Category: Finance

Where Blockchain Technology Makes SenseWhere Blockchain Technology Makes Sense

The application examples for blockchain technology are widespread. They range from banking, trade and industry to the public sector.

These are the main uses

International Payments

Blockchain technology enables international payments without a middleman like a bank. This reduces transaction costs and increases speed at the same time. Projects are also underway in some banks to use the blockchain to automate and simplify their manual international transactions.

Peer-to-Peer Transactions

Paypal is an example of such transactions. The aim of the applications is to enable virtual money between individuals and businesses. However, these systems have weaknesses and limitations. Blockchain technology could be used to avoid the risk of hacking or international restrictions.

Insurances

Insurers can use blockchain technology to transparently regulate contracts as well as claims settlement. All contracts and all claims for damages would be managed by the network and false claims would be filtered out.

bitcoin 360 ai

Artists, media, advertising

Pirated copies and the rapid spread on the Internet make it difficult, especially for musicians and authors, to earn money on the Internet. With the help of blockchain technology like bitcoin 360 ai, the created content could be distributed and paid for when used. The advertising industry could easily offer advertising and have it processed via the blockchain.

Discover fakes

Since the information in a blockchain cannot be altered, it can also be used to track individual products. For instance, products or medicines can be provided with a code. With this, the entire history of the product could be called up and counterfeit medicines could be uncovered, for example.

Mobility

By allowing information to be shared and property to be made available to someone for a certain period of time, the blockchain would also change your mobility. So it would be possible to use a car and pay for it directly. Cost, ownership and usage would all be registered on the blockchain.

Energy

Great progress could be made in the complicated energy market thanks to the transparency and traceability of blockchain technology. Private solar systems can bill better, tracking the energy is easier, asset management is simplified and certificates of origin are issued more easily.

Another example can be electric cars.  The energy can be allotted to each car separately, no matter where it refuels in the network. This would make billing easier.

Towing Business: When Finances Are TightTowing Business: When Finances Are Tight

If you’re willing to be honest about your finances, you’re on the right track. If you then find that your shop is permanently down, it is high time to change that. There are a number of levers you can use.

What to do when finances are chronically tight in your towing business?

Cut costs

The easiest way is to cut costs. Question every item on your spending page. Start with the biggest cost drivers. As the operator of an online towing san jose service, however, you can achieve a lot by making savings in this area.

Work through all the costs step by step including the private ones. Make a note of whether and how much money could be saved in each case and what needs to be done for it.

towing san jose

Increase Revenue

A second approach is to increase revenue. This is always desirable from a business point of view, but requires a little more thinking. Simply raising the prices because money is tight rarely proves to be effective, because it could scare off even more customers. Instead, think about how you can increase your sales. How can you inspire customers? The best way to find out is to ask them in person.

Be open to criticism and explain at the beginning what you are talking about. If the people you are talking to realize that you are not conducting a sales pitch, they will certainly be happy to help you.

Develop an effective marketing strategy and set realistic goals. In addition, you should always think about new products and sales channels. This is part of your daily work as an entrepreneur.

Take out a loan

Your house bank is also an important contact when it comes to ensuring liquidity. But don’t go into the interview unprepared.

Only if you can make it clear to your financiers how you can get your shop back on the road to success will they stand by you even in difficult times and not refuse you the loan. In addition, a loan is only a solution if you can actually make the ongoing repayment. Otherwise it just pushes the problem backwards.

5 Forex Trading Mistakes You Should Avoid5 Forex Trading Mistakes You Should Avoid

Forex trading

 

When beginners get into Forex trading, many of them hope to make attractive profits in a short period of time. Most of them fall into the typical “traps” of trading. These cost money and motivation. You can avoid this by simply hiring the best forex broker or by dealing with the most common mistakes before entering the Forex market.

1. Trade without a long-term strategy

One of the common mistakes that mainly beginners make is improvised trading. If you are not familiar with forex trading, quickly bet on the wrong forex pairs and have to accept financial losses. For this reason, before signing up with a broker, you should find out what Forex is and how trading works.

Get an overview of the most important terms in Forex trading. Get beginner tips. For traders who are dealing with forex for the first time, it is worth taking a closer look at this page.

2. The search for the quick money

Inexperienced traders expect quick wealth when trading Forex. To make a high profit in a short time, they invest a large amount of equity in a currency pair. It makes more sense to align your own trading strategy with a long-term goal. Keep in mind that due to the volatile market situation, no trading system yields constant profits.

 

ALSO READ: How to Save More Money With Credit Cards

 

3. Acting with excessive risk

If Forex trading for beginners is associated with thrills, they quickly overestimate their own abilities. To increase the tension when trading, they opt for high leverage. They expect significant profits from the leverage effect, but ignore the increased risk of loss.

