Former World Bank President: Big Shift Coming; What is the difference in fix interest rate and floating interest rate in banking and which one is good?

James Wolfensohn, former president of The World Bank and CEO of Wolfensohn and Co., addressed Stanford Graduate School of Business students with details about his work at the World Bank during its transition years and how the equation between developed and developing countries is changing. Wolfensohn claimed that in the next 40 years, a global power shift will see today’s leading economic countries drop from having 80% of the world’s income to 35%. Related Article: gsb.stanford.edu Global Speaker Series: www.gsb.stanford.edu Recorded: January 11, 2010

Question by Shridhar K: What is the difference in fix interest rate and floating interest rate in banking and which one is good?
What is the difference in fix interest rate and floating interest rate in banking and which one is good?

Best answer:

Answer by tom4bucs
they can both have their advantages – but a floater can slice you when the interest comes back up

a fixed rate may be a tad higher – but will never change

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5 Steps for Safe Online Banking; What is a good book to get started learning about money and banking?

Although online banking has made life easier for consumers, it still comes with its risks. WebProNews recently spoke with Adam Wosotowsky of McAfee Labs who told us that consumers are susceptible to phishing attacks, drive-by downloads, and other infections that could result in their information being compromised. As he explained, consumers need to be cautious when it comes to serious tasks such as online banking. He advises that consumers apply the following steps as they conduct their banking routines: 1. Beware of copycat sites 2. Avoid clicking on links in emails 3. Have strong password phrases 4. Don’t use third party apps when doing mobile banking 5. Utilize antivirus software If these tips are taken into consideration, he believes that the chances of an attack would decrease.
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Question by Sim: What is a good book to get started learning about money and banking?
I’ve been thinking about different career options and I’m very interested in business. In particular, banking and the monetary system. Does anyone have any suggestions as to good literature I can read to get a taste for the subject?

Best answer:

Answer by mildred f
Go to your local 2 yr college and enroll in that area of study.

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