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Q. Define the Cash Budget?
Cash Budget: - A cash budget is an estimation of cash receipts and cash payments for a future period of time. It is prepared to predict the cash requirements for a given period and indicates the surplus or shortage of cash during the budget period. There are two division of cash budget:
By estimating the cash receipts as well as cash payments for a future period it can be estimated that in which months there will be surplus cash and in which months there will be deficiency of cash resources.
Exchange Requirements To ensure money supply, some central banks require some or all of its foreign exchange receipts (generally from exports) be exchanged for the local curren
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Explain about the retail and wholesale banks in the commercial banking. Retail and wholesale banks: Commercial banking can also be separated within retail and wholesale b
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