Balance of payments accounting system Definition of Balance of payments accounting system: Each year, countries purchase trillions of dollars goods, services and assets from each other. The balance of payment accounting system is a double-entry bookkeeping system designed to measure and record all economic transactions between residents of one country and […]
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Short note: Foreign exchange related terms
Short note: Foreign exchange related terms Short note: Foreign exchange related terms Quasi Negotiable Instruments are those Instruments that can be transferred by endorsement and delivery but the transferee does not get a better title that of the transferor. Therefore they cannot be classified as negotiable Instruments and hence the Negotiable Instruments act is not applicable to […]
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