The classical theory of distribution is based on the classical value theory, to explain how the total product of an economy is distributed among workers (wages), capitalists (benefits) and landowners (income). First of all, it should be noted that in this article we do not include Karl Marx as a member of the classical economy, … Read more
A credit market is that financial market in which the participants, who are companies, governments and individuals, exchange instruments of debt Long and short term. In this way, we can say that it is a market in which those who intervene lend or borrow money. We must bear in mind that in this case we … Read more
The types of sellers are the different person profiles that ensure that the final purchase by the customer is made. Selling is essential for the vast majority of companies. If you do not sell, as a general rule, you do not generate income. You need to sell books, shoes, food, reports, designs or ideas. Sometimes … Read more
There is much talk about best online banks and the Revolut card. To better understand what it is, we wanted to inquire about this British company and give our opinion of Revolut after having tested his card and disengaged all its services in detail. In this review of revolut we will try to cover the … Read more
To make a international bank transfer Besides of International Bank Account Number or WERE GOING, BIC (Bank Identifier Code) or also called SWIFT (Society for Woldwide Interbank Financial Telecommunication) is also required. The SWIFT code is an alphanumeric code that has helped facilitate international transaction processes What is a bank’s BIC or SWIFT code? The … Read more
Excess of credit From a microeconomic point of view, it is a situation in which the debtor needs to have an amount of money greater than that established in the credit limit granted. In a macroeconomic aspect it refers to a situation in which banks lend more money than necessary for investments. In a simple … Read more
Apparently, mobile banking, through the rise of neobank, is becoming the first choice for Spaniards and Europeans. The appeal of these digital banks It is undeniable, so in this review we have decided to make a comparison between Revolut and N26. Which card is better? We will give you our verdict at the end. What … Read more
Step-by-Step Guide to Changing Your Primary Email on Bank of America Online Changing your primary email on Bank of America online is a simple process. The process ensures you stay up to date with important account notifications, transaction alerts, and more. By following this easy-to-follow guide, you’ll be able to update your email address with … Read more
Wal-Mart is one of the largest retail chains in America that operates under the figure of hypermarket chains, retail chains and grocery stores. Wal-Mart operates in 28 countries including the United States, where it owns stores throughout the 50 states of the union, although they operate with different names, some 59 denominations. By January 2018, … Read more
Certified Check Definition The certified check is also known as an official certified check, together with the cashier’s check or in some countries called a cashier’s check or management check, they are guarantee mechanisms that the issuer or drawer has sufficient funds in mind to honor a payment. The certified checks are a type of … Read more
A personal loan is one extended to a borrower without the need for security or collateral such as a car or house. These types of loans are also called signature loans. A borrower only needs to sign the loan documents to receive it once approved. You can calculate the interest of a personal loan if … Read more
The percentage of taxes calculated for salaries varies by the employee, since each employer has income deductions that are based on the retention of benefits for each worker. However, you can use the information to calculate the tax withholding percentage of each person’s salary or use the information to calculate the average percentage of all … Read more
The reality of using money to get money is not something new in the world of commerce, regardless of the size of the company. And so, if a potential owner wants to open a store, there is a universal way for many people, to obtain loans for small businesses. However, most of the time is … Read more
What is Credit Policy Financial institutions must establish the criteria they will use to evaluate their clients and determine the level of risk to which they will be exposed with each credit. These policies are based on the strategies approved by the board. Credit policies are the technical guidelines available to the financial manager of … Read more
International bank transfers are used to transfer money from a national banking institution to a foreign financial account. These operations are also known in English as “wires” or “wire transfers”. Transferring your money in this way is a quick and convenient process. The transfer itself occurs immediately, but in general, there is a period of … Read more
A credit line and revolving credit are two ways in which a company or individual can obtain the money needed to make a purchase. A line of credit is a type of revolving credit, which works similar to a credit card. Both the credit line and the revolving credit have a fixed amount available for … Read more
In today’s times, online banking, telephone payment systems, debit cards, credit cards, among other schemes, make it less and less necessary to have to go to a bank agency and even less have to use or memorize a bank account number. However, you may need your bank account number to perform operations such as transfers, … Read more
The International Bank Account Number, called International Banking Account Number (IBAN), is a standard code for identifying bank accounts in order to facilitate international financial transactions. The SWIFT code (Society for Worldwide Interbank Financial Telecommunication), is an international standard number to identify a bank, and contains the identification number of a specific bank or BIC … Read more
A bank transfer is an electronic method for sending funds between people and institutions. Electronic transfers can be initiated from banks and financial institutions worldwide. Sales transfer entities provide the same service to people who do not have traditional bank accounts. An individual can transfer funds from one place of sale to another. Debit card … Read more
Although it might be thought that it is now very easy to make an electronic bank transfer, especially if you are one of those who dominate the use of electronic devices and the Internet, it is worth taking into account and understanding some procedures offered by certain banks and that are so specific that differentiate … Read more
Bank of America is one of the largest banking institutions in the United States. Since its creation it has absorbed several smaller banks including Fleet Bank, a former Massachusetts bank. While you can always stop at the local Bank of America branch, many customers choose to do most of their banking tasks online. Checking, analyzing … Read more
The difference between personal loans and other types of loans is that the first ones are granted without collateral, which implies a certain financial risk for the lending institution. Hence, not all banks grant them. On the other hand, those banks that grant them do so under strict compliance with a series of requirements, such … Read more
The departments in some small businesses have to order supplies through the financial arm of the company instead of buying the supplies on their own. This process includes the use of requisition orders and purchase orders, which represent different stages of the same purchase process. Requisition order A requisition order is a way in which … Read more
The referral is the response received by a credit card terminal after one of these is passed to authorize. The answer does not mean that the credit card has been declined, although the merchant can choose to do so. Answers When a credit card is passed, the terminal’s response can be: approved, declined, referral, take … Read more
Many of us use credit cards and we don’t know how they really work, what the numbers mean on plastic. And the real problem comes when the name of the bank printed on the back of the card begins to disappear and then we forget which is the issuing bank, or in the worst case, … Read more
The use of credit cards has become almost ubiquitous. Consumers use credit cards at service stations and supermarkets, make online purchases and confirm the information by phone. Many customers are familiar with mentioning or writing the 16 digits of their card, but many vendors today request another number, the three-digit code on the back of … Read more
Theft of debit cards creates all kinds of concerns. In addition to losing money, a stolen debit card leaves you vulnerable to identity theft, which can have deeper consequences. If the thief is caught, you have every right to seek justice before the law. However, decisions about legal action may not be only in your … Read more
When a person is a victim of theft or robbery they usually take away their wallet and there they go, in addition to their personal identification documents (passport, social security, driver’s license …), their credit and debit card, which can mean a much greater economic loss, especially in the case of credit cards because the … Read more
Overview of Banks in the UK The British banking system has a long history dating back to 1694 when the Bank of England was founded. Since then, many bank houses appeared in the British market and became powerful financial institutions. According to market value, HSBC was at the top of the list of British banks … Read more
In the United States there are a total of 7,836 national banks, supervised by the Federal Reserve (Fed), as can be seen on the FFIEC website. All are covered by federal insurance of up to $ 250,000 for each deposit. These banks, like all financial institutions in the United States, have a rating based on … Read more