given on a weekly basis but still they are left in some time to decide how much‚ what to spend and when to spend their allowances. In line with this students should be aware of the level of their financial literacy in terms of their spending and saving habit. Financial literacy is defined as ones’ “knowledge of facts‚ concepts‚ principles‚ and technological tools that are fundamental to being smart about money” (Garman & Gappinger‚ 2008). Meanwhile‚ Mason and Wilson (2000) defined financial literacy
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Supreme Court exempts Co-Operative Banks from claiming under Recovery of Debts Due to Banks and Financial Institutions Act The case of Greater Bombay Co-Op Bank Ltd. v. United Yarn Tex. Pvt. Ltd. and Ors.‚ decided by a three judge bench of the Supreme Court finally settles the long-ranging debate about the interplay between Debt Recovery Tribunals and Co-operative Banks that had brought about a series of conflicting High Court decisions. The question in this case was whether the mechanism for
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Economics Program at the University of Chittagong‚ observed that banks did not extend their credit schemes to the rural poor as they were not considered creditworthy. In this situation‚ the rural poor were forced to approach moneylenders who charged exorbitant rates of interest. In 1976‚ Yunus launched The Grameen Bank Project‚ on an experimental basis to study the framework of banking services for the rural poor. The objectives of the Grameen Bank Project were: •Providing banking services to the rural
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Time Bank 1. Introduction Time bank is a unique organisation that holds vast amount of knowledge and skills belonging to its customer. The way time bank operates is by allowing individuals to exchange their knowledge‚ skills with others. The concept of the Time Bank is based on the fact that people are all individually different‚ we all have different types of knowledge and we all have different set of skills‚ no one is good at everything‚ the typical situation is that we only have the capacity
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1- Banks perform the indispensable task of… A: intermediating savers and spenders. 2- Among the most important trends in banking‚ there have been… A: increase in bank branching‚ formation of more holding companies for the purchase of smaller banks‚ and mergers among the larger banks in the industry. 3- Among leading structural trends in the recent banking industry‚ there have been… A: Decline in independently owned banks‚ increase in the average size of individually owned banks‚ and entry
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Merchant banks play an important role in mobilizing small savings and channeling them to productive investment. Since our capital market is not as efficient as others‚ yet it tries at best to create a strong‚ fair‚ efficient and effective market. Apart from they facilitate merchant bank so that they can help as possible as to organize such a valuable capital market mechanism. 1.2 Rationale of the study The rationality of our study on capital market as well as its right hand merchant bank is to
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Commonwealth Bank This paper will show the situational analysis of commonwealth bank‚ it also analysed the organisational structure and its strategies. Because every business needs to take some action that will help them keep a good position in the market‚ but before taken any action they have to do some research the find to cause of problem in order to identify the resolution. The results and useful information during this analysis will help the organisation to choose suitable strategies‚ develop
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Yes Bank is a private bank in India. It was founded by Ashok Kapur and Rana Kapoor‚ with the duo holding a collective financial stake of 27.16%.[4] YES BANK has received significant national and international recognitions which include Dr. Rana Kapoor‚ Founder‚ MD & CEO being recognised as the Entrepreneurial Banker of the Decade (2001-2010) by Bombay Management Association; Business Standard Banker of the Year - 2011; India’s No. 1 New Private Sector Bank in the Financial Express-E&Y Best
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An essential problem of the 21st century is the world pollution. The world pollution is at the unhealthy level. A single person cannot be blamed for the wolrd pollution‚ however every person should be responsible to take care of our Mother Nature. There are trivial things that we can do to save our beloved Earth. First and foremost‚ we should plant more more trees around our homes. We can encourage our friends or relatives to join us. Choose an area to plant the tress. As you know‚ trees absorb
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Calamansi Nectar Procedure: 1. Select big‚ green calamansi fruits. 2. Cut slits in the lower ends of the fruits to remove seeds and juice. 3. Soak the peel in water overnight. 4. The next day‚ boil the peel with enough water. Remove from fire when the natural green color of the fruit has set. 5. Soak the peel again in water for three days‚ changing the water regularly. 6. Boil the peel in water three or four times. 7. Drain off the water. 8. Cook the peel in syrup (two parts sugar and one
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