Institutional units within the monetary sector, which is also called the banking or financial system, are divided into two main groups: monetary authorities – a central (state, national) bank that issues the national currency, stores state gold and foreign exchange reserves and manages the entire monetary sector of the economy; commercial banks that attract depositors’ […]
Tag: purely
Secondary income distribution account
The secondary income distribution account shows how the balance of the primary income of an economy, institutional unit or sector is transformed into their disposable income through the receipt and payment of current transfers, excluding social transfers in kind. The purpose of the account is to reflect the maximum amount that a sector or the […]
Leasing as a method of lending to foreign economic activity
Leasing is a long-term rental of machinery and equipment, vehicles, a way to finance investments, alternative to bank lending, and boost sales. This form of lending has been used since the 50s. In the 60-70s, multinational leasing companies arose. Such companies provide companies with equipment, ships, aircraft, etc. for rent for a period of 3 […]