Three Elements of Interest: Payment for risk involved in making the loan, Payment for trouble involved, Payment for use of Money. Keyenes’ Liquidity Preference Theory of Rate of Interest According to Keynes, the rate of Interest is purely determined by supply and demand of money. This theory is known as Liquidity preference theory. According to… Continue reading Mod A Ch 4: Theories of Interest
Money: Money is anything that performs the following four functions: 1.1 Medium of Exchange: Individual goods and services can be exchanged using money. 1.2 Measure of Value: Money is used to record value of goods and services. 1.3 Store of Value over time: Money can be held over and used to finance future payments. 1.4 Standard for… Continue reading Mod A- Ch 3: Money Supply and Inflation
1. Demand Schedule/Demand Curve The relationship that exists between price and quantity bought is called demand schedule. When Price increases demand for a commodity decreases and vice-versa. The graphical representation of demand schedule is called Demand Curve. 1.1 Law of Downward sloping: When Price is High, demand is less (keeping other things as constant) and… Continue reading Mod A- Ch 2: Supply and Demand
The chapter 1 deals with the basic economics study, its introduction, Micro and Macro Economics, Types of Economics and finally Market, Command and Mixed Economics. Various Definitions of Economics Broadly, there are three definitions of Economics-one by Adam Smith, one by Marshal and one by Robbins. 1.1 Definition by Adam Smith (The Father of Modern Economics):–… Continue reading Mod A- Ch 1: Fundamentals of Economics
The syllabus of Advanced Bank Management; the first of the three papers in the exam of CAIIB, the syllabus is divided into four Modules namely: Module A: Economic Analysis Module B: Business Mathematics Module C: Human Resource Management (HRM) Module D: Credit Management As per the book, the longest Module is Module A having 11 chapters whereas the other modules… Continue reading Introduction
I think the last time I wrote the post on JAIIB/CAIIB exam was on April 2015; which was 2 years ago. I wrote my JAIIB Exam in Nov/Dec 2014 but due to some personal reasons I did not fill the form for CAIIB and it got delayed for long and now after a gap of… Continue reading CAIIB 2017
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