chapter1thepaymentsystem-資料下載頁(yè)
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【正文】 rency has little value ,legal tender in a country will be largely ignored . The two other major sources of money _funds held in deposit accounts and funds that can be lent in order to settle a transaction. The cheque clearing system The main noncash methods of payment are cheques ,credit cards and electronic transfers. A cheque is an instrument to the drawer’s bank to pay the stated amount to the stated party. It was the dominant payment instruments for many years. 1980 1991 1996 1998 Cheque 85 60 43 36 Direct entry 7 25 25 25 Credit cards 7 10 13 17 EFTPOS 5 18 22 Payment system risks Realtime gross settlement(RTGS) was established in April 1998 in order to reduce contagion risk in the payment system by RBA. Charging for payment services RBA 1999 Financial principles This opening chapter is pleted by the introduction of five principles(ideas)that are developed and applied throughout the book. Each represents an important part of financial market theory and will be of practical importance when making financial decisions. Five principals and return and market volatility value of money low ,sell high free lunches Chapter 1 謝謝觀看 /歡迎下載 BY FAITH I MEAN A VISION OF GOOD ONE CHERISHES AND THE ENTHUSIASM THAT PUSHES ONE TO SEEK ITS FULFILLMENT REGARDLESS OF OBSTACLES. BY FAITH I BY FAIT
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