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Essay specific features

 

Issue:

Business

 

Written by:

Antonietta S

 

Date added:

October 30, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

27 / 7287

 

Was viewed:

414 times

 

Rating of current essay:

 
Essay content:

The rising expectation in the standard of living causes an increase in demand for loans to buy big ticket items like automobiles and consumer appliances on a hire purchase basis. Another reason was the cartel (subsequently removed) of bank interest rate and to overcome it, banks set up subsidiary finance companies to compete for deposits by offering higher interest rate...
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To safeguard the interest of the depositors, the Act was introduced and came into effect in January 1968. In the 70s, there were 36 finance companies but that number reduced significantly over the years due to several changes in the regulation of the industry. First, is the enactment of the Finance companies Act in 1968...
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