Why businessmen prefer current bank account
Describe why businessmen mostly wish to open current account in bank?
Expert
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.
Name the six agency function of Commercial Bank. Answer: A) Transfer of funds B) Collection of funds C) Purchase and sale of securities. D) Collection of dividends E) Payment of bills &
Why is recovery of loans taken as a capital receipt? Answer: Recovery of loans is always treated as a capital receipt since it leads to refuse in financial assets o
Please brief the knowledge what is long run supply?
Quantity of a good: The quantity of a good which buyers demand is found out by the price of the good, income, the prices of associated goods, expectations, tastes, and the number of buyers.
The basic determinant of the transactions demand for money is the
Imperfect information at times causes consumer’s attempts to maximize their contentment to fail since: (i) Prospects are imperfectly realized, and trial-and-error prototypes can lead to mistakes. (ii) Sellers might exploit asymmetric information
What is Supply schedule and how it is related to supply curve?
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
Briefly explain the four supply factors in economic growth?
Why the value of MPC is not greater than 1? Answer: This is because change in consumption can never be more than change in income.
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