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Classwork Exercise and Series (Economics- SS3): Commercial Banks

Definition of a bank A bank is a financial institution licensed as a receiver of deposits. It is a commercial institution that performs financial activities. A bank is also an institution that creates money and give out loans to people. It is a place where money and other valuables are kept. Meaning of commercial banks

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Want to pass your exams? Sleep! Pulling an all-nighter ‘won’t work’ because sleep is vital to memory

It is the age-old trick of students the world over – pulling all-nighters to cram for an exam. But a team of experts at Brandeis University in Massachusetts have a few words of wisdom, urging students to put down the coffee and sleep. They believe the memory neurons that are responsible for converting short-term memories

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Classwork Series and Exercise (Economics-SS3): Government / Public Revenue

Government/ Public revenue Government revenue is money received by government. It is an important tool of the fiscal policy of the government and is the opposite factor of government spending. Government (or public) revenue may be defined as the total income accrues to all levels of administration (local, state and federal) or government from various

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Classwork Exercise and Series (Financial Accounting- SS1): Bank Reconciliation Statement

Concept of bank reconciliation statement A business enterprise will record money paid into the bank and the sums drawn from the bank with cheques in the cash book. On the other hand the bank record all the transactions in its own books. The book which the bank prepares showing the transaction between it and the

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