Money and banking The History of Banking - Description
1791 The First Bank of the US was established to hold the governments help the government to tax regulate commerce and issue a single currency 1861 The Second Bank of the US was established to restore stability and order to the monetary system ID: 626551 Download Presentation
LESSON 1 REVIEW QUESTIONS. 1. . WHAT IS THE MAIN THING INVESTMENT BANKS DO?. 2. . WHAT ARE THE 7 MAJOR FUNCTIONS OF INVESTMENT BANKS?. 3. WHAT ARE THE 3 AREAS OF EMPLOYMENT – JOB FUNCTIONS?. LESSON 1 INTRODUCTION REVIEW (.
When the US was first established it had no reliable banking . system. The history of money in the . US was . closely tied to the development of the nation’s banking . system. Instability in the banking system has contributed to business .
The 1st Bank. Conflicting viewpoints: Hamilton (Sec. of the Treasury) vs. Jefferson. central bank vs. a decentralized banking system. Congress est. the First Bank of the U.S. in 1791, and grants it a 20 year charter.
Objectives. Understand the applications of ICT in banking, including . Electronic Funds Transfer . (. EFT. ). , . ATMs for cash withdrawals and bill paying. credit. /. debit cards, . cheque clearing, .
&. Origins of . Central . Banking. Dr. D. Foster – ECO 473 – Money & Banking. Free Banking & Inflation. No government control.. No government regulation.. Entry and exit is free.. Subject only to legal requirement to pay off debts..
A . product structure to consider.. Khalfan. . Abdallah. -MBA, AFIIBI, CIFE.. Manager Product Development and Shari’ah Compliance –Gulf African Bank. . Main Points.. . Mobile Banking and Mobile Money-An Outlook..
Understanding Money, Banking, and Credit . 18 | . 1. Learning Objectives. Identify the functions and characteristics . of money. Summarize how the Federal Reserve System regulates the money supply in order to maintain a healthy economy.
1791: The First Bank of the US was established to hold the government’s $$, help the government to tax, regulate commerce, and issue a single currency. 1861: The Second Bank of the US was established to restore stability and order to the monetary system..
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Money and banking The History of Banking
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