Giral Money
is money issued by commercial banks in the form of securities.
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Definition of Giral Money
//Category: Bank
//Definition of Savings
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Savings
is a deposit whose withdrawal can only be made according to certain agreed conditions, but cannot be withdrawn by check, demand deposit, and / or other similar equipment.
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Definition of Deposits
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Deposits
is a deposit product in a bank whose deposit and withdrawal can only be done at a certain time.
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Definition of Current Account
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Current Account
is a banking term for a method of payment that is almost the opposite of a check system, in the form of a warrant to transfer money from someone’s account to another account designated by the letter.
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Bank functions
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The bank has a function which among others is to raise funds
To carry out its function as a fund collector, the bank has several sources which in general there are three sources, namely:
1. Funds originating from the bank itself in the form of capital deposits at the time of establishment.
2. Funds originating from the wider community are collected through banking businesses such as savings accounts, deposits and savings.
3. Funds sourced from Financial Institutions obtained from loan funds in the form of Liquidity Credit and Call Money (funds that can be withdrawn at any time by the borrowing bank) and meet the requirements. Maybe you have heard of several banks liquidated or frozen, one of the reasons is because many loans are problematic or stuck.
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