Stakeholders of Lloyds TSB Bank Research Paper Example | Topics and Well Written Essays - 2000 words

Stakeholders of Lloyds TSB Bank - enquiry Paper ExampleThis paper tells that in our present business climate, individuals need a affirm note to generate MORE sales and net income. Businesses prefer to receive postdated checks and related deposit instruments as the refilling for cash. A 1,500 check is safer and easier to take aim around than to bring its bulky and highly tempting cash equivalent. The returned checks deed of conveyance as payment and deposit evidence of business transactions.There ar many banking service that throw off deposits in banks preferable to stuffing cash in a persons safety in the home or offices. People, thru the banking system, can now buy and grapple products thru the internet. When they are face to face with each other. The banks many services do not only include safekeeping of the bank deposits, but the bank also helps the thriftiness by paying interest to the depositors. The bank then lends money to its loan applicants and, in return, receives i nterest income. The bank borrower can now exercise the much-needed funds to put up a business and hire employees. This round of money deposit, money borrowing, business opening, hiring helps the local economy.People, around fifty years ago prefer to carry cash around because the banking system had just been established. But because of the advent of internet banking, business transactions are now changing the entire economy of the world. Credit and debit cards as well as Paypal, and Western Union monetary transactions are now the minimum requirements for a buy and sell transaction to be accomplished. Due to financial difficulty, carrying cash is now very dangerous. People, during the past, prefer to receive glacial cash as compared to checks because of the fear that such checks may actually hasten no funds deposited in the bank at the time of bank presentation for payment occurs.But still, most of the ordinary raft who do not own business and those with small salaries and wages do not apply for checking accounts. The mention card generates high and compounded interests that the credit card holder has to be burdened with.Inter-branch transactions use the credit giro system where noncash documents pass thru a clearing bank. A piece of bank tying up or document allows one branch to transfer funds from one bank to another or to and from a persons personal bank accounts.In the fall in States, food stamps are given to the unemployed. In the United Kingdom, the giro helps the unemployed person to pay for his basic needs.If wages fell, then the people will have lesser money to deposit in Lloyds bank. The after effect is that there be will lesser money to spend on basic necessities like food, clothing, and shelter.Therefore the bank will have to elevate so that more of the residents near a Lloyds bank branch will love to deposit their dense earned money in a bank. The people will cope with the sudden wage step-down by reducing the amount they will spend on un necessary items. The people will controvert with the sudden decrease in salaries by applying for a second job to alleviate the loss in income.