The Nation's Financial Center
Pioneering new advances in financesTM.
The Bank of Boundary Land is the nation's oldest official government institution. From the very beginning, the Bank of Boundary Land has stood as the heart of Boundary Land's economic engine. The Bank's responsibilities to the officers and citizens of Boundary Land are outlined in Currency and Banking Ordinances.
- Provide currency to Boundary Land. The Bank prints notes of 5, 10, 20, 40, 100, and 1000 for circulation throughout Boundary Land.
- Provides accounts for Boundary Land's officers and their companies. The Bank provides free checking accounts for officers and companies in Boundary Land.
- Automatically dispenses payment to officers. At the end of the time segment, the Bank automatically pays $1000 to each of Boundary Land's four officers.
- Processes deposits and withdrawals. All financial transactions go through the Bank of Boundary Land. The Bank handles all of the processing and transferring.
- Issues loans. The Bank gives loans up to $500 for officers and companies in need of money. Interest is $1 for every $50 loaned. Interest goes to the Bank.
- Operates the Automatic Financial System. The AFS allows for the instantaneous calculation of financial transactions, speeding up Boundary Land's economic activity.
The Bank provides four methods of payment for officers and companies. These are:
- Cash. Boundary Land currency is to be universally accepted by all officers, companies, government institutions, the Bank, and other creditors.
- Check. All Boundary Land checking accountholders can write checks. Companies and officers must have checking accounts. Checks cannot be written from savings accounts. The bank prints and approves checkbooks for its accountholders.
- Debit Card. The Bank issues four debit cards- one to each officer. Debit cards must be returned to the Bank every twenty minutes for processing of accumulated transactions. Interest is not collected on debit cards. During processing time, debit cards have priority.
- Credit Card. Private financial companies, approved by the Bank, may issue credit cards to qualified applicants. Credit cards are processed by the private company with the Bank’s approval at the end of every time segment. Interest is $5 for every $100 spent.
Copyright 2004 Imaginaire Ventures, The Government of Boundary Land.
