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Q. What do you mean by Letter of Credit?
A letter of credit is an arrangement whereby a bank helps its customer to obtain credit from its (customer's) suppliers. When a bank opens a letter of credit in favor of its customer for some specific purchases, the bank undertakes the responsibility to honor the obligation of its customer, should the customer fail to do so.
Explain the term StakeHolders The range of stakeholders may comprise directors/managers, lenders, shareholders, employees suppliers and customers. These groups are probable to
London Interbank Offered Rate (LIBOR) This is the base lending rate which is charged by banks in the London Eurocurrency market. LIBOR is the European equivalent of the U.S. pr
What is meant by a currency trading at a discount or at a premium in the forward market? Answer: The forward market includes contracting today for the future purchase or sale o
Reasons for mergers and acquisitions The key reasons for mergers and acquisitions, is to maximise shareholder wealth otherwise it wouldn’t be worthwhile. R
If invested 2500 in a bank that pays 1% annually. How long will it take for the funds to double?
discuss the applicability of operating cycles of vegetable growing
Question: Part A The financial system is complex in structure and function throughout the world. There are many different types of institutions: banks, insurance compani
Call provision is the right of the issuer to call back and retire the issued bonds before the maturity date. The issuer may call the bond and retire the bond by paying
Assets Allocation: The investment pattern above should be followed as under: Fresh accretions to the fund and redemption amounts of investments made earlier should be inv
What is Financial Management? Anybody can describe it.
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