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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.
#ques1. Steve and Ed are cousins who were both born on the same day, and both turned 25 today. Their grandfather began putting $2,500 per year into a trust fund for Steve on his 20
Profitability in relation to investment - Profitability Ratio a) Return on Investment (ROI) or return on total asset (ROTA) = (Net profit/ Total asset) x 100 The ratio i
the two problems below (P1 and P2). Five marks each. Part marks will be allocated, but if you have the incorrect answer then you cannot expect to get more than half marks. Project
Example of EOQ Assumptions ABC Ltd requires 2,000 units of a component in its manufacturing method in the coming year that costs of Sh.50 each. The items are obtainable locall
some report about credit bank
Actions of Shareholders in Agency Conflict a) Disposal of assets required like collateral for the debt in this. In this case the bondholder is exposed to more risk becaus
IRR or Internal Rate of Return This method is a discounted cash flow technique that uses the principle of NPV. It is described as the rate such equates the present value of c
Net Present Value Method - DCF Technique The method discounts outflows and inflows and ascertains the total present value via deducting discounted outflows from discounted inf
Characteristics of Sole Proprietorship A. It caters for customers' personal attention B. Accounts do not must be audited C. Limited to such finances like: F
challenges your likely to face when apparising a project on the implemtation stage
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