Back to Basics

Summary


OF COURSE, you understand banks!

You've been dealing with them all your adult life and, possibly, during much of your childhood years. So, the key question you should ask yourself is whether you've parlayed that clear comprehension of the most important financial institutions in our country into strategies to help you succeed financially.

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Extract


Back to Basics

Most of us are familiar with the three main types of bank accounts - current, savings and fixed deposit. Indeed, in all likelihood, the first type of account you opened under your parents' guidance and funding was a savings account.

Then, as you grew older, it became more convenient and perhaps even imperative that you armed yourself with a chequebook so you didn't doom yourself to a life of manual cash transactions marked by...

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