Different Types of Banks and Their Roles in the Financial System
Explore the world of banking with insights into various types of banks such as commercial banks, investment banks, central banks, savings and loans, and development banks. Learn about their functions, services, and significance in the global financial landscape. Discover the diverse roles these banks play in managing economies and supporting individuals, businesses, and countries financially.
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Presentation Transcript
Types of banks Commercial banks are the most important banks. They offer many services, different forms of accounts and also loans. While, at first, commercial banks only offered its services to businesses and companies, they are for everyone today. Investment banks do not take or keep the money of individuals. They help organizations and large companies raise money on the international financial markets.
Central banks manage the banking system in a country. The Federal Reserve in the United States and Bank of England are two prominent banks that take over these tasks. The European Central Bank is responsible for the circulation of money in the Euro zone. Online banks can often give their customers more interest because they do not have the expenses that physical banks do. They can be accessed over the internet and are becoming more and more popular.
Savings and loans are banks that specialize in financing houses. Although interest rates are higher such banks offer up to 30-year mortgages. Customers pay back their loan through a monthly payment that they can afford. Development banks are financial organizations that help Third World Countries. They provide money for nations in Africa, Asia and South America and offer technical help. The World Bank has imposed the structural adjustment programs on indebted countries in the Third World. These programs impose conditions for deregulating the economy, increasing access for foreign investors, cutting state spending and increasing dependence on exports of commodities.
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There will be three referees in the championship - . There will be a new fountain here - . Will there be your friends there? - ? Will there be a manager at the meeting? - ? How many students are there in the auditorium? - ? How much water is there in the swimming pool? - ? There was not a manual in the box - . There were not cars in the tunnel - .
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While crossing the street, he heard somebody call out to him , , - . Knowing the subject well, the student was not afraid of the coming exam , . Having a lot of time before the beginning of the performance, they decided to walk to the theatre. , . Not knowing the language, he could not understand the conversation. , . Having washed the dishes, she noticed two dirty ones. Having heard this story before, she did not want to listen. Having been given the second chance twice, he could not fail.
APPLIED FIELDS OF ECONOMICS There is a basic theory and facts in economics, in which all economists are interested. However, economics has some main applied fields that deal with specific topics, such as industrial economics, agricultural economics, economics of energy, economics of education, labour economics, etc. Industrial organization and structure are studied by industrial economics which also analyzes markets for manufactured goods as well as policies of various enterprises. The degree of concentration and barriers against new competitors in the market have already been analyzed by industrial economics for such important branches of economy as mining, gas, and oil industries, etc. The behaviour of firms and companies in an industry is influenced by the structure of the industry. Both profits and losses in any industry are affected by the behaviour of firms and companies engaged in the industry.
The economics of energy is known as another important field of applied economics closely connected with industrial economics. A lot of energy has been used by the modern economy in recent decades. Farms, factories, plants, transportation as well as families have greatly increased the consumption of various sources of energy since new modern equipment and technologies were introduced.
