Banking Sense (BM/2015/308)

Commercial Bank PLC Product of the bank,          1.       Savings Accounts A.     Main Accounts                            I.           Regular Savings Accounts If you are a resident of Sri Lanka, over the age of 18 years, you can open this as an individual account or a joint account. The interest rate of this account is 3.50% P.A.                          II.           Super Saver Accounts You can open an account with a minimum deposit of Rs 50,000/-. Higher interest rates as your deposit value increases. A Loan facility up to 90% of deposit balance at a special concessio...

Evolution of Money Evolution  of cash   is maybe   one in every of   the largest  invention in human history.  the money   wasn't   unreal however  it evolved with passage  of your time   consistent with  the  dynamical   needs  of economies. Evolution  of cash  has  older  following six stages, Barter System Commodity Money Metallic Money Paper Money Bank Money or Credit Money Electronic  Money Above mentioned sages of money evolution  are discussed as follow,         1.      Barter System This is the oldest method of exchange thing among people to fulfil their needs and wants. People used to exchange goods and services for other goods and services. The value of bartering things may be negotiated with the opposite party. Bartering doesn’t involve cash that is one amongst the benefits. There are some advantage...