Question 2: Similarities and differences between cash settlement and cash settlement: Cash settlement means taking foreign currency cash to the bank to exchange RMB.
Cash settlement: foreign currency from China foreign exchange.
Cash settlement is not as high as cash exchange.
Question 3: What's the difference between buying foreign exchange and buying banknotes? Foreign exchange held by banks to individuals can be divided into cash and cash. For foreign exchange accounts, banks will open cash accounts and cash accounts respectively according to cash and cash.
The source of foreign exchange funds for cash remittance households is the funds remitted from abroad or the funds entered after purchasing foreign exchange with RMB.
The source of foreign exchange funds for cash accounts is the funds that customers hold in foreign currency for deposit processing. Of course, foreign exchange purchased by customers in RMB can also be deposited in cash accounts, but ordinary customers will not do so.
Foreign exchange in cash accounts can only be withdrawn from banks. If you want to remit money, you need to carry out currency arbitrage transactions, pay a certain exchange fee, and then you can remit it after converting it into foreign exchange.
The foreign exchange in the cash account can be remitted directly or cash can be withdrawn, but the cash withdrawn cannot be deposited in the cash account, only in the cash account.
Cash account and cash account, foreign currency funds are converted into RMB (settlement), and the settlement price is also different. The foreign exchange of the same fund is converted into RMB, and the RMB converted in cash account is greater than that converted in cash account.
When purchasing foreign exchange in RMB, the conversion exchange rate is the same whether it is a cash account or a cash account.
When customers exchange one foreign currency for another in foreign exchange transactions, the foreign currency in the original cash account can only be transferred to the cash account of the exchange currency, and the foreign currency in the original cash account can only be transferred to the cash account of the exchange currency.
Question 4: What's the exchange rate for purchasing foreign exchange, settling foreign exchange and settling bank notes? The exchange rate for buying foreign exchange is the exchange rate when you buy it from the bank.
The exchange rate is the exchange rate at which you sell the cash in the bank.
Currency exchange rate is the exchange rate at which you sell cash to the bank.
Question 5: What does it mean for CCB to purchase foreign exchange and settle foreign exchange in RMB? Personal foreign exchange settlement business refers to the exchange business in which an individual sells his foreign currency cash or cash to a bank, and the bank pays the equivalent RMB at the stipulated spot exchange rate;
Personal foreign exchange purchase business refers to the exchange business in which individuals purchase foreign exchange from banks with their own RMB (customers purchase foreign exchange) and banks pay the equivalent foreign currency at the specified spot exchange rate (banks sell foreign exchange).
Question 6: What do the buying price, selling price and middle price in currency exchange rate mean respectively? Thank you. What does the foreign exchange reserve of a specific country mean in the bank's meaning quotation? Which price is the final price for personal exchange? Spot foreign exchange: also known as exchange rate, refers to the meaning or ratio of buying price when one country's currency is converted into another country's currency; Or the price of another country's currency expressed in one country's currency. The so-called buying price and selling price are based on what cash is, aiming at the pre-bid currency in the quotation, that is, the price of the previous currency bought by the bank and the price of the previous currency sold. Cash: refers to foreign currency bills remitted or brought in from abroad, and the purchase price of cash is transferred to personal bank account; Cash: refers to the purchase price of foreign currency cash or the meaning of money deposited in the bank in the form of foreign currency cash; Cash buying price: refers to the buying price of foreign currency cash, which refers to the price at which banks buy foreign currency cash and customers sell foreign currency cash. For example, when they come back from panning for gold abroad, they sell foreign currency to banks for RMB use, and the cash exchange is calculated according to the purchase price of foreign currency. Spot buying price: refers to the buying price of foreign currency cash, which refers to the price at which banks buy foreign currency spot and customers sell foreign currency spot. For example, what does it mean for google to send a money order and sell the money order directly to the bank? The settlement amount is calculated according to the purchase price; Or transfer money from abroad to a domestic bank, and then go to the bank to change the foreign exchange meaning of the account into RMB. Be careful not to take out foreign exchange and change it into RMB. In that case, it will become the buying price of paper money. Remember, remember; Cash selling price, bill selling price: refers to the buying price of foreign currency cash sold by banks and the price of foreign currency cash bought by customers, that is, what it means to buy cash from banks, such as before you travel abroad; Foreign exchange selling price: refers to the buying price of foreign exchange when banks sell foreign exchange and customers buy foreign exchange. For example, how much is the foreign exchange purchase price for withdrawing money from a bank? Middle price: not for individuals, it refers to the meaning of the bank's benchmark price of safe. The standard of bank quotation is generally the average of bank buying price and