Why businessmen prefer current bank account
Describe why businessmen mostly wish to open current account in bank?
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The businessmen mostly wish to open current account in the bank since the deposits in current accounts are payable on demand. It can be drawn upon by cheque without any limit. The banks propose overdraft facility on such deposits to business men.
Meaning: - as mentioned above, the balance of payments is a periodic accounting of international economic transactions. Each country having regular economic transactions with other countries prepares periodically the final accounts of their foreign receipts and paymen
Explain the concept of “economies of scale” and “increasing returns”.
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Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
The basic determinant of the transactions demand for money is the
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
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Explain the term Shut Down Price? Illustrate it.
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