Contoh Report Text 3: BANKING SYSTEMA bank is an institution with a twofold function. First, it keeps people’s money safe and readily available. In this way it functions as a savings bank.. Secondly, it lends money to people who need it. It is also, therefore, a money lender.
Anyone can go to any bank and deposit money, that is, ask the bank to look after it. He becomes a customer of the bank. When, he deposits money, we say he opens a bank account.There are two types of bank accounts. The first is a current account. When a customer deposits money on a current account, he can make withdrawals by means of a cheque. No interest is paid on this type account.
The other type of account is a time deposit. On this type of account the customer can deposits his money for a specified period of time He can withdraw the money only at the maturity date. Interest is paid for this type of account.
A banks receives deposits from customers, as well as lend money to its customers. A person who wants to borrow money has to give the bank something as collateral for instance, a certificate showing ownership of property. When a customer has a bank loan, the bank charges him interest on the money he has borrowed. The bank does not always give the borrower actual’ money. It may credit his account with the amount borrowed, exactly as if he had deposited that amount at the bank.