selling price. Why is the buying price of paper money lower than that of foreign exchange? Because banks have to bear higher costs after buying cash than buying cash. When you sell the cash to the bank, you sell your foreign exchange deposit in a foreign bank to the bank. This foreign exchange deposit was transferred from your name to the bank's name from the moment you sold it to the bank. As long as the bank makes the corresponding accounting treatment, it can immediately get the foreign exchange deposit in the foreign bank, and Yangzhou Yin Hui Household Appliances can start to calculate the interest. However, if the bank purchases foreign exchange, because the foreign currency cash can't be circulated locally, it needs to be shipped abroad, so it can not only get the foreign exchange wealth management network and interest immediately, but also pay the cash purchase price to keep the cash. Only when the cash has accumulated to a sufficient amount can banks transfer these foreign currency cash abroad and deposit it in banks with foreign exchange reserves. Banks can obtain foreign exchange deposits in foreign banks and start earning interest. The specific expenses that banks need to pay to exchange foreign currency cash include: cash management fee, transportation fee, insurance fee, packaging fee, etc. These expenses are reflected in the difference between the cash purchase price and the cash purchase price. Of course, the buying price of foreign exchange is lower than the selling price of foreign exchange, which means that banks can obtain the benefits of foreign exchange transactions through "buying low and selling high", which also invisibly increases the country's foreign exchange reserves. The stronger the country's foreign exchange reserves, the lower the foreign exchange rate will be. So, if there is no other use, throw away the foreign exchange/currency as soon as possible. Warm tip, warm tip: If you want to remit money abroad to relatives and friends at home, it is not good to use money orders or bank transfers directly, and a large amount of foreign currency cash will return to China. If you receive a foreign exchange bill in China, you don't need to use foreign currency for the time being, you can directly sell your foreign exchange to the bank and exchange it for RMB cash (at this time, the bank settlement price is the purchase price). This is more cost-effective than taking out foreign currency cash through foreign exchange first, and then reselling the foreign currency to the bank for RMB (at this time, the bank settles the purchase price of paper money), but the difference is that your hand touches the foreign currency. .
Question 7: When US dollars are converted into RMB, which currency is used in ICBC's small foreign exchange settlement? What's the difference between paper money and remittance? Cash mainly refers to freely convertible foreign currency brought in from abroad or held by individuals. Simply put, it refers to foreign currency banknotes held by individuals, such as US dollars, Japanese yen and British pounds. Cash refers to foreign currency bills and vouchers remitted from abroad or brought in or sent in from abroad. In our daily life, we often come into contact with overseas remittances and traveler's checks.
In China, there are two kinds of foreign currency savings deposits for residents: cash account and cash account. If foreign currency cash is deposited, it is cash deposit; If foreign currency funds are remitted from abroad, Hong Kong, Macao and Taiwan, or foreign currency bills (such as traveler's checks and personal checks) are transferred to deposit accounts, they are cash deposits. "Cash account" refers to the foreign exchange bill deposit account remitted or brought in from Hong Kong, Macao and Taiwan or overseas;
"Cash account" refers to the foreign currency cash deposit account held by domestic residents.
Question 8: What are the basic ways to count money? 1) Single-finger single-sheet counting method: The method of counting banknotes one by one with one finger is called single-finger single-sheet counting method (action diagram). This method is the most basic and commonly used method in counting money. Wide application range and high frequency. It is suitable for the collection, payment and counting of all kinds of old and new banknotes. This method of counting banknotes is easy to find counterfeit and broken banknotes because it has a small face and can see three quarters of the face. The disadvantage is that it is more laborious to count them one by one. Specific operation method: 1. Hold the bill horizontally with your left hand, with the bottom facing your body. The thumb of the left hand is about a quarter of the left end of the front of the banknote. The forefinger and middle finger pinch the back of the bill at the same time. The ring finger and the little finger naturally bend and extend to the lower left of the front of the bill, and hold the bill with the middle finger. Straighten your index finger, move your thumb upward, and press the side of the banknote to flatten it. Wipe the money with your left hand across the table and push it with your thumb. 2. Count the banknotes held by the left hand and form a flat shape. Hold the upper right corner of the back of the banknote with the index finger of the right hand and twist the upper right corner of the banknote one by one with the tip of the thumb. The twisting range should be small, not too high. To twist gently, the index finger should be twisted with the thumb at the right end of the back of the banknote, and the thumb of the left hand should not press the banknote too tightly, and it should cooperate with the right hand to play a natural boosting role. The ring finger of your right hand will bounce the twisted Bill into your arms, so be careful to play it lightly and quickly. 