Introduction: Innovation means something new or something which had not been done before. The same is the case with banking section as well. There are many segments in banks which are transforming and have gone through innovation in recent past. They are no longer restricted to traditional methods. Therefore, to increase the business avenues and […]
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The Economic Indicators are the important signs of economy of any country which indicate the economic growth and country’s outlook in the eyes of foreign investors and businessmen. In this article we will see these indicators in continuation of previous article. Rest of the Economic Indicators: Consumer Price Index (CPI): CPI is a lagging indicator
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Economic indicators are key numbers about the economy of any country that can help you better understand where the economy is headed. These indicators can help investors decide when to buy and sell investments. For example, if the stock market is at its peak, you may want to sell. If the market is low and
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Microfinance Introduction: Microfinance is a type of banking service provided to unemployed or low-income individuals or groups who otherwise would have no other access to financial services and it is also called Micro-credit. The institutions working in the area of microfinance most often provide lending micro-loans which can range from as small as $150 to as
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When you are thinking of opening an account in any bank then it is important to be aware of different types of banks working in the market to serve the purpose which any one looks to get the required service. The Banking industry is having different types of banks who provide loans, leasing, account opening
Banking in Ancient World: The History of Banking begins with the first prototype banks of merchants of the ancient world that made grain loans to farmers and traders carrying goods between cities; recorded as having occurred at about 2000 BC within the areas of Assyria and Babylonia. Later on, in ancient Greece and during the
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Monetary policy is a central bank’s actions and communications that manage the money supply. Central banks use monetary policy to prevent inflation, reduce unemployment, and promote moderate long-term interest rates. Monetary policy achieves price stability by controlling inflation close to its annual and medium-term targets set by the government. At the same time, central bank also
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The financial industry isn’t the easiest one to understand. There are many different factors and sectors to get to grips with, each with their own set of rules and criteria involved. This can make trying to get your head around a financial concept seem like a daunting task, but deepening your understanding of these elements
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In the previous article I have discussed the Financial System and the Transactions through Financial Institutions or banks whereas now it will be discussed that how we can record these transactions. There are several ways to record these transactions where the different ways to record them are given below, Ways to record these transactions: If
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Today we are going to start a series of articles on Economic and Financial systems where the purpose is to discuss and introduce readers to understand these in simple manner and get the insight of every matter which I will discuss for understanding on different topics. The Economic system is running on financial dealings which
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