In order to first get a feel for Forex trading, trading without leverage is recommended. Alternatively, as a beginner, you can opt for a demo account, which numerous brokers offer free of charge. Here you can set risk-free trades, create trading strategies or get an overview of the various Forex signals. Likewise, in many Forex trading simulations, you will learn about the effect of a lever in order to be able to estimate its risk in real trading.

4. Lack of psychological preparation

In Forex trading, market participants’ intentions influence market volatility. Fear or greed drives up the value of certain currency pairs or tempt them to make a hasty investment. To protect yourself from a spontaneous wrong decision, you need a psyche prepared for trading. You will strengthen them by providing you with comprehensive knowledge about Forex trading and building a sound trading strategy with a long-term goal. Both allow you to keep a cool head in stressful situations.

5. Select the wrong broker

If a well-thought-out trading strategy does not lead to success, financial losses can result from choosing the wrong broker. Too high spreads or delayed order execution will affect trading success in the Forex market, depending on your strategy. You can avoid this by carrying out a detailed broker comparison before you register, with the main focus on your individual needs.

Best App For Budgeting: Way To Allocate FundBest App For Budgeting: Way To Allocate Fund

A budget is a financial amount available to a company for a fiscal year or a separate project. The determination is usually made by comparing the income and expenses or the costs and income related to a fiscal year or a separate project.

Besides, budgets can also be allocated to projects by the company deciding how much it wants to spend on a specific project. It’s important to be realistic.

What is the budget made up of?

To determine the budget for a fiscal year or a separate project, you first need the balance sheet at the beginning of the fiscal year. This is followed by a profit and loss account, which is compared with the balance sheet. You then decide on a realistic budget that can be met.

best app for budgeting

Best app for budgeting: What is the best way to allocate your money?

In a successful company you should always be very economical with your resources.

A responsible and forward-looking approach to your budget is therefore very important. You have to learn to differentiate between what you want and what is also possible.

It is particularly important that you determine your budget, because you can only start a project if your budget is sufficient. During the project, too, it is elementary to check at regular intervals whether you can stick to your budget. If you’re going over your budget, you need to be aware of what that means for your business. This can vary greatly depending on the size of the company.

At the end of the project or financial year, a financial statement is drawn up to provide an overview. Here you can determine all deviations. Important conclusions are then drawn from this conclusion, which you can consider and apply for the following year or project.

Budgeting for your business using online app

In the online best app for budgeting, the balance sheet and the profit and loss account are created for you automatically and in real time. All you have to do is manage your financial affairs. In this way, a large part of your budget has already been determined for you. Thus, take advantage of budgeting app to manage the finances of your business.

Basics Of Cabinet Making Corporate FinanceBasics Of Cabinet Making Corporate Finance

Business finance or commonly referred to as corporate finance in the business environment governs the allocation of resources. It reviews financing options for debt and equity, prepares economic forecasts, and various other functions. Small wholesale cabinets companies usually do not yet have any significant corporate finance departments. Their financial requirements are usually much lower than for larger companies. Small business owners can also rely on external advice when making business financing decisions. Here, too, corporate finance encompasses the administration of the company’s finances as well as the company’s processes and policies.

Important facts about wholesale cabinets corporate finance

Business finance uses statistical formulas to create financial results related to business information. Business owners can work with internal or external business information. Internal business financing formulas usually relate to make the most of production output. It also relates to eliminating downtime in business operations. External business financing formulas provide business owners with an overview of the economic market and potential business opportunities.

wholesale cabinets

The different types of business financing

Formulas commonly used in corporate finance include present value, payback period, return on investment, and similar mathematical formulas. Present value evaluates future cash flows from business conditions and discounts them to today’s value.  Payback period formula is an ordinary design that divides the initial capital expense by the number of months it will take the company to replenish that amount. The return on investment is the total return on the investment minus the cost of the investment divided by the cost of the investment.

Function of business finance

Business financing formulas provide business owners with specific information related to return on investment for different business areas. These formulas help entrepreneurs match the total cost of each business decision as well as the possible profit each one offers the company. Owners can set the lowest return percentage if they make business decisions. Designing a higher minimum return percentage can allow companies to include a buffer amount to ensure the business achieves maximum profitability.

Funding considerations

Business owners may choose to implement business or accounting software to help them perform company financial analysis quickly and accurately. Many business software programs require the business owner to enter basic data. Once this function is completed, the business software uses standard formulas or custom formulas set up by the business owner to calculate the business finance formulas. This allows business owners to create multiple formulas with different business scenarios. It ensures they are making the best decision possible.

