define the term "competitive banking system". distinguish between gross rates and net rates.?
106549
As Ranking Democrat of the Banking Committee since 1998, Rep. LaFalce became the point man for the Clinton Administration on all financial economic issues, and consistently demonstrated his leadership by initiating, advocating and securing the enactment of numerous laws designed to increase consumer protection; expand housing and community development; increase competition to provide consumers the widest range of financial services at the lowest cost; ensure the safety, soundness and competitive strength of the banking system; and improve the efficacy and fairness of international development programs. His leadership role was enlarged further in 2001, at the beginning of the 107th Congress, when the House Banking Committee became the House Financial Services Committee, with expanded jurisdiction that encompassed all three pillars of the U.S. financial system: banking, securities, and insurance. Since that change, Rep. LaFalce has played the key leadership role in developing and enacting new regulatory oversight and increased investor protections in the securities area, to restore market confidence after the corporate abuses revealed by Enron, Global Crossing, WorldCom and others.
787370
a bank is a place where many transactions takes place like,depositing money,withdrawing money,opening accounts,sending money from one account to another,u can also keep ur jewellery or important documents or papers or anything very precious in its locker.\nis it enuf?\n:-)
430366
Compounding when interest builds on something. If interest is charged or paid monthly then the interest compounds monthly.\n\nAnnual % rate is the rate per year. In the example of having a certificate of deposit at a bank, it is the amount that the bank gives you if you were to get paid interest once a year. Generally that number is divided by 12 and paid monthly.\n\nAnnual % yeild is the annual % rate you get when you include the interest that you earn on your interest.
942252
Capital = Initial capital * (1+r)^n, \nwhere \nr = interest rate  per period\nn is number of periods
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Gross profit equals gross income less expenses.  Another way of putting it would be Earnings before interest, tax and depreciation allowance or EBITDA.
1163416
Electronic banking Electronic handling of all types of banking business, primarily over the Internet\n\nElectronic banking is an umbrella term for the process by which a customer may perform banking transactions electronically without visiting a brick-and-mortar institution. The following terms all refer to one form or another of electronic banking: personal computer (PC) banking, Internet banking, virtual banking, online banking, home banking, remote electronic banking, and phone banking. PC banking and Internet or online banking are the most frequently used designations. It should be noted, however, that the terms used to describe the various types of electronic banking are often used interchangeably
821820
in really simple terms, your profit is how much you made on the sale.  for example, if you sold an item that cost you $40 to make for $100, your gross profit is $60.   you also had expenses of $25 (taxes, etc).  your net income is $35\nyour profit margin is usually given as a %. (net income divided by revenue)\n= 35/100 = 35%\n\nnote that there is a gross profit margin and a net profit margin.
370998
perfect competition is a theoretical thing, where you assume all consumers have all the information they need, and all prices are the same and the quality is the same, and that there is perfect mobility in the market.\nthe wheat market is considered perfectly competitive because there is no way for the suppliers to differntiate the wheat they produce form other wheat. therefore they can only compete through price as wheat is homogeneous.
242214
The ability of a business to compete with others on the basis of its cost of production is COST COMPETITIVENESS. When a business able of produce goods or services on low cost as compared to its competitors it has competitive advantage over the others.
544652
goods price * discount rate = discount value\n\nthen : \n\ngoods price - discount value = net value
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Accounting Rate of Return\nPayback Period\nNet Present Value\nInternal Rate of Return
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I don't think there are types of interest rate. Interest is the "rent" paid to borrow money. The lender receives a compensation for deferring their own consumption. The original amount lent is called the "principal," and the percentage of the principal which is paid/payable over a period of time is the "interest rate." \nThere are several ways to compute for interest such as simple interest, compound interest etc. There are Market Interest rates & Interest rates in Macroeconomics. \n\nThat's all I could gather, I hope I answered your question.:)
15592
Are you talking about CDs, Money Market, Savings, Mortgage?\n\nYou can check bankrate.com\nYou can select the link that says "Compare ??? in my area", it will allow you to enter in your state and city. Replace ??? with Savings, mortgage, etc
70677
APR is the annual percentage rate of the finance charge.  The lower the interest rate, the less money you pay in finance charges.  The two different APRs are known as fixed and variable.  A fixed APR is a set rate which the company charges you to use their money.  Some people prefer a fixed rate because they know how much money they are going to be charged each month in interest.  A variable rate changes depending on the economy and is usually calculated by adding the prime rate to the marginal rate.  Some people prefer the variable rate because when the economy is going well the prime rate is usually very low and you could end up paying a lower interest rate.  The down side is that when the economy is bad and the prime rate is high you will end up paying a higher interest rate.
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Equivalent Distributed Money, which is on yearly basis to control separated volume of any bank product, ussually in National Treasure Bank of a country run by government.\n\nElectric Data Management - computer based banking\nElapsing Date Minimum - birth/nursery\nEstimated Divertion and Missed - geography\n...etc...
819437
For a trading account you need to show the results of trading ( ie buying and selling of goods ) in order to ascertain the gross profit  or gross loss of your business.\nNow this means you need to use only those transcations which are directly connected with goods.\n\n\nA profit&loss account is prepared after the trading account and it ascertains the net profit and loss for a particular period .\nThe net profit is the surplous you have in your hands after charging against gross profit all the expenses including depreciation and other provisions attributed to normal activities of a business (general expenses).\n\nDeferred payments when related to sales of goods for filing in the trading account is debited . The person who has to give you money is the debtor.\nAnd it is his liability and your asset , \nItll always be added to the debit column\n\nPrepaid items are your liability as you have to provide the customer with your service and is added to the credit column as its an advance payment.\nLast year's debt that just turned bad is added to debit column in the P&L account.\n\nI hope you this is of help to you.\n\nHave a nice day.\n\n:)
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An economic system or economy consists of a set of rules, goals, and incentives that govern economic relations among people in a society and provide a way to answer the basic economic questions.\nEconomic systems may rely heavily on:\nTradition\nBrute Force\nFirst come -- First Serve\nCentral Authorities\nMarkets\n\nTypes of Economies\nTraditional:\nold or primitive ways to respond to the economizing problem\nPlanned or command:\nThe Central Authorities decide what to produce.\nMarket system or capitalism:\nMarket prices guide production decisions.\nMixed System:\nCertain segments of the economy are dominated by the Government.\nPanama is like the majority of the world nations.it applies mixed economy.