Article of Bankers
Scope of Economics?
Scope of Economics? The scope of economics is the area or boundary of the study of economics. In scope of economics we answer and analyze the following two main questions: (i) What is the subject matter of economics? (ii) What is the nature of economics? The subject matter of economics is divided into two: i) [...]
Definition of Economics?
Definition of Economics? The word Economics comes from the Greek word Oikonomia. – Oikos (means a household) + Nomos (means management). In a word, Economics is a study of how people use their limited resources to fulfill unlimited wants. According to – Adam Smith (1723 -1790), the founder of economics, described it as a body [...]
What do you meant by corporate governance?
What do you meant by corporate governance? Answer: Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The shareholders' role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in [...]
Use of Trade Finance Techniques in Different Global Region!
Use of Trade Finance Techniques in Different Global Region! Open Account: Transactions mainly between exporter and importer; risky for exporter; involvement of banks are insignificant and thus low source of revenue; relatively cheap for the traders; guided by the purchase/sale contract; limited control of the regulators; greater involvement of country risk; high ML risk. [...]
Bank Payment Obligation!
Bank Payment Obligation! BPO is a payment tool offering a level of security similar to that of a letter of credit. The BPO is an irrevocable undertaking on the part of an obligor bank (typically that of a buyer) to recipient bank (typically that of a seller) to pay a specified amount on agreed date [...]