PPT-Banking Services and Types of Money

Lets look at some of the services offered by banks Savings Account Pays interest has no maturity date and from which funds can be withdrawn at any time without penalty Checking Account. 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, . Materials Needed. Story 9-1 “Banking Services”. You will….. Review your own needs for banking . sevices. Research local financial institutions to find the services available that could meet your needs. 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. WWB GHANA’S . EXPERIENCE. OUR DEFINITION OF BRANCHLESS BANKING. Use of information technology to deliver financial services to low income people beyond traditional banking channels and using field staff and retail agents.. By: Nathan . Arey. , Jacob Smith, James Hansen, and Collin . Deathrige. Mission Statement . “We put our money where our mouth is, and so should you!” . Main Goals and Objectives:. To protect our customers money. . Chapter . 20. The Money Supply . and Banking . Systems. Copyright © 2017, . 2015, 2013 Pearson . Education, Inc. All Rights . Reserved. Learning Objectives . (1 of 2). 20.1 . List the four financial functions of money, and define two key measures of the money supply.. &. 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.. OF BANKING. 1.1. Introduction to Banking. 1.2 . Role of Banks in the Economy. 1.3 . How the Banking System Works. 1.4 . Other Financial Institutions. 1. Slide. . 2. Lesson 1.1. INTRODUCTION. TO BANKING. 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. 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.. Prof. . Alok. Kumar . Goyal. Department of Economics. Deen. . Dayal. . Upadhyay. Gorakhpur University. Functions of Money. . 1. Primary Function. 2. Secondary or Derived Function. 3. Contingent Function. Dive into the world of money and banking with this comprehensive guide. Learn about fundamental concepts, common questions, and how money shapes the economy.