What Can Help To Improve Your Company’s Cash FlowWhat Can Help To Improve Your Company’s Cash Flow

The Importance of a Healthy Cash Flow for Businesses

A healthy cash flow is one of the most important aspects of any business. It allows a company to have the funds necessary to continue operating, maintain or expand its workforce, and stay competitive in the market.

Cash flow is the movement of money into and out of a business. A healthy cash flow will allow a business to stay afloat and grow, while a negative cash flow can be disastrous. In order to keep on top of your cash flow, you need to know where your money is coming from and where it’s going. The following are some ways that businesses can track their cash flow:

Business Cash Management: Managerial Tips for Improving Cash Flow

Cash flow is one of the most important aspects of a business. It is the lifeblood of any business. The importance of a good cash flow is to take a company from struggling to thriving.

  • Be aware of the cash flow cycle: The cash flow cycle is an important component for understanding how money flows in and out of a company. Understanding this will help you better understand where you might be able to make changes that would help your company’s cash flow.
  • Investigate your current processes: One way to improve your company’s cash flow is by investigating the current processes that are in place and finding ways to make them more efficient. For example, if you are using too much inventory, then look into methods that would allow you to reduce the amount of inventory needed while

Ways To Boost Business Cash Flow

Cash flow is the lifeblood of any business. It’s the money that keeps your company afloat, and it’s essential to maintaining a healthy bottom line. Here are some tips to help you improve your company’s cash flow:

  • Keep track of your expenses and income. When you know where you stand financially, it will be easier to make adjustments in order to improve your cash flow.
  • Investigate the best financing options for your business. A loan or line of credit can help you cover temporary cash shortages or provide funds for growth opportunities.
  • Get organized! Make sure that all invoices are paid on time, and that all payments are accounted for in one place so there is no confusion about what needs to be done next.

Read also: Lending Club: Financing For Entrepreneurs

Net 30 Accounts Can Help Improve Business Cash Flow

Net 30 accounts are a type of account that allows you to pay for goods and services up to 30 days after the date of purchase. This is different from net 15, which would allow you to pay up to 15 days after the date of purchase. Find a List of NET 30 Accounts at FairFigure.

It is important for businesses to have access to these types of accounts because they can help improve cash flow. This will allow them more time to make payments without having the risk of being late on any payments or interest penalties.

Businesses should look into this type of account because it can be a huge help in their cash flow management and overall business success.

How to Save More Money With Credit CardsHow to Save More Money With Credit Cards

A credit card on a laptop

 

Credit cards have increasingly become a part of everyday life, according to Card Insider. Mastercard reports that as of 2020, they have more than 100 million customers in Sub-Saharan Africa. While this is still below their target of 500 million, it shows how more people in the region are getting used to no longer using cash alone for transactions.

Many people see credit cards as an obligation, but if used wisely, there are actually many benefits to using them. Here are some ways you can use a credit card to your advantage:

1. Use only one card

Once you’re approved for your first card, you might be tempted to apply for more, but this isn’t a good idea. Having just one credit card makes your spending more manageable and prevents you from exceeding the budget.

It also helps you keep track of how much you actually owe and reduces the chances of you forgetting to pay different bills. This will help you save money in the sense that it prevents you from being tempted to spend more than you initially intended.

2. Have a clear spending limit

The same article also notes that it is important to have established a clear spending limit and automate it if possible. In this way, it will be impossible for you to go above your means, which is a problem that happens to many new credit card users when they receive their first card.

Often, limits are set by the bank with your application, so always keep them in mind to avoid problems. Doing so can help you be more aware of how much you’re spending and you’ll be able to make fewer purchases.

3. Ensure good creditworthiness

For those who want to build good credit, a credit card is one of the most effective ways to do so. A feature on credit scores describes how it can affect many financial aspects of your future life, such as applying for utilities, renting real estate, and even signing up for insurance.

Good credit scores are highly valued in many different countries, so it’s important to try to get a good score if you want to move abroad. You can do this by paying your dues on time and always staying informed of your bills. If you ever want to take out a loan, a good score is necessary to get approved for lower rates so that you can save more in the long run.

 

ALSO READ: The Political Factor on Forex Market

 

4. Spend to earn perks and rewards

For those who like to travel or buy shopping items, using a card can have many advantages. CNBC writes that many institutions have a points system that allows you to collect rewards by making purchases.

These points can then be converted into practical applications, such as airline miles, discounts at certain stores and even cashback percentages. The more you spend with your card, the more benefits you can receive from your provider. Just make sure you only spend money that you know you can repay.

5. Take advantage of price adjustments

One benefit of using a credit card that not many people are aware of is the terms regarding price adjustments. Certain companies have clauses in their contracts stating that if you bought something at full price but shortly after you saw it at a discount, you can request a refund for the amount you could have saved on.

