This website uses cookies to ensure you have the best experience. Learn more

Banking Essay

574 words - 3 pages

Assignment 3
(16 points)
Assignment 3: Banking
Instructions

Save this file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be named Assignment1JRobinson.

Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress.

Review Lesson 4 of the Course Overview for instructions about turning in your assignments.

Assignment Questions

1. Visit the website of a large national bank, regional bank, or credit union, and use the information you find there to answer the questions below. EXAMPLE: Some large banks you might consider ...view middle of the document...

(3-6 sentences. 2.0 points)

2. Visit the website of a second large national bank, regional bank, or credit union, and use the information you find there to answer the questions below.

a. What is the name of the bank or credit union? (0.5 points)

b. List three differences you found between the accounts and features this bank or credit union offers and the bank from question 1 above. (1-3 sentences. 1.0 points)

c. Which of the two banks or credit unions that you researched would you be most likely to choose to open an account with? Why? (2-4 sentences. 2.5 points)

3. What type of bank risk would worry you the most as an account holder? How should the bank protect itself against that risk? (2-4 sentences. 1.0 points)

4. If you had a bank account, which two methods of completing transactions do you think you would use most frequently? Why? (2-4 sentences. 1.0 points)

5. In your Section_3 folder, navigate to and open the Example_Check_Register and Example_Bank_Statement, and then answer the questions below.

a. According to the bank statement, how many checks were written from this account during the statement period? (0.5 points)

b. There are two differences between the bank statement and the check register. Describe each of them. (2-4 sentences. 1.0 points) TIP: These are transactions that Jessie Robinson forgot to write down in the check register.

c. Do you think it is best to keep track of finances using a check register, a bank statement, or both? Why? (2-4 sentences. 1.0 points)

d. List at least two non-discretionary expenses listed on the bank statement or check register. (1-2 sentences. 1.0 points)

e. List at least one discretionary expense listed on the bank statement or check register. (1-2 sentences. 0.5 points)

f. Describe at least one challenge of keeping a check register. (1-2 sentences. 1.0 points)

Other Papers Like Banking

Green Banking Essay

5340 words - 22 pages are also concerned about the increase of Green House Gases and Chlorofluorocarbons (CFCs) and thereby depletion of Ozone layer. As such, every person and especially the professionals must have greater role to check the environmental degradation. The contribution of the banking sector is playing significant role to save the environment through their CSR, investment or other activities. To save the environment, Green Management is the great

Agency Banking Essay

1565 words - 7 pages ABSTRACT Agency banking is a new banking concept introduced in Tanzania by the Bank of Tanzania (BOT). The main objective is to increase financial services outreach and to promote financial inclusion to the un-banked and under-banked population without risking the safety and soundness of the banking system. The concept is also geared towards encouraging financial institutions to use agents in the provision of banking services so as to reduce

Green Banking

4779 words - 20 pages Submission of Report Proposal (Draft) Submitted to: ATM Jahiruddin Professor, Business Administration Discipline Submitted by: Prodyut Golder ID: 090303 4th Year 2nd Term Business Administration Discipline Khulna University 4th November, 2013 Name of the proposed report: “Green Banking Initiative of Bangladesh bank and Compliance of the Commercial banks” (A Case study based on Khulna City) Introduction

Internet Banking

1639 words - 7 pages ANNEXURE - 2(B) Internet Banking FAQs What are the transactions that I can do ? What are the other delivery channels? What are the different Banking Services in Internet Banking? What are the different kinds of Fund Transfer in Internet Banking? What are the formalities to access an Internet Banking Facility? I have not received my user id and password? How do I enable the Online Banking after getting the user id and passwords? Can I use a

Shadow Banking

1249 words - 5 pages The global finance system is made up of a two-tier system consisting of the traditional banking system and shadow banking. Shadow banking consists of financial institutions that provide lending and banking activities done outside the scope of traditional banking; lending via auto loans, consumer loans and mortgages. Where traditional banks utilize cash deposits in order to raise capital, shadow banks sell securities on the market by means of

