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Money, banking and financial management

The functions of money, the central bank and the institutions that hold deposits, then financial management: working capital, sources of short- and long-term funding, and the securities markets.

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  • Front accounts payable
    Back Purchases for which a buyer has not yet paid the seller.
  • Front accounts receivable
    Back Sales for which a firm has not yet been paid.
  • Front bank charter
    Back An operating license issued to a bank by the federal government or a state government; required for a commercial bank to do business.
  • Front bond ratings
    Back Letter grades assigned to bond issues to indicate their quality or level of risk; assigned by rating agencies such as Moody’s and Standard & Poor’s (S&P).
  • Front broker markets
    Back National and regional securities exchanges that bring buyers and sellers together through brokers on a centralized trading floor.

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Licence
Creative Commons Attribution 4.0 International CC-BY-4.0
Attribution
Source : https://openstax.org/books/introduction-business/pages/preface — Licence : Creative Commons Attribution 4.0 International (https://creativecommons.org/licenses/by/4.0/)
Source
OpenStax — Introduction to Business (first edition)
Retrieved on
Topic
Humanities
Language
English
Version
3
Updated on

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