A list on Forbes regarding several providers that license this includes Capital One and UBS. Be sure to read the terms and agreements thoroughly to see if you qualify for this benefit and what requirements your bank needs. This will help you save in times you could have spent less.

Conclusion

Always consider the pros and cons of this before applying for a credit card. Determine if it’s right for you and understand the risks. Pay your balance in full and on time to avoid any overdue fines.

If used properly, credit cards can help you save money in many different ways. Make sure you always use benefits and benefits to your advantage so you can get the most out of them.

 

Lending Club: Financing For EntrepreneursLending Club: Financing For Entrepreneurs

Every business needs capital to fund its operations. For example, fixed assets have to be purchased or inventories paid for. And this money often cannot be fully generated from the operational process, but partly comes from third parties.

Lending Club: Corporate finance occasions

There are a variety of reasons a company or private sector might need financing. The most common occasions include

Founding or start-up financing, where a new company needs capital to start up

Growth financing, where an already existing business needs money to be able to expand further, for example, to buy machines or to finance development.

Refinancing if, for example, a loan is to be replaced by another form of financing, e.g. equity.

Acquisition financing, for example, when capital is needed to buy or take over a business.

Reorganization financing to have the capital to be able to save an ailing company.

Project financing, for example, when it comes to providing capital for long-term and expensive projects in a company.

In the private sector, for example, the financing of a property through appropriate loans plays a major role.

Lending club: Internal financing of companies

Internal financing refers to all corporate financing that comes from the company itself. This is done in different ways. But what all variants have in common is that the required funds are raised yourself. There is no supply from outside by external donors.

lending club

Bank loan: You have to consider this when financing a company

It is often difficult for small businesses to get a loan from a bank. This is shown by various surveys. That is why it is now more important than ever for both the self-employed and for small companies to act professionally when applying for loans starting with the preparation of a loan interview through to the documents that are given to the banker.

The times when it was sufficient to present a good balance sheet at the house bank in order to obtain the desired financing as a self-employed person are long gone. Many entrepreneurs have already experienced that their loan applications have been rejected. Preparation is especially important. Before a loan interview, entrepreneurs should ask their bank or lending club which documents they should submit.

New Foundation Of Policy EconomyNew Foundation Of Policy Economy

As a policy economist from The Hague, you work in a fun and exciting environment, with smart and ambitious colleagues and with a lot of current events. Unfortunately, the contribution of policy economists to well-thought-out and future-oriented policy is very limited. That’s a shame and could be much better. By the way, visit this site LA Century Law.

Examples of missing thinking

Let me describe this pity with a broad spectrum of examples, examples of straightforward shortages in terms of attention to obvious economic issues that would deserve urgent attention.

Current account surplus

For many years now, the Netherlands has had an exceptionally large current account surplus, ie a national savings surplus. This is also criticized by the European Union and the International Monetary Fund. I am not aware of any plan of approach from the policy economists in The Hague to do anything about it. And they are not questioned.

Lagging income development

Since the turn of the century, the income development of households has lagged behind that of companies. Until a few years ago, policy economists nevertheless maintained that wage moderation is the best recipe for the Dutch economy. But thinking about the function of the minimum wage or the level of welfare is dogmatic, and ignores the psychological possibilities and limitations of people at the bottom of the wage structure.

Cuts

After the credit crisis of 2008/2009, the Netherlands experienced a W-shaped recession, unlike the EU countries that we normally refer to. This was the result of the strict austerity policy of the Rutte II cabinet. This austerity policy was recommended and defended by the vast majority of policy economists in The Hague. After all, it was a balance sheet recession. It was only when the budgetary policy had to be considered in the current corona crisis that the realization dawned that austerity might not be the best way out of a crisis.

Wealth distribution

Every year, policy economists in The Hague are extremely busy with the distribution of income, the result of a political fixation on purchasing power figures. The fact that the Netherlands has an enormously skewed wealth distribution is completely ignored. Fortunately, the Central Bureau of Statistics has recently announced that it will provide more figures for this.

Investments

The policy economists are very focused on the economic effects of budgetary policy with regard to the current and forthcoming government term. Long-term effects of expenditure with an investment character are not covered, and therefore often excluded. As a result, the Netherlands has fallen behind in areas such as education (see the PISA scores) and sustainable energy, and we are also struggling with major overdue maintenance in the housing stock, physical infrastructure, and the environment. Policy economists have no answer for this because they have no model to estimate the long-term macroeconomic effects of investments. For the long term, the Central Planning Bureau (CPB) only looks at the effects of aging in a model.

