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 For full Report: Kenya
effects of inflation on the economy.7 Large differentials between deposit rates Table 9.4 shows the figures for December 2006 in terms of different deposit rates in the Kenyan banking system. As we see, there are extremely large dis- parities in these various deposit rates. Thes...
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effects of inflation on the economy.7 Large differentials between deposit rates Table 9.4 shows the figures for December 2006 in terms of different deposit rates in the Kenyan banking system. As we see, there are extremely large dis- parities in these various deposit rates. These disparities no doubt reflect strong differences in institutional structures and instruments being offered to bank clients. For example, there is more than a four percentage-point gap between even the commercial banks’ own “savings rate
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www.undp-povertycentre.org/publications/reports/Kenya.pdf#page=39
spreads between <span class="highlight">deposit</span> and lending rates, which are extremely wide. Again, de- pending on how one calculates a real interest rate, most <span class="highlight">deposit</span> rates are actually negative. There is therefore <span class="highlight">no</span> incentive to save in formal financial markets. These wide interest rate spreads indicate lack of competition in the commercial banking system. 3. The commercial banking system lends more than one-third of its <span class="highlight">deposit</span> base to the government. This of course reduces the availability of funds for businesses, especially SMEs
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www.undp-povertycentre.org/publications/reports/Kenya.pdf#page=193
siderable uncertainty in the financial system. 2. More significant than problems with interest rate levels are the spreads be- tween <span class="highlight">deposit</span> and lending rates, which are extremely wide, as we also re- viewed in Chapter 7 (Figure 7.5). Again, depending on how one calculates a real interest rate, most <span class="highlight">deposit</span> rates are actually negative. There is therefore <span class="highlight">no</span> incentive to save in formal financial markets. These wide interest rate spreads indicate lack of competition in the commercial banking system. 3. The commercial
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on inflation. Lending-<span class="highlight">deposit</span> rate spread However we may interpret the lending rate level, what is clear is that the interest rate spreads are very high. We have reviewed the basic data on this from 1971– 2006 in Chapter 7 (Figure 7.5). But it will be useful here to examine this set of data again, focusing now on the period since the liberalization of financial mar- kets, i.e. from the early 1990s to the present. Figure 9.2 shows the movement in the difference between the commercial banks’ 0-3 month demand
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www.undp-povertycentre.org/publications/reports/Kenya.pdf#page=201
An Employment-Targeted Economic Program for Kenya200 <span class="highlight">deposit</span> rate for 2006 averaged 5.1 percent. This means that the real <span class="highlight">deposit</span> rate for 2006—again, establishing the real rate based on the contemporaneous CPI inflation rate—was -8.4 percent, with the overall inflation rate at 13.5 percent. In this sense, it is not surprising that the spread should be so large, to the extent that the inflation rate is indeed capturing something significant about price behavior in Kenya. In this context, the primary
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effects of inflation on the economy.7 Large differentials between <span class="highlight">deposit</span> rates Table 9.4 shows the figures for December 2006 in terms of different <span class="highlight">deposit</span> rates in the Kenyan banking system. As we see, there are extremely large dis- parities in these various <span class="highlight">deposit</span> rates. These disparities <span class="highlight">no</span> doubt reflect strong differences in institutional structures and instruments being offered to bank clients. For example, there is more than a four percentage-point gap between even the commercial banks’ own “savings rate
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www.undp-povertycentre.org/publications/reports/Kenya.pdf#page=213
An Employment-Targeted Economic Program for Kenya212 2. <span class="highlight">Index</span> bond rates to inflation. As we have discussed, uncertainty as to the effects of inflation on the real returns to lenders is contributing to the high risk premium in the Kenyan financial system, and thus again to the large gap between <span class="highlight">deposit</span> and lending rates. Indexing bonds to inflation is a well- developed measure of protecting the value of bonds against changes in in- flation. At the same time, building indexation into loan contracts also
National Curve Bank - Gray, Venit; California State University, Los Angeles
2004 2003 Math on the Web Mapping the Landscape of Mathematics: Newest The Apple of My i: Sinusoidal Curves Deposit #117 Volume of a Box Problem with Exponential Regression Deposit #120 Fractal Animation Deposit #113 Curves in GeoGebra Deposit #112...
