banking systems
Deposit operations
According to the economic content of the deposit can be divided into groups:
– demand deposits;
– term deposits;
– savings deposits.
Deposits can also be classified according to other criteria: according to terms, types of depositors, terms of depositing and withdrawing funds, interest paid, etc. Continue reading
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
