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Banking Issues (The exchange rate is determined by (Balance of payments,…
Banking Issues
When giving a loan, bank will consider:
Purpose
Ability to repay
Security
Credit History
Own Investment
Business Plan
Insurance is important because:
Survival
Liquidity
Safety
Risk reduction
Legal liability
Functions of the ECB
Decides monetary policy
Supply Euro notes and coins
Manage external currency reserves
The exchange rate is determined by
Balance of payments
Interest rates
Actions of ECB
Speculations
Fiscal policy
Purchasing Power Parity
Devaluation