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Take this quiz! What is Petty Cash? What is the IRR? What is the difference between merchant banks and investment banks? Housing Benefit is
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Take this quiz! What is Petty Cash? What is the IRR? What is the difference between merchant banks and investment banks? Housing Benefit is
Finance
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Finance
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Finance
12
Responses
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Created by
paulebrown
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Share This!
1
What is Petty Cash?
A small fund of cash that a firm keeps for the payment of incidental expenses
Any cash held in the office, rather than in the bank
Money which is outside the budget and can be used at managment discretion
2
What is the IRR?
Internal Revenue Return
Internal Rate of Return
Error
3
What is the difference between merchant banks and investment banks?
One is for shops and the other for wealthy individuals
They are the same thing
Investment banks do not deal with the public while merchant banks handle small companies
4
Housing Benefit is
Financial help towards rent and some service charges for private, local authority and housing association tenants
Money set aside for home owners who fall behind
Any financial support for Housing association tenants
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