Oxford University (OX)

MICRO-FINANCE INSTITUTIONS

INSURANCE COMPANIES

MUTUAL FUNDS

PENSION FUNDS/SCHEMES

NON BANK FINANCIAL INSTITUTIONS

CONCEPT OF CREDIT AND THE CREDIT CREATION PROCESS BY COMMERCIAL BANKS

The banking system summary

Rights are contract-based theories and are the consequences of our actions.Historically, humans have set the guidelines defined by the communities and groups that they belonged to. These guidelines later became rights or the values that keep society fair, just and equal. They protect all of us. Although the definition of rights is debatable, it can be formally defined as anything legal, social, ethically privileged, or entitled to do as a citizen, individual, or human being.John Locke (Pronunc...

When it comes to ethical theories, we view our decision to be good, or just, based on two factors, namely, a. Action, and b. Result When ethics is implied in decisions that determine actions, the ethical approach follows the non-consequentialist theory. This ethical approach focuses on the decision-making process rather than the consequence of the decision or the outcome. Here, the decision-making is taken as a form of obligation or duty. And, the followers of this approach are known as non-...

Ethics comes from the Greek word ethos, which means customs, behaviours or habits. Therefore, ethics simply is the study of what it means to do the right thing. Moreover, it is a major branch of philosophy that deals with having the right behaviour and leading a good life.