Merchant Banks: Definition, Functions & Examples
A merchant bank is a ‘wholesale bank’ which deals in large sums of money and whose main functions are: issuing of shares and dealing in discounting and acceptance of bills.
Posted inEconomics
Inflation: Definition, Types, Causes, Effects & Control of Inflation
Inflation refers to a persistent and sustained rise in the general price level. A general phenomenon during a period of inflation is a continuous fall of the value of money in the economy.
Posted inEconomics
Development Banks: Definition, Functions & Examples
A development bank is a financial institution specifically established to provide long-term capital investment in specific productive areas of the economy such as Industry, Agriculture and Commer.
Posted inEconomics
Capital Market: Definition, Functions & Advantages
The capital market is a financial market for trading in, long-term financial assets. It is a market for long-term loans and investments. It consists of people and organizations who wish to lend out money or to borrow on a long-term basis.
Posted inEconomics
The New International Economic Order (NIEO)
International economic is concerned with the effects upon economic activities from international differences in productive resources and consumer preferences and the international institutions that affect them.