Inflation is the process in which there is a continuous increase in the general price level and the money is continuously losing its value. Everybody know the term inflation but majority did not understood it. In simple word we can say that in inflation the power of Money is losing. According to Gardner Ackley definition […]
Functions of Commercial bank
Functions of Commercial bank A bank is a financial institution which deals with the money and credit. It is organized on a joint stock company system primarily for the earning of profit. The main function of commercial bank is to accept deposits from individuals, firm and companies at lower rate of interest and gives […]
History of Banking System
History of Banking System There are various view about banking and its evolution, the origin of a word ‘bank’ is that it is derived for Italian word ‘banque’ which means bench. Another view is that it has originated from f German word ‘banc’ which means a joint stock firm. According to G.crowther the present […]
What is Commercial Banks – Definition and Meaning
What is Commercial Banks: It is a financial institution that provides services for businesses, organizations and individuals. Services include offering current, deposit and saving accounts as well as giving out loans to businesses. Commercial banks are defined as a bank whose main business is deposit-taking and making loans. This […]
What is Central Bank Definition & Meaning
What is Central bank Central bank that provides financial and banking services for its country’s government and, as well as implementing the government’s monetary policy and issuing currency. Central Bank have a wide range of responsibilities, from overseeing monetary policy to implementing specific goals such as currency stability, low inflation and full employment. […]
