Elements of Banking
Made Simple
- 1st Edition - May 21, 2014
- Imprint: Butterworth-Heinemann
- Authors: Julia Hoyle, Geoffrey Whitehead
- Language: English
- eBook ISBN:9 7 8 - 1 - 4 8 3 1 - 0 5 8 3 - 3
Elements of Banking: Made Simple discusses the fundamental concepts of banking. The book covers the various banking services, such as saving, lending, and investment. In the first… Read more
Purchase options
Elements of Banking: Made Simple discusses the fundamental concepts of banking. The book covers the various banking services, such as saving, lending, and investment. In the first two chapters, the text reviews the history of banking and money system. The succeeding four chapters deal with customers. These chapters cover types of customers and the accounts available to them. Next, the legal bases of banking are discussed, while the British banking systems are primarily concerned in Chapters 8 to 11. The next four chapters cover the banking services, which include lending, savings, and investment. Chapters 16 to 18 discuss banking and international trade. The next chapter deals with promoting banking services, and the last chapter tackles the Institute of Bankers. The book will be of great interest to the undergraduate students of accountancy, business administration, and management.
Foreword Acknowledgments 1 The Origin and Development of Banking 1.1 The Origin of Banking 1.2 Safe Deposits and Royal Power 1.3 Goldsmiths and the Banking System 1.4 The Bank of England 1.5 Country Banking In the Eighteenth Century 1.6 The Move to Joint Stock Banking 1.7 The Bank of England Since 1815 1.8 The Development of Merchant Banking 1.9 Rapid Revision: The History of Banking 1.10 Exercise: The Origin and Development of Banking 2 The Development of the Money System 2.1 What is Money? 2.2 Giving Validity to Coins and Banknotes 2.3 The Functions of Money 2.4 The Qualities of Money 2.5 The Wider Meaning of Money Today: The Money Stock 2.6 How the Banks Create Money: The Creation of Credit 2.7 The Effect of Credit-Creation by the Banks 2.8 Keeping in Step When Creating Credit 2.9 The Credit-Creation Multiplier 2.10 Conclusions about the Money System 2.11 Rapid Revision: The Money System 2.12 Exercises: The Money System 3 The Types of Accounts Available to Customers 3.1 Meeting the Needs of Customers 3.2 Current Account on Sight Deposits 3.3 Deposit Account or Time Deposits 3.4 Investment Accounts 3.5 Savings Accounts 3.6 Budget Accounts 3.7 Revolving Credit Accounts 3.8 Loan Accounts 3.9 Bank Reconciliation Statements 3.10 Rapid Revision: Types of Account 3.11 Exercises: Customers' Accounts 4 Types of Customers 4.1 The Range of Banking Customers 4.2 The Legal Relationships between Bankers and Their Customers 4.3 Personal Customers 4.4 Sole Traders 4.5 Partnerships 4.6 The Accounts of Limited Companies 4.7 Clubs and Other Non-Profit-Making Societies 4.8 Other Specialized Account Holders 4.9 Conclusions about the Accounts of Customers 4.10 Rapid Revision: Accounts for Different Types of Customers 4.11 Exercises: Types of Customers 5 Customer Services 1: Money Transfer and Finance 5.1 The Changing Pattern of Banking Services 5.2 Money Transfer 5.3 Credit Card Services 5.4 Overdrafts and Loans 5.5 Sophisticated Financial Services 5.6 Rapid Revision: Personal and Business Customer Services 5.7 Exercises: Money Transfer and Financial Services 6 Customer Services 2: Other Services 6.1 Insurance Services 6.2 Investment and Pension Services 6.3 Foreign Exchange and Overseas Trade Services 6.4 Risk Management Services 6.5 Advisory Services 6.6 Rapid Revision: Other Customer Services 6.7 Exercises: Other Customer Services 7 The Legal Bases of Banking 7.1 The Banker-Customer Relationship 7.2 Terms Implied in the Banker-Customer Relationship 7.3 Deposits and the Debtor-Creditor