Accounting, Banking & FinanceMoney as a Medium of ExchangeJune 7, 201518 CommentsA medium of exchange is an intermediary instrument used to facilitate sale, purchase and trade if goods among different parties.…
Accounting, Banking & FinanceWorking of an Insurance CompanyJune 4, 20155 CommentsThe promise to make good a loss which may arise in future, in return of a periodic sum of money,…
Accounting, Banking & FinanceInvestments: IntroductionMay 29, 201518 CommentsLet’s begin the post by answering a very basic question: What is an investment? You may say that anything purchased…
Accounting, Banking & FinanceWhat is Finance? An overviewMay 26, 201517 CommentsAs fascinating as the word sounds, finance refers to the art and science of money management. Looking for the origin…