IN and OUT of Banking
Bank is a financial institution that is legalized by the government. The function is gives the customer services such as saving, loaning some money, credit, further servicing the investors both domestic and foreign who want to invest their stock. Banking has two parts, namely Monetary Authorities (Central Bank), and Depository Credit Inter-mediation. In Indonesia the Central bank is hold by Bank Indonesia (BI) who manages the Nation’s money supply and international reserves, holds reserve Deposits of other domestic banks and the central banks of other countries. And the function of depository Credit Intermediation is provides checking and debit card services, lends money to consumers and businesses through credit cards, car loans, investment loans, and soon.
Bank also provides the customer payment via telegraphic transfer, EFTPOS, and ATM. For the third tool payment is really familiar in our surrounding. It is a slim and small card that previously known as credit card since 1920s in United State.
Banking finance is generally consist of business finance, personal finance and public finance which is include saving and lending money with the concepts of time, money and risk and how they are interrelated. Finance works most basically through individuals and business organizations who are depositing money in a bank. The bank then lends the money out to other individuals or corporations for consumption or investment, and charges interest on the loans
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Tags: ATM, banking, banking finance, Finance News
