Development of plastic money in middle asia, Finance Basics

Assignment Help:

Development of Plastic Money in Middle Asia

Motive behind the Fast Development of This Finance (Plastic Money) In Middle Asia

a) High incidences of fraud via dishonest employees has been responsible for improvement of this finance as it minimizes chances of this fraud since it eliminates the need of hard cash in the execution of transactions.

b) Risk associated along with carrying of huge amounts of cash for purchases which cash is open to theft and misuse has also been responsible for development of this finance.

c) Credit cards have boosted the credibility of holder companies such enables them to receive trade credits under conditions that would have otherwise been difficult.

d) Of late, Middle Asia has experienced emergence of elite, middle and high-income groups' in specific professionals who such tend to use these cards as a symbol of status in execution of day to day transactions.

e) These cards have been used via financial institutions and banks to boost their deposit and attract long term clienteles as e.g. of Royal Card Finance, Standard Chartered.

f) A number of companies and concerns have acquired such cards as a means of settling their bills within certain times when in financial crisis or when their liquidity is low.


Related Discussions:- Development of plastic money in middle asia

Example of eoq assumptions, Example of EOQ Assumptions ABC Ltd require...

Example of EOQ Assumptions ABC Ltd requires 2,000 units of a component in its manufacturing method in the coming year that costs of Sh.50 each. The items are obtainable locall

Annual percentage rate, A current radio advertisement states that the avera...

A current radio advertisement states that the average American household has an average credit card debt of $25,000. Based on an APR (Annual Percentage Rate) of 18% (common for cre

Example of earnings yield valuation, Example of Earnings Yield Valuation ...

Example of Earnings Yield Valuation Estimated maintainable earnings are £240,000 per annum; rate of return required is 25 percent. Calculate the value of the business. V

Determine the rate of return, 1. A stock pays no dividend and is expected t...

1. A stock pays no dividend and is expected to be sold for $50 after 4 years. If the investor's RRR is 12%, at what price is he/she willing to buy it? 2. ABC company has its ROE

Government - measuring business performance, Government - Measuring Busines...

Government - Measuring Business Performance Government The Government is interested particularly in utility companies as KPLC, KPTC and such will offers public services -

Explain the operations of indian stock market, Explain the Operations of In...

Explain the Operations of Indian Stock Market. Meaning of Stock Exchange: Stock exchange means an organized market where securities issued by government organizations, compan

Determining the rules for resolving conflict, Instructions: Read the Herzbe...

Instructions: Read the Herzberg findings related to extrinsic and intrinsic factors driving job satisfaction, dissatisfaction and motivation. To what extent should employers feel r

Question 7.1, Assume the managers of Fort Winston Hospital are setting the ...

Assume the managers of Fort Winston Hospital are setting the price on a new outpatient service. Here are the relevant data estimates. Variable costs $ 5.00 Annual fixed c

FIR 3410, Your client, a man, is currently 35 years old and he wants to re...

Your client, a man, is currently 35 years old and he wants to retire when he is 65 years old (exactly 30 years from now). He would like his retirement income to be equivalent to

Debtors or accounts receiver turnover, Debtors or Accounts Receiver Turnove...

Debtors or Accounts Receiver Turnover Formula is as follow: Debtors/accounts receiver turnover  = Annual credit sales/Average debtor The ratio signify the number of ti

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd