Credit is something that people make a real big deal about.I can make or break a person’s financial life.There is so much that you can do by just having credit .People don’t realize what it can do if you mess up.At a young age,man and women seem to think that credit is everything.Which in some case it could be. You might need to get a car but don’t have the  money right off. So they have to rely on their credit. I would have to say the when were young were foolish. We often over extend out selves with our bills. Most likely because we haven’t had any experience with paying any bills. So they get these offers from credit card companies give these. It just seems that there has not much been much that has changed. Most of the time if you are smart with you money then everything will be okay. My point is that now they really won’t tell you everything unless you ask. One difference I see is the way they do it. To me I think that the differences between now and then are few and far between. Still some mat consider that ,but if you pull out a wad of bills.

How has the commercial banking industry transformed over the last fifty years?What are the forces behind such as transformation?Explain in light of environment,risks,profits ,and regulations.Highlight the changes in the assets and liabilities of commercial banking.The commercial banking industry began to change drastically around the 1960’s.Because the economy was growing rapidly so did the demand for loans .The commercial loans.The commercial banking industry main challenge prior to 1960 was finding excess loans and after 1960 their main concern was finding enough deposits to satisfy this increased demand for loans.This increased demand for loans spurred competition among banks in that they tried to outbid each others deposit rates.In an effort to prevent this “destructive competition”the Federal Reserve passed Regulation Q.Regulation Q was the Federal Reserves  way of imposing a celling on deposit rates which intended to promote stability among banks.However,one of the major downfalls of Regulation Q was its exclusion   of market interest rates.When market interest rates went up money market instruments such as T-Bills and commercial paper became more attractive to investors,specially Corporations.This marked the beginning of the end for Regulation Q. Which  exchange rate do we currently adopt in the Under floating rates,a country runs a balance –of payments deficit, the supply of its money offerd exceeds the demand and its money depreciates in value relative to  other monies.

Checking accounts are bank accounts which enable account holders to deposit and withdraw funds on demand through various means such as debit cards, checks and others. Checking accounts are also known as current accounts and demand accounts or demand deposit accounts because they provide funds on demand. In the 16th century, Amsterdam was a bustling trading and shipping hub. Large amounts of money were dealt with daily. Merchants would deposit them with cashiers for a small fee instead of carrying them around. Soon, many people began to rush into the cashiering business and cashiers were forced to come up with additional services to entice more depositors, including paying out cash to anyone bearing a written order from the depositor. Cashiers would keep the note as proof of payment. Sometimes, depositors would issue a written order for cashiers to deduct whatever money owed to the latter from the amount of money deposited.

This practice expanded to the English colonies in North America. Boston land barons would mortgage their land to cashiers who would open an account for them. These land owners can then write checks against that account. In the 16th and 17th century, people started voicing concerns about entrusting their money with strangers and relying only on little pieces of paper for proof. However, these accounts continued to gain popularity. Most experts believe the word ‘check’ was first used in 18th century England, along with pre-printed checks and serial numbers. Bankers would deploy bank messengers to cash the checks from issuing banks, but this involved a lot of travelling with large amounts of cash. Ultimately, the idea for clearing houses came up. Clearing houses are organizations that transfer money between member banks, increasing the efficiency of cash transactions. According to banking legend, the idea for clearing houses came from a chance meeting between two bank messengers at a British coffee shop who discovered they had checks drawn from each other’s banks and decided to exchange checks to save a trip.