EFFECTIVE ANNUAL INTEREST SIGNIFIANCE ON BANKING PRODUCTS PRICE STRUCTURE

Medar Lucian-Ion and Motoniu Ioan Dumitru
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Medar Lucian-Ion: Constantin Brancusi University, Faculty of Economics, Romania
Motoniu Ioan Dumitru: Valahia University, Targoviste, Romania

Annals - Economy Series, 2011, vol. 2, 126-132

Abstract: The importance of the products and services prices can be found in the reference price, that customer must compare it with the price of the last made acquisition. The price of the banking product, that includes the effective annual intrestrate (EAI), is a guide price including all the cost elements related to banking products and services.The price of the products promoted throughlending activities, is affected by the exchange rate of national and foreign currency, available on themoney market. The role of the banking fee is veryimportant in the specific services and bankproducts price formation.

Keywords: annual interest; banking products; banking services; credit institution; credit cost. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2011:v:2:p:126-132

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