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Explain about the monetary role of banks.
The Monetary Role of Banks:
• A bank is a financial intermediary.
• Bank reserves are the currency banks hold within their vaults and including their deposits at the Federal Reserve.
• The reserve ratio is the division of bank deposits which a bank holds like reserves.
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sir could you please tel me what is A/R process.
(i) Find out operating leverage from the following data: Sales Rs.50000 Variable Cost 60% Fixed Cost Rs.12000
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