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THE FINANCIAL WORLD, download , download (2) , images , download (1) …
THE FINANCIAL WORLD
BANKING
Online banking in the UK:
Most of the major banks now provide free, secure apps that offer the same functions as online banking. Esperts predict that mobile phone transactions in Britain will rise from the current 356 million per year to 1.5 billion by the year 2022.
Modern banking:
Today, technological developments, such as the widespread use of ATM machines and the availability of telephone and onlone banking services have had a major impact on the industry.
Globalisation in the banking industry:
The banking industry is not as globalised. One of the reason is that it is more convenient to have local banks which provide loans to small businesses and individuals.
CENTRAL BANKS
Specific functions:
-Issues, controls and regulates the supply of money in the country;
-Designs and enforces policies related to interest rates and money supply to control the economy;
-Manages public debt;
-Gives the gouvernment financial advice;
-Manages foreign exchange reserves;
-Controls the activities of commercial banks;
-Lends money to commercial banks.
THE STOCK EXCHANGE
Debentures:
Are documents given to the lenders of long-term capital to a company. The debenture holders are creditors of the company.
Bonds:
Are fixed interest financial assets issued by governments, banks, public utilities and other large entities.
Shares:
Are separate equal parts into which the capital of a company is divided. Their holders, the shareholders thus own part of a company.
STOCK INDEXES
The S&P 500:
Is a stock market index based on the stocks of 500 large companies listed on yhe NYSE or NASDAQ.
The FTSE 100 Index:
It is a share index of the top 100 companies listed on the London Stock Exchange. It is one of the most widely used stock indexes and tracks the prosperity of businesses regulated by UK law.
The Nasdaq Composite Index:
It is an index of all stocks traded on the Nasdaq Stock Exchange, it was launched in 1971.
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The Dow:
It is based on the average selling price of the stocks of 30 US companies listed on the New York Stock Exchange.
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