What do Mean by Bank Mandate?

A document given by the customer of a bank to a bank, requesting that the bank should open an account in the customer’s name and others order for payment drawn on the account.

General Knowledge and Intelligence of Banking and Money: What does it refers to banker’s acceptance?

A time draft that promises to pay a certain sum and has been accepted by a bank.

General Knowledge and Intelligence of Banking and Money: What do mean by bank deposit?

A sum of money placed by a customer with a bank.

General Knowledge and Intelligence of Banking and Money: What do mean by Back Door?

One of the method by which the central bank injects cash into the money market.

General Knowledge and Intelligence of Banking and Money: What does it refers to Euro note?

A form of Euro commercial paper consisting of short term negotiable bearer notes.

General Knowledge and Intelligence of Banking and Money: What does it refers to Euro market?

A market that emerged in the 1950s for financing international trade.