Objectives, Organisation and Operation of a Dealing Department
Banks are the intermediary in the money system in so far as they accept deposits, either demand or time, interest-bearing or noninterest bearing, from customers and then use these deposits to make loans, or other deposits with other banks, or to purchase investments. At the same time, they are the intermediary in international trade since they enable their financial and commercial customers to buy and sell the foreign exchange which they require. The banks also enable their customers to invest their surplus funds in foreign currency deposits with them. The objectives of the dealing department are to satisfy these needs in a satisfactory manner for both customer and banker.
KeywordsIncome Expense Volatility
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