Modern Russians have long appreciated all the delights of loans that can be taken at any time, in virtually any amount, for any time frame and with minimal interest rates. You can buy immediately and anything, depending on the desires. The money, naturally, will have to be given later, including a small percentage. Without interest there is no sense of crediting, and therefore it is an integral part of any loan. But these are everyday, well-known realities, and we would like to tell you about the most incredible stories about lending, for example, in ancient Egypt, for example, a special form of a loan agreement was distributed. Continue reading
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
In the conditions of transition of the economy to market relations and the development of the banking system, the development and improvement of currency operations of commercial banks is of particular importance.
It should be noted that in the world economy there is a constant overflow of money capital, where the core of financial flows is the sphere of material production and the direction of these flows is primarily affected by the state of the economy, mutual liberalization of trade between countries, etc. Continue reading