3. Number of sides. In the case of fast counting speed, the efficiency of counting money is often affected by the slow counting speed, so the counting method should be used in groups. Record 10 as 1, that is, 1, 2, 3, 4, 5, 6, 7, 8, 9, 1 (that is, 10), 1, 2, This notation is simple, quick and easy to remember. But remember the time by heart, don't read aloud, let the brain, eyes and hands work closely together, accurately and quickly. (2) Single-finger multi-note counting method: When counting banknotes, the method of counting two or more notes with one finger at the same time is called single-finger multi-note counting method (see figure). Applicable to collection, payment and various vouchers. Counting money is simple, labor-saving and efficient. However, there are also disadvantages, that is, when you twist a few sheets with one finger, because you can't see all the faces of the middle sheets, counterfeit banknotes and broken tickets are not easy to find. This counting method is the same as the counting method of single finger and single sheet except counting and counting. 1, holding a ticket (same bill). 2. When counting, put the index finger of the right hand on the upper right corner of the back of the banknote, and put the thumb belly on the upper right corner of the front. The tip of the thumb exceeds the face. First twist the banknote with the thumb belly. Single finger double number method, first twist the belly of thumb, then twist the tip of thumb. Single finger multi-note counting method, the thumb force should be balanced, and the torsion range should not be too large. The index finger and middle finger should be twisted at the back of the ticket, the thumb should be twisted, and the ring finger should be bounced into your arms. When the thumb of the right hand is twisted downwards, the thumb of the left hand is lifted slightly, so that the ticket face is arched and staggered from the side, and the number of sheets can be seen clearly. The thumb of the left hand moves down the bill, and the thumb of the right hand lifts to let the bill fall. The left thumb presses the rest of the banknotes while dialing the banknotes, and the left and right thumbs coordinate their actions, and so on, until they are counted. 3. Group counting. For example, even numbers, two count as one group, and 50 groups are 100. (3) Multi-finger and multi-banknote counting method: Multi-finger and multi-banknote counting method refers to the method of twisting a banknote with the little finger, ring finger, middle finger and forefinger in turn and counting four banknotes at a time, also known as the four-finger and four-banknote counting method. This counting method is suitable for collection, payment and hourly workers. This counting method is not only labor-saving and brain-saving, but also efficient. Be able to identify counterfeit banknotes and pick out broken banknotes one by one. 1. Hold money in the left hand, with the middle finger in front and the index finger, ring finger and little finger behind. Hold the bill, bend the four fingers at the same time, and gently press the bill into a tile shape. The thumb is outside the upper right corner of the bill, push the bill into a small fan shape, then turn the wrist inward to lift the right corner of the bill, and the five fingers of the right hand are ready to count. 2. Lift the counting right wrist, stick the thumb on the right corner of the bill, and bend the other four fingers together at the same time. Start with the little finger, twist a bill with each finger, and then slide four fingers down in turn. Unscrew four bills from each slide, and operate circularly until 65,438+000 bills are counted. 3. Group counting. Click four cards at a time as a group, and remember that 25 groups are 100 cards. (4) Sector counting method: The method of counting banknotes by rubbing them into sectors is called sector counting method. This kind of >>
Question 9: What do you mean by cash and cash? Cash refers to cash held in foreign currency, and cash refers to TT (wire transfer). The price of cash exchange is higher than that of cash exchange, because the bank needs to transport the money abroad after receiving foreign currency cash, which is the reason why the price of cash is relatively low.
Question 10: What's the difference between remittance and paper money? 10, let me tell you the difference between remittance and paper money.
1, remittance is an account, which is generated by settlement method. What does this mean? It means you can pay and settle a sum of money. It's virtual. For example, if you have a remittance of 1 10,000, the money is actually not in the bank where your card is located, but in the US Federal Reserve, but this means that you have 1 10,000 dollars to pay. Of course, for others. Others can pay others after receiving your account, but the whole money is still at the Federal Reserve. All remittances are just an account, which is convenient for payment. I will definitely talk to you about what money is.
2. Paper money is real paper money or coins, but since it is foreign currency, it cannot be circulated in China. In order to be effective, it must spread abroad. So although paper money is useful, it still has to be circulated abroad. After the bank receives your money, it needs to keep it, transport it and pay interest. These are the costs of the bank. If you get dollars (paper money), you obviously need to complete the payment function.
I have described the difference between remittance and cashier's check above. You should know which is more convenient. Obviously, remittance is more convenient than bank notes. For example, if you have a remittance of 10000 on your card and a US dollar bill of 100000 in your hand, it is actually different. If you change the same amount of remittances and US dollars into RMB, you will get more RMB, and bank notes are often lower than the exchange rate.
I don't know if you understand the above description.