The legal tender money is oftwo types: (i) Limited Legal Tender Money: This is a form of money, which can be paid in discharge of a debt up to a certain limit and beyond this limit, a person may refuse to accept the payment and no legal action can be taken against. Coins are lim...
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What does the term "reserve" mean? Should a reserve amount be included in a project proposal? Explain your answer. What is excess supply? What is the basic purpose of imposing legal reserve requirements on commercial banks? What is the demand function?
What does cost-effective mean? What is a reference request form? What's an economic catalyst? What is a tender offer? What does job loss do to an economy? What is negative reinforcement in management? What is an intensive growth strategy?
What does repentance mean? Repentance is a change of heart and change of direction. It involves a determination to stop sinning and not to sin in the future. Definition of repentance The Greek word translated “repentance” in the New Testament means “to change one’s way of life as the ...
What does Reprocution mean? Full Definition of repercussion 1 :reflection, reverberation. 2a : an action or effect given or exerted in return : a reciprocal action or effect. b : a widespread, indirect, or unforeseen effect of an act, action, or event —usually used in plural. ...
Those suffering from mental health issues: Asides the fact that adults are usually those who are faced with mental health problems, teenagers too also face mental health issues at their tender age. In most cases, those who are facing depression, anxiety and the likes, are often those who are...
The term "fiat" is derived from the Latinfieri, meaning an arbitrary act or decree. In keeping with this etymology, the value of fiat currencies is ultimately based on the fact that they are defined as legal tender by way of government decree. ...
Another way for the central bank to increase the money supply is to buy government fixed-income securities in the market. When the central bank buys these government securities, it puts money into the marketplace, and effectively into the hands of the public. How does a central bank, such ...