Banking

Student Name: Jay Carlile Banking and Finance: Chapter 1 The Business of Banking Lesson 1.1 psychological institution to Banking Activities: FGroup Discussion about personalized experiences with entrusts and new(prenominal) financial institutions: What do you know from your receive life? rail musical mode line your response to the forum and thoughtfully respond to three other students. ? What is a commit? A finacial intermediary for the safegaurding, transferring, exchanging, or lend of money. ?Why is banking a unique business? Banks distri furthere the strong fit out of change. Dmedium of deputise an agreed upon system for occlude value of goods and services Dfinancial intermediary a lay out or person that safegaurds, transferers, excahnges, or lends money. ? ternary types of banks: 1) Commercial 2) sell 3) Central Dmerger and bring out examples of recent mergers within the banking industry jointure when one or more banks join or become another b ank or banks. Bank of America and Merril Lynch. ? What power is engine room play in the banking industry? Technology allows us as consumers to rack up our balance, balance our check books or work or price of admission our money at any time. ? What three factors in groundbreaking banking have changed the industry? ATMs/ regardrs/ fresh tease wityh microchips ? In what ship canal is a bank swopable any other business?

In what ways is it contrary? 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 bank. How has technology changed th! e interaction between the bank and the customer? By acquiring money from my checking account, depositing money, or picking up most unthaw candy near the bank tellers . ATMs/ work uprs/smart cards wityh microchips ? Why do governments regulate banks? Theyre relations with other peoples money $$ Banking Math: In international banking, exchange 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, gauge it on our website: OrderCustomPaper.com

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