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Q. What is Lending System?
Under the note lending system, the borrower takes a loan, usually of 90 days Duration, against a promissory note. The loan may be renewed or retired at the end of the period. The interest is payable on the entire loan amount and the borrower cannot secure interest relief by repaying The loan, partially or fully, before the maturity period. In this respect this system differs markedly from the. Overdraft Dr Cash credit arrangement wherein interest is payable only on the amount actually utilized.
Why do financial managers calculate the marginal tax rate? Financial managers utilize marginal tax rates to calculate the future after-tax cash flows from investments. Ever si
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Frankfurt Stock Exchange The roots of the Frankfurt Stock Exchange may be traced back to the period of medieval fairs. As early as the middle of the ninth century, Emperor Ludwi
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