Category Archives: Money and Bank

What was the first bank

What was the first bank

What was the first bank?

A grocer deals in food, a hardware store in household items, and a banker in money. The main business of banks is to lend money and to handle money which has been deposited with them. Of course, banks today provide many more services than just these, but it all has to do with the handling of money.

Ever since man had a kind of money, it has been necessary for someone to hold it for him safely, or to lend him some when he needed it. For example, in ancient Babylon, even before coins had been invented, there were men who made a business of borrowing, lending, and holding money for other people. They might be called bankers, though they were considered moneylenders. Some of that business was in the hands of the priests in the temples, and there were laws that regulated this business. In ancient Greece, there were moneylenders, too. In Roman times, there were already large banks in existence and they carried on business with firms in widely separated parts of the Roman Empire. There were Roman laws that regulated some of the banking methods. So we might say that the first bank came into existence with the first moneylender, and that banks as such go back at least to ancient Roman times.

In medieval times the business of lending money was no longer thought of as lawful. In many places, laws were passed forbidding it. Those who did continue to lend money often had their places of business on benches in the market place. The Italian word for bench is banco, and this is where we get the word “bank.”

In England, the business of holding and lending money was chiefly in the hands of goldsmiths. These trusted craftsmen received people’s money and valuables for safekeeping and in return gave goldsmiths’ receipts. These receipts passed from hand to hand, much as bank notes did later, for people were willing to take them in payment for goods and for debts.

In 1694 a group of businessmen agreed to lend a large sum of money to the English Government in return for permission to establish the Bank of England, which today is one of the greatest financial institutions in the world.

Bank Owned Homes For Sale – Assessing The Best Deal

Bank Owned Homes For Sale – Assessing The Best Deal

Foreclosure market is the hot bed of cheap properties. The abundant supply of foreclosure properties for sale has resulted to cheap prices, which benefits first-time homebuyers and investors. However, it is not just enough that you find cheap bank owned homes for sale. You have to find one that can be described as a good deal. But how would you know if the bank owned home you are considering to buy is a good deal? Read on for some pointers. But first, get to know why there are cheap foreclosure properties. Why Banks Foreclosed: The major reason why banks foreclosed a property is the inability of the owner to pay his due mortgages. You need to take note of this so that, if you are considering to buy bank owned homes for sale, you will not make the same mistake that previous owners have made that resulted to them losing their homes to foreclosures. Failure to pay may be due to some reasons that are unavoidable. On the side of the banks, they do not want to foreclose on a property, because it will be a non-performing asset and, thus, will not bring in any revenue. And besides, they have to pay for the taxes and upkeep of the property while it is still on the market. Selling the foreclosed property at below their current market value is the best thing they could do to dispose the property immediately and recover their investments. Assessing the Value: One way to assess the value of a foreclosed property is to check out the neighborhood. Do some research about the pricing trend of houses in the neighborhood. Compare the price of the property that you want to buy with the same houses in the neighborhood. Take note of the fluctuation in housing prices in the neighborhood, because this will tell you how soon you can sell the property for a substantial profit. The location of the property is also a major factor to assess. Houses located in a progressive area will not be difficult to sell in the future. In a nutshell, choosing should not be based on the price alone. Location is also a major factor to consider.

Test Bank – A Helping Hand in Clearing the Tests

Test Bank – A Helping Hand in Clearing the Tests

Test is the most important aspect in determining the candidate’s ability in order to get promoted to the next level or to get qualified for the position a person is looking for. A is very helpful for the people who want to sit for a competitive examination which will determine the success of the candidate in getting qualified for the next stage.

Some of the examples of competitive examinations are CAT, MAT, Bank PO, SAT and GRE. These types of competitive examinations are conducted from time to time by various institutions. Some of these exams are conducted to choose the right prospective candidates to fill certain types of vacancies and some of these types of exams are conducted to identify the candidates who are eligible to get enrolled in a specified type of training course such as MBA, Engineering, MCA etc. offered by premium institutes of high repute.

Many people do not know how to go about the preparations for the upcoming competitive examination and search many ways of help to get prepared but for them, test banks are the only way to refer apart from regular studying of the course materials with selective topics. The test bank will give them a fair idea as to which types of questions are likely to appear in the exam with their solutions.

Different types of s are available for the examinations of different types but all the tests are designed to test the knowledge base, skills, and aptitude of the candidate which determines the suitability of the candidate to reach the next stage. The standardized tests are conducted in this manner and are fixed in the format and the dates are also announced in advance which are applicable for all the candidates appearing for the said test and wanting to get succeed.

About The Author

Christopher Ameji has been associated with providing the content on different kinds of solutions manuals for all the US & international textbooks. The author is primarily dedicated to providing the sources that help the students get the answers to their both even & odd problems given in their textbooks.To visit for .

How To Make Money On Fiverr As You Wish

How To Make Money On Fiverr As You Wish

Discovering how to make money on Fiverr can be very exciting if you know the right step to take. Fiverr attracts thousands of users on daily basis. You can take the advantage of this to make lots of cash. There’s no limit to the amount you can make on the how to make money on Fiverrmarketplace. All you need is to be ready to succeed. You can discover how to make money on Fiverr if you remain very committed.

How to Make Money on Fiverr – Getting Started

To discover how to make money on Fiverr, you’ve got to start from the scratch. You must be a bona-fide member of the global market place before thinking of making money from it. You need to sign up freely and also have your account activated. You also need to render a service at the marketplace. You can join as a service provider or as a buyer. As a service provider, you must have something to sell. You can sell anything reasonable on the marketplace. In most cases, service providers use their talents to make money on Fiverr. You can work as a writer, web developer, graphic designer, and so on. All you need is tohow to make money on Fiverr create your gigs. You can start with $5 per gig. You can as well increase the price. The quality of your service determines how much you’ll set as your price. You’ll continue to learn how to make money on Fiverr if you keep researching.

How to Make Money on Fiverr – Be an Employer

You can discover how to make money on Fiverr as an employer. Fiverr has thousands of services providers on its network. You can register as an employer to use the services of the providers. You can get lots of tasks done by engaging the best providers. You have to spend time to search for the best providers. You can attract many of them by letting them know about your needs. You’ll continue to discover how to make money on Fiverr as you use the online marketplace.

To succeed in learning how to make money on Fiverr, you need to get yourself updated on regular basis. You have to update your gigs on the network. You also need to have a catchy profile. Remain diligent and set a schedule to succeed. You can move from one level to the other as you work hard on the marketplace.

Money Flows Like Water

Money Flows Like Water

Money is an uncountable noun. The best thing you can do is count units of money. And every nation has a different name for those units and they are valued relatively to a particular unit’s buying power at home and it’s buying power after conversion somewhere else. And this value is always changing. In other words, we all have a pretty good idea (at least we think we have a pretty good idea) of what money does, but the fact remains that money is completely relative to a extraordinarily complex set of factors, among those including political and economic ones. In a simple sense, diamonds are only valuable because they are rare, and gold (which used to be used as money) was like that as well. But now hardly anyone knows what exactly is determining the value of money- even the economists don’t know.

So how then is money like water? Because most of us have a very simplistic and narrow view of money, and in general, the more you have, the better. But money, like water, always has to go somewhere, doesn’t it? You can, I suppose, accumulate it and keep it, like a water reservoir, in a big bank account for future use. But water evaporates into thin air and so does money (through inflation or economic voodoo spells), so you either must then invest it and make money off your money (which is always risky in one way or another) or spend it ahead of inflation. In any case, if you’re not in the business of making more and more money, (if you’re on a fixed income) money can become a very difficult paradigm to figure out.

I don’t have to worry about that at the moment, though I do find that position enviable (well, a more or less fixed income- I’d like to deal in goods rather than work for cash). But right now my bankbook reads like a riverbed in an extreme environment of a monthly flash floods, immediately followed by a month long drought. Money flows in, I pay all the bills, and there’s nothing left to save. So the nation of me is very water poor.

Kinds Of Money Lenders

Kinds Of Money Lenders

There are different types of money lenders and this article deals with the different types of money lenders present in the market scenario. Some of the different types of money lenders are

Mortgage bankers
Mortgage brokers
Wholesale Lenders
Portfolio lenders
Direct Lenders
Correspondents
Banks and Savings & Loans
Credit Union

Mortgage Bankers

A mortgage banker is a lender that can originate loans which they can sell to Fannie Mae, Freddie Mac, Ginnie Mae, jumbo loan investors, and others. Thus a company who is capable of doing the above function is termed as a mortgage banker; however their size differs based on the different companies. Some mortgage bankers service the loans to the customers which they have originated while others do not. Most of the brokers have wholesale lending divisions. Some of the examples of mortgage bankers are Countrywide Home loans and Wells Fargo Mortgage. In this example one company is associated with a bank while the other is not. Many companies call themselves as mortgage bankers while some are really bankers but as far as the case of the others is considered it is mostly marketing.

Mortgage Brokers

Mortgage brokers are institutions who originate loans with the intention that they would give the amount to wholesale lending institutions. A broker has contacts or a set relationship with these wholesale lending institutions. Underwriting and the activity of funding takes place at the wholesale lender. They deal with the institutions that have wholesale loan department.

Wholesale Lenders

Many of the mortgage brokers and even the portfolio lenders act as wholesale lenders. They cater to the need of mortgage brokers for the origination of loan. There are some wholesale lenders that do not even possess their retail branches as they rely on mortgage brokers for the loans.

Portfolio lenders

An institution which lends own money and originates loans for itself is referred to as portfolio lender. Thus in this way they are lending their own portfolio of loans and they are not concerned about being able to sell them on the secondary market. Thus they need not abide by the rules of Fannie/Freddie guidelines and thus they can create their own rules for ascertaining the credit worthiness. Usually portfolio lenders are large banks. Only a particular part of their loan programs are portfolio products. Incase they are providing fixed rate of loans or government loans, and then they are definitely engaging in mortgage banking as well as portfolio lending.

Tips On How To Open A Bpi Bank Account

Tips On How To Open A Bpi Bank Account

Bank of the Philippine Islands (BPI) is one of the most established banks in the Philippines. Recently, it was awarded by Finance Asia, a prestigious finance publication and magazine in Asia and the Pacific as the best cash management bank in the Philippines. Finance Asia also recognized BPI as the best trade finance bank in the country.

BPI has two subsidiary banks – BPI Family Savings Bank and BPI Direct. BPI Bank deals primarily on corporate accounts like salary account of employees. BPI Family Savings Bank is focused on individual savings accounts or for individual person who may not be an employee. While BPI Direct serves primarily on mobile, telephone and online banking.

In opening a BPI bank account, you can adhere to procedures given below and ready all requirements before going to the bank. It will be fast and easy to open a new bank account when you bring all the needed requirements so do not forget to bring it all.

1. Make sure you have all the requirements for opening a new bank account like two valid ID, billing statements, two 1×1 photo ID, and money for initial deposit.

2. Select the branch you want to open a new account. Choose the branch near your work or house so that it will be very easy and convenient for you to go whenever problem arises regarding your bank account.

3. Upon entering the bank, proceed to New Account Desk. Tell the bank officer you want to open a savings account and then fill-up all forms that will be given to you.

4. Pass all the requirements, application forms and initial deposit for your new bank account. This is the minimum initial deposit for BPI, P3,000 and P10,000 for ATM and passbook account.

5. Get your passbook or ATM card which will be normally available after 4-5 banking days. When you get your ATM card, you can activate it at ATM machines.

When opening a new bank account, prepare first all requirements and ready the money for initial deposit for your new bank account. BPI is one of the best choice in applying for a new bank account. It has numerous branches around the country so it will not be a problem which branch to select.

Money In Your Wallet – Now! Proven Internet Marketing Methods

Money In Your Wallet – Now! Proven Internet Marketing Methods

Promoting your internet business can be done in hundreds of ways, some of which are more effective, some less so. Others can be total flops. But what matters at the end of the day is simply this: RESULTSRESULTS RESULTS. All your efforts should be geared to this one goal alone: Results that put money in your wallet. So what really works?

1. People just cannot resistFREE! Yes, FREE – people love it!

Imagine: You are out shopping for perfume. You pass the cheese counter. A gorgeous lady offers sample tastings of smelly, bluey Gorgonzola. You hate cheese, it gives you eczema. But you take some all the same maybe not to eat, but because it is free. Lesson: If it is free, people will take it. In your online business, send out free newsletters; offer a free trial period; free services; free information. Tease your potential customers, for example, with FREE PC reports or PC scans. After running these free services, alert the customer of problems (potential and existing) on their credit record or PC. Then show them what it is or repair the problem for a fee. This can be an effective way to get information to your potential customers, create sales or to generate traffic to your site.

2. Turn KNOWLEDGE into traffic to your site.

You are probably be an expert on your product/ business. Leverage this expertise by writing articles and publishing them in an ezine or an article information site. The most effective way is to give away your articles for FREE! In return, ask the publisher for authorization to include a byline. A byline is a very short summary of the author, his credentials and website. Your byline is a way to claim a visible place, a niche on the world wide web for you/your business. With time, readers will come to regard you as an expert in your area of specialization. The logical progress and outcome will be trust in you/your site as a source of credible information.

