Wednesday, March 9, 2011

BANKING AND MONEY

BANKING AND MONEY

  The Bank is closely related to the flow of money into and about the economy. Often working with the government in the effort to stabilize the economy and to prevent inflation. They specialize in the business is in providing capital, and in allot funds to the credit. The Bank started as a place to which people take their valuable to be trusted, but now the world's major banks has many functions in addition to acting as guardians of valuable personal property.

  Banks normally receive money from their customers in two formats areas: the current account, and deposit account. So now a customer can issue a personal check. No interest paid by banks on account of this type. With a deposit account, however, customers do to leave her money. Banks in turn lend money to customers who require a deposit of capital. It's got flowers for the bank, and interest is almost always at a level higher than the rates of any bank that pays interest to its depositors. In this way the bank makes its main profits.

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