Economic Glossary | Trust | Bankers Algo
Email Changed Successfully
Incorrect Password
Your Query Submit Successfully
Please Change Your Password Click Here
Password Changed Successfully
Profile Changed Successfully
Form Submitted Successfully
Username or Password is incorrect
Reset Password Mail Send Successfully.
Email you have entered doesn't exist.
Password Changed. Now Login.
Password Not Reset Please Try Again.
Link Expired Please Try Again
Test completed and result have been mailed to your email Id
You are successfully registerd please check your mail for login credentials.

Not all of us can do great things. But we can do small things with great love.

-by Mother Teresa

Series Funda

Find the next term in the series:

2, 7, 27, 107, 427, ?

Hi Guest User

Economic Glossary

    Trust

One of the most valuable economic assets, hard to create but easy to destory - a crucial ingredient of a country's social capital. People are more likely to do business together when they trust each other. Trust can reduce market failure that otherwise results from asymmetric information. When there is a lack of trust, people may have to spend heavily on monitoring others' behaviour to ensure they do what they say they will do. This cost may be so high that it is not worth going ahead with a business deal. When trust is absent, people may be less flexible in their dealings with each other. Countries can overcome some of the problems of a lack of trust by passing laws requiring good behaviour, but only to the extent that people trust that the laws will be enforced


News Updates

08 Nov

Current News Shots October 29 - 31, 2013:

NGO the Harmony Foundation honored former Miss Universe Sushmita Sen with the Mother Teresa Memorial International Award...

Read more
31 Oct

Current News Shots October 22 - 30, 2013:

New York City Mayor Michael R. Bloomberg has been selected for the inaugural Genesis Prize – an award popularly dubbed...

Read more
View All News

Banker's Algo Daily Dose

Word of the day

Famish(v)

Meaning:

Reduce someone to extreme hunger

Synonyms: abstain, deny oneself, diet, fast

Antonyms: eat, glut, gorge, stuff

Apti Question of The day

Question

What is the sum of positive integers less than 100 which leave a reminder 1 when divided by 3 and leave a remainder 2 when divided by 4?

Read more..

Copyright © 2014 bankersalgo.com

All rights reserved