MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Financial Statements of NPO

Define or Exp...

Question

Define or Explain the following concepts.
Clearing House System.

Open in App

Solution

A clearing house system is a system that facilitates exchange or clearance of payments, securities, or derivatives transaction between two clearing firms who are also known as member firms in order to reduce the risk of a member firm failing to honor its trade settlement obligations.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Define or Explain the following concepts.

1. Prof. Samuelson's definition of Central Bank
2. Open Market Operation
3. Bank Rate
4. Moral suasion
5. Cash Reserve Ratio
6. Clearing House System
7. Central Bank as Bank of Issue

Q. Define or explain the following concepts:

1. Entrepreneur

2. Variable capital

3. Labour

4. Land

5. Capital

Q. Define or explain the following concepts:

1) Final goods
2) National income
3) Personal income
4) Depreciation

Q. Define or explain the following concepts:

1. Possession utility

2. Knowledge utility

3. Total utility

4. Marginal utility

Q. Define or explain the following concepts:

1. Market

2. Price discrimination

3. Monopolistic Competition

4. Selling cost

5. Equilibrium price

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Financial Statements of NPO

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Financial Statements of NPO

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon