Fiat Money
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Fiat Money is any currency declared by a country’s money to be legal tender but these currency aren’t backed by…
New Economic Policy – 1991
Since 1991; Government of India has introduced diverse economic reforms to pull the country out of economic crisis and to…
Gold Standard
The gold standard can be thought of as a commitment by countries to fix the prices of their domestic currencies…
Laffer Curve
According to Laffer Curve, as taxes increase from low levels the tax revenue collected by the government will also increase.…
Information Asymmetry
Information Asymmetry in economics indicates the situation in which one party in a transaction has more or better information than…
Bonds
A bond is a debt instrument in which enables people to participate in lending to a company or the Government.…
Future and Forward Contracts
A forward or a future is a financial contract obligating a buyer to purchase an asset or the seller to sell…
Investment Banking and Current Challenges
Investment banking refers to a specific division of banking related to the creation of capital for other companies.Investment banks underwrite…
Revenue & Capital: Reserve
Reserve is created to meet an unknown liability. It is an appropriation of profit. It may be invested outside the…
Provision: Undetermined Liability With Exact Accuracy
It is the amount that cannot be determined with exact accuracy. It is created to meet a known liability. It…