BANKRUPTCY
DEFINATION:
A bankruptcy is a legal proceeding which involving a person or institution to repay its outstanding debts.
In other words:
Bankruptcy is a process to repay on demand by the debtors to its creditor.
“Bankruptcy is also known as the liquidation of assets” and the reorganization of bankruptcy.
INTRODUCTION:
There are many countries are facing bankruptcy. Pakistan is also facing [...]
LOAN AND ITS TYPES
DEFINATION:
Loan is also known as Debt.
In other words:
Borrowing sum of money from a financial institution or government agency and repaid with an interest is called loan.
TYPES OF LOAN:
There are some kinds of loan which are as under,
Secured loan
Unsecured loan
Demand
SECURED LOAN:
In this kind [...]
MONETARY POLICY AND ITS IMPACTS
DEFINATION
Monetary policy is the process of a country’s state bank, government or monetary authority.
Monetary Policy involves the changes in the interest rate of an economical sector.
INTRODUCTION OF MONETARY POLICY:
Monetary policy deals with the changes in interest rates in an economy. It controls the money borrowing and money supply in an economical [...]
INFLATION
INFLATION:
The increase in the prices of commodities is called inflation.
In other words,
The upward price movement of goods and services from an economic year is called inflation.
An increase in the quantity of money and credit is called inflation.
CAUSES OF INFLATION:
There are many causes of inflation which are as under,
The first cause of inflation is that when [...]
INTERNATIONAL MONETARY FUND (IMF)
DEFINATION
International Monetary Fund (IMF) is an international organization that provides the fund globally.
INTRODUCTION:
International Monetary Fund (IMF) organization was established in 1944. IMF was established after the Second World War. There are 45 member of this organization. IMF is working in 186 countries. It has a global role in the world’s economy. IMF [...]