The the past of cash At different periods of time and in different components regarding the globe many different commodities have served as money. These commodities were: cattle, sheep, leather, fish, tobacco, tea, pepper and others. Commodity should be fairy durable, with no problems divisible and portable that to deliver effectively as money. None regarding the above-mentioned commodities possessed all this qualities, and in time they were replaced by precious metals, first by silver, later by gold. The coins came into use, when metal was cutting into definite weight, when the payment was made.
Cardboard cash first came into use within the shape of receipts provided by goldsmiths in exchange for deposits of silver and gold coins. Then, when goldsmiths became bankers their receipts became banknotes. That is how first banknotes came into existence. The London Stock exchange A stock exchange is a highly organized financial market where bond, shares and other securities should be bought or sold. It function is to place those that wish to sell securities in touch with those that wish to buy them.
Stock market business is worldwide. There is London, New York, Tokyo, Paris, Amsterdam, Brussels and other mega policies are the well-known centers of stock exchange activity. The London Stock exchange one regarding the biggest financial centers. London has had a stock exchange for over 200 years. It moved to different locations and different buildings.
In 1986 Large Bang legal reforms was implemented and Exchange was change radically. Now it has a screen-based trading, stockbrokers deal in securities through telephones and computers. The Russian Stock Market is not so successful now, but it has a tremendous potential and of course our market soon shall grow to one regarding the first financial centers. Personal finances Financial security is the highest many important thing in family finances. This is not similar thing as being rich; it means being freed from the should ponder about money, living within your means.
For day-to-day living you need ready cash but you also need a bit in reserve for a rainy day. First thing to ponder about is your current account and how many is in it. Our family, for example, keeps all of our cash in a saving account with a bank. And all of us have credit card, due to the fact that credit card is a helpful method of handling with unexpected expenses. But credit is always costly, and of course it's just another shape of debt.
For some people, however, living on credit is a normal method of life. There is a credit from suppliers, hire buy and loans from banks are the forms of consumer credit. Our family also is not afraid to use consumer credit. We ponder that credit enables us to like the use of products and services prior to we have fully paid for them. And, of course, we are not afraid to use consumer credit due to the fact that we hold a constant income.
People earn cash in different ways: they get an income from employment, from keeping cash in a saving account with a bank, from renting property, from investing in shares within the stock market. For example our family income returns from different sources. The largest source is my parent's employment and return from their savings. Also we hold little income from investing in shares. Nearly all cash goes on rent, utilities, transport, clothes and food.
Our income is not large, we a middle-class family. The worst-off people are the unemployed and the homeless. For people living at a subsistence position even buying essentials is a struggle. They sometimes take out loans, borrow cash from banks, but very many times they can be unable to cope with repayments. Banks are not willing to lend cash to such people.
My personal income is not large, but it is enough for me. My parents release me a pocket cash and I get a grant. All my income I give on leisure and entertainment. I try to be punctual about my finances, but sometimes it is very difficult for me and I do not do it well. More articles no this topic SEE HERE.
No comments:
Post a Comment