A bank was originally ..a. bench set up in the marketplace for ... exchange of money. In a commercial sense, a bank is .an.. establishment where money is received on deposit to be repaid on demand or at notice, as may be arranged, and where loans are negotiated, bills discounted, and general financial business transacted. The main functions of..a. modern commercial bank are: • to receive money on current accounts repayable on demand, or on deposit accounts repayable subject to an agreed notice; • to lend money by granting loans and overdrafts or discounting bills of exchange and promissory notes. Apart from these two chief functions – linking up lenders and borrowers of capital – the bank performs many other functions: • .obtaining and giving information as to the financial standing of customers: • transferring funds for payments or investments; • making foreign currency transactions; • issuing letters of credit, drafts and travellers' cheques; • undertaking duties of. agents, trustees and guarantors; • performing leasing and factoring operations and others. A very important part of any efficient banking system is an interbank market. Some banks get more deposits than requests for loans, and vice versa. The interbank market smoothes out these imbalances by providing a way for a bank with too many deposits to pass them on toa bank with too many loan requests. In London there are different interbank markets for different currencies and for deposits with different maturities. Of these, the Eurodollar interbank market is particularly important, and LIBOR (the London interbank offered rate) is the key dollar rate for all the world's international borrowing and lending.
I think that playing soccer (or any other sport) is fun. I like playing with my friends outside, I can get shivers from the excitment When it is raining the only thing I can think of doing is playing boardgames.
(Did you write so or soon?) anyway, My mom's best friend has a birthday next week, and she is going to throw a very big party, and I cannot wait to be there. I really want to get over my math quiz that is going to be only next week. My siblings are going to visit me, they are coming from another city, and they are going stay at our place for couple weeks.
My english homework makes me so sad everytime I see it, sometimes it's very easy but sometimes it is very confusing. When I don't clean up my room and my mom gets upset I just cant help myself from crying. When people around are having problems it's sends me negative vibes.
when I have freinds pproblems I really often have to share with my mom. When I don't know how to do my math homework I can share it with my friends and they are going to help me. When my favorite singer/artist releases new song or video I have to tell the whole world about that.
