Q.6: a) Briefly explain contingent charges and modes of obtaining cash. b) What is special cheque? For what type of transactions is it used? Q.7: a) What is Khyber pakhtunkhwa delegation of power? Give examples of

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A: A bank statement refers to the statement which reflects the transactions that are not being…

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A: Only profit sharing is permitted in Islamic finance when it comes to savings accounts, although…

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A: we will explore control activities aimed at addressing the risk of bid rigging and kickbacks in the…

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A: Loan: It is an amount of property, and goods give to another party for a certain time period on…

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A: Central banks are important in the economic development of nations and maintaining liquidity and…

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A: With globalisation, trading with a foreign country has never been easier, however foreign trade…

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A: REGULATION O-2    WINDOW DRESSING Banks/DFIs shall refrain from adopting any measures or practices…

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A: Option d is correct.  Because all the exchange of foreign currency is taken in foreign exchange…

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A: The accounting of financial transactions can be done using the cash basis of accounting or accrual…

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A:

Q: CH3.LOT3. Which of the following method/s where banks enable payments to customers? A. Wire Transfer…

A: There are various method where banks enable payments to customers

Q: answe Il only I only None of these and II

A: Ans. A cheque is a negotiable instrument which is endorsed and has many types : e. g. Crossed…

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A: The special revenue fund is set up by the government to collect funds to be used in a particular…

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A: There are various instruments issued by Government

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A: Ans. Nostro is a Latin word which means 'ours'. Nostro means 'our account with you'. It is an…

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A: Which group in the federal government is responsible for counting M1 and M2 money amounts? C.…

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A: Lender is an individual or institution who lends its money to the company. The company would require…

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A: Foreign Currency Translation: It is the process of converting one currency into another, which is…

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A: Cash of the business means cash in hand and all other short term instruments or objects that can be…

Q: What is the official monetary target of the Bank of Canada?

A: A country's monetary policy is a qualitative and quantitative approach adopted by the country's…

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A: Buyer's credit is a credit facility where a short term loan is financed to the importer of goods and…

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A: Amongst the options provided, the activities described in the first two options are performed by…

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A: Balance of payment is the record of all international transactions i..e.,  payments and receipts,…

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A: Several options have been given to fund the Spruce Account. We have to find the correct answer.

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A: The objective of the question is to identify the function that is not typically performed by a…

Q: nstrument is used by the exporter and nporter to fulfill their short term nancial requirement?

A: Banks provide credit to the business for import and export.

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A: The correct answer to the question is "To manage the public and private debt in the country"Central…

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A: "Other Receivables" group includes all the receivables which do not occur in the common trade of…

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A: Eurodollars refer to dollars denominated at overseas banks or overseas branches of America. The…

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A: International sources of funding are used by companies to raise money outside countries.

Q: Explain the concept of American depositary receipts (ADRs).

A: Answer: Meaning of American depositary receipts (ADRs): American negotiable securities that signify…

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A: Under a good cash disbursement control system all payments are to be authorized and must be approved…

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A: Sale of euros by US treasury results in cash inflows to US treasury.

Q: Q- 4211 Which journal entry recognizes that an NSF check had been deposited by a company and…

A: NSF check stands for non-sufficient funds check. It is recorded when a check is deposited by the…

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A: Conciliation refers to the process of mediating between the two or more disputing parties having…

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A: A VAT, i.e., Value-Added Tax is a consumption tax imposed on a good at whatever level of the supply…

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A: Commercial bank are those institute which provides the facility of cash deposit and checking account…

Q: Providing letter of credit to customers Honoring the cheque Providing a referral letter Furnishing…

A: Bank acts as a guarantor to his customers by

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A: Financial Account - It is a kind of component of a country's balance of payments which covers the…

Q: Which of the following items is a "debit" item in a country's balance-of payments accounts? a.…

A: Under Balance of payment, on debit side those items are shown which result in outflow of money /…