit for varying enumerates immediately. Loans: if the borrower (who receive the loan) knows how much money he of necessity and for how long he can ask the pious platitude to tot up the sum. But he has to pay the interests. before to agreeing the loan the coast investigate to the patrimonial situation of t he borrower. Overdraft: we hurl 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) person (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 corroborate of the cheque. Parallels lines. Eurocheques are special cheque who use the businessman in t! he others nations. THE BANKING SYSTEMS Is a vital structure of the nations economy. The aboriginal bank: every nation has a central bank which go through the monetary system and it has 4 authorized 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 arrange borrowing and...If you compliments to get a full essay, order it on our website: BestEssayCheap.com

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