Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
CENTRAL BANK
A modern central bank performs so many functions of different nature that it is difficult to give any brief yet accurate definition of a central bank. Any definition of a central bank is derived from its functions and these functions have varied from time to time and from country to country. Like the topsides, the functions of central banks gave grown over time making it more difficult to give any brief and unchanging definition of a central bank. Nevertheless, a central bank may be defined as that central monetary institution which is charged with performing the duties of bankers bank fiscal agent for the government and managing the monetary system of the country. It must also be stated that. Barring rare exceptions. A central bank should not conduct commercial banking business. Economists have defined central bank differently, emphasising its one function or the other. According to Vera Smith the primary definition of central banking is a banking system in which a single bank has either complete or a residuary monopoly of note issue in Shaw opinion, the central bank is a bank which controls credit. Thus the one true,but at the same time all sufficing function of a central bank is control of credit. According to Hawtrey, central bank is the lender of last resort. According to the statutes of the bank for international settlements, a central bank is the bank in any country to which has been entrusted the duty of regulating the volume of currency and credit in the country. According to Kisch and Elkin, a central bank is a bank whose essential duty is to maintain. Stability of the monetary standard. In short while Vera Smith definition stresses the note issue function of the central bank the definitions of Shaw Hawtrey bank for international settlements and Kisch and Elkin emphasise the credit control. Lender of the last resort. Regulation of currency and credit and maintenance of stability of the value of the money unit functions of the central bank.
Q=5K0.4 L0.6 WHERE K is number of mchine,L s number of labour, price of unit is RM24 & wages og each lanour rm12. the company constraint by it budget rm 1500 per time period. a) co
Illustrate about forecasting in management A forecast expert has been asked to provide quarterly estimates of the sales volume for a specific product for the next four quarters
The most significant uses of the price elasticity of demand, used specifically in business decision-making. It refer to the relationship between price elasticity and the marginal c
Plot the demand schedule and draw the demand curve for the data given for Marijuana in the caseabove.
Define scarcity and opportunity cost. Show how these concepts are useful in managerial decision making
WAGE DETERMINATION, POLICY AND THEORIES Wages and salaries are rewards to labour as a factor of production of goods and services. In ordinary speech a distinction is frequent
Q. Show the Changes in fixed costs and profit maximisation? A firm maximises profit by operating where marginal revenue equals marginal costs. A change in fixed costs hasn't an
Q. What do you mean by Market Structure? Market economy pricing is conditioned by market structure. There are various forms of market structures. Perfect competition is accorde
Q. Describe the Public Utility Monopoly? Public Utility Monopoly: Governmental authorities seize complete management and control of some utilities to protect social interest
Intended or planned Investment Expenditure on investment depends on business expectations on the chance of making profits and on the availability of funds for the purchase of p
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd