Deposit account

established by Dr. Homi Bhabha when he founded the nuclear research centre, the Institute of Fundamental Research. Bhabha drew up the blue print of the nuclear energy programme in India. Based on early geological surveys, he decided that the vast deposits of thorium in the monazite sands of Kerala could be harnessed for securing India’s long-term energy needs. Thorium is particularly attractive for India, as it has only around 1–2% of the global uranium reserves, but one of the largest shares of…

President and the rest came from stockholders. Nicholas Biddle whom ran the bank announced that the bank intended to pay off the national debt. On 1833 Jackson announced that the government would no longer deposit federal funds in the second bank of the U.S He then used his executive power to close the account and to put the money in various state…

stealing the money?” I asked. “I haven’t admitted anything yet!” Shannon yelled back. However, I could see it in her eyes. She did take it. I said, “If you just admit it, you’ll get off with a lighter punishment.” “Fine. The money is in my bank account, and no one else is involved with this, she responded. “I appreciate your honesty, but you’re fired as of this moment, and will possibly go to jail.” Shannon looked bewildered. “But you said my punishment would be lighter!” she said. “And I am…

Duration determines the sensitivity of prices to change in interest rates by representing the percentage change in value in response to changes in interest rates. Portfolio managers who use an immunization strategy frequently takes into account Macaulay duration. The Macaulay Duration of a collection of cash flows is a weighted average of time periods, at which the cash flow occur, where the weights are the present values of cash flows with respect to the sum of the present value of all…

World War 1 had a great impact on the industrial and non-industrial aspects of the United States’ economy. After offering arms and support to countries, like Britain and France, the U.S. quickly gained profit leading to more job opportunities, and higher paying salaries for workers in America. The abundance of money in America created the era known as the Roaring Twenties leading to the rapid expansion of the U.S. stock market. The crash of the U.S. Stock Market ended up wiping millions of…

Cypress Banking Crisis When most people think about Cyprus, they will think of a great tourist location due to its sun kissed beaches, historical sights and its robust culture. What most people don’t know is its economy has been under fire for years. Back in 2013, Cyprus was the fifth European Union (EU) state to ask for financial assistance from the European Commission, the European Central Bank and from the International Monetary Fund. Together these three are known as Troika. Cyprus tried…

E-banking is not time consuming for the client and the banker. Also, SCN Education B.V. (2001) mention other advantages of online banking which are: the customer have better control and monitoring over the bank account. Also, he can set up electronic bill payment and transfer money from one account to…

a. It can change rapidly. c. It is easy to regulate. b. It protects the less fortunate. d. It encourages growth. 6. What might be a hardship for citizens of a centrally planned economy making a transition to a market-based system? a. Farmers would have to grow the crops that the government instructed them to. b. Only poor quality goods would be available to consumers, because manufacturers focused on quantity, not quality. c. Workers would lose job security and guaranteed incomes. d.…

delinquent accounts by mail, telephone, or personal visits to solicit payment. Receive payments and post amounts paid to customer accounts. Advise customers of necessary actions and strategies for debt repayment. Persuade customers to pay amounts due on credit accounts, damage claims, or non payable checks, or to return merchandise. Locate and monitor overdue accounts, using computers and a variety of automated systems. Answer customer questions regarding problems with their accounts. Record…

Saving money; why? According to one of the Tend Principles of Economics, people face trade-off, what this means is that in order to gain something, you must give up something else. Saving money is not the exception to the rule, but certainly, it is something worth to analyze in order to understand the opportunity cost that normal people face when they save money. By comprehending the opportunity cost of saving money, it will be a lot easier to understand why it is important to save money and…