Disadvantages of Senior Citizen Savings Scheme: In 2004, the Indian government unveiled the Senior Citizen Savings Scheme (SCSS), producing substantial interest the various public, mainly the aged population. While you can already own a fundamental understanding of SCSS, your interest approximately the potential benefits and downsides of this scheme led […]
Category: Financial Terms
What is M-Commerce? Definition and examples
M-commerce stands for mobile commerce. This term refers to the buying and selling of products and services using mobile phones and other wireless handheld devices. For example, a PDA (personal digital assistant) is a portable wireless device. Kevin Duffey coined the term “mobile commerce” in 1997 when he initiated the […]
What are Installments? Definition and examples
In the arena of banking and loans, we name the payments you’re making every month for your financial institution installments. They are the constant month-to-month bills a borrower makes to a lender to pay off a mortgage. We additionally confer with a TV/radio episode as an installment. This article specializes […]
Major currencies definition and examples
The major currencies are the ones wherein maximum of the world’s foreign transactions are denominated. They also are the currencies that countries maximum usually fee their very own forex in opposition to. They are: US Dollar. Pound Sterling (British Pound). Euro. Japanese Yen. Swiss Franc. Canadian Dollar. Australian Dollar. Swedish […]