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WebApr 6, 2024 · Banking is the business of protecting money for others. Banks lend this money, generating interest that creates profits for the bank and its customers. A bank is … New Zealand’s first banks were set up in the 1840s. Some banks from the 1800s survived into the 2000s, such as the Bank of New Zealand. There were quite strict laws that set out what banks and other financial institutions could do. See more In the 1980s there were law changes that meant banks and other financial institutions needed to be more competitive. Many … See more Banks and finance companies make their money by charging higher interest on money they lend than the interest they pay on money they borrow. They also charge fees for some services. See more As well as lending and borrowing, banks allow people to pay for things using non-cash methods such as: 1. cheques 2. EFTPOS (electronic funds transfer at point of sale) 3. credit cards 4. direct credit and direct debit. See more Before the 1980s the structure of each bank branch was quite rigid. The manager made the big decisions. Few women worked in banks, and those who did had little opportunity for … See more robot dog china
Reform global financial architecture to achieve sustainable …
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