Deutsche Bank leaves Latvia
Recently, Deutsche Bank has received several heavy blows to its reputation and pocket. He was accused of helping with money laundering, fraud and tax evasion. And then they wrote out…

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Swiss accounts: how to open a Swiss bank account?
Swiss accounts are recognized as one of the most reliable and respected in the world. The richest and most famous people of the world keep their money in Switzerland. However,…

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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

Bill circulation in the bank

Bill circulation exists in the economic life of various countries for several centuries. During this time, considerable experience has been gained in the use of bills of exchange; there are various versions of these securities.
None of the instruments of the financial market, except, of course, the money itself, in all the numerous manifestations of their economic functions, can be compared in its history and value with a bill. It was the development of circulation of bills of exchange that depreciated all cash payments: the displacement of metals – gold and silver from money circulation, the replacement of exchange circulation equivalents with paper symbols. Continue reading

Brokerage operations of banks in their accounting
The securities market is similar to the market of any other commodity, but it also has its own characteristics, which are determined by the specifics of the commodity, the method…

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