1. What is a financial system and what are its constituents? One way of knowing the economic development of a nation is by examining the financial system of the country. The more matured the financial system‚ the more developed is the economy. Such is the importance of the financial system‚ as it acts as a bridge between the surplus owners of funds and the people who are in need of funds. A financial system facilitates the movement of funds from the areas of surplus to the areas of deficit. A
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kind of borrowers. Since the primary source of funds for a bank is its depositors’ money which are repayable as and when demanded by the depositors‚ it is extremely important for a bank to be cautious while lending money to customers. Therefore‚ the banker should follow the cardinal principles of lending while lending money and make sure all the norms of sound financial lending are practised. To put it simply banks make money by lending money to borrowers‚ so it becomes very important for banks to follow
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predictions for the current year and the subsequent years were now going to be tougher to evaluate. With this one-time anomaly‚ Vyaderm had to decide whether to keep their target bonus the same or adjust the target bonus to reflect the change in profit margins. While keeping the target bonus the same would mean a large bonus payout this year‚ it would create the
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had to make a tough decision regarding his request to hedge against the US dollar depreciating. If the US dollar depreciates‚ manufacturing would be shifted from his Irish plant to the US plants‚ which in turn would negatively affect his potential bonus. We acknowledge this risk‚ which would be incurred to him‚ but also cannot afford for him to hedge against the company’s interest as a whole. The company uses the Irish plant itself as Universal’s hedge against foreign exchange risk‚ shifting manufacturing
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ATM: An automated teller machine (ATM) is an electronic telecommunications device that enables the clients of a financial institution to perform financial transactions without the need for a cashier‚ human clerk or bank teller. On most modern ATMs‚ the customer is identified by inserting a plastic ATM card with a magnetic stripe or a plastic smart card with a chip that contains a unique card number and some security information such as an expiration date or CVC (CVV). Authentication is provided by
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PT1420 - Unit 5 Homework and Lab Assignment Unit 5 Assignment 1: Homework 1.) Design an if-then statement that assigns 20 to the variable y and assigns 40 to the variable z if the variable x is greater than 100. (Simple if statement) If x > 100 then Y=20 Z=40 End if 2.) Design an if-then statement that assigns 0 to the variable b and assigns 1 to the variable c if variable a is less than 10. (Simple if statement) 3.) Design an if-then-else statement that assigns 0 to variable
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Project REPORT ON A Study on the Recruitment and Selection Process of Prime Bank Limited Submitted by WWW.ASSIGNMENTPOINT.COM The recruitment and selection processes of an organization are two of its most important HR planning activities. The basic purpose of recruiting is to ensure a sufficient pool of applicants from which the most qualified individuals may be selected. Effective recruiting is important because sufficient number of qualified applicants is needed to ensure that
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