HSC Finance, Banking, and Bima 2nd Paper 10th Chapter Note Fundamental Concept of Insurance. Insurance is an economic institution that allows the transfer of financial risk from an individual to a pooled group of risks by means of a two‐party contract. Insurance markets can exist because of the law of large numbers, which states that, for … Read more
Last Updated: March 22, 2026 at 8:31 pm
HSC Finance, Banking, and Bima 2nd Paper 9th Chapter Note Electronic & Modern Banking. Electronic banking as a set of different ways of performing financial transactions using information and telecommunication technology provides the benefits of temporal and spatial limitlessness, the speed of transactions, low prices and a wide range of banking products and services. On the … Read more
Last Updated: March 22, 2026 at 8:31 pm
HSC Finance, Banking, and Bima Note. Finance is the practice of funds management or the allocation of assets and liabilities over time under conditions of certainty and uncertainty. A key point in finance is the time value of money, which states that a unit of currency today is worth more than the same unit of currency … Read more
Last Updated: March 22, 2026 at 8:30 pm
HSC Finance, Banking, and Bima 2nd Paper 8th Chapter Note Foreign Exchange & Foreign Currency. It’s simple to exchange currency online with Travelex! And the best part is that when you order online with us, you’ll lock in our very best rates. Whether you’re looking to exchange your dollars to euros or one of our many other currencies, … Read more
Last Updated: March 22, 2026 at 8:31 pm
HSC Finance, Banking, and Bima 2nd Paper 7th Chapter Note Sources & uses of Bank Funds. This paper analyses the sources and uses of funds of a financial intermediary: banks. A bank’s sources and uses of funds are embodied in its statement of financial position. The sources of funds are primarily deposits, borrowed capital, and shareholders’ funds … Read more
Last Updated: March 22, 2026 at 8:31 pm
HSC Finance, Banking, and Bima 2nd Paper 6th Chapter Note Cheque, Bill of Exchange & Promissory Note. A negotiable instrument is a commercial docomeent in writing, that contains an order for payment of money either on demand or after a certain time. These are of three types, namely, bills of exchange, promissory note and cheques. There are … Read more
Last Updated: March 22, 2026 at 8:31 pm
HSC Finance, Banking, and Bima 2nd Paper 5th Chapter Note Negotiable Instrument. A negotiable instrument is a docomeent guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer usually named on the docomeent. More specifically, it is a docomeent contemplated by or consisting of a contract, which promises … Read more
Last Updated: March 22, 2026 at 8:31 pm
HSC Finance, Banking, and Bima 2nd Paper 4th Chapter Note Bank Account. A commercial bank is an institution that provides services such as accepting deposits, providing business loans, and offering basic investment products. A commercial bank can also refer to a bank, or a division of a large bank, which more specifically deals with deposit and loan … Read more
Last Updated: March 22, 2026 at 8:31 pm
HSC Finance, Banking, and Bima 2nd Paper 2nd Chapter Note Central Bank. A central bank, reserve bank, or monetary authority is an institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a … Read more
Last Updated: March 22, 2026 at 8:30 pm