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Working in groups is often presented as a good way of dividing work and increasing productivity. It can also be argued that it allows for…

Financial repression is a term that describes measures by which governments channel funds from the private sector to themselves as a form of debt reduction.…

Letter of Allotment It refers to a letter that intimates the share applicants the fact that they have been allotted shares. It is a letter…

Definition of Journal – The journal is the regular book to maintain daily transactions which are recorded for the first time when the transaction occurs.…

The transfer of ownership, property, or business from the government to the private sector is termed privatization. It can mean different things including moving something…

A building society is a financial institution owned by its members as a mutual organization. It is a financial organization that pays interest on investments…

Milos or Melos (/ˈmɛlɒs, -oʊs, ˈmiːlɒs, -loʊs/; Modern Greek: Μήλος (ˈmilos); Ancient Greek: Μῆλος Melos) is one of the volcanic Greek islands, sitting at the…

Fiat money is a currency established as money, often by government regulation, but that has no intrinsic value. It is inconvertible paper money made legal…

Monetary reform is any movement or theory that proposes a system of supplying money and financing the economy that is different from the current system. It is…

A cryptocurrency is a form of payment that can be exchanged online for goods and services. It is a digital currency in which encryption techniques…

Unadjusted Trial Balance – An unadjusted trial balance is what we get when we calculate account balances for each individual account in our books over…

“Psychometrics” is a field of study that deals specifically with psychological measurement. This measurement is done through testing. There are various types of psychometric tests,…