Sums of money for which account has to be made are called:

Related MCQs

• Sums of money laid aside and normally invested to provide a regular income on retirement or in compensation for disablement for the remainder of a person’s life is called:
• The accumulation of idle money balances or inactive money is called:
• Money placed in an account at a financial institution and constituting a claim on it is known as
• "Bad money will drive out good money from circulation." This is known as :
• If he Central Bank wants to encourage an increase in the supply of money and decrease in the cost of borrowing money, it should -
• The charge made for the use of borrowed money levied as a percentage of the amount of debt is refered to as:
• An expenditure that has been made and cannot be recovered is called -
• The bank account on which deposits do not earn interest, but can be with drawn by cheque at any time is called:
• The theory of macroeconomics which holds that increases in the money supply are a necessary and sufficient condition for inflation, is called
• The permission given to a bank customer to draw cheques in excess of his current account balance is called -