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What is a major difference between the World Trade Organization (WTO) and the World Bank?
Answer this question… The World Bank works to help developing countries, while the WTO promotes global trade more generally.
What is the difference between convertible and nonconvertible currency?
Convertible money refers to that money which is linked to gold or any other precious metal .and can be exchanged any time by central bank whereas incontrovertible money refers to that which cannot be converted into gold by central bank.
What is difference between inward LC and outward LC?
An outward LC is opened on behalf of a customer who wishes to import or buy goods. An Inward LC is opened by a foreign bank in favor of the exporter.
What is the difference between performance bond and bank guarantee in International Trade?
If the bank issues a guarantee, the contractual arrangement between the parties is trilateral, whereby the bank undertakes a secondary obligation to guarantee that B will perform its contractual obligations to A. Therefore, any defences available to B are also available to the bank, and A must prove that B has invalidly failed to perform its contractual obligations. In such a case, depending on the nature of the guarantee, A can have recourse against the bank: (a) in damages, for a breach of the bank's obligation to ensure B's performance; or (b) requiring it to step into B's shoes and pay the amount owed by B on the satisfaction of any notice or demand requirements contained in the guarantee. To the contrary, when the bank issues a performance bond, there are two independent bilateral arrangements in place: one between A and B, and the other between A and the bank. By virtue of the performance bond, the bank is obliged to pay A the secured amount if certain notice/demand conditions are satisfied, irrespective of whether any payment is due from B to A under the primary contractual arrangement. Therefore, whether a given transaction involves a guarantee or a performance bond depends on the relative bargaining strengths of the parties, and the difference assumes great significance in cases where there is a dispute between A and B as to the existence of the primary payment obligation. It was one such case which was recently considered by the English High Court in Wuhan Guoyu v Emporiki Bank of Greece [2012] EWHC 1715 (Comm).
What is the difference between federal funds rate and the discount rate?
The Federal Funds rate abbriviated as Fed Funds is the overnight loan rate between banks. The Discount Window is the Federal Reseve Bank of New York's overnight interst rate charged to banks from the Federal Reserve, called the discount window rate.
What is the difference between credit cooperative bank and cooperative society?
A credit cooperative bank is a financial institution that provides banking services, such as savings and loans, primarily to its members, who usually share a common bond, such as living in the same area or working for the same employer. In contrast, a cooperative society is a broader organization formed to meet the common economic, social, or cultural needs of its members, which can include various types of activities beyond financial services, such as agriculture, retail, or housing. While both operate on cooperative principles, the key difference lies in their primary functions and services offered.
What is the difference between a bank and building society?
http://www.bsa.org.uk/difference_bank_bs.htm
Is cooperative society and cooperative bank are same?
Co-operative Society and Co-operative Bank are different in nature. Co-operative Bank example District Co-operative Bank, Primary Agricultural Co-operative Bank, Urban Co-operative Bank with which we can able to financial transaction such as SB Account, Current Account & Terem Deposit Co-opeartive Society is specific in nature such as Co-operative Housing Society etc.
Is Grameen Bank a Cooperative?
Is Grameen Bank a cooperative? Why or Why not?
What is the difference between a bank loan and a bank credit?
What is the difference between bank loan and bank credit?
What is the difference between private bank and cooperative bank?
private banks are the banks for wealthy people, the private banker invest the client's money in the stock marketor others investments, takes care of tax issues
What is Mechanics Cooperative Bank's motto?
Mechanics Cooperative Bank's motto is 'Your Life. Your Neighborhood. Your Bank.'.
When was Taiwan Cooperative Bank created?
Taiwan Cooperative Bank was created in 1944.
What is Taiwan Cooperative Bank's population?
Taiwan Cooperative Bank's population is 2,007.
What is Cooperative Bank of Kenya's population?
Cooperative Bank of Kenya's population is 2,009.
What is the population of Cooperative Bank of Kenya?
The population of Cooperative Bank of Kenya is 2,450.
When was Cooperative Bank of Kenya created?
Cooperative Bank of Kenya was created in 1965.
