zack's Articles in Finance - Deposit Articles

zack's Articles in Finance

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What is Financial Securities t's correct that financiers also invest money in instruments, and that a number of these are foreign, but here again the proportion invested abroad is so little that we might be moderately certain that any money left by us in the hands of our financiers will be employed at home. They keep what is referred to as a current account, composed of amounts paid in in notes or in cheques on other banks or their own bank, and against this account they draw what's required for their weekly and regular payments, often, also, they keep a specific amount on deposit account, that's an account on which they can only draw after giving a week's notice or even more. On their deposit account they receive interest, on their present account they may in some parts of the country receive interest on average balance kept.

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