(i) Globalisation is the process of integration and interaction among the people, companies and government of different nations, a process driven by international trade and investment and aided by information technology. (ii) Under globalisation the countries that hitherto closed to trade and foreigRead more
(i) Globalisation is the process of integration and interaction among the people, companies and government of different nations, a process driven by international trade and investment and aided by information technology.
(ii) Under globalisation the countries that hitherto closed to trade and foreign investment open up their economics and go global. The result is an increasing interconnectedness and integration of economic of the world.
(iii) Under globalisation more and more goods and services, investments and technology are moving between countries.
(iv) In addition to goods, services, investment and technology, there is movement of people who move from one country to another in search of better income, better jobs, or better education.
The facility of cheques against demand deposits make it possible to directly settle payments without the use of cash. Since demand deposits are accepted widely as a means of payments, along with the currency, they constitute money in the modern economy.
The facility of cheques against demand deposits make it possible to directly settle payments without the use of cash. Since demand deposits are accepted widely as a means of payments, along with the currency, they constitute money in the modern economy.
What do you understand by globalisation? Explain in your own words.
(i) Globalisation is the process of integration and interaction among the people, companies and government of different nations, a process driven by international trade and investment and aided by information technology. (ii) Under globalisation the countries that hitherto closed to trade and foreigRead more
(i) Globalisation is the process of integration and interaction among the people, companies and government of different nations, a process driven by international trade and investment and aided by information technology.
(ii) Under globalisation the countries that hitherto closed to trade and foreign investment open up their economics and go global. The result is an increasing interconnectedness and integration of economic of the world.
(iii) Under globalisation more and more goods and services, investments and technology are moving between countries.
(iv) In addition to goods, services, investment and technology, there is movement of people who move from one country to another in search of better income, better jobs, or better education.
See lessWhat is the main source of the income of the banks?
The difference between what is charged from the borrowers and what is paid to depositor is the main source of income of the banks.
The difference between what is charged from the borrowers and what is paid to depositor is the main source of income of the banks.
See lessWhy no person can refuse to accept payments in rupee?
No one can refuse to accept payments in rupee because it is a legal currency authorised by the government.
No one can refuse to accept payments in rupee because it is a legal currency authorised by the government.
See lessHow do the demand deposits share the essential features of money?
The facility of cheques against demand deposits make it possible to directly settle payments without the use of cash. Since demand deposits are accepted widely as a means of payments, along with the currency, they constitute money in the modern economy.
The facility of cheques against demand deposits make it possible to directly settle payments without the use of cash. Since demand deposits are accepted widely as a means of payments, along with the currency, they constitute money in the modern economy.
See lessWhat is a cheque?
A cheque is a paper instructing the bank to pay a specific amount from the persons's account to person in whose name the cheque has been made.
A cheque is a paper instructing the bank to pay a specific amount from the persons’s account to person in whose name the cheque has been made.
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