Financial Literacy Lessons for ESL Students
© 2002, San Diego Centers for Education & Technology Basic Banking: Unit 1, Lesson 2 - Page 9 Lesson 2 Checking Accounts Making Deposits When you deposit money, you put money in your account. You must deposit money before you can write checks. You need to fill out a deposit...
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© 2002, San Diego Centers for Education & Technology Basic Banking: Unit 1, Lesson 2 - Page 9 Lesson 2 Checking Accounts Making Deposits When you deposit money, you put money in your account. You must deposit money before you can write checks. You need to fill out a deposit slip when you deposit money. Your bank will give you these slips. Maria received a paycheck for $973.29 and she is going to deposit it on January 19th, 2001. Fill out this deposit slip for Maria. Endorsing Checks Before
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http://www.otan.us/images/publicarchive/ArchivesDigitalFiles/ELCivics/Financial_Lit/003370financial_literacy_esl.pdf#page=22
www.otan.us/images/publicarchive/ArchivesDigitalFiles/ELCivics/Financial_...
© 2002, San Diego Centers for Education & Technology Basic Banking: Unit 1, Lesson 2 - Page 9 Lesson 2 Checking Accounts Making Deposits When you <span class="highlight">deposit</span> money, you put money in your account. You must <span class="highlight">deposit</span> money before you can write checks. You need to fill out a <span class="highlight">deposit</span> slip when you <span class="highlight">deposit</span> money. Your bank will give you these slips. Maria received a paycheck for $973.29 and she is going to <span class="highlight">deposit</span> it on January 19th, 2001. Fill out this <span class="highlight">deposit</span> slip for Maria. Endorsing Checks Before
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www.otan.us/images/publicarchive/ArchivesDigitalFiles/ELCivics/Financial_...
very little or <span class="highlight">no</span> interest. Money Market Accounts • You <span class="highlight">deposit</span> a large amount to open the account. • The bank pays you interest that is based on the money market. • You can write a few checks from this account each month. • Your money earns more interest than regular savings account. • Your interest rate may go up if the US rate goes up. • You have to keep a high minimum balance. • Your interest rate may go down if the US rate goes down. • These accounts are usually not insured
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www.otan.us/images/publicarchive/ArchivesDigitalFiles/ELCivics/Financial_...
© 2002, San Diego Centers for Education & Technology Basic Banking: Unit 1, Lesson 3 - Page 4 Lesson 3 Savings Accounts Savings Account Questions Read each sentence and write T if the sentence is true and F if the sentence is false. Regular Savings 1. You can withdraw money at any time. T F 2. Your money earns high interest. T F 3. Your interest rate stays the same. T F Certificates of <span class="highlight">Deposit</span> (CDs) 1. You can <span class="highlight">deposit</span> any amount of money. T F 2. The interest rate stays the same. T F 3. You
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© 2002, San Diego Centers for Education & Technology Unit I: Quiz - Page 2 Financial Literacy, Unit I Quiz 6. Which savings account earns a low interest rate? a. Money Market b. Regular Savings c. CD 7. Which loans have lower interest rates? a. short term loans b. long term loans Fill in the blank with the best word. afford <span class="highlight">deposit</span> endorse gross reconcile waive withdraw 8. Marlo is going to Los Angeles for the weekend and needs some cash. She’s going to
Hands On Banking Dictionary
this account usually offers higher rates of return than a savings account. Money removed before the agreed upon date is subject to an early withdrawal penalty. The account pays interest on the deposit and is FDIC-insured. Banks issue an actual certificate for a CD account. If no ce...
