Essay about My Dream Job Would Be An Investment Banker Essay

This can result in a transparent system of the transaction and it will be easy to fight corruption. The cashless system can also reduce the instances of counterfeit notes. This, as a whole, can prevent terrorism intervening in the country.

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Printing of the currency notes in India costs close to 30 million per year. Cashless economy can cut down these charges and the government can utilize that money for other social and educational policies. Being a developing nation, many villages and citizens in India do not even have a valid bank account.

Computer illiteracy is higher, thus it prevents electronic transactions. Moreover, the rural locations do not have proper reception of internet on which the whole electronic transactions depend upon. The reach of digital transactions is limited to only urban city centers and hence, it is somewhat difficult to implement the complete cashless economy system in such a big country like India.

As easy as it essay important person for me, it is also risky to do online transactions due to security issues. People with half-baked knowledge are easily exposed to cyber fraudulence activities and lose their money. The growing thirst of becoming rich has made people use crooked ways to earn money. Additionally, extra charges are levied on the cashless transactions across the counters in any business outlets that people are hesitant to switch over to a completely cashless system.

The cashless economy has its own sets of merits and demerits. In huge democratic countries like India, before implementing the system, the government should count into expert opinions to analyze strategically and work on the implementation of such plans for better economic growth in a sustainable way.

Cashless economy has many merits and demerits. It has changed the direction of our country in terms of the economic conditions. It has brought a lot of transparency and ease of cashless payments with it. Progressive era essay conclusion with any other technology, this also faces risks of hacking and cyber-attacks.

So, there needs to be some measures in place to make the system more secure and safe for use. We have not completely moved to a cashless economy but we have initiated the transition towards a cashless economy. A cashless economy is a system where there is no circulation of physical cash in the economy.

At the Moultrie branch, I hope to conduct another internship in the loans department. South Georgia Banking also has its headquarters in Tifton; where there are human resources, accounting, and bookkeeping departments. I would like to continue learning the inner workings of South Georgia Banking, because my internship has been such an enjoyable and educational experience….

First of all, let essay important person for me outline how Islamic banks actually work and what their main differences are in comparison with conventional banks. In this banking system, banks are operated by Islamic laws known…. There is a Central bank in India, called the Reserve Bank of India; this central bank is given power to control and manage many aspects of the banking system, one in particular credit policies. The Reserve…. From now banks have to contribute to loan money so they can produce more.

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In this case, both sides got some benefits, essay on why banking for me for hence magazine business; they can produce their product more. On the other side the bank can earn interest on the money that they lend to Mr George EkegeyEkeha.

Efficiency and effectiveness in bank will impact to various sectors of economy or businesses. Bank can get their capital from the costumers who deposit their money. The money that got will give significant impacts to economy as that money are used for productivity in country. In this case, banks act as lenders of money to big business, so the company can more productive. It can be seen that people need a bank to save their wealth. Even a country also need bank to control the economy and financial growth in the country.

The Function of a bank in the country is to ensure the safety and soundness of banks, maintain the efficiency financial structure and financial system, maintain financial balance or stability and secure costumer from abuses. Without a bank economic and financial state will have chaos.

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With all the technology advancements and the acts that have been passed along the way. Where would we be without banks? Where would you go to get a loan…. Bank of America Five Forces Analysis Threat of new entrance The sector offers a considerable barrier to new entrants due to the high capital required to establish a new bank.

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