Financial English: Banks.

* Functions of a central bank: - To implement monetary establishment - To bias exchange rates by intervening in impertinent exchange market places - To supervise the banking system - To travel as a lender of last resort for commercial-grade banks - Ways of implementing monetary policy: * Setting minimum and utmost interest rates to break the credit system * haughty the amount of banknotes in circulation (issuing and withdrawing banknotes and coins) * well-defined market operations - sell and buying regime bonds to and from commercial banks Open grocery come in Operations * Open market operations (OMO) - Est.

vabaturu operatsioonid - acquires and sales of government securities by the aboriginal posit - Open market grease ones palms - a purchase of bonds by the exchange trust - Open market sale - a sale of bonds by the Central Bank Commercial banks * Commercial banks trade in money:Receive and hold deposits Pay money according to customers operating instructions Lend money Offer investment adviceExchange foreign currencies Bank flyers * Current method of accounting (Br)/ checking account (Am) - pays little interest, one bunghole withdraw money each clock time * (Fixed) deposit account (Br)/ time account or chance upon account (US) - pays a higher interest, money deposited for a better period of time ESCB * European System of Central Banks (ESCB) comprises the European Central Bank (ECB) and the national central banks (NCBs) of all EU outgrowth states * Eurosystem - comprises the ECB and NCBs of those countries that construct take the euro * Euro area - teh EU countries that have adopted the eur up-to-dateness * Convertible currency - can be easily transfer for an early(a) currenc! y * Hard currency - of a commonwealth which has a strong economy and which can be changed into other currencies easily * statutory currency - legally used in a country Exchange rates... If you wishing to get a full essay, order it on our website: OrderEssay.net

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