Publication: Bank deposits, notions and features of accounting
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ASEM
Abstract
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MELNIC, Georgeta. Bank deposits, notions and features of accounting. Eastern European Journal of Regional Studies. June 2016, vol. 2, issue 1, pp. 124-131. ISSN 2537-6179; E-ISSN 1857-436X.
Bank deposits are the main method of raising capital and short-term available savings. The opening and using of the bank deposits is the main function of banks. In 2004 the Deposit Guarantee Fund was set up in the Republic of Moldova of Deposit Guarantee Fund and for the first time there was established a guaranteed bank minimum in case of bank insolvency which is currently 6,000 lei for the deposit of each natural person.
Bank deposits are the main method of raising capital and short-term available savings. The opening and using of the bank deposits is the main function of banks. In 2004 the Deposit Guarantee Fund was set up in the Republic of Moldova of Deposit Guarantee Fund and for the first time there was established a guaranteed bank minimum in case of bank insolvency which is currently 6,000 lei for the deposit of each natural person.
Keywords
banking deposits, interest, deposits payable on demand, fixed-term deposits, deposit account, deposit guarantee fund