Banking Beginnings: Final Chapter : Bill-Brokers, Clearing House, Foreign Exchanges, and Money Article

Feb 2023 · Asadel Publisher

Ebook

Pages

Ratings and reviews aren’t verified Learn More

About this ebook

This book discusses various aspects of money management and banking, including the role of bill-brokers in helping banks manage cash flow, the importance of clearing houses in facilitating efficient exchange of money between banks, the complexities of foreign exchange markets, and how the media covers financial news, also examines the growth and development of the banking system in England, focusing on the rise of the Bank of England, the elimination of private bankers, and the factors that led to London's position as the world's financial center.

It highlights the delicate nature of the system, which requires careful attention and management, and identifies the one-reserve system as its primary weakness. The chapter explores various schemes to increase the reserve and warns about the dangers of intense competition among banks. It also raises concerns about banks' tendency to ear-mark securities for the benefit of particular depositors.

Finally, it discusses the life of a bank clerk and the importance of technical knowledge, good judgment, and tact in becoming a successful banker or financier.

How Bill-Brokers Help Banks Manage Cash Flow

Clearing House: How Banks Exchange Money Efficiently

Foreign Exchanges

The Money Article: Money News in the Media

About the author

Andy Ismail is a highly respected lecturer at Universitas Darwan Ali in Sampit, Kalimantan Tengah, Indonesia. He brings his expertise in financial management and computer science to the management and computer science studies program, where he teaches and conducts research with a focus on bridging the two fields. With a strong background in both areas, Andy provides valuable insights and perspectives to his students, inspiring them to reach their full potential.

Ikvina Hasanatika is a student at Universitas Negeri Semarang, striving to improve her writing abilities and gain practical experience in Indonesian Language and Literature with the goal of becoming a successful writer and scholar

Astrid Pranadani serves as the COO of the start-up company PT Asadel Liamsindo Teknologi (AsadelTEK). Her extensive corporate experience has provided her with a deep understanding of the financial landscape, enabling her to effectively steer her company towards success.

Rate this ebook

Tell us what you think.

Reading information

Smartphones and tablets

Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.

Laptops and computers

You can listen to audiobooks purchased on Google Play using your computer's web browser.

eReaders and other devices

To read on e-ink devices like Kobo eReaders, you'll need to download a file and transfer it to your device. Follow the detailed Help Center instructions to transfer the files to supported eReaders.

Report illegal content