Benefit of Electronic Funds Transfer
Illustrate the benefit of Electronic Funds Transfer?
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Benefit of Electronic Funds Transfer:
The main benefit of EFT is to pay or obtain payment rapidly. Multiple financial institutions might deal with the help of EFT. Use of all bank's ATM can be possible due to EFT system. Direct deposit, direct debit, wire transfer and online banking are the main techniques of electronic fund transfer. One of the biggest companies which offer EFT service is the Western Union.
Explain hedgers and speculators are two types of economic agents required for a derivatives market to function.
Source: O'Conner, G. C., T.R. Willemain, and J. MacLachlau, 1996. "The value of competition among agencies in developing ad compaigns: Revisiting Gross's model." Journal of Advertising 25:51-63. Modeling Cases
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Select the right answer of the question. Assume that, for every 1-percentage point decline of the discount rate, commercial banks collectively borrow an additional $2 billion from Federal Reserve banks. Also suppose that reserve ratio is 20 percent. If the Fed incre
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Wheather it is correct or not that standard costing is a separate system in accounting?
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Who is a debtor? Briefly explain the term.
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What type of Account is Salary outstanding? What do you think, it is real or personnel or the nominal account?
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