A Bank Rate is the interest rate at which a nation’s central bank lends money to the domestic banks, whereas a Repo Rate is the short-term rate at which a nation’s central bank repurchases the money from the...

VTSMX and VTSAX are terms related to funds. They are the same funds with only different classes and different expense ratios.

SLR, short for, Statutory Liquidity Ratio, is the ratio of liquid assets to demand and time liabilities. CRR, short for, Cash Reserve Ratio, also know as Reserve Requirement is the minimum ratio that is...

Brokers are the agents who play a role of inter-mediator between a buyer and a seller for carrying out the transactions. On the other hand, dealers are the market makers for the securities.

A cross check is a check that cannot be directly paid to its bearer. It provides an instruction to the paying bank to pay the amount only through a banker. An account payee check is also paid only into the...