letter from a bank authorizing payment of a certain sum to a person or a company. a. cheque b. banker’s draft c. letter of credit d. cash on delivery 3. We enclose our ...........‚ which is a formal request for payment. a. receipt b. quotation c. commercial invoice d. bill of lading 4. The industry and construction ........... is facing difficulties due to low efficiency and competitiveness. a. set b. sector c. section d. part 5. It is complained that the Telephone and Post Communicatios Company
Premium Part-time Goods
financial institution deals with money. But there are different types of banks like; Central Banks‚ Commercial Banks‚ Savings Banks‚ Investment Banks‚ Industrial Banks‚ Co-operative Banks etc. But when we use the term “Bank” without any prefix‚ or qualification‚ it refers to the ‘Commercial banks’. Commercial banks are the primary contributors to the economy of a country. So it can be said that Commercial bank is a profit-making institution that holds the deposits of individuals and business in checking
Premium Bank Cheque Banking
Green Banking Policy December‚ 2011 UNITED COMMERCIAL BANK LTD. Credit Risk Management Division Corporate Head office‚ Dhaka Instruction Circular # 1094 (A) December 29‚ 2011 All Branches Sub: Green Banking Policy The globe is encompassing immense environmental effects due to the activities of business‚ industries and financial houses. Moreover‚ the effects of climate change also create specific environmental issues for the enterprises and living beings at large. On the other
Premium Bank Environmentalism
History of BANKing in pakistan Banking in fact is primitive as human society‚ for ever since man came to realize the importance of money as a medium of exchange; the necessity of a controlling or regulating agency or institution was naturally felt. Perhaps it was the Babylonians who developed banking system as early as 2000 BC. IT is evident that the temples of Babylon were used as ‘Banks’ because of the prevalent respect and confidence in the clergy. The partition plan was announced on June 3
Premium Pakistan Bank Fractional-reserve banking
The Banking Sector in Mauritius The banking sector comprised 20 banks licensed to carry on banking business in Mauritius as at end-June 2011.Of these‚ eight were domestically-owned banks‚ seven were subsidiaries of foreign banks and five were branches of international banks. Reflecting efforts undertaken by the Bank to develop the range of services offered by banks in Mauritius‚ a new entrant joined the banking industry in March 2011 as the first bank licensed to conduct Islamic banking business
Premium Bank Fractional-reserve banking Banking
Money is closely linked to our lives‚ so the financial institutions become an inevitable and important part of our lives and people are always focusing on the situation of financial institutions. So the banking industry is the most suitable topic to study. Then‚ we decided to use scenario model to analyze the industry (Showed by diagrams 1). [pic] Diagram 1 After analyzing the situation of the industry‚ we choose ten years because it is the most proper time for our scenarios. The
Premium Bank
The advent of the Internet has had an impact in our lives in all sorts of ways such as in the manner in which we communicate‚ flirt‚ date‚ and most importantly‚ how we shop. While even in the recent past the thought of whether some day one would be able to buy an Armani outfit wearing pajamas while looking after the needs of a couple of toddlers would have seemed an outlandish idea‚ thanks to the increasing sophistication of the technology of the 21st century‚ practically everything is virtually
Premium Retailing Online shopping
Introduction Banking plays an important role in the economy of any country. In Bangladesh Muslims constitute more than 80% of its population. These people possess strong faith on Allah and they want to lead their lives as per the constructions given in the holy Quran and the way shown by the prophet Hazrat Muhammad (Sm). Naturally‚ it remains a deep cru in their hearts to fashion and design their economic lives in accordance with the precepts of Islam. But no Islamic banking system was developed
Premium Islamic banking Investment Bangladesh
Chapter Two: Organizational Profile 2.1. Organization Overview Mercantile Bank Limited emerged as a new commercial bank to provide efficient banking services with a view to improving the socio-economic development of the country. The philosophy of Mercantile Bank Ltd is not to ‘carry coal to the new castle’. The main target is to make credits available to the poor people and their activities are aimed at comprehensive growth where people from all economic
Premium Corporate governance Bank Board of directors
Assignment on Blackboard: Due January 24 Bond market: the market where interest rates are determined Lending someone the use of your dollars for a specific time period Bonds are debts that have to be paid back Interest rates Rates tend to move in the same direction Stock market: most widely followed financial market Share of stock is a share of ownership in a corporation Stock is always in existence as the corporation exists Consumers care about what is going in the stock market because
Premium Bond Money supply Monetary policy