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What you meant by monetary function in financial system?
A significant function of a financial system is the monetary function. The introduction about money in the economy enables savers and spenders to divide the act of sale by the act of purchase and permits them to overcome the chief problem of barter, that is the ‘double coincidence of wants’ (each of the two parties included in a transaction has to want concurrently the good the other party is giving to exchange). The financial system gives a variety of payment mechanisms for example, cheques, credit cards and debit cards to make possible one party to pay another.
Advantages and Disadvantage of Profitability Index Advantages of profitability index a) Simple to understand and utilize. b) The part of NPV in the venture will show t
Revenue Reserves - Retained Earnings These are undistributed earnings. Those reserves are retained for the given reasons like: A. To create up for the fall in profits so a
Management of Sole Proprietorship In sole proprietorship the owner is usually in charge of day to day running of the business. If the business is large he may give some duties
Advantages of Overdraft Finance 1. It is useful in financial crisis such an accountant cannot forecast because of abrupt fall in profits so liquidity problems. 2. In
Question 1: (a) (i) What are Asset shares? (ii) State the purpose of calculating Asset shares. (b) Outline the five uses of policy Asset shares? (c) Lif
Rights of Ordinary Shareholders A. Right to vote Choose BOD Purchase/Sales of assets B. Influence decisions as: Right to residual ass
Problem: (a) Describe why a critical analysis of the following is important while reading a research article: (i) The author, (ii) The date of publication. (b) What do
Ask questioAustralian’s Speleological App Projectn #Minimum 100 words accepted#
Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 25% f
1. A company is trying to decide which one of two projects it should accept. Both projects have similar start-up costs. Project 1 will generate annual cash flows of $52,000 a year
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