Monetary Policy

Monetary policy is a set of measures taken by Central Bank of the government to stabilize the economy (strengthening the national currency, accelerating economic growth, lowering prices, and so on). It is part of the macroeconomic policy, carried out by using various methods and tools, depending on objectives. In developed economies monetary policy has to

Financial Skills – Writing Checks & Paying Bills

I was surprised when I asked parents to tell me the life skills they wish their kids knew, and there was a resounding request for a few topics: How to open a bank account How to budget & balance accounts How to write checks and pay bills And how to start saving for retirement It

10 Rules for Composing Terms and Conditions for Your Invoices

Solid terms and conditions for your invoices are extremely important for your small business. If your invoices are complicated to understand or confusing to read, you may do some severe damage to your cash flow. Why? Mainly because if the client can’t understand your invoice they’re not going just pay. Your client wants to be

How Is NBFC Different From a Bank?

NBCFs and Banks both act as financial intermediaries and offer fairly similar services. But, there are many points of difference. There are very stringent licensing regulations for banks as compared to NBFCs. What is an NBFC? Principal business activities of a Non- Banking Financial Company consist of lending or financial leasing or hire purchase, accepting