Monthly Archives: November 2018
World banking systems
In world practice there are the following banking systems:
1) two-level: 1st level – Central Bank, 2nd level – commercial banks;
2) a decentralized banking system of the United States – the US Federal Reserve;
3) centralized state banking system of command economies (USSR and other former and present socialist countries). 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 checks and plastic cards. However, checks and plastic cards only represent non-cash money in bank accounts. By themselves, they cannot perform all the functions of money and therefore are not cash. Continue reading
Banking services people need
The bank chose an evolutionary path of development and this model suits me as a consumer. New products appear, services become more convenient. A few years ago I became the owner of a privileged package of services, with pleasure I use some of its components. Points are accumulated on the bonus account, sometimes I buy something from the assortment of the loyalty program showcase.
To be honest, I can not think of a reason that could motivate me to make a decision on changing the bank. Continue reading
