Posts Tagged ‘personal finance’
What is Financial Securities
November 4th, 2009 | 
Author: It is true that bankers also invest money in securities, and that some of these are foreign, but here again the proportion invested abroad is so small that we may be reasonably sure that any money left by us in the hands of our bankers will be employed at home.
But in actual practice those who save do not pile up a large balance at their banks. They keep what is called a current account, consisting of amounts paid in in cash or in cheques on other banks or their own bank, and against this account they draw what is needed for their weekly and monthly payments; sometimes, also, they keep a certain amount on deposit account, that is an account on which they can only draw after giving a week’s notice or more.
On their deposit account they receive interest, on their current account they may in some parts of the country receive interest on the average balance kept.
Posted in Debt | 
Tags: Banking, Bankruptcy, credit, creditor, Currency-Trading, Debt, debt consolidation, debt relief, Fundraising, habit, Insurance, interest, Investing, Leasing, life, Loans, money, money placed interest, Mortgages, Mutual-Funds, night, pay, personal finance, purchase, Real-Estate, retirement, running debt, Stock-Market, Taxes, Trading, trusted, Wealth-Building, work | 
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