two primary functions-accepting deposits and advancing loans. A) Accepting deposits-The bank accepts deposits from public. People deposit their money as per their convenience and capability in the following accounts; i) Fixed or time deposit account:-Money is deposited in this account for a fixed period. The depositors get a fixed deposit receipt. The receipt contains the name of the depositor‚ the amount deposited‚ the rate of interest and the period of deposit. This receipt is not transferable
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notation of the amount counted in the church safe. Next morning the financial secretary opens the safe and counts the collection again. She withholds about $100 to meet cash expenditures during the coming week and deposits the remainder of the collection intact. To facilitate the deposit‚ members who contribute by check are asked to draw their checks to “cash.” Required Describe the weaknesses and recommend improvements in procedures for collections made at weekly services. Organize your answer
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(3) Bhutan (4) Slovakia (5) Croatia 2). Which of the following statements in true ? (1) Banks cannot accept and demand time deposits from public (2) Banks can only accept demand deposits from public. (3) Banks can only accept time deposits from public. (4) Banks can accept both time and demand deposits from public. (5) Banks can accept demand and time deposits from Government. 3). Interest Payable on savings bank account is (1) Not regulated by RBI (2) Regulated by State Governments. (3)
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significant contribution in the economy of a country. In banking sector the activities performed in GB and in Accounts department is of greatest importance. Banking service is directly related with clients. Banking activities facilitate clients to deposit their money in the bank according to their needs‚ to withdraw cash available in clients bank account‚ help the clients to engage in transaction in a safely mode‚ help the clients to improve their living standard by providing loans to the clients
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Prof. Muhammad Usman Whose love and support give us the strength to work… Contents Introduction 1 RATIO ANALYSIS 2 Average rate of lending: 2 Average rate of borrowings‚ deposits: 2 Admin cost/ deposits: 2 Spread: 3 Expense/ income: 3 Return on assets: 3 Return on equity: 3 Infection ratio: 4 Advance/ deposits: 4 Other Ratios not forming Basic Banking Ratios 4 Price/Earning Ratio: 4 PULSE FEELING ANALYSIS 5 Income Statemnt 5 Markup/ Return/ Interest Earned: 5 Vertical Analysis:
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Internship Report on Jamuna Bank Limited EXECUTIVE SUMMARY Jamuna Bank Limited is bank of new generation. It is committed to provide high quality financial services/products to contribute to the growth of GDP of the country through stimulating trade and commerce‚ accelerating the pace of industrialization‚boosting up export‚creating employment opportunity for the educated youth‚ poverty alleviation‚ raising standard of living of limited income group and overall sustainable socio-economic development
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follow the implementing rules and guidelines. An addition to preventing financial loss‚ these controls promote security and accurate financial reporting. Appropriate internal controls include the segregation of duties‚ safekeeping of Cash‚ prompt deposit of all Cash Receipts and accurate recording of revenue into the cooperative financial systems. II. OBJECTIVES: To ensure that all collections of cash and/or checks received by the Cooperative are: a. adequately controlled against loss or theft;
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services and introducing new services in an attempt to maintain and gain market share. There are a total of 1‚360 banks within the state of Texas of which 250 are owned by Holding companies. These banks together hold 55% of the states total bank deposit. In Dallas‚ First International Bancshares was the leading holding company followed by Republic of Texas Corporation being the second largest in terms of total assets. Additional banking institutions consist of thrift institutions such as Mutual savings
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number 1‚ how much will have to be deposited into the Merrill Lynch account (which earns 8% per year) at the end of each month to accumulate the required down payment? 3. If Kate decides to make end-of-the-year deposits into the Merrill Lynch account‚ how much would these deposits be? Why is this amount greater than twelve times the monthly payment amount? 4. If homes in Lakewood appreciate by 6% per annum over the next
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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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