In the early 90's was carried out very interesting study. Sociologists of the entrepreneurs were asked the question, "What is the bank?" And learned responses. To the surprise of researchers, 98% could not give an exact answer to the question. Today, of course, what the bank is known to many. However, not all. Perhaps someone will be useful this article.Thus, the bank is a specialized financial institution that carries out various kinds of operations with the money, precious metals and securities. Among the many areas of banking activities can be identified to provide financial services to individuals, organizations and the state, lending, issue of securities transactions with money signs.
The main functions of banks. Given the savings of citizens, banks are investing in their business activities, while they not only ensure the safety of funds, but also pay rewards - interest income - the owners of savings. Banks that provide savings of citizens paid the temporary use of commercial organizations, carry out credit, seeking to maturity, interest payment, repayment of loans issued and guaranteed. Term of credit thus depends very much on the period for which the bank itself received deposits from their depositors. The value of fees for the loan is determined by general principles of the pricing of financial resources in the capital market. The recoverability of the loan provided by the laws and authorities, regulatory compliance. Loan guarantee is manifested in the requirements of banks to the borrowers to provide security or to transfer the property as collateral for a bank - through the sale of such security or collateral the bank recovers its losses in the non-repayment of loans. Banks provide assistance to businesses and individuals in the organization of payments for goods and services through a system of non-cash settlements in which payments are made by wire transfer (transfer) of money from the payer's account on the payee's account. Transactions can be made in the form of entries in bank accounts on the basis of the payment documents to be drawn participating business transaction. Banks are actively creating new forms of money to expedite and facilitate payment for goods and services: checks, bills, electronic credit cards, etc.
The man in order to raise capital in the bank makes its money in the form of so-called deposit at a rate of interest, it can be both monetary contributions and contributions under the precious metals.
After that bank lending starts to conduct, but the interest rate on the increase, and sometimes several times.
Accordingly, the monetary difference - this is the bank profits. In addition, at the present stage, the bank intervened in the relationship between the employer and the common man.
Many of us are on the payroll through a financial institution.
