Banking

Student Name: Jay Carlile Banking and Finance: Chapter 1 The Business of Banking Lesson 1.1 genial institution to Banking Activities: FGroup Discussion about personalised experiences with entrusts and new(prenominal) financial institutions: What do you know from your receive life? phone line your response to the forum and thoughtfully respond to three other students. ? What is a shore? A finacial intermediary for the safegaurding, transferring, exchanging, or lend of money. ?Why is banking a unique business? Banks distri furthere the strong pillow slip of change. Dmedium of deputise an agreed upon system for breastwork 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 move up 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 technology play in the banking industry? Technology allows us as consumers to wait our balance, balance our check books or work or retrieve our money at any time. ? What three factors in fresh banking have changed the industry? ATMs/ regardrs/ sassy tease wityh microchips ? In what ship canal is a bank wish any other business? In what demeanors is it diverse? 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 the interaction between the bank and the customer? By getting money from my checking account, depositing money, or picking up most unblock candy near the bank tellers . ATMs/ encryptrs/smart cards wityh microchips ? Why do governments regulate banks? Theyre traffic with other peoples money $$ Banking Math: In international banking, vary rates are us ed to compute the value of currencies betwee! n different countries. Locate the current exchange rates for three...If you want to get a full essay, adjudicate it on our website: OrderCustomPaper.com

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