Banking

Student Name: Jay Carlile Banking and Finance: Chapter 1 The Business of Banking Lesson 1.1 affable institution to Banking Activities: FGroup Discussion about ain experiences with entrusts and new(prenominal) financial institutions: What do you know from your receive life? mooring your response to the forum and thoughtfully respond to three other students. ? What is a verify? A finacial intermediary for the safegaurding, transferring, exchanging, or loaning of money. ?Why is banking a unique business? Banks distri furthere the strong example of change. Dmedium of deputise an agreed upon system for meter value of goods and services Dfinancial intermediary a lay out or person that safegaurds, transferers, excahnges, or lends money. ? collar types of banks: 1) Commercial 2) sell 3) Central Dmerger and sustain examples of recent mergers within the banking industry jointure when one or more banks join or become another bank or banks. Bank of America and Merril Lynch. ? What power is applied science vie in the banking industry? Technology allows us as consumers to run into our balance, balance our check books or work or entree our money at any time. ? What three factors in sophisticated banking have changed the industry? ATMs/ regardrs/ promising card game wityh microchips ? In what ship canal is a bank homogeneous any other business?

In what direlectroconvulsive therapyions is it different? Its out to earn a profit, but the way it earns profit is soley through a service or transferring loaning, ect 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 acquire money from my checking account, depositing money, or picking up most broad candy near the bank tellers . ATMs/ opiners/smart cards wityh microchips ? Why do governments regulate banks? Theyre dealings with other peoples money $$ Banking Math: In international banking, flip 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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