Financial Services Essay, Research Paper
What is meant by financial services?
Financial services in today’s society has become more than what a high street bank can offer you from behind a counter. It has become a diverse functional area within any economically adequate society. Throughout this essay I have tried to grasp the main concepts concerning Financial Services and condense them into an essay of relatively minor proportions in comparison to the subject matter. I hope I can give you, the reader an insight into the world of financial services in all its diversity.
So what is meant by “financial services”. To be honest there is no straightforward definition such is the spread of financial services across the business spectrum. We can however dam different organisation under the heading of financial services to give you an idea of what financial service intails.
Financial service is understood to include “banking, insurance, building societies, stock brooking and investment services”. These are the 5 main areas described by Brian Anderton in his 1995 book “current issues in financial services”. Brian also found it difficult to pinpoint a definitive meaning and found it easier to list organisation associated.
Going in to detail when concerning the institution aids in creating a further understanding of financial services yourself. Of the main financial institutions banks are the most common. Banks can be either “commercial” or “merchant”. Dealing with retail and investment respectively. Commercial banks are easily found on the high street and rely on deposits from ordinary people. There is very little interest paid to their savings accounts however savers can borrow sums of money from the banks from which the banks make profit from interest on the loan. Merchant banking is slightly more complicated when dealing with finances and in my opinion is more exciting. Merchant banks arrange finance deals and charge for this service. This investing is slightly risky and less straightforward. However the profit rewards outweigh the timescale and effort needed to invest.
Investment institutions such as pensions and insurance companies again take the liquid earnings of their clients and invest them in a wide range of profit making investments. Payment to these companies often takes the form of monthly payments taken by debit from wages. These companies give clients a sense of security, and in the claim free years to come, the chance of a large windfall payment.
Large investment institution deals with modern day trading, the trading of assets and debt. It is not fast companies that trade but individual people. In this hectic rat race people and institutions stand to loose and gain huge amounts of money. Due to the uncertain nature of this trade, people and institutions are extremely keen to lend as this is seen as a stable funds reclaim if it becomes necessary to do so.
The textbook definition for GDP- across domestic product is the total value of all the goods and services produced by the residents in this country. The fact that the financial sector and service sectors are growing is in no doubt, neither is the quite mind blowing increase in gross domestic product from years 1952 – 1992. An overall increase of 21% of EDP from ?381m in 1952 to ?121704m in 1992 this growth is nothing less than remarkable.
This forty-year spell has seen such a huge financial success in terms of the sheer man of profit gain that the reasons for FS contributing so greatly to the GDP must be assessed.
In the past Britain could be seen as a true industrialist profits made and traded through visible earnings such as machinery and farm produce. However the rise in strength of nation such as the US and major Asian powers, with their seemingly endless resources has seen the death of Britain the industrial workhorse.
On this level Britain could have remained at a financial and trading standstill. Not so however Britain has found its new market – the financial market. And with an educational population Britain set about resurrecting the countries profit making ability through invisible earning of finance matters.
The idea of visible and invisible earnings is extremely important to Britains economy. So let me explain that apart from obvious differences between visible and invisible.
32b
Другие работы по теме:
Mba Essay Research Paper Your first step
Mba Essay, Research Paper Your first step is to read our Beginner?s Guide to Postgraduate Study in the USA, which provides introductory information on US degrees, admission requirements, how and when to apply, admissions tests, costs, financial aid, including Fulbright awards, and visas. The Beginner?s Guide is available on our Web site, through the post, or can be collected from our London office.
Finding Our Past Essay Research Paper Reading
Finding Our Past Essay, Research Paper Reading Ruth In Finding Our Past, Rebecca Alpert suggests that Ruth married Boaz for financial stability in her lesbian relationship. This is an indication of society back when the book of Ruth was written, since women were dependent on men for financial support. In today?s society, lesbian couples are still not entirely accepted, but two women in a relationship would be able to support themselves financially.
Y2k The Truth Shall Set You Free
Essay, Research Paper It s certain that the beginning of the year 2000 we will have computer problems related with the Y2K bug. The Y2K bug will affect services we use everyday such as, Communications, Electric power, Oil and Gas, Transportation, and Water supply. Unfortunately many people are skeptical and believe the Y2k bug is going to cause the end of the world, as we know it.
Not For Free Essay Research Paper Obtaining
Not For Free Essay, Research Paper Obtaining things for free is fast becoming a thing of the past. This is especially true online. Internet users were shocked in early November when Napstar, a company associated with free music online, announced a plan to begin charging for money for its popular service. It is also rumored that Scour Exchange, another free music service, will soon be charging for their services .
Starting Again Essay Research Paper Start AgainStarting
Starting Again Essay, Research Paper Start Again Starting a new life in another country can be extremely stressful. To adapt to a different culture, to lack of financial support and absence of the family can be a very threatening situation.
Inflation Essay Research Paper InflationInflation is defined
Inflation Essay, Research Paper Inflation Inflation is defined as ?a period of rising prices when the purchasing power of the dollar is falling.? What this boils down to is that as time goes by the dollar bills worth decreases while at the same time prices rise. Now when I say the dollar bill?s value decreases I don?t mean a dollar reduces to ninety cents.
The Importance Of Budgeting And Long Range
Financial Goals Essay, Research Paper The Importance of Budgeting and Long Range Financial Goals Me, being a financial independent have experienced first hand how important it is to keep a financial plan. Using a financial plan I have elevated my savings abilities a long way. Knowing where each dollar is being spent helps the spender to manage each dollar in an uplifting way.
