To understand what are the main functions of the central bank, firstly we should know about what a central bank is? Every country of the world has its own central bank for resolving all the monetary and credit problems in the country. We can define the central bank as “Central bank is an institution, which […]
What are the Different Types of Bank? Explain In Detail
There are different types of the bank as well as different opinions about the derivation Bank”. Before discussing the types of bank, let’s see what is a bank and from where the word bank had derived. Some authors say that the bank is derived from the word ‘Banco” which means bench. According to another opinion […]
Explain the Advantages and Disadvantages of Foreign Trade in Detail
Advantages and Disadvantages of Foreign Trade:- “Foreign trade implies the buying and selling of goods and services among different countries across the world”. It may consist of export of goods and imports of goods from abroad. Foreign trade is also known as International Trade. Advantages and Disadvantages of Foreign Trade Advantages Maximum Use of Natural […]
What Is Paper Money? Explain Its Types in Detail.
There are different types of paper money, which uses commonly nowadays all over the world. But before going towards the types of paper money, let’s talk about paper money. What is paper money? Generally the term “paper money” refers to banknotes issued by the central bank of the country. Bill of exchange and cheque are […]
What are the Instruments of Monetary Policy? Describe its Objectives.
There are a number of instruments of monetary policy, which are important for a business to understand, but, here it is also important to know what Monetary Policy is? Credit performs important functions. Being the major part of the total supply of money in a modern economy, the value of money is influenced by the […]
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