PPT-Money and banking The History of Banking

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. 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, . 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. 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 . &. 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.. 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 (. 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. 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.. of regulating the money supply in order to meet changes in money demand without creating bubbles The most interesting aspect of this literature is the idea that monetary systems are evolutionary and i Tim . Slaybaugh. Cyber Incident Analyst. “. Vawtrak. is one of the most dangerous pieces of financial stealing malware detected…”. - . Heimdal. Security. Neverquest. Aka. . Vawtrak. or . Kumar. Banking Business. Section 6 of the Banking Regulation Act, 1949. (. i. )Business of banking is the major business of the Banking company.. (ii) Borrowing of money, lending of money, with or without security, dealing with Bill of Exchange, . Chapter 10. Section 1. Money. is . anything that serves as a medium of exchange, a unit of account . and . a store of value. What is Money?. 1) . Medium . of exchange. - anything that is used to determine value during the exchange of goods and . Pramod. Kumar. Safe in the temple: 18th century BC. In early civilizations a temple is considered the safest place; . It is a solid building, constantly attended, with a sacred character which itself may deter thieves.. Dive into the world of money and banking with this comprehensive guide. Learn about fundamental concepts, common questions, and how money shapes the economy. Virupannavar. Assistant Professor. KLE Society’s . Law,Bengaluru. . Evolution of banking institutions. . “. bancus. ” or “. banque. ” which means bench.. Early bankers, the Jews transacted their business on...