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this account usually offers higher rates of return than a savings account. Money removed before the agreed upon date is subject to an early withdrawal penalty. The account pays interest on the deposit and is FDIC-insured. Banks issue an actual certificate for a CD account. If no certificate is issued, the account is known instead as a “time deposit.” Character The financial steadiness and stability of a borrower. For example, when reviewing your loan application, a lender may look at how long
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http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/HOB_Dictionary.pdf#page=4
www.handsonbanking.org/nav_elements/teachers_guide_PDF/HOB_Dictionary.pdf...
this account usually offers higher rates of return than a savings account. Money removed before the agreed upon date is subject to an early withdrawal penalty. The account pays interest on the <span class="highlight">deposit</span> and is FDIC-insured. Banks issue an actual certificate for a CD account. If <span class="highlight">no</span> certificate is issued, the account is known instead as a “time <span class="highlight">deposit</span>.” Character The financial steadiness and stability of a borrower. For example, when reviewing your loan application, a lender may look at how long
Hands On Banking Adults: Teacher's Guide
HANDS ON BANKING® • TEACHER’S GUIDE 43 ADULTS • MANAGING YOUR MONEY • www.handsonbanking.org Checking Deposit Worksheet Name Use the information below to fill in a sample checking account deposit slip. Checks to deposit: Cash back: $17.10 $80.00 1...
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HANDS ON BANKING® • TEACHER’S GUIDE 43 ADULTS • MANAGING YOUR MONEY • www.handsonbanking.org Checking Deposit Worksheet Name Use the information below to fill in a sample checking account deposit slip. Checks to deposit: Cash back: $17.10 $80.00 1,145.55 75.00 335.92 To complete a checking deposit slip: • Put the date in the space marked “A”. • Write your account number on the line marked “B”. (Since this is for practice, you’ll need to create your own
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www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#...
HANDS ON BANKING® • TEACHER’S GUIDE 43 ADULTS • MANAGING YOUR MONEY • www.handsonbanking.org Checking <span class="highlight">Deposit</span> Worksheet Name Use the information below to fill in a sample checking account <span class="highlight">deposit</span> slip. Checks to <span class="highlight">deposit</span>: Cash back: $17.10 $80.00 1,145.55 75.00 335.92 To complete a checking <span class="highlight">deposit</span> slip: • Put the date in the space marked “A”. • Write your account number on the line marked “B”. (Since this is for practice, you’ll need to create your own
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anywhere from three months to several years. As a result, this account usually offers higher rates of return than a savings account. Money removed before the agreed upon date is subject to an early withdrawal penalty. The account pays interest on the <span class="highlight">deposit</span> and is FDIC-insured. Banks issue an actual certificate for a CD account. If <span class="highlight">no</span> certificate is issued, the account is known instead as a “time <span class="highlight">deposit</span>.” Character The financial steadiness and stability of a borrower. For example, when reviewing your
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www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#...
HANDS ON BANKING® • TEACHERS GUIDE 157 ADULTS • DICTIONARY • www.handsonbanking.org Direct <span class="highlight">deposit</span> A <span class="highlight">deposit</span> made directly into your account by the payer without the use of a check or <span class="highlight">deposit</span> slip. Typical direct deposits include Social Security payments and automatic payroll deposits. Disclosure A document provided by a lender, such as a bank or credit card company, that details the interest rate, fees, and terms of repayment. Discretionary expense The purchase of goods or services which are
Hands On Banking Young Adults: Teacher's Guide
use time to their advantage by starting to save now. • The Rule of 72 is a way to estimate the time or interest rate you’d need to double your money in a savings account or an investment. Here’s an example: if you deposit money in a savings account that’s earning 2% a y...