Risk scenarios

There was no economic recovery scenario during the credit crisis. There was also no analysis of the functioning of the financial sector. At the beginning of this century, there was no single scenario to combat the climate crisis. Not even in 2010. Only a few years ago did the CPB, De Nederlandsche Bank and the policy economists in the ministries recognize the need for sustainability. And finally, there has not been a single economic scenario for the economic survival of a pandemic recently, although the National Security Profile 2016 explicitly pointed out how great the risk and impact of a pandemic is.

Thinking also falls short

It becomes more complicated with examples in which it becomes clear that economic thinking does not match reality. In the example about lagging household income development, I already hinted at this: the policy economist in The Hague assumes self-reliant citizens. Measures are devised with incentives that also have an effect on citizens’ actions because they understand these and see how they can prevent disadvantages or collect benefits. The fact that a large proportion of Dutch citizens is poorly educated has little ‘doing ability’ or comes from a different cultural setting has no place in this thinking. As a result, the social climate in the Netherlands is rather harsh. With a lot of in activities, a lot of debt, and the poor health of a large part of the population. Policy economists, including the CPB, have little connection with the analyzes and thinking of the Social and Cultural Planning Office.

Consequences of Corona to German EconomyConsequences of Corona to German Economy

corona-economy

The Corona crisis hit economic activity hard and had a massive impact. After the severe recession in the first half of 2020, the German economy appeared to be dealing with the consequences of the pandemic better than expected. However, due to the renewed partial lockdown in winter 2020/21, the effects could be more pronounced in the end.

How the virus crisis has affected the German economy so far, what causes the crisis in general, what consequences it has throughout the world, and how you try to counter this with the appropriate measures – that is what this dossier is about.

How is the Corona crisis affecting the German economy?

The world corona crisis with interrupted supply chains has overwhelmed German exports, but also private consumption. Exit restrictions, border closures, and the economy have seriously affected economic life since mid-March 2020. After ten years of growth, the German economy fell into a deep recession in 2020.
After the crisis of Corona, this initially led to another drop in economic output. In 2021, the German economy rebounded in the second quarter. According to the Federal Statistical Office, economic output was still 3.3 percent lower than in the fourth quarter of 2019, the quarter before the start of the Corona crisis.

How does the Federal Government support the German economy?

The federal government started an aid program at the beginning of the corona crisis. They have helped the German economy in the form of loans, recapitalizations, sureties, and guarantees. The economic consequences must be cushioned as far as possible with liquidity aids worth billions of dollars. Corona aid for commercial and autonomous companies is the largest aid package in the history of the Federal Republic. Find out more about the economy on.

Consequences of the crisis for globalization

The year 2020 will go down in economic history as a very special year. That is already clear today. The Corona crisis has caused a global decline in economic and finance growth that has not occurred since World War II. The global financial crisis of 2008 cannot continue either.

There are three reasons why it is extremely difficult to assess the consequences of this crisis. On the one hand, it is precisely its gigantic extension that breaks all previous horizons of experience and devalues ​​the corresponding comparisons.

On the other hand, it is the nature of the crisis that it does not originate in the economy itself, but in a simple medical fact: the extremely easy spread of a virus called: Covid19. And last but not least, its global dimension: almost every country in the world is affected, it is experiencing its own severe economic recession and, at the same time, it is severely affected by massive declines in trading partner countries.

UK Statistics Show More Britons are Now Placing Savings in Passive InvestmentsUK Statistics Show More Britons are Now Placing Savings in Passive Investments

The 2020 UK Savings Statistics revealed that an average UK citizen had saved £6,757, while Adult ISAs fell from a previous £6,466 in (2017-18) to £6,049 (2018-19). The findings also indicated that the average amount placed in investment programs rose from a previous £994 to a current figure of £1,020. Even if minimal, the latter info indicates that UK citizens are now making conscious efforts to improve their personal finance by placing their savings in passive investment programs.

Moreover, the report also showed that the number of Adult ISAs had increased to more than 11 million (2018-19), when compared to the previous 10 million plus in 2017-2018. The UK’s Individual Savings Account (ISA) program for one allows citizens to hold cash, shares, and a mixture of securities by way of unit trusts; whilst earning extra by way of tax-free dividends, capital gains and interest income.

Even more encouraging is that the number of Junior ISAs is also rising, as statistical data indicate that nearly 50,000 additional accounts were opened in 2018-19. Apparently, there is an increased number of British parents who are also investing for the future of their children.

UK Citizens are Overcoming Their Lack of Confidence in Investing Their Money

Financial service providers believe that one of the things that is holding back other Britons from investing their saved money is their level of financial literacy. According to a 2017 survey study commissioned by Bank of Leumi, nine (9) out of ten (10) UK think that they are undereducated when it comes to personal finance, more so when it comes to investing.

