A mechanism of interbank transaction of islamic bank and conventional banks

Q: In a commercial bank, interest rate set for customers are the bank's assets. loans disbursed to…

A: Assets are owned by the bank whereas liabilities are to be paid by the bank. The detailed…

Q: Prepare the Bank Reconciliation Statement

A: Bank Reconciliation statement is prepared in order to reconcile the cash account balance as per the…

Q: prepare a Bank Reconciliation Statement.

A: Bank reconciliation statement is the statement which is prepared at the end of the period in order…

Q: This is the PRIMARY FUNCTION OF COMMERCIAL BANKS  TRUST FUNDS SAFE DEPOSIT BOXES EXTEND CREDIT…

A: 1.Trust Fund is an entity that holds property on behalf of someone 2.Safe Deposit Boxes means…

Q: Which of the following is NOT a business of commercial banking?aSaving/lendingbForeign currency…

A: Commercial bank is a financial body which is responsible for accepting deposits and providing loan.…

Q: What are prudential standards in the context of bank regulation? Detail the requirements of two (2)…

A: Bank regulation is defined as the government regulation type, which used to be subjected to banks…

Q: What is a function of a central bank? A collecting taxes B issuing currency C providing bank…

A: Central banks are important in the economic development of nations and maintaining liquidity and…

Q: What is the purpose of the Manual of Regulations for Banks (MORB)

A: MORB stands for Manual of regulations for banks is nothing but an authoritative codifications of…

Q: Explain how will you analyze Financial Statements of a Bank.

A: Bank financial statement  Although banks' financial statements generally follow a similar format to…

Q: On a bank reconciliation. Deposit in transit is.....?

A: Bank reconciliation is a method of reconciliation of balance in bank book with the total of balance…

Q: Your opinion -Any Two Islamic principles and approaches that you suggest to the Bank. Justify your…

A: The two principles and approaches are discussed in step 2

Q: Why Central banks requires banks to hold that amount of money?  explain ?

A: Banks accept public deposits and lend that amount as loan to individual and companies at a higher…

Q: ethods used by a bank to monitor bank advan

A: A loan from a bank to a third party with the understanding that the loan will be repaid. Almost all…

Q: Why is it important to prepare a bank reconciliation

A: Bank reconciliation is the statement prepared by the entities to check if there are any variations…

Q: Requiring a foreign banks to operate under the same rules as domestic banks is termed?

A: The question is based on regulation of banking operation, under the provision of International…

Q: Explain Riba-al-Quran and justify how this type of Riba exists in today’s banking system.

A: Riba could be a conception in monotheism banking that refers to charged interest. it's additionally…

Q: What is the bank reconciliation statement

A: The cash book is prepared to keep the record of cash balance.

Q: Critically discuss the effect of deposit insurance on bank stability.

A: The deposit insurance is an insurance product that is offered to reduce or eliminate the risk of…

Q: What is the official monetary target of the Bank of Canada?

A: A country's monetary policy is a qualitative and quantitative approach adopted by the country's…

Q: What is bank reconciliation and how do l prepare a bank reconciliation statement

A: Answer is provided as follows:

Q: What is the purpose of preparing a bank reconciliation?

A: Bank reconciliation is prepared to reconcile the company's cash book that is reconciled with its…

Q: Prepare its bank reconciliation using the above information.

A: Solution:-                                 WRIGHT COMPANY…

Q: How is responsible for preparing the bank reconciliation and what is the pur Pose of it:

A: Bank Reconciliation Statement - A statement showing the business activity of the company to…

Q: Which of the following is an appropriate reconciling item to the balance per bank in a bank…

A: Bank reconciliation refers to the method used by the company to match the bank statement as well as…

Q: Prepare a bank reconciliation statement of the given information above.

A: A bank reconciliation statement is the statement in which company matches its cash balance as per…

Q: Explain three different features between Islamic and conventional bank?

A: A bank may be a sort of financial organization that's permitted to simply accept deposits and supply…

Q: What is your preparation in doing bank reconciliation? Can you be able to reconcile bank to book…

A: The answers for the questions on Bank Reconciliation Statement are discussed hereunder : Bank…

Q: Discuss the main reasons for regulating the banking system.

A: Bank regulation is a form of government law that subjects banks to requirements, regulations,…

Q: This refers to a type of financial institution particularly commercial bank that is state-owned by…

A: 1) Public Sector Banks are commercial banks that are owned by the corresponding government I,e…

Q: Write down about the emergence, growth and prospects of Islamic banking

A: Banking system is a cluster of institutions and agencies that provide financial services to the…

Q: Code of conduct of Islamic Banking Short Essay

A: Islamic Banking: Islamic banking is a financial system that operates in line with Islamic…

Q: Islamic bank instruments?

A: Bank Instruments-: Bank Instruments is a familiar expression for several categories of instruments…

Q: Explain the practical aspects of Mudarba in Islamic Banks on Deposit and Investment?

A: Islamic financing is the type of financing that is not governed by the ordinary financing rules and…

Q: Why is there a need for  banking regulations to regulate savings  and  the lending of money by…

A: Banks are one of the most important financial institutions. Banks play an integral role when it…

Q: Which of the following functions of the Commercial Bank's primary functions is influence by the…

A: Solution:- Reserve Requirement Ratio (RRR)  means the minimum amount of deposit a bank has to keep…

Q: Bank reconciliation

A: Bank reconciliation statement is a statement that depositors prepare to find , explain and…

Q: other

A: IMF is a organization which help regards the economic of world stability and proper monitor…

Q: basic concepts of bank reconciliation.

A: Bank Reconciliation: In the banking scenario, the account and mirror account having the opposite…

Q: Identify the reasonsfor U.S. banks to operate in foreign countries and for foreignbanks to operate…

A: A bank is a financial institution which performs the basic function of accepting deposits and…

Q: Entries for Bank Reconciliation

A: These are the accounting transactions that are having a monetary impact on the financial statement…

Currency Market

The currency market, also known as the foreign exchange market, consists of currencies worldwide. This market determines the rate of all currencies based on the buying and selling of forex. It is an over-the-counter market. It is the largest and most liquid market based on trade volume.