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Bill of exchange sample
...ding to F.W. Muller, a bill of exchange is an unconditional order in writing addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time, a sum certain in money to or to the order of a certain person or to bearer.Features or Characteristics of the bill.The main characteristics or feature.... 
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Ignou bed admission 2011
...advised not to pay the fee along with the filled-in application form. They will get a separate communication about their admission and payment of fee.The programme fee should be paid only by way of Demand Draft drawn in favour of IGNOU payable at the city where your Regional Centre is situated. Please write in capital letters your name and the programme to which admission is sought, i.e., BEd.... Read
Quantity theory of money by irving fisher
...l will behave and the value of money doubled.In Fisher’s Cash Transactions Version of Money, the general price level in a country, like the prices of commodities, is determined by the supply of and demand for money.(a) Supply of Money: The supply of money consists of the quantity of money in circulation (M) and the velocity of its circulation (V) i.e., the number of times the money changes hands.... Read
Deficit financing
...The use of deficit financing to maintain total spending or effective demand was an important discovery of the economic depression of 1930. Today it is a major instrument in the bands of government to ensure high levels of economic activity. The definition of deficit financing is likely to vary with the purpose for which such a definition is needed. In one sense by deficit financing we mean the exc.... Read
10 most overlooked tax deductions
...on the public highways." States with vehicle taxes as of 2009 include Colorado, Kansas, Kentucky, Nebraska, Nevada, New Hampshire, South Carolina, Texas and Virginia. Most states send out a notice to demand their tax payment to register your car each year. After you slap your new decal on your car, file away the receipt and add that payment to your deductions for personal property taxes in April..... Read
Kinds of inflation
...rt term measures, it results in many evils such black marketing, hoarding, corruption and profiteering.(3) Inflation on the Basis of Causes:Inflation on the basis of causes is classified as under:(i) Demand Pull Inflation. Inflation caused by increase in aggregate demand, not matched by aggregate supply of goods, resulting in rise of general price level, is called Demand Pull Inflation. Demand pul.... Read
Role of commercial banks in the economic development of a country
...e and small scale industries in rural areas. The provision of credit to agriculture sector has greatly helped in raising agricultural productivity and income of the farmers. This has led to increased demand for industrial goods and expansion of industry.(5) Balanced development of different regions. The commercial banks play an important role in achieving balanced in different regions of the count.... Read
Sources of bank funds
...s from deposits which are accepted on varying terms in different accounts.Bank’s borrowing is mostly in the form of deposits. Bank collects three kinds of deposits from its customers (1) current or demand deposits (2) saving deposits and (3) fixed or time deposits. The larger the deposits of bank, the larger will be its (use) fund for employment and so higher are its profit.1. Borrowing from cen.... Read
Importance of money market
...eficit financing through the printing of notes and issuing of more money which generally leads to rise in an increase in general prices.(viii) Proper allocation of resources: In the money market, the demand for and supply of loan able funds are brought at equilibrium The savings of the community are converted into investment which leads to pro allocation of resources in the country..... Read
One man control is best in the world
...inessman has no time to consult others. Far example, the prices of the shares change every rapidly in the stack exchange market. The businessman has to take prompt decisions. In such businesses where demand and prices of goods change quickly, sole proprietorship form of business is most suitable Professor L. H. Haney Has summed up the future of sole proprietorship in the following words. “In cas.... Read
Partnership distinguished from co ownership
...n without consulting his partners. A co-owner can transfer his right and interest without the consent of the other co-owners. 6. Right of Investment If a partner spends money far the business, he can demand its repayment. If a co-owner spends money for the improvement of the property, he has no legal claim (lien) for its refund. 7. Right of Division No partner can seek division of the partnership .... Read
Royal enfield india price list 2011
...ads Enfield Bullet 350 ES which had been a superb choice for most of the royal Enfield lovers for pretty long. But after the arrival of the better functioning and more improved bikes, the bike’s demand got a little overpowered by the demands of the other royal Enfield pieces. But the bike is still a good buy.
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Federal reserve board boots finally fell
... confidence index continued to decline, employment in slow growth, the United States economy "deleveraging" has not yet ended. Clearly, the United States economy problem lies in the lack of effective demand, the solution is to stimulate consumption. In accordance with the Keynesian perspective, the United States should increase government spending to increase effective demand. But the United State.... Read
Remedies of inflation
... or taxes to stimulate or slow down the economy. It is the budgetary policy of the government relating to taxes public expenditure, public borrowing and deficit financing. Fiscal policy is based upon demand management i.e., raising or lowering the level of aggregate demand by controlling various expenditures, government expenditure, consumption expenditure and investment expenditure. The main fisc.... Read
Cash balance approach to the quantity
...n of the quantity theory of money is based on the store function of money.According to the cash balance approach, the value of money is also determined like the value of commodity on the basis of its demand and supply. This approach considers the demand for and supply of money at a particular moment of time rather than over a period of time as considered by the transaction approach. As the supply .... Read
Keynesian theory of business cycles
...ically restore the economy to its full employment level in the long run.Keynes theory of trade cyclesJ. M. Keynes, however, disagreed with the above view He presented a new theory which is based on a demand side explanation of business cycles.According to keynes in the short run, the level of income, output and employment is determined by the level of aggregate effective demand. Aggregate demand i.... Read
The phases of business cycle
... real income produced and the level of employment are high or rising and there are no idle resources or unemployed workers or very few of either”. During prosperity period, there is a high level of demand for capital goods and consumer goods and services. Risky investments are undertaken by the entrepreneurs. Inefficient firms enter into the market and manage to survive. The high level of demand.... Read
Functions of state bank of pakistan
...ion, foreign securities is now fixed at Rs 1200 million through an Ordinance in December 1965 This system of rote issue is known as Minimum Reserve System. The size of notes issue reflects the public demand for money. The amount of notes in circulation can be increased to meet the public demand and are adjusted according to the general level of prices and economic activity in the country. The asse.... Read
Promissory note
...Promissory NoteA Promissory note is the simplest and earliest kind of credit instrument. It is an unconditional written promise by one person to another in which the maker (payer) promises to pay on demand or at a fixed or determinable date in the future, a stated sum of money to or to the order of a specified person or to the bearer of the instrument. A promissory note in order to be negotiable m.... Read
Difference between bill of exchange and cheque
...QUEAlthough a cheque is defined as a bill of exchange, yet it differs from a bill of exchange in the following respects.Cheque:(1) A cheque is always drawn on a bank.(2) A cheque is always payable on demand.(3) A cheque does not require acceptance.(4) No days of grace are allowed for payment on cheque. It is immediately payable on demand.(5) A cheque can be crossed.(6) Notice of dishonor is not ne.... Read
