Banks – What is their purpose?
Banks – Their purpose? (part 2)
Continuing on with our discussion on the purpose of banks.
What happens when you deposit money into a bank? First, the money is recorded (usually by computer) and added to your account. It is then placed into the vault. At various times during the day, money is removed from the vault [...]
Banks - What is their purpose?
Banks – (part 1)
Given the current financial crisis that has been sweeping over the planet I am finding it an opportune time to actually look at the role of banks and how they have evolved to be in our world. We’ll also be looking at money (later posting), what it is and how it operates.
The [...]