Introduction Now the world became dynamic. Nobody in this competitive arena will be successful until he is not linked with practical orientation. So in this regard internship program provides a good hope to connect the theoretical knowledge with practical knowledge. Banks are the major financial institutions which intermediate between actual lenders and actual borrowers. For this intermediation‚ banks are to play actual lenders and charge actual borrowers. This internship report on Jamuna Bank
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will further discuss three types of negotiable instruments. a) Scenario Ms Ednah worked as a civil servant throughout her life until she recently retired. She was given her benefit using a cheque from Vilimo Bank. She wants to know the relationship she has with the bank she intends to deposit the cheque with and whether herself and the bank have any rights and duties to each other. A bank is a dealer in capital or money. The Banking and Financial Services Act defines a bank as a company
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LAW (BANKING) 255 Take Home Test Semester 1‚ 2011 Name: Lin Dongyu Student Number: 14671458 Due date: 21/04/2011 Total word: 997 words Briefly explain‚ by reference to case law‚ why it is difficult to define the term “the business of banking”. For the term “the business of banking”‚ the statute definition is inadequately‚ even some statute laws can help with the understanding about “the business of banking” but the definitions they are provided still not adequate (Waldeck & Giardina)
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Introduction : Modern banks play an important role in the economic development of a country. Commercial banks are the primary contributors to the economy of a country. Commercial banks are profit making institutions that holds the deposits of individuals and business. As banks are profit earning concerns‚ they collect deposit at the lowest possible cost and provide loans and advances at higher cost. The differences between two are the profit for the bank. The banks also role plays the human resources
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all may be able to understand the meaning of negotiable instruments; identify the various features of negotiable instruments; describe the various types of negotiable instruments; and differentiate between bills of exchange‚ promissory notes‚ and cheques. Law of Negotiable Instruments 1881 1. Introduction: Exchange of goods and services is the basis of every business activity. Goods are bought and sold for cash as well as on credit. All these transactions require flow of cash either immediately
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OA Exams 1 December 2‚ 2009 1. (a) As a clerk in the records management office‚ one of your duties is to order equipment and supplies for your office. (i) State the purpose of EACH of the following pieces of equipment in the records management department: * Filing cabinets * Photocopiers * Computers (3 marks) (ii) List FOUR important types of supplies used in the storage of records. (4 marks) (b) State what action should be taken by the secretary of the relevant department in EACH
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“Negotiable instrument means a promissory note‚ bill of exchange or cheque payable either to order or to bearer‚ whether the word “order” or “ bearer” appear on the instrument or not.” A negotiable instrument is a document guaranteeing the payment of a specific amount of money‚ either on demand‚ or at a set time‚ with the payer named on the document. Examples of negotiable instruments include promissory notes‚ bills of exchange‚ and cheques. PROMISSORY NOTE A promissory note may be a negotiable
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HABIB BANK LIMITED DEPARTMENTS OPERATIONS AND FUNCTIONS OF DEPARTMENT Submitted to: Mam Sidra Shehzadi Submitted by: Sidra Malik (10-arid-1363) Sundas Shahid (10-arid-1365) Hassan Mehmood (10-arid-1317) Muzammil Tufail (10-arid-1328) ACKNOWLEDGEMENT All praises belong
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What is Bank:- A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities‚ either directly or through capital markets. A bank connects customers that have capital deficits to customers with capital surpluses. A bank is a financial institution which deals with deposits and advances and other related services. It receives money from those who want to save in the form of deposits and it lends money to those who need it
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Table of Contents EVOLUTION OF TRADE AND COMMERCE LEADING TO THE INTRODUCTION OF NEGOTIABLE INSTRUMENTS. The world as a whole has been the “cradle of commerce” because this exchange is not only between individuals but also between peoples and nations. This naturally implies the existence of: CERTAIN SURPLUS OF WEALTH CERTAIN PROVISION FOR COMMUNICATION Both of which are essential for growth of commerce. Unless there is a surplus of wealth and provision for communication
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