1. BANKING NEWS: Current RBI Rates a. CRR – 4% b. SLR – 23% c. Repo Rate – 7.25% d. Reverse Repo– 6.25% e. MSF– 10.25% f. Bank Rate – 10.25% Important Fact and…
Financial Markets & Interest Rates Financial System Surplus Economic Units Deficit Economic Units Securities Documents that represent the right to receive funds in future.…
John Wiley & Sons, Inc. Prepared by Marianne Bradford Bryant College Accounting Principles, 6e Weygandt, Kieso, & Kimmel 1 Explain why bonds are issued. 2 Prepare…
PowerPoint Presentation Why Do Banks Exist? 2-33 Minimize Transactions Costs 3-33 Minimize Transactions Costs While borrowers and savers might seek each other out and strike…
Financial Accounting and Accounting Standards Long-Term Liabilities 15 Learning Objectives Describe the major characteristics of bonds. Explain how to account for bond transactions.…