DEFINITION OF FOREIGN EXCHANGE :- N.E. Evitt Says, " The means and methods by which rights to wealth expressed …

FOREIGN EXCHANGE RATE :- It has greater importance in foreign trade. When any country imports the commodity from any o…

FREE GOLD STANDARD MECHANISM :- When gold is allowed to move freely from one country to another country, it is called …

Gold standard had worked successfully in different parts of the world between 1816 to 1914. Following are the main adv…

GOLD STANDARD :- When the unit of money is exclusively defined by law as a certain amount of gold, of specified weight…

BI-METALLISM :- The monetary system where both gold and silver are standard metals and their ratio of exchange is fixe…

MONETARY STANDARD :- Monetary standard is the unit of account by which we measure the value of all kinds goods and se…

PRINCIPLES OF NOTE ISSUE :- There are two principles of note issue. First is the currency principle and the second is …

HISTORY OF COINAGE IN PAKISTAN :- In the ancient times metals like gold, silver, iron, pots and axes were used as a m…

COINAGE OF MONEY :- It means the process of manufacturing metals in to certain shapes to maintain the uniformity in al…

The money is generally classified under three main heads : METALLIC PAPER AND BANK MONEY :- Now we discuss these in …

PAPER MONEY :- Mr. Hanson has defined the paper money in the following words, " Paper money means the paper instr…

Following are the main qualities of good money material. Any thing which is generally accepted as a medium of exchange …

ROLE OF MONEY IN CAPITALISTIC :- Today money is considered one of the out standing inventions of the entire history o…

BARTER SYSTEM :- The direct exchange of one commodity or service for another without the use of money is termed "…

Money pays very important role in the economy of the country. In the old age, different things like gold and silver coi…

DIVIDENDS :- The return on investment in share is called dividend. It is the part of the profit earned by the company.…

CAPITAL PROFITS :- Those which are not entered during the course of business are called capital profits or non trading…

PROFIT :- The amount of income which is excess than the expenditure of the business during a given period is called pr…

DIVISIBLE PROFITS :- According to black and white publishing company (1901) "Profit available for dividend means …

1. SINKING FUND :- It is accounting term for cash set a side out of the profits for the particular purpose and investe…