Accounting, Banking & FinanceEvolution of Banking in IndiaFebruary 13, 20158 CommentsBanking in India originated long ago.there are evidences of giving loans to others eve during Vedic periods.banking was synonymous with…
Accounting, Banking & Financefederal reserve systemFebruary 10, 20154 CommentsThe financial crisis of 1907 which resulted in wide spread bank failures the suspension of gold payments,and a serious depression…
Accounting, Banking & FinanceOperating and Investment CyclesFebruary 10, 20157 CommentsLet’s take the example of a greengrocer, who is ‘‘cashing up’’ one evening. What does he find? First, he sees…
Accounting, Banking & FinanceInvestment and Operating OutflowsFebruary 10, 20154 CommentsLet us take the example of our greengrocer, who decides to add frozen food to his business. The operating cycle…
Accounting, Banking & FinanceDerivative MarketsFebruary 10, 20154 CommentsOver the last 3 decades, fluctuations in interest rate, currencies and the prices of the raw materials have become so…
Accounting, Banking & FinanceSupply and DemandFebruary 10, 20154 CommentsIt is natural to say that the demand for a particular commodity is determined by the supply and demand for…
Accounting, Banking & FinanceKinds of Deposits in a Commercial BankFebruary 10, 20155 CommentsA lot of people particularly students do not know what kind of deposits are available for a consumer. One of…
Accounting, Banking & FinanceDiscounting Bill of ExchangeFebruary 10, 20155 CommentsDiscounting Bill of Exchange and Overdraft Facility Provided by a Commercial Bank There are various facilities provided by a commercial…
Accounting, Banking & FinanceThe Magic called Compound InterestFebruary 10, 20152 CommentsAlbert Einstein, in his lifetime, frequently said, “Compound interest is the eighth wonder of the world. The power of compound…
Accounting, Banking & FinanceMoney marketsFebruary 9, 20152 CommentsMoney markets consist of the discount, inter banks, certificates of deposit and local (municipal) authority and euro currency markets. The…