What is a central bank,

Q: What are the characteristics of a bank which generally distinguish them from other commercial…

A: Banks are those financial institutions which provide loans to the public and accepts deposits from…

Q: What are the main commercial services offered by banks? can you answer in your own words

A: The central bank of a country is the apex financial institution in the country and is responsible…

Q: Justify how Riba-al-Quran exists in today’s banking system.

A: Riba could be a idea in Muslim banking that refers to charged interest. It's additionally been…

Q: What are the main functions performed by commercial banks?

A: A type of financial institution that is permitted to accept deposits and provide loans is called the…

Q: What does liabilities mean for the balance sheet of any bank? Explain briefly.

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: What are the factors that make a person choose a bank? What are people looking for in a banking…

A: Bank is referred as the financial institution, which accepts the monetary deposits from the people…

Q: What are prudential standards in the context of bank regulation? Detail the requirements of two (2)…

A: Bank regulation is defined as the government regulation type, which used to be subjected to banks…

Q: What is the purpose of the Manual of Regulations for Banks (MORB)

A: MORB stands for Manual of regulations for banks is nothing but an authoritative codifications of…

Q: What is the use of a bank reconciliation statement

A: BRS refers to bank reconciliation statement. It is a statement prepared by various organisations or…

Q: why is it important for companies to prepare bank reconciliation periodically?

A: Any businessman or a company contains a book called as Cash Book. This cash book contains the…

Q: Why is it important to prepare a bank reconciliation

A: Bank reconciliation is the statement prepared by the entities to check if there are any variations…

Q: The role of comercial bank?3. The operations of the commercial bank,show the chart of this…

A: Role of commercial bank Mobilization of savings:- Banks play a very important role in mobilization…

Q: What is the bank reconciliation statement

A: The cash book is prepared to keep the record of cash balance.

Q: Discuss using figures how Bank Overdraft will affect the preparation of Bank Reconciliation…

A: Bank reconciliation statement is a kind of statement prepared in order to reconcile the balances…

Q: ( ) is responsible for conducting monetary policy by influencing money supply and interest rates. a.…

A: Option C. A Central Bank   Central Bank is responsible for influencing the monetary policy of the…

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…

Q: what are the causes and concern of shadow bank. please answer in detail

A: Shadow bank is also referred to as non-bank financial intermediation which performs bank like…

Q: Who is responsible for preparing the bank reconciliation and what is the purpose of it

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which of the following is the primary regulator of bank holding company activities? Federal Reserve…

A: The companies holding controlling interest in banks are known as bank holding companies. These…

Q: Explain how Mudaraba and Musharaka are implemented in today’s banking system

A: Mudarabha The term Mudarabha is actually means to form the partnership or trust to share the profit…

Q: What is the purpose of preparing a bank reconciliation?

A: Bank reconciliation is prepared to reconcile the company's cash book that is reconciled with its…

Q: How is responsible for preparing the bank reconciliation and what is the pur Pose of it:

A: Bank Reconciliation Statement - A statement showing the business activity of the company to…

Q: List the categories of central banks function? Elucidate the interbank markets?

A: Central bank of any economy (or country) is the apex financial institution that governs and…

Q: What is your preparation in doing bank reconciliation? Can you be able to reconcile bank to book…

A: The answers for the questions on Bank Reconciliation Statement are discussed hereunder : Bank…

Q: Discuss the main reasons for regulating the banking system.

A: Bank regulation is a form of government law that subjects banks to requirements, regulations,…

Q: A mechanism of interbank transaction of islamic bank and conventional banks

A: Islamic banking or sharia-compliant finance a financing activity that complies with sharia through…

Q: Describe the different types of financial institutions and which banking authorities supervise them.

A: The financial market composed of a number of financial institutes that perform a variety of…

Q: committee deals with the judiciary functions of banks

A: Banks: Banks are the financial institutions whose major function is to provide loans and accept…

Q: What are bank assets used for?

A: Standard Disclaimers“Since you have posted a question with multiple subparts, we will solve first…

Q: This refers to a type of financial institution particularly commercial bank that is state-owned by…

A: 1) Public Sector Banks are commercial banks that are owned by the corresponding government I,e…

Q: T THE FEDERAL LEVEL, HOW MANY BANKING REGULATIONS ARE THERE?

A: The federal and state governments have the authority to control and manage the financial markets and…

Q: Islamic bank instruments?

A: Bank Instruments-: Bank Instruments is a familiar expression for several categories of instruments…

Q: Which field typically appears in the Bank Register but not usually in reports?

A: QuickBooks is accounting software used by small and medium-sized businesses to get good accounting…

Q: Choose the function and service of a bank in which Bank Purchases and sells securities, shares and…

A: A bank provides different functions to its customers along with core banking services and some…

Q: A checking account is: OPTIONS: an asset to a commercial bank. a liability to a commercial bank. an…

A: A checking is a bank saving account which is opened with a commercial bank by a customer. He can…

Q: Why is there a need for  banking regulations to regulate savings  and  the lending of money by…

A: Banks are one of the most important financial institutions. Banks play an integral role when it…

Q: Discuss the different roles and responsibilities of the treasury department in a bank

A: A bank’s markets division, also known as its Treasury, is part of the wholesale banking business.…

Q: What are the benefits of government setting and managing bank fees and rates to depositors?

A: Government used to deal with the citizens as well as deliver the public as well as social services,…

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.