Here is an essay on a ‘Financial System’ for class 11 and 12. Find paragraphs, long and short essays on ‘Financial System’ especially written for school and college students. Essay # 1. Introduction to Financial System: A financial system enables the transfer of purchasing power within an economy. The cost and efficiency with which they function distinguish developed financial markets [...]
List of financial instruments: 1. Equity 2. Fixed Income Securities 3. Derivative Securities 4. Structured Finance Securities 5. Participating Notes. 1. Equity: Though equity shares are usually associated with voting rights, some may have no voting rights. Others may have more than one vote per share—shares with differential voting rights (DVRs). American Depository Receipts (ADRs), Global Depository Receipts (GDRs) and Indian [...]
The Indian foreign exchange market is predominantly transaction based, and corporate purchases and sales of foreign currency are based on an underlying position. An underlying position is the need to buy foreign exchange to meet an overseas commitment, or the need to sell foreign exchange because of receipts of foreign currency. All foreign exchange transactions of Government of India are [...]