Due to this knowledge gap, fintech innovators have made their services more transparent and easier to understand. That way, more consumers will have greater confidence in placing their money in passive investments once they have a better understanding of their options.

One such UK fintech firm that has taken this initiative is True Potential Investor a digital wealth management company based in Newcastle City upon Tyne.

In 2014, the firm collaborated with the Open University to establish the True Potential Center for the Public Understanding of Finance. The goal is to provide public education about savings and investments to help UK adults map out financial plans for a better future. The center’s free personal finance courses have since become very popular among adult Britons looking to improve their financial literacy.

A Quick Glimpse at True Potential Investor

Using a True Potential Investor review published in the Ask Traders website as reference, we learned that this digital investment management company was founded in 2007 by a group of professionals with extensive experience in providing investment management services and developing financial services technology. The company has made it their mission to help UK citizens grow their savings. Doing so will empower the latter to easily meet goals of saving enough funds that will enable them to settle in comfortable retirement in the future.

True Potential Investor (TPI) provides a user-friendly robo-advisor platform with mobile app support. Unlike other providers of fully-automated services, those looking to invest their money with TPI can try out the digital investment services even for a minimum amount of £1. Once an account is set up online, a TPI member can choose any of three types of savings account, namely:

  • Stock & Shares Individual Savings Account (ISA),
  • General Investment Account (GIA)
  • Personal Pension Account.

Based on a TPI member’s investment risk preference, they will further select one of five options deemed as the suitable portfolio management approach for their savings account. The five portfolio options are labeled according to the type of risk involved, namely: Balanced, Cautious, Defensive, Growth and Aggressive.

300 Decades Of Money Trading300 Decades Of Money Trading

Pioneers of bank

Holy priests hated Jews, and villainous Italians were the pioneers of banking. They made a lot of money from interest on loans, and they became more and more greedy.

Tempel was the first bank
18th century BCE: In ancient Babylonia and Egypt, temples were pre-eminent places to store valuables, for no one dared to rob the sacred buildings. Babylonian priests also lent money in the time of King Hammurabi (18th century BC). The Babylonians were the first with an actual bank. 5th century BC: The ancient Greeks were merchants and needed a solid banking system. Therefore, in the 5th century BC, Athenian businessmen. Their money to the local bank, where they received a guarantee certificate with which they could collect it at another bank. This way they did not have to lug around heavy money boxes that could easily be stolen. The Greek banks also lent money to their customers and exchanged foreign currency. When it comes to choosing the best broker you can check Low Spread Forex Brokers.

Jews practiced prohibited professions
Middle-Ages: The medieval Catholic Church did not consider the profession of money lender appropriate for a Christian. In the 12th century, the Pope forbade all Christians to charge interest, preventing them from earning money from banking. However, the European monarchs had to borrow a lot of money to build and wage war, so they instructed the Jews, who were not forbidden by the Church’s prohibition, to lend money and in return offered protection. Most crafts were forbidden to Jews, and by lending money they earned a living. Because of their banking activities, they were looked at even more with the neck by the Christian population.

The modern bank originated in Italy
14th century: With creative accounting, Italian merchants circumvented the ecclesiastical prohibition on interest. In the 14th and 15th centuries, Northern Italian merchants succeeded in taking over much of the Jewish banking activities. They were not allowed to charge interest, but the Italians circumvented this prohibition by describing the interest as ‘gift’ or ‘reward for risk’ in their accounts. In Genoa, Siena, and especially Florence, the benches sprang up like mushrooms. In Florence, the De ‘Medici family made a fortune in loans. This gave her the say in the city and was even allowed to supply a number of popes. The Italians’ financial empires are seen as the forerunners of modern banking.

Nationalization in the 17th century
17th century: In 1661 Stockholms Banco was the first bank in Europe to issue banknotes instead of coins. But the company issued more notes than it had in silver and copper and went bankrupt. The state intervened and took over the bank’s estate in 1668. The institution that emerged from this still exists and is today Sweden’s national bank.

9,000 US banks go bankrupt
1929: Black Thursday, as is known on October 24, 1929. On that day, stock prices on the stock exchange on Wall Street in New York took a dive. Hundreds of thousands of Americans had invested in stocks, often with borrowed money, and that seemed like a safe investment. But the bubble burst and the financial crisis that followed killed 9,000 US banks.

Global financial crisis
Until a few years ago, the international investment bank Lehman Brothers had $ 691 billion in assets and employed 26,000 people. But the bank owed its success to high-risk loans, and 2008 went wrong. The financial giant went bankrupt, and a global economic crisis was the result. European pension funds lost billions of euros. Lehman Brothers were the largest, but by no means the only, bank to collapse during this crisis, and its effects are still felt today.

