Question

1)Introduction to banking
2)State Bank of Pakistan
3) Stock Exchange
4) Tax
5)Cheque
6) International Trade
7)Currencies
please explain all these​

Answer 1

Answer:

1. Introduction to banking - A bank is a financial institution which accepts deposits, pays interest on pre-defined rates, clears checks, makes loans, and often acts as an intermediary in financial transactions. It also provides other financial services to its customers.

2. State Bank of Pakistan - The State Bank of Pakistan is the central bank of Pakistan. Its constitution, as originally laid down in the State Bank of Pakistan Order 1948.

3. Stock Exchange - A stock exchange is a marketplace, where financial securities issued by companies are bought and sold.

4. Tax - A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures

5. Cheque - a piece of paper printed by a bank that you sign and use to pay for things

6. International Trade - International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services.

7. Currencies - A currency is a kind of money and medium of exchange. Currency includes paper, cotton, or polymer banknotes and metal coins. States generally have a monopoly on the issuing of currency.

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