A bank statement is a document provided by a bank to its customers, detailing all transactions conducted on their account over a specific period. It serves as a record of …
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A balance represents the current state of an account, showcasing available funds, outstanding debts, or pending transactions. Types of Balances 1. Account balance: Current account status. 2. Available balance: Funds …
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An Automated Teller Machine (ATM) is a self-service kiosk that allows users to perform financial transactions, such as withdrawals, deposits, and balance inquiries, using a card and PIN. Types of …
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Credit refers to borrowed funds provided by a lender to a borrower, typically with interest and repayment terms. Credits enable individuals and businesses to access funds for various purposes, such …
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A deposit is a financial transaction that involves adding funds to an account. It is a crucial aspect of banking and finance, enabling individuals and businesses to manage their money …
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Interest is a fee charged or earned on borrowed or invested funds. It is a crucial aspect of personal and business finance, influencing financial decisions and outcomes. Types of Interest …
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An investment is a financial asset or instrument purchased with the expectation of generating income or profits. Investing involves risk but can provide long-term financial growth and security. Types of …
Investment: Growing Wealth Over Time Read More
A loan is a financial agreement where a lender provides borrowed funds to a borrower with the expectation of repayment, typically with interest. Loans cater to various needs, such as …
Loan: Borrowed Funds for Various Purposes Read More
A savings account is a type of bank account designed to help individuals save money while earning interest. Benefits 1. Earn interest: Grow savings over time. 2. Security: insured and …
Savings Account: Secure and Earn Interest Read More
Finance portfolio management involves managing investment portfolios to achieve optimal returns while minimizing risk. Effective portfolio management requires a thorough understanding of financial markets, instruments, and investor goals. *Portfolio Management …
Finance Portfolio Management: A Comprehensive Guide Read More