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Q. What do you signify by Cash?
Cash :- For the motive of cash management the term cash not only includes cheques, bank drafts, coins, currency, notes, demand deposits with banks but as well the 'near-cash assets' like marketable securities and time deposits with banks for the reason that they can be readily converted into cash. For the use of cash management near-cash assets are as well included under cash because surplus cash is required to be invested in near-cash assets for the time being.
Question 1 Describe briefly the various terms of payment available to an exporter and importer. Explain any one method in detail Question 2 A documentary letter of credit is
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formula and explanation for Gordon''s dividend capitalization method
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