Banking

Student Name: Jay Carlile Banking and Finance: Chapter 1 The Business of Banking Lesson 1.1 kind institution to Banking Activities: FGroup Discussion about individualised experiences with entrusts and new(prenominal) financial institutions: What do you know from your receive life? confide line your response to the forum and thoughtfully respond to three other than students. ? What is a bank? A finacial intermediary for the safegaurding, transferring, exchanging, or loan of money. ?Why is banking a unique business? Banks distri furthere the strong caseful of change. Dmedium of deputise an agreed upon system for chuck out value of goods and services Dfinancial intermediary a lay out or person that safegaurds, transferers, excahnges, or lends money. ? triple types of banks: 1) Commercial 2) sell 3) Central Dmerger and convey examples of recent mergers within the banking industry jointure when one or more banks join or become another bank or banks. Ban k of America and Merril Lynch. ? What power is applied science playacting in the banking industry? Technology allows us as consumers to strike out our balance, balance our check books or work or annoy our money at any time. ? What three factors in novel banking have changed the industry? ATMs/ regardrs/ shining cards wityh microchips ? In what ship canal is a bank ilk any other business?

In what right smarts is it opposite? Its out to earn a profit, but the way it earns profit is soley through a service or transferring loaning, electroshock therapy of money. ? Name three ways you interact with you r own bank. How has technology changed the i! nteraction between the bank and the customer? By acquiring money from my checking account, depositing money, or picking up most relax candy near the bank tellers . ATMs/ elaboraters/smart cards wityh microchips ? Why do governments regulate banks? Theyre transaction with other peoples money $$ Banking Math: In international banking, turn 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, check out it on our website: OrderCustomPaper.com

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