Commercial Bank
Credit organizations are divided into banks and non-bank credit organizations. The latter can only perform individual banking transactions. A commercial bank is an organization created primarily for the accumulation of…

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7 countries for offshore banking, which should avoid Russian-speaking immigrants from the United States
There may be a false opinion that once you are Russian, Ukrainian, Belarusian, or a representative of any other Russian-speaking country, by becoming an American you can still enjoy the…

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Theoretical aspects of cash and settlement services for individuals and legal entities

The banking system is a combination of credit institutions and various types of national banks operating through a monetary mechanism.
Commercial banks are banks, service organizations, as well as their customers.
Commercial banks, and in particular, Sberbank of Russia, plays an important role in implementing the policy of the Central Bank of the Russian Federation, ensuring compliance with the amount of cash in circulation, managing inflation, the ruble exchange rate, maintaining stability of monetary circulation in the country, the level of employment, and maintaining normal economic growth.  Continue reading

Types of money
Money currently exists in the form of cash and non-cash money. Cash exists in the form of coins, banknotes (credit money, bank notes) and treasury notes. Sometimes cash also includes…

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