The main function of a bank or banking in general, is financial intermediation. That is, take money from people or excess entities, known as investors or savers and place it in the hands of people or deficit agents known as borrowers, under different financial instruments and in exchange for a “spread” or differential by intermediation … Read more
The inventory rotation is the relationship between the cost of goods sold and the average inventory valued at a cost in a certain period. A simple example: Cost of goods sold during 2019 = $ 24,000,000. Average inventory 2019 = $ 6,000,000. Then, the turnover of the inventory in 2019 was 24,000,000 / 6,000,000 = … Read more
The activation of debit card before use is a fundamental step. It is a procedure that begins when the user is given the plastic and the key or PIN, indicating the bank executive or the brochure that accompanies the card, if he has received it by mail, that the activation process will be completed in … Read more
It seems that everyone has a PayPal account, but most people think that it is a way to transfer money or even use it as a digital wallet. You would be foolish to completely forget PayPal for business purposes, because it has always been, and still is, one of the most elegant options that exist. … Read more
It is said that a document is In sight when it can be claimed at any time. In other words, we are talking especially about deposits or credits that do not have a specific due date. Description When a lender lends money to a borrower, he can issue an enforceable promissory note. This is also called sight … Read more
As we can see in the inflation article, this is a generalized increase in the prices of goods and services during a given period of time. But there are several types of inflation. Prices ensure that resources are allocated efficiently to achieve market equilibrium and, thus, resources can be allocated efficiently. However, the most common is that prices increase, … Read more
As we can see in the inflation article, this is a generalized increase in the prices of goods and services during a given period of time. This price increase can occur for several reasons. The price system supposes a very complex system of interrelations. The quantitative theory of money tries to explain why these price … Read more
Inflation is a generalized increase in the prices of goods and services of an economy over a period of time. When we hear that there has been inflation means that prices have gone up or have been “inflated”, hence the name. There is inflation when the prices of the set of goods and services of … Read more
The inflation is rising or generalized increase in the price of goods and services a country during a period of time. It is usually measured on a monthly and annual basis. When the prices of goods and services increase in a general way, fewer products are acquired with the same amount of money, so that inflation translates into the loss of … Read more
Although they sound similar, an account balance is not the same as the available balance. People must know the difference to avoid the accumulation of expensive bank charges. The balance of an account shows the amount in the account, but you only have access to balance availability. Several factors can cause discrepancies between the two … Read more
Economists, financial analysts and government officials talk about money and its role in the economy. Consumers can hear these statements on the evening news, but they do not really understand what commentators refer to when they talk about money. Basically, the money supply in the United States consists of currencies, checking accounts, traveller’s checks, money … Read more
The ATMs or ATM by stands for “Automatic Teller Machine” were initially conceived as machines to dispense cash. These prodigious machines have fifty years facilitating the transactions, saving us time and why not money! Before the proliferation of ATMs, people had to go to the bank office, during the opening hours and make long queues … Read more