HSC Syllabus of Finance, Banking and Bima Session 2013-14
Finance is the study of how people allocate their assets over time under conditions of certainty and uncertainty. A key point in finance, which affects decisions, is the time value of money, which states that a unit of currency today is worth more than the same unit of currency tomorrow. Finance aims to price assets based on their risk level, and expected rate of return. Finance can be broken into three different sub categories: public finance, corporate finance and personal finance.
HSC Syllabus of Finance, Banking and Bima Session 2013-14
HSC Syllabus of Finance, Banking and Bima Session 2013-14
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HSC Syllabus of Finance, Banking and Bima Session 2013-14
HSC Syllabus of Finance, Banking and Bima Session 2013-14
HSC Syllabus of Finance, Banking and Bima Session 2013-14
HSC Syllabus of Finance, Banking and Bima Session 2013-14
HSC Syllabus of Finance, Banking and Bima Session 2013-14
A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank is the connection between customers that have capital deficits and customers with capital surpluses.
Due to their influence within a financial system and the economy, banks are highly regulated in most countries. Most banks operate under a system known as fractional reserve banking where they hold only a small reserve of the funds deposited and lend out the rest for profit. They are generally subject to minimum capital requirements which are based on an international set of capital standards, known as the Basel Accords.
Banking in its modern sense evolved in the 14th century in the rich cities of Renaissance Italy but in many ways was a continuation of ideas and concepts of credit and lending that had its roots in the ancient world. In the history of banking, a number of banking dynasties have played a central role over many
