The Basics of Banks
Nowadays, having money in the bank has become an absolute necessity. All we know is that we just need to deposit money there to secure it and withdraw it later. But how does this institution actually work? This section will provide you with the useful facts you should be aware of. What is a bank ? Unlike most people believe, the bank does not own the money that it will credit to your account. In fact, it creates them by creating, for example, goods or services that have the value of the amount to be credited to your account. Therefore, a bank is indeed a company that has the power to put money into circulation. However, the latter will not forget that you will have to pay back the money that has been credited to your account, you have to pay it back with the consequent interest. Moreover...
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Some General Information About the World of Finance
The term finance is very broad and includes a number of mechanisms that consist of providing money to carry out an economic operation. Thus, it has taken a significant importance in the functioning of the economy and financial crises have severe consequences on global growth and unemployment. Let's learn more about this world. The Financial System The term financial system refers to an informal organization of financial markets. It is the set of entities that play a role in connection with bank credit and stock markets, including financial institutions. The transparency of this system is...
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Some General Information About the World of Finance
The term finance is very broad and includes a number of mechanisms that consist of providing money to carry out an economic operation. Thus, it has taken a significant importance in the functioning of the economy and financial crises have severe consequences on global growth and unemployment. Let's learn more about this world. The Financial System The term financial system refers to an informal organization of financial markets. It is the set of entities that play a role in connection with bank credit and stock markets, including financial institutions. The transparency of this system is...
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The Basics of Banks
Nowadays, having money in the bank has become an absolute necessity. All we know is that we just need to deposit money there to secure it and withdraw it later. But how does this institution actually work? This section will provide you with the useful facts you should be aware of. What is a bank ? Unlike most people believe, the bank does not own the money that it will credit to your account. In fact, it creates them by creating, for example, goods or services that have the value of the amount to be credited to your account. Therefore, a bank is indeed a company that has the power to put...
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The Basics of Banks
Nowadays, having money in the bank has become an absolute necessity. All we know is that we just need to deposit money there to secure it and withdraw it later. But how does this institution actually work? This section will provide you with the useful facts you should be aware of. What is a bank ? Unlike most people believe, the bank does not own the money that it will credit to your account. In fact, it creates them by creating, for example, goods or services that have the value of the amount to be credited to your account. Therefore, a bank is indeed a company that has the power to put...
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