Relationship 7.4 The Banker's Charges 7.5 The Banker's Duty of Secrecy 7.6 Wrongful Dishonor of Cheques 7.7 Rapid Revision: The Legal Bases of Banking 7.8 Exercises: The Legal Bases of Banking 8 The British Banking System 1: The Bank of England 8.1 The General Framework of Banking 8.2 The Organization and Functions of the Bank of England 8.3 Advising the Government on Financial Matters 8.4 Supervision of the Banking System 8.5 The Note Issue 8.6 The Bank of England as the Government Bank 8.7 The Bank as Manager of the Gilt-Edged Market 8.8 Discount Houses and the Lender of Last Resort 8.9 The Bank and the Foreign Exchange Market 8.10 The Bank of England as a Central Bank 8.11 Rapid Revision: The Bank of England 8.12 Exercises: The Bank of England9 The British Banking System 2: The Main Institutions 9.1 Introduction 9.2 The Merchant Banks 9.3 The Discount Houses 9.4 The Clearing Banks 9.5 The Bankers' Clearing House 9.6 Authorized Deposit-Takers 9.7 The Foreign Banks 9.8 The European Investment Bank 9.9 The World Bank 9.10 National Girobank 9.11 Finance Houses 9.12 The National Savings Bank 9.13 The Department for National Savings 9.14 The Building Societies 9.15 Rapid Revision: The Main Institutions of Banking 9.16 Exercises: The Main Institutions of Banking10 The London Money Market 10.1 Introduction 10.2 The Two Money Markets 10.3 The Discount or Primary Market 10.4 The Secondary Money Markets 10.5 The Local Authority Market 10.6 The London Interbank Market 10.7 The Finance House Market 10.8 The Building Societies Market 10.9 The Intercompany Market 10.10 The Certificate of Deposit Market 10.11 The Eurocurrency Market 10.12 The Sterling Commercial Paper Market 10.13 Rapid Revision: The London Money Market 10.14 Exercises: The London Money Market11 The Consumer Credit Act 1974 and Other Legislation 11.1 Nature of the Consumer Credit Act 1974 11.2 Regulated Agreements 11.3 The Form and Content of Regulated Agreements 11.4 Canvassing off Trade Premises 11.5 Annual Percentage Rate (APR) 11.6 The Banking Acts 1979 and 1987 11.7 The Financial Services Act 1986 11.8 Rapid Revision: The Consumer Credit Act 1974 and Other Legislation 11.9 Exercises: The Consumer Credit Act 1974 and Other Legislation12 Bank Lending 12.1 The Aim of Bank Lending 12.2 The Eligibility of Borrowers 12.3 Credit Scoring 12.4 Procedures with Security for Loans 12.5 Other Advances 12.6 Rapid Revision: Bank Lending 12.7 Exercises: Bank Lending13 Savings and Investment 13.1 What are Savings? 13.2 The Avenues of Savings 13.3 The Clearing Banks and Investment 13.4 Authorized Deposit-Takers 13.5 Finance Houses 13.6 Investment Trusts 13.7 Investment in Building Societies 13.8 National Savings 13.9 Local Authorities 13.10 Life Assurance 13.11 Annuities 13.12 Rapid Revision: Savings and Investment 13.13 Exercises: Savings and Investment14 Assessing the Accounts of Business Customers 14.1 The Importance of Accounts 14.2 Double-Entry Book-Keeping 14.3 Evaluating a Customer's Accounts 14.4 Appraising the Trading Account 14.5 Appraising the Profit and Loss Account 14.6 Appraising the Balance Sheet of a Business 14.7 The Balance Sheet of a Failed Business 14.8 Rapid Revision: Assessing the Accounts of Business Customers 14.9 Exercises: Evaluating a Customer's Business15 The Accounts of an Imaginary Clearing Bank 15.1 The Accounts of a Public Limited Company 15.2 The Profit and Loss Account of a Bank 15.3 The Balance Sheet of a Bank 15.4 Liquidity versus Profitability 15.5 Other Points about the Bank's Published Accounts 15.6 Rapid Revision: The Accounts of Banks 15.7 Exercises: The Final Accounts of a Bank 16 Foreign Dealings 1: Foreign Exchange and Travel Facilities 16.1 The Need for Foreign Dealings 16.2 Foreign Currencies 16.3 Foreign Currency Accounts 16.4 Travel Services 16.5 Business Travelers 16.6 The