about 7 years old I would always ask my parents for money. But I could never figure out how to go by saving my money. I would try so hard to not spend it on candy or ice cream but that would never work. I would always hear my parents talk about going to the bank to make a deposit. I never would ask them what deposits were. A few years had passed and I finally asked my parents what deposits were? My father told me a deposit is something you take to the bank. And I said is it money? And why do you take
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Ten Years? Life is very short! It is not important how much long life we have lived‚ but it is most important how we live our life. Generally people want to add days to life whereas‚ I believe to add life to days. Everybody has an idea of the type of person they would like to be and what they will have liked to accomplish within a span of the next ten years. No one can predict the future but I do have some ideas of what I would like to do in the years coming up. In my next ten years‚ I want
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Now-a-days‚ most of the people keep money in bank to make the money secure and as well as for profit motive through interest. For various kinds of people there are various kinds of bank account such as savings A/C‚ current A/C etc. Since our assignment is through savings A/C plan on Bank Asia Limited‚ so we are discussing below about it. Bank Asia Limited is a scheduled commercial bank in the private sector established under the Banking Company Act 1991 and incorporated in Bangladesh as a public
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The rainy season for the animal indicates for man difficult times of need. If you go on saving you have always something to bank upon and you are never in need. The LIC established by the Government of India is the largest mobilize of the savings of the people. The LIC is perhaps the oldest organization which mobilizes money from the people and lends a portion of it for constructive activities of the nation. Many years ago there were small insurance companies and they were all integrated into one
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takes $10‚000 and deposit in the banking system‚ the total amount of of deposits in the banking system increase by $100‚000 ( $10‚000 x 10)‚ because the reserve ratio is of 10% which mean the money multiplier is 1/R= 1/0.10 = 10. ii As bank deposits are part of the money supply‚ so John deposited $10‚000 but the bank is required to keep a ratio of 10% or $10‚000. Taking in consideration i above by using the money multiplier the bank is allowed to make a maximum of $90‚000 or 10 x $$10‚000= $100‚000
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Survey of Various types of Bank Accounts‚ rate of interest offered Mr. Pinto (name changed on request) of Axis Bank Limited of Nerul Branch was very co-operative when I visited their branch and introduced myself as a 10th Std. student of Ryan International School‚ Nerul and inform my purpose of visit of carrying out a survey on various types of bank accounts available and commonly used in India. He offered me a place to sit and called for water and request to give him some time to complete his
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What is Recurring Deposit Account ? Meaning ↓ Recurring deposit account is generally opened for a purpose to be served at a future date. Generally opened to finance pre-planned future purposes like‚ wedding expenses of daughter‚ purchase of costly items like land‚ luxury car‚ refrigerator or air conditioner‚ etc. Recurring deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate. In recurring deposit account certain fixed amount
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BANK ACCOUNT: A bank account is a financial account which tells you details or records of all the financial transactions that occurs between bank and the customer and also the financial state of the customer after that. There is a process of opening an account which is as follow: 1. The Type of Bank Account which you wish to open: There are following types of accounts like fixed deposit account‚ saving account and the current account. You choose any of them according to your need. 2.
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Payroll Direct Deposit Instructions Please complete and submit this form to your employer to have your paycheque automatically deposited into your Scotiabank account. To: Kennedy House (INSERT NAME OF YOUR EMPLOYER) Please accept these instructions to automatically deposit my paycheque into my bank account as outlined below: Employee information Telephone No. EMPLOYEE NAME 905-718-4218 cell 905-425-4218 home Brent Wilson Address 148 Queen St. City Postal Code Whitby K9V 1H1 EMPLOYEE NUMBER
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the school‚ drives 2 km towards North‚ takes a left turn and drives for 5 km. He then takes a left turn and drives for 8 km before taking a left turn again and driving for further 5 km. The driver finally takes a left turn and drives 1 km before stopping. How far and towards which direction should the driver drive to reach the school again? 1) 3km towards North 2) 7 km towards East 3)6 km towards South 4) 6 km towards West 5) 5 km towards North Directions (Q. 2-3): Read the following information carefully
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