money and banking
essay in English
Answers
Answer:
The use of money and its transmission through the economy by means of a banking system characterise modern economies. Money has been used for thousands of years, but has evolved to more sophisticated forms and its transmission has improved over time. There have long been questions over the effects money and banking have in the economy. Frequently they have given rise to intense debate, and are seldom far from discussion on the economy's performance, prices, exchange-rates and so on. The British
facility. However, customers cannot store their money in investment bank. So, how do customers use their money to make transaction in system? Cash is not a good answer. It is too simple. Clients need to have a new cash account in investment bank. The account is used in capital market and it not allows clients to make the transaction about cash to cash. For example, you can make a transaction such as cash to stocks and stocks to cash. So, where is the money? The answer is commercial bank.
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