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Ch. 10: Money and Banking

Ch. 10: Money and Banking. Section 1: Money. Money is a medium of exchange for resources. Three Uses of Money. Money serves three purposes: Medium of exchange Unit of account Store of value. Medium of Exchange. Anything that is used to determine value in exchanging goods. Unit of Account.

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Everything You Need To Know About Branchless Banking

Branchless banking has revolutionized the way we look at banking today. Through merging Information Communication Technology (ICT) and Business Process Re-engineering (BPR), we are no longer limited to avail banking facilities in their brick-and-mortar site, but can do so in the comfort of our homes, the nearby shops, etc. This shift in the way we fulfill our financial needs evolved from our generationu2019s hard-pressed routines and our lack of time and energy to spend on redundant tasks, such as paying utility bills, depositing or withdrawing cash, etc.

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Banking Today

Banking Today. Measuring Money Supply. All the available in the U.S. M1 Liquid Money (Easy Access) 44%= Currency, money not in an account 55%= Checking Accounts M2 M1 + Near Money (Interest Bearing) Exp. Savings Accounts, CD, Money Market. Banking Services. Storing Money

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392 views • 8 slides

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Banking today - PowerPoint PPT Presentation

Ch. 10: Money and Banking

Everything You Need To Know About Branchless Banking

Banking Today