Problem Set 1 Due: Monday‚ Sep. 30th‚ at the beginning of the class You may work together in answering the questions‚ but each student should write his or her own answers. DUPLICATE ANSWERS WILL RECEIVE ZERO CREDIT. SHOW ALL YOUR WORK FOR EACH SOLUTION. Answer each question clearly‚ completely‚ and neatly. 1. Use the information for the question(s) below. In November 2009‚ Perrigo Co. (PRGO) had a share price of $39.20. They had 91.33 million shares outstanding‚ a market-to-book ratio of
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• Contribution to the agricultural development • Contribution to the industrial development • Contribution to other economic areas Commercial banks perform two kinds of functions: 1. Micro Functions • Collection of deposit • Credit extensions • Receiving interest • Creation of medium of exchange • Issuing of cheque • Circulation of money 2. Macro Functions • Capital formation • Role in economic development • Transmission
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$300 is deposited each quarter into an account earning 7 % compounded quarterly? Also‚ of this total value‚ how much did you contribute and how much is from the interest? For 40 deposits of $300 each with [pic]‚ we find the accumulated value as [pic] The total interest earned is the difference between the amount in the account and what you actually deposited: 17170.24 – (300)(40) = $5170.24. An individual deposits $600 per month into an account paying 7.2 % compounded monthly. How
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this report. Basically report’s findings is cover two major areas‚ first- “Managing the need of General Banking customer”‚ SIBL fulfill General Banking customer need by offering the various types of Account like- Al wadia current and Saving accounts and different deposit scheme like- Lakhopoti deposit scheme‚ pension saving scheme etc and other functions like- Remittance‚ clearing‚ cash section function. SIBL also follow some procedure to manage the need of General Banking customer. Another major
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PERSONAL BANKING Deposit Accounts Savings Account Passbook Savings Account A Passbook Savings Account is an interest-bearing deposit account which you keep track of through a personal passbook. You can deposit funds at any Metrobank branch by accomplishing the appropriate deposit slip and presenting your passbook‚ slip‚ and cash or check at the service counter. B. Metrobank ET Savings Account The Metrobank ET Savings Account comes with an ATM card that allows you to conduct several
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University Branch‚ Rajshahi. I have met the Manager/ Senior Principle Officer and give my identity and the letter of the chairman of our department. He permitted my like begins. He introduced me with the Second Officer‚ Cashier‚ Computer Operator‚ Accounts Officer and other Officers. There I practically observed the Overall Banking and Management system of this institution and I discussed with the different Officers about my internship. They informed me about the overall activities and financial
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How Agent Banking Changes the Economics of Small Accounts ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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play an important role in the economic development of a country. Commercial banks are the primary contributors to the economy of a country. Commercial banks are profit making institutions that holds the deposits of individuals and business. As banks are profit earning concerns‚ they collect deposit at the lowest possible cost and provide loans and advances at higher cost. The differences between two are the profit for the bank. The banks also role plays the human resources development. Banking is
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(Overview of the Organization) 2.1 Background of the Organization Mutual Trust Bank Limited (MTBL) was incorporated on September 29‚ 1999 under the companies Act 1994 as a public company limited. They introduced themselves as a pioneer in banking sector. At the time of beginning their authorized capital was Tk 38‚ 00‚000‚000 divided into 38‚000‚000 ordinary shares of Tk each. The head office of the bank is in MTB center‚ 26 Gulshan Avenue. The bank has 67 branches allover the country‚ the bank carries
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workers and firms expect monetary policymakers to maintain the price level at 1.2. Chapter 13 Problems #1 Component of M1 Component ofM2 Currency 915. Demand deposits 507. Other checkable deposits 405.2 Traveler’s checks 4.7 Equals M1 1831.9 1831.9 Savings deposits‚ including money market deposit accounts 5‚327.9 Small-denomination time
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