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The transition from cash to plastic cards has been a rapid one. With the convenience of these cards came the issue of security, rapid technological changes and society s adaptation to these changes. There was also the legal issue which is an area of concern, so it is natural that each country has its own law to protect cardholders. This book tracks the history of cards and its various types, payment models and technology like RFID. This book throws light on the ...
Hyperinflation and deflation are the two extreme cases of inflation. While a certain amount of inflation is good for the economy, extremes are very harmful. Hyperinflation has been defined as an inflationary situation in which prices move up more than 50% per month, while deflation is a situation where the economy slows down as the inflation rate becomes negative. Hyperinflation takes place when too much money is pumped into the economy and prices move spirally, ...
An option is a derivative financial instrument traded in organized exchanges. Option is a contact between a buyer and a seller. Option gives a buyer the right (but not the obligation to buy or sell the contract) while the seller has an obligation to honor the contract. Option markets are growing and investors who are entering this market should be aware of the basic concepts associated with options and its trading. Options are used to hedge the risk. From among ...
The burning of fossil fuels for energy has resulted in erratic weather conditions, known as the greenhouse effect. While the world is yet to find other cheap sources of energy, burning of fossil fuels is inevitable. The fast depletion of fossil fuels is resulting in sky rocketing prices. While man cannot control the weather, he has come out with an innovative way of ensuring that related trades and industries do not get affected if it becomes erratic. This is ...
Social banking may have different meanings around the world, but it always aims at helping the needy and uplifts the poor in society. This implies that banks must lend for a cause rather than for profits. It is “banking for the poor, rather than poor bankingâ€. In developed countries, it is composed mainly of community banks that help the needy members of the same community, but in poor countries it has a much larger significance. In India, social banking had ...