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use time to their advantage by starting to save now. • The Rule of 72 is a way to estimate the time or interest rate you’d need to double your money in a savings account or an investment. Here’s an example: if you deposit money in a savings account that’s earning 2% a year, start with 72 and divide it by two. The answer is 36. This means that at two percent interest, it would take about 36 years for your savings to double. If you have an investment that pays 6% a year, 72 divided by 6 equals 12. This
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www.handsonbanking.org/nav_elements/teachers_guide_PDF/YA_T_Guide.pdf#pag...
use time to their advantage by starting to save now. • The Rule of 72 is a way to estimate the time or interest rate you’d need to double your money in a savings account or an investment. Here’s an example: if you <span class="highlight">deposit</span> money in a savings account that’s earning 2% a year, start with 72 and divide it by two. The answer is 36. This means that at two percent interest, it would take about 36 years for your savings to double. If you have an investment that pays 6% a year, 72 divided by 6 equals 12. This
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www.handsonbanking.org/nav_elements/teachers_guide_PDF/YA_T_Guide.pdf#pag...
HANDS ON BANKING® • TEACHER’S GUIDE YOUNG ADULTS • MANAGING $ • www.handsonbanking.org 29 More about interest on savings • When it comes to savings accounts, interest rates are normally expressed as an annual percentage yield (APY), in other words, the percentage of your <span class="highlight">deposit</span> that you would earn if you kept your money in the bank for a full year. • For example, if you deposited $1000 at 4% interest, you would earn $40 interest after a year. (4% of $1000 = $40.) If you withdrew all of your
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for payment. Certificate of <span class="highlight">deposit</span> (CD) A bank account in which you agree to keep the money for a specified period of time, usually anywhere from three months to several years. As a result, this account usually offers higher rates of return than a savings account. Money removed before the agreed upon date is subject to an early withdrawal penalty. The account pays interest on the <span class="highlight">deposit</span> and is FDIC-insured. Banks issue an actual certificate for a CD account. If <span class="highlight">no</span> certificate is issued, the
St. Louis Federal Reserve Bank: Monetary Services Indexes
corresponds to the assets in M2 plus institutional money market mutual funds, and currently is the broadest monetary aggregate that can be produced. MSI M3 can no longer be constructed due to lack of data, but a historical series is constructed through February 2006. The components of the ag...
Economagic: Federal Reserve Interest Rate
Interest Rate Data Select a Multiple Series Chart: Click to Create Fed Funds, Prime, and Discount Rate Fed Funds and Consumer Price Index Constant Maturity: 3 month, and 1, 5, 20, 30 year Make your own with all Monthly Series on this Page Bank Prime Loan Rate Federal Funds | 10 Year Treas...
M and M Interesting.
LESSON FOUR From Personal Finance Economics, 6-8: Money in the Middle, © National Council on Economic Education, New York, NY 33 ACTIVITY 14 DEFINITIONS INTEREST Interest is the price paid for using someone else’s money. People who deposit funds with a financial institution such a...
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LESSON FOUR From Personal Finance Economics, 6-8: Money in the Middle, © National Council on Economic Education, New York, NY 33 ACTIVITY 14 DEFINITIONS INTEREST Interest is the price paid for using someone else’s money. People who deposit funds with a financial institution such as a bank are lending money to the bank. Those people receive interest. INTEREST RATE An interest rate is the price paid for using someone else’s money, stated as a percentage. SIMPLE INTEREST Simple interest is the interest
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http://ecedweb.unomaha.edu/lessons/M&M6-8.pdf#page=7
ecedweb.unomaha.edu/lessons/M&M6-8.pdf#page=7
LESSON FOUR From Personal Finance Economics, 6-8: Money in the Middle, © National Council on Economic Education, New York, NY 33 ACTIVITY 14 DEFINITIONS INTEREST Interest is the price paid for using someone else’s money. People who <span class="highlight">deposit</span> funds with a financial institution such as a bank are lending money to the bank. Those people receive interest. INTEREST RATE An interest rate is the price paid for using someone else’s money, stated as a percentage. SIMPLE INTEREST Simple interest is the interest
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