Important Facts about U.S. Motor Vehicle Insurance Polices in the U.S.Important Facts about U.S. Motor Vehicle Insurance Polices in the U.S.

As a general rule, motor vehicle owners must carry a minimum insurance coverage to cover potential loss, damage or physical injury involving an owned vehicle. In the United States, the laws prescribing the policies and guidelines for motor vehicle insurance tend to vary, as each jurisdiction take into account different considerations in formulating statutory motor vehicle insurance laws.

Motor Vehicle Laws Vary in Every U.S. Jurisdiction

While nearly all U.S. jurisdictions have legislated laws governing motor vehicle insurance coverage, the states of Virginia, New Hampshire and Mississippi have distinct laws that may or may not require vehicle owners to take out a car insurance policy. Below are the key takeaways of car insurance policies in the three states:

Virginia

The government of Virginia does not require car owners to obtain motor vehicle insurance, car owners are instead required to additionally pay the state Department of Motor Vehicle (DMV) an Uninsured Motor Vehicle Fee of $500 on top of the regular vehicle registration fees.

The additional $500 though, is not for the purpose of securing a state-provided vehicle insurance. In the event that an uninsured car figures in a car accident, the owner of the car is personally liable for any resulting property damages or bodily injury or injuries.

New Hampshire

In New Hampshire, obtaining a motor vehicle insurance is not mandatory. However, the exemption does not apply to car owners who have been convicted of serious misdemeanors such as Driving Under the Influence (DUI), hit-and run accidents or a second citation/ticket for speeding violation.

In cases when a car insurance coverage is a requirement, the vehicle owner must obtain a minimum amount of $25,000 third-party liability insurance per person, up to a maximum of $50,000 coverage; and a minimum $25,000 for property damage for every accident involving a motor vehicle. In addition, a required insurance coverage must include a minimum$1,000 coverage for medical payments.

Mississippi

The state of Mississippi requires all motor vehicle drivers to carry and maintain liability car insurance that is strictly in accordance with the prescribed minimum amounts of coverage required by the state. They are similar to New Hampshire’s, $25,000 third-party liability coverage for bodily injury or death per person, up to a maximum of $50,000 for death or total bodily injury plus a minimum $25,000 coverage for property damages.

Factors that Affect the Cost of Auto Insurance In Each State

Insurance information website carinsurancesnearme.com furnishes information about United States jurisdictions that have the most expensive as well as the least expensive cost of motor vehicle insurance. That being the case, the state in which a car insurance holder resides is a determining factor in evaluating the cost of insurance required.

As it is, while car insurance providers normally take into consideration the make of the vehicle, and the car owner’s driving history, age, gender, marital status and credit score, there are certain state-specific factors that insurance providers also consider in calculating their risk.

Examples of such factors include state insurance laws, crime rates, claim rates and the related statistics pertaining to vehicular accidents and number of uninsured drivers in the state in which the insurance coverage applies.

When such state-specific factors are present, calculation of insurance risks will also take into account the location/s where a car owner usually drives to as well as the frequency by which he drives to high-risk locations. When the risks calculations yield a high risk score, the insurance provider increases the monthly insurance premiums. Needless to stay, low risk scores correspondingly have lower monthly premiums.

Those being examples of factors that can influence the cost of a car insurance policy, Car Insurance Near Me suggests that when buying a new car, it would be wiser to shop around for car insurance policies that could cost lower than the car insurance policy will include as part of the sales deal.

Small Loans – What Are They And Where To Get Them?Small Loans – What Are They And Where To Get Them?

There are a lot of ways to obtain a small loan. Some are reasonable whereas others are costly. Some are easy to obtain while others a more difficult. Knowing what you need, where to find them, as well as how to obtain one is particularly crucial especially when you require immediate funds for unforeseen expenses.

In Norway, långuiden.no/smalan-pa-minuttet/ is a site you could visit as it provides a list of the leading and recommended banks in Norway that offers small loans with a possible loan amount of 1,000 kroner to 50,000 kroner. But there are banks on the list that even offer up to 500,000 kroner. Submit an application for small loans form the financial institutions listed on långuiden.no/smalan-pa-minuttet/ is easy and prompt as the requirements to prequalify and be approved are few. Hence, you could immediately get hold of the funds you need to finance your immediate expenses.

Small Personal Loan – What Is It?

A small loan, to put it in simple terms, is a kind of personal loan that does not need any sort of collateral. Hence, it is also called an “unsecured loan.” While there is no definite or set amount, the loanable amount will depend on the financial institution or lender and the type of small personal loan they offer.