3. Click-Click-Click to riches

Some search engines allow the purchase of website rankings.This is an excellent, inexpensive and effective online marketing technique. With Pay-Per-Click programs, you choose keywords that are relevant to your site, and determine yourself the bid prices for each keyword/s. When surfers enter these words, your site will appear with other sites bidding the same words. Higher price bid words rank the site higher in the list. You are only billed for that click if the surfer chooses to view your site. Many Pay-Per-Click programs offer other benefits such as updated lists of commonly used keywords.

4. In the Real World, we liveOffLine. Advertise there too.

You business may be online, butremember that in the real world, everything else is offline. Utilise the myriad media advertising available: Newspapers, magazines, the radio, the television. Send out press releases to distribute your information to thousands of people across the country you live in.

What is the Difference Between a Credit Union and a Bank

What is the Difference Between a Credit Union and a Bank

Banks and credit unions seem very similar to most people. They both offer deposit accounts and various types of credit. They have many of the same services, telephone banking, online banking and ATMs; but there are some major differences between the two. If youre wondering where to turn for your next personal loan or arent sure where to open a savings account consider the following differences between a credit union and a bank.

Credit Unions

A Credit Union is a member-owned not-for-profit financial cooperative governed by a Board of Directors elected by the credit unions members. The members of a credit union usually have something in common, such as living in the same geographical region or belonging to the same organization.

Credit Unions offer everything from checking and savings accounts to small business loans, car loans, mortgages, personal loans, and more. A credit unions main focus, however, is on savings and it will usually offer higher interest on savings products than a bank. A credit unions not-for-profit status means that any income it earns is given back to its members, usually via lower interest rates and fees.

Banks

A bank is a stockholder-owned financial institution. Its main goal is to make its investors money and it does so by investing its customers money or lending it to other customers. When you make a deposit at the bank you are essentially loaning money to it. The bank pays you back in interest for that loan but the rates vary depending on the bank (consider that 0.05% youre now making on a savings account you opened several years ago when interest rates were much higher).

Banks also make their money in fees (ATM fees, overdraft fees, late payment fees, etc.). Banks carry the same products as credit unions, deposit accounts, IRAs, credit cards, and so on, but unlike a credit union, a banks products are FDIC insured. (Credit unions are insured by the National Credit Union Administration (NCUA) so funds are still guaranteed should the credit union fail).

While it may seem that banks and credit unions both offer the same products and the only difference is in who owns them, credit unions lead the way when it comes to service. Surveys of bank customers and credit union members consistently show a higher rate of satisfaction among credit union members. And while banks are often able to provide more convenience, in that they typically offer more branch locations, customer satisfaction is not as high.

Bank Recruitment by IBPS CWE

Bank Recruitment by IBPS CWE

Banking sector is growing fast and flourishing with every passing year. It recruits many individuals every year for various posts. However, since it is a highly coveted career option, the recruitment process is very tough and the selection rate is very low. This makes it a stiff competition for the candidates appearing for the exams. However, it is a hectic procedure for the respective bank as well. It is very difficult to recruit the most capable candidate out of the thousands who appear for the exam every year. However, they cannot compromise on this, as banking sector requires a strong team of loyal and hardworking individuals who take care of the monetary matters of the citizens of our country. it is also a tough job to conduct exams every year for thousands of candidates. However, IBPS is a solution to this problem faced by most public sector banks. It is an autonomous body that recruits individuals for various posts in public sector banks of India. This year, for the first time it is conducting CWE (common written exams) to recruit candidates for the post of Bank PO. IBPS uses the latest technologies to recruit the most capable candidates. It is built up a strong faculty of professionals who are trained in various fields like, psychology, marketing sector, banking industry etc. It has various offices spread throughout the country, which conduct exams every year for various posts in public sector banks. The establishment of IBPS has been a blessing for many public sector banks who have successfully recruited many capable individuals based on the exams conducted by IBPS. Its efficient team of employees and latest technologically advanced machines allow quick printing of question papers and unbiased checking. It also conducts training programmes for its clients so they realize their potential and choose the post accordingly. Common written exams (CWE) is another effort by IBPS to recruit candidates easily for the 19 public sector banks connected with it. It will be like bank exams, but all the candidates would be given the same question paper. After clearing the exam, they will get a score card. If a vacancy arises in any of the 19 banks involved, the candidate can directly reach the interview level with the help of the score card.

Thus, IBPS has taken the responsibility of bank recruitment for various public sector banks. Its new endeavour to commence a href=””>CWE for the post of bank po has been appreciated by many. It will follow an unbiased procedure to recruit capable indviduals.

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