Our name 24HourAnswers means you can submit work 24 hours a day - it doesn't mean we can help you master what you need to know in 24 hours. If you make arrangements in advance, and if you are a very fast learner, then yes, we may be able to help you achieve your goals in 24 hours. Remember, high quality, customized help that's tailored around the needs of each individual student takes time to achieve. You deserve nothing less than the best, so give us the time we need to give you the best.
If you need assistance with old exams in order to prepare for an upcoming test, we can definitely help. We can't work with you on current exams, quizzes, or tests unless you tell us in writing that you have permission to do so. This is not usually the case, however.
We do not have monthly fees or minimum payments, and there are no hidden costs. Instead, the price is unique for every work order you submit. For tutoring and homework help, the price depends on many factors that include the length of the session, level of work difficulty, level of expertise of the tutor, and amount of time available before the deadline. You will be given a price up front and there is no obligation for you to pay. Homework library items have individual set prices.
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History of banking
One of the oldest profession in the world is banking. The first traces of banking were found in the Roman Empire. Banking comes from the word ‘’banca”, which means bench. Another very common phrase, ’’banca rotta“, means broken bench. The first bank in the world was ’’Bank of Venice“, which was founded in 1171, in Venice.
Qualifications of banks
Today, banking has a crucial part in the global economy. The importance of banks is huge in financial markets. There are two basic type of banks: on the one hand, we have Central bank which is a national institution, or in some cases an international institution as in the European Union. Its main task is to keep inflation in the normal and stabile range. On the other hand, we have commercial banks. Their main task is to credit the economy and individuals. Furthermore, we have many qualifications of banks, depending on their main purpose. For example, there are investment and universal banks, which are also important institutions in financial markets.
Banking terminology
The loan is a debtor-creditor relationship in which the creditor, in this case the bank, gives to the debtor, in this case the customer, a certain amount of funds. That certain amount of funds is given to the debtor to use at a particular time, under certain conditions, and for a fee known as interest, as the cost for the use of these funds.
Interest is compensation in cash. The borrower needs to pay the bank for a temporary assignment and use of funds.
The interest rate is the price of the loan term. The most common way to express interest rate is in the percentage of the 100 units per year.
Fixed interest rate is interest rate that is unchangeable during the time of the loan. This type of rate is defined by contract.
Variable (changeable) interest rate means that the bank has the right to change the interest rate in either direction, which means that they can increase or decrease interest rate. What the bank will do depends on the situation of the financial market. Reaction depends on movements in interest rates during the loan repayment. Variable interest rates contain two parts. The first part is the bank's margin, which represents a fixed part of the interest rates. The second part is reference interest rate which represents a variable part of the interest rate, i.e. EURIBOR or LIBOR.
Default interest is additional interest that the borrower needs to pay if he has not settled obligations during the contracted time.
Banking vs. other sources of money
In a global economy we have different opportunities to lend money. Financial markets are not equally developed in all countries. In some countries that are less developed or are developing, companies do not have the opportunity to lend money by issuing bonds or relevant securities. For that reason, they do not lend money with the best conditions (or the cheapest way). In this situation, banks are the only source of money for them. Regardless, companies need money to maintain their liquidity, and to improve and increase their product range in order that they can buy new equipment. In addition, these loans are crucial for growth and business improvement.
Since we have tutors in all Banking related topics, we can provide a range of different services. Our online Banking tutors will:
With these capabilities, our college Banking tutors will give you the tools you need to gain a comprehensive knowledge of Banking you can use in future courses.
Our tutors are just as dedicated to your success in class as you are, so they are available around the clock to assist you with questions, homework, exam preparation and any Banking related assignments you need extra help completing.
In addition to gaining access to highly qualified tutors, you'll also strengthen your confidence level in the classroom when you work with us. This newfound confidence will allow you to apply your Banking knowledge in future courses and keep your education progressing smoothly.
Because our college Banking tutors are fully remote, seeking their help is easy. Rather than spend valuable time trying to find a local Banking tutor you can trust, just call on our tutors whenever you need them without any conflicting schedules getting in the way.
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