Notes and Study material for Exams
Calculation Of Interest On/in Savings account, fixed deposit account and recurring deposit account Saving account Interest rate calculation Formula Daily interest = Amount (Daily balance) * Interest (3.5/100) / days in the year. Earlier method of interest rate calculation Earlier, banks would pay interest at the rate of 3.5% p.a. on the lowest available balance … Read more
Fixed Exchange Rate Here is a list of subtopics without any description for Fixed Exchange Rate: Fixed exchange rate system Bretton Woods System Gold standard Managed float Crawling peg Dollarization Currency board Target zone A fixed exchange rate system is a monetary system where a country’s currency is pegged to the currency of another country … Read more
Written and Unwritten Constitution A constitution is a set of fundamental principles or established precedents according to which a state or other organization is acknowledged to be governed. The word “constitution” originates from the Latin word “constitutio,” which means “to establish.” A constitution can be either written or unwritten. A written constitution is a document … Read more