Chartered banks
Why do chartered banks kept reserves?
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Reserves are assets of chartered banks since these funds are cash belonging to them; they are a claim the chartered banks have against the Bank of Canada.
Continuing Appropriation: This is an appropriation for the set amount which is obtainable for more than 1-year.
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Department of Finance (Finance): The Director of Finance functions as the Governor’s chief fiscal policy advisor with the emphasis on financial integrity of the state. Finance is delegated the accountability for preparation of the Governor's Bud
Define the term Baseline Adjustment or Baseline Budget: Baseline Adjustment: Also termed to as Workload Budget Adjustment. Q : How earnings obtainable to common Normal 0 false false
Reference Code: A three-digit code recognizing whether the item is from the Budget Act or some other source (example, legislation), and its character (example, state operations). This is the middle segment of the budget item or appropriation number.
Describe the factors affecting the option of a minimum cash balance amount. The minimum cash balance amount is find out by how easy it is to increase funds when needed, how predictable the cash flows are, and how risk averse managers are.
What are the methods to determine Promotional Budget? Explain in brief.
Initiative: The power of electors to propose statutes or Constitutional amendments and to accept or reject them. An initiative should be limited to a single subject and be filed with the Secretary of State with the suitable number of voter signatures
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