Foreign Exchange Clerk 16.7 Rapid Revision: Foreign Exchange and Travel Facilities 16.8 Exercises: Foreign Exchange and Travel Facilities 17 Foreign Dealings 2: Payments in International Trade 17.1 The Nature of International Trade 17.2 Methods of Payment in International Trade 17.3 Incoterms: The Terms Used in Overseas Trade 17.4 Documentation of Overseas Trade 17.5 Cash with Order Transactions 17.6 Letter of Credit Transactions 17.7 Documents against Payment (D/P) Transactions 17.8 Documents against Acceptance (D/A) Transactions 17.9 Open Account Transactions 17.10 Goods on Consignment 17.11 Rapid Revision: Payments in International Trade 17.12 Exercises: Payments in International Trade 18 Other Schemes to Help Exporters 18.1 Introduction 18.2 Small Exporter Schemes 18.3 Full Post-Shipment Non-Recourse Finance 18.4 Lines of Credit 18.5 Buyer Credit Finance 18.6 Overseas Disbursement Services 18.7 Forfeiting 18.8 Countertrade Facilities 18.9 Guarantees, Tender Bonds and Performance Bonds 18.10 Economic Reports and Information 18.11 Rapid Revision: Other Schemes to Help Exporters 18.12 Exercises: Other Schemes to Help Exporters19 Marketing Customer Services 19.1 Attitudes to Marketing 19.2 A Definition of Marketing 19.3 The Marketing of Services 19.4 Marketing Methods 19.5 Conclusions about the Marketing Function 19.6 Rapid Revision: Marketing Customer Services 19.7 Exercises: Marketing Customer Services 20 The Institute of Bankers 20.1 Professional Qualifications and Banking 20.2 The Chartered Institute of Bankers 20.3 Membership of the Institute 20.4 The Institute's Educational Policy Rapid Revision 1 The History of Banking 1: The Origin and Development of Banking to 1760 2 The History of Banking 2: The Country Banks 1760-1914 3 The History of Banking 3: The Bank of England Since 1844 4 The Development of the Money System 5 The Supply of Money 6 Banking and the Creation of Credit 7 The Types of Accounts Available to Customers 8 More Detailed Points about the Operation of Customers Accounts 9 Some Special Types of Customers 1 10 Some Special Types of Customers 2 11 Personal Customer Services 12 The Legal Bases of Banking 1: The Banker-Customer Relationship 13 The Legal Bases of Banking 2: More about the Contract between Banker and Customer 14 The Structure of Banking 1: The Bank of England 15 The Structure of Banking 2: The Chief Financial Institutions 16 The Structure of Banking 3: The London Money Market 17 Assessing the Accounts of an Ordinary Business Customer 1: The Trading Account 18 Assessing the Accounts of an Ordinary Business Customer 2: The Profit and Loss Account 19 Assessing the Accounts of an Ordinary Business Customer 3: The Balance Sheet 20 The Accounts of a Commercial Bank 21 Bank Lending 22 Savings and Investment 23 Services to Business Customers 24 Foreign Dealings 1: Principles of Foreign Exchange 25 Foreign Dealings 2: Negotiable Instruments 26 Payments in International Trade 1: Cash with Order and Open Account Terms 27 Payments in International Trade 2: Letters of Credit 28 Payments in International Trade 3: Documentary Collections 29 Other Schemes to Help Exporters 30 Consumer Credit and Banking 31 Marketing Customer ServicesGlossary Index
- Edition: 1
- Published: May 21, 2014
- Imprint: Butterworth-Heinemann
- Language: English
GW
Geoffrey Whitehead
Geoff Whitehead is one of the original Made Simple authors and has sold over 2 million Made Simple books. Before writing full-time he was Head of Professional Studies at Thurrock College, and he now runs a small business consultancy for one of the main publishers of account books. With day-to-day advice at a grass roots level he is still 'keeping it simple' for 350,000 book-keepers using the system each year.
Affiliations and expertise
BSc(Econ)Read Elements of Banking on ScienceDirect