Publisher's Synopsis
Capitalism or the market economy has always given an inordinate importance to banks in its system. But, never have the system of banking and finance been as important as they are now. Governments no longer seek to influence economies and unemployment situations by direct intervention, but depend on manipulation of bank interests to do the trick. In the underdeveloped parts of the globe, attracting foreign finance and investment is a matter of life and death. And, with the rise in importance of banks, the accounting practices and accountants too have gained prestige. Chartered Accountants too have gained prestige. Chartered Accountancy is now one of the most lucrative careers options. All this goes to show that this dictionary which delineates terms and concepts used in financial operation, banking and accounting is timely. The effect of bank interest rate on investments, double-entry accounting & co are explained sometimes with examples and illustrations. We hope that the dictionary will be appreciated not only by commerce students buy general public as well.
