Banking

Student Name: Jay Carlile Banking and Finance: Chapter 1 The Business of Banking Lesson 1.1 psychical institution to Banking Activities: FGroup Discussion about ain experiences with entrusts and new(prenominal) financial institutions: What do you know from your receive life? pip your response to the forum and thoughtfully respond to three other than students. ? What is a savings bank? A finacial intermediary for the safegaurding, transferring, exchanging, or lending of money. ?Why is banking a unique business? Banks distri furthere the strong correspond of change. Dmedium of deputise an agreed upon system for close up value of goods and services Dfinancial intermediary a lay out or person that safegaurds, transferers, excahnges, or lends money. ? tether types of banks: 1) Commercial 2) sell 3) Central Dmerger and go steady examples of recent mergers within the banking industry jointure when one or more banks join or become another bank or banks. Ba nk of America and Merril Lynch. ? What power is engine room play in the banking industry? Technology allows us as consumers to assure our balance, balance our check books or work or nark our money at any time. ? What three factors in advanced banking have changed the industry? ATMs/ regardrs/ refreshed cards wityh microchips ? In what ship canal is a bank uniform any other business?

In what expressive styles is it various? Its out to earn a profit, but the way it earns profit is soley through a service or transferring loaning, electroshock of money. ? Name three ways you interact with your own ban k. How has technology changed the interactio! n between the bank and the customer? By acquiring money from my checking account, depositing money, or picking up most unaffixed candy near the bank tellers . ATMs/ workrs/smart cards wityh microchips ? Why do governments regulate banks? Theyre dealings with other peoples money $$ Banking Math: In international banking, substitution rates are used to compute the value of currencies between different countries. Locate the current exchange rates for three...If you want to get a full essay, allege it on our website: OrderCustomPaper.com

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