Although small loans don’t require any collateral and only necessitate a few requirements to avail, qualify and be granted, the interest rates are usually higher because the financial institution or lender are more at risk than the borrower. But then again, some lenders or financial institution offer small loans with very favorable terms making it easier for the borrower to repay. However, as there are only a few options, it may be difficult to find a small loan with very agreeable terms.

Small Personal Loans – Where To Get Them?

While several lenders only offer larger loans, there are numerous places to visit for a small personal loan. Let’s have a look at some:

CREDIT UNIONS AND BANKS

Several traditional banks as well as credit unions offer small personal loans, wherein some begin with an online application however require you to personally visit their physical branch prior to the funds being released. Also, several credit unions offer payday loans that might help you obtain a small loan even thigh your credit score/rating isn’t good.

ONLINE LENDERS

A lot of lenders operating online specialize in unsecured small personal loans which you could make use of for just about anything. As they are internet-based, it is frequently easy to find out if you prequalify for a small loan. It might take a few days for the process and your application be completed and the funds to be transferred to your bank account.

PEER-TO-PEER LENDERS (P2P)

P2P lenders operate online and these online lending platforms match up borrowers with potential investors who are willing provide the loan. With P2P lending platforms, the interest rates are usually low and the process is quick. However, note that not every P2P lending platforms offer small loans.

PAYDAY LOANS

For really small loans, like $500 or eve less, payday loans might be an option. However, this type of loan is a very expensive choice because of the high fees tied to it. So, make this option your last-ditch effort if you aren’t able to qualify for small loans elsewhere.

LINES OF CREDIT OR INSTALLMENT LOANS

Several online lenders and traditional financial institutions offer lines of credit loans or high-rate installment loans with high fees or interest rates that could range from 60 to 199%. Although these types of loans are cheaper compared to payday loans, this should also be your last option because of the high interest rate which could make it really difficult for you to pay off.

It’s always best to shop around and compare requirements, conditions and terms when looking for a small loan.

Binary Options Trading : Gaining Popularity Amidst COVID-19 CrisisBinary Options Trading : Gaining Popularity Amidst COVID-19 Crisis

Investors are gradually turning their attention to binary options trading instead of venturing into stock markets, because world economies are still in a limbo.

Obviously, the effects of the COVID-19 pandemic have struck nearly all industries in many countries. On the other hand, price per share of those benefiting from the COVID-19 lockdown measures are too high for comfort, at a time when there is still uncertainty on how economic fallouts can be resolved.

What Makes Binary Options Trading Attractive to Prospectors?

Binary options trading involves speculating on the future price of an investment asset, e.g. foreign currency, cryptocurrency or precious metal. The method is simple; an investor speculates if his investment asset will reach a price that will generate an expected yield or not.

By the way, this trading method is called binary because an investor has only two propositions to decide on; either a “Yes” or a “No” answer on whether he believes his investment asset will hit a price that will yield gains or not.

Outcomes or results are fast because binary options trading transpire within a specific period only, which can expire in as short as 60 seconds. An investor’s yield however, is based on the price he speculated, without any option to sell his investment asset at a potentially higher price. Winnings will come from the investment asset of the binary options trader who speculated on the opposite proposition. In some cases, the broker who offered the binary options trading deal, acts as the opposing party.

Apparently, there’s a high degree of risk involved, because if the investor is on the losing end of the “Yes” or “No” proposition, he stands to lose the asset invested. That is mainly because there is no actual buying and selling involved; only an exchange of price speculations. It is actually similar to placing one’s investment asset as stake to a gambling proposition to bet on a high or low number.

Reducing Risks on Binary Options Trading

If there is a great deal of risks involved, then why is binary options trading gaining popularity?

Apparently, there are ways to reduce risks in trading with binary options, and it starts with choosing the right broker. That being said, the next question that would be posed by those contemplating to participate in binary options trading is, “Who is the right broker?”

First off, consider only duly registered brokers offering this type of trading in the country where one is located.

Let’s take one of the most popular brokerages offering binary options trading, IQ Option Europe Ltd.at ipoption.com. This broker is registered with European Economic Area, the organization of European countries, not necessarily members of the European Union, but involved in facilitating European market trade. IQ Options Europe Ltd. is also registered with the Cyprus Securities and Exchange Commission (CySEC), which closely and seriously monitors unfair market trading practices.

The next aspect to look into is if a broker provides prospecting investors with a demo software. That way, customers can practice not only how to trade on futures,but also how to analyze the binary options trading market and the underlying conditions. All of which can help a newbie gain confidence by becoming completely familiar with how trading on binary options work.