Econ Essay Research Paper The federal progressive
Econ Essay, Research Paper The federal progressive income tax has been an issue that has been argued on the floors of Congress, in front of the United States Supreme Court, in front of television cameras, and around the dinner table. The tax served its purpose in supplementing revenue during the Civil War and World War I, but continued taking from Americans’ income in peacetime, allowing fewer dollars to be spent on goods and services.
Measure 91 Essay Research Paper Is Measure
Measure 91 Essay, Research Paper Is Measure 91 good for Oregonians? No! While many people agree with the principle of Measure 91, which would stop Oregonians from paying taxes on the money that is paid as federal tax, the financial impact of the measure and the uncertainty of it’s intended effects could make this measure financial devastating to the people it intends to help.
Music Essay Research Paper 3
Music Essay, Research Paper 3. J.S. Bach was an organist and choirmaster for Lutheran churches. Bach devoted his life to composing music for the church services. He wrote magnificent music for the organ, for choral groups, for clavier and harpsichord, for orchestra, and for small groups of instruments.
Financial Article Essay Research Paper Goldman Sachs
Financial Article Essay, Research Paper Goldman Sachs is the last big Wall Street investment bank to go public. In this story they are explaining how is the timing of its IPO (Initial Public Offering) going to be affected by the market at this moment. The market at this moment is very volatile. Some people think that the market is too high and that a correction is in our way very soon.
Issues On Privatization Essay Research Paper What
Issues On Privatization Essay, Research Paper What are the issues of privatization and federalization? Transferring authority to states and localities also encourages a comprehensive and insists that governmental decisions are and should be made accordingly. With such strategies Washington officials are in effect saying: ?Let local officials decide what is proper policy in their locality.
Smart Cards Essay Research Paper Smart cards
Smart Cards Essay, Research Paper Smart cards are transforming business around the world from reducing fraud and opening up on-line transactions in banking, personalizing services for mobile phone users, to securing access to PCs and corporate networks, and speeding transportation by using electronic ticketing.
Charles Schwab Essay Research Paper Mission To
Charles Schwab Essay, Research Paper Mission To provide customers with the most useful and ethical financial services in the world. Organization Founded in 1974 as one of the country’s first discount brokerages, The Charles Schwab Corporation through its subsidiaries today provides a broad array of financial services to individual investors, independent investment managers, retirement plans and institutions.
William Blake Essay Research Paper This week
William Blake Essay, Research Paper This week I was scheduled to work with Irene Balli. She is one of dining services main managers. She mostly oversees all of the banquets that go on here at Marywood. On the 16th of April was the Cor Marie, which is a very large banquet that consists of all major heads of all departments at Marywood.
Aids Action Essay Research Paper Interest Group
Aids Action Essay, Research Paper Interest Group: Aids Action 1. Size- Is this a national, regional, or local interest group? Membership- How many people are members at national and local levels?
Athlete Dying Young Essay Research Paper The
Athlete Dying Young Essay, Research Paper The Critical Analysis & Summarization of "To An Athlete Dying Young", by A.E Housman This poem is telling the reader that you can not
Dell Company Essay Research Paper 1 One
Dell Company Essay, Research Paper 1. One force that is driving the strategic direction of Dell is the server market. Dell is currently fourth in server sales. Dell has also moved into the international market, including various web pages for different countries, each with separate languages. Computers are also manufactured in foreign markets to cut cost.
Dvorak Keyboard Essay Research Paper The Dvorak
Dvorak Keyboard Essay, Research Paper The Dvorak keyboard layout has been slow to catch on due to lack of scientifically conclusive evidence that it is superior to the QWERTY sequence. The majority of positive test results seem to come from Dvorak himself, who had a financial and intellectual investment in his patent.
America And The Disabled Essay Research Paper
Is it right for America to treat the disabled the way they do? America ignores the need to modernize public facilities for the disabled. However, the government provides for these facilities. Supporting the disadvantaged is something that may not be to the financial advantage of our government. Thus, America tends to treat disabled unfairly.
Eletronic Banking Essay Research Paper Corey Melke5299
Eletronic Banking Essay, Research Paper Corey Melke 5/2/99 BUS 256 Mr. Hunkins ELECTRONIC BANKING The Electronic Banking Association (EBA) is a non-profit organization established to do one simple thing-help more people get started with electronic banking. Here’s why. Who taught you how to write paper checks? Probably your parent’s right? Well, who’s going to teach you how to write electronic checks? Probably NOT your parents.
Accounting Essay Research Paper ABC is crucial
Accounting Essay, Research Paper ABC is crucial because it tells managers which products or services make or lose money – they usually don’t know. Traditional cost allocations often depict an unrealistic, inadequate view of profitability, sometimes distorted by hundreds of percent. In most cases, ABC is designed to provide profitability information for each segment of their product/service market matrix.
Internet Marketing Essay Research Paper Internet Marketing
Internet Marketing Essay, Research Paper Internet Marketing and Associated Topics Computers and the Internet are becoming faster and capable of new and exciting things every day. Through this evolution, businesses have begun to reach out to consumers in new, unprecedented ways. With the amazing growth of users of the Internet, and the enormous growth that is expected to continue, businesses are aware that there is tremendous potential to provide and promote products and services in previously inconceivable ways.
The Digital World Essay Research Paper Today
?The Digital World? Essay, Research Paper Today we live in ?the digital world?, the internet reins supreme it?s the future, the next frontier. The age of digital music is upon us mp3s ras wmas etc. and along with all this is a means to share it. File shareing services and software. It is now possible to go online type in the name of the song wanted and download it.
Medicare Essay Research Paper MEDICAREMany articles
Medicare Essay, Research Paper -MEDICARE- Many articles have been written about the medicare program in Canada. It’s a real intense topic in Canada today. This brief essay is based on the costs of medicare , an introduction to the medicare program, and if our country Canada can afford the medicare program.