Investment Banking

1557 words - 7 pages Difference Between Investment Banking and Merchant Banking Investment vs. Merchant Banking Bank is an organization that provides a range of financial and some non financial services to its customers. The main source of income, that makes the bank survive is the interest charged from those to whom the bank has given loan. A bank accepts deposits from its customers and pay interest to that deposited money, while it lends money to those who

Shadow Banking

1545 words - 7 pages Shadow Banking in China: Boon to Bane The shadow banking system is a term for the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks. Shadow banking, in other words, is a system that is governed by a coterie of financial intermediaries that carry out traditional banking functions like borrowing and lending but in a way that is loosely connected with the traditional functions of

Islamic Banking

1714 words - 7 pages Contents 1 2 10 12 What is Islamic banking? Islamic banking in Malaysia Observing Shariah principles Shariah concepts in Islamic banking Frequently asked questions Glossary This booklet tells you about the basic concepts and principles of Islamic banking. What is Islamic banking? Islamic banking is banking based on Islamic law (Shariah). It follows the Shariah, called fiqh muamalat (Islamic rules on transactions). The rules and

Green Banking

1309 words - 6 pages Green banking: Future important issue for banking industry Md. Aminul Islam The scientific name of environmental study is Ecology. More specifically if we define Environmental study or Ecology it means "the scientific study of relation of plants and living organisms to each other and their surroundings." We know this planet "Earth" is the only green planet created by Allah Subhanu Taala. Now, this planet is in danger due to over exploitation

Mobile Banking

2730 words - 11 pages The Rise of Mobile Banking It is truly amazing how fast new ideas can manifest themselves in such a mysterious world filled with mystery and opportunities. These ideas are able to take on the world by full throttle with the strong encouragement of particular communities and groups of people. Within the finance world, new technologies have had such a substantial impact in a vast amount of areas. The ways of doing things are growingly simpler

Islamic Banking

1832 words - 8 pages Islamic Banking Malek Alraddadi 02-24-2014 FIN-610 Introduction This study debates upon the history of Islamic banking. What are the ethical issues involved in the implementation of Islamic banking. Since the birth of Islam what type of steps are taken and by whom these measurements were taken. Besides this this paper also declares the response and customers point of view regarding Islamic banking with the help of different studies

Related Essays

Banking Essay

5577 words - 23 pages risks. 4. In banking, the risk is the possibility that a borrower or counterparty will fail to meet its obligations in accordance with the agreed terms, both in terms of time and quantity. 5. Risk does not come alone – the default of one firm may cripple affiliated firms such as suppliers, customers and banks. RISK MANAGEMENT: 1. Risk Management is a planned method of dealing with the potential loss or damage. It is an

Banking Essay

1627 words - 7 pages of products. These events will in fact affect banks. There would definitely be more competition for banks as domestic firms are able to borrow abroad and also as banks expand their security activities. This situation is something the region has to come to terms with or adapt to. Describe the moral hazard problem and the lemons problem in banking and finance. Do you see these issues being more likely with direct or indirect finance? How

E Banking Essay

3905 words - 16 pages Course Title: E-Commerce Course Code: 435 An assignment prepared as a part of BBA program by the students of 4th year 2nd Semester, under direct supervision of Mohammad Mizenur Rahman, Assistant Professor, Department of Business Administration, Shahjalal University of Science and Technology, Sylhet-3114. Assignment on: A Comparative Study on E-banking: A Study on Web information of Agrani Bank Ltd. & Mercantile Bank Ltd

Universal Banking Essay

1505 words - 7 pages UNDERSTANDING UNIVERSAL BANKING Universal Banking is a multi-purpose and multi-functional financial supermarket (a company offering a wide range of financial services e.g. stock, insurance and real-estate brokerage) providing both banking and financial services through a single window. Definition of Universal Banking: As per the World Bank, "In Universal Banking, large banks operate extensive network of branches, provide many different