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Starting October 1, Indian customers using credit, debit, and prepaid cards will be free to switch their card networks between Visa, MasterCard, RuPay, etc., and vice versa, similar to mobile network portability between Vodafone, Jio, and Airtel. The facility, announced in an RBI circular, aims to empower card users to select their preferred network. It challenges the current practice of agreements between issuers and networks predetermining network options. As such, when applying for a card, users had no say in choosing the network provider as the issuer decided it. Authorised card networks in India include American Express Banking Corp., Diners Club International Ltd., MasterCard Asia/Pacific Pte. Ltd., National Payments Corporation of India's RuPay, and Visa Worldwide Pte. Ltd. However, users were not free to choose among them until now.
In classical linear regression model if we add in 90 in X and Y observation and re-estimate the regression model then slope coefficient
A consumer has utility function given by : u{x1,x2} = min {2x1+x2, x1+2x2}. Given income m = 100, prices p1 = 20, p2 = 30, the amount of x1 in...
Consider the following Utility function U(x,y) = 4x+5y. The price of x and y are 5 and 6 respectively. The income of the consumer is 120. Calculate the ...
In the Mundell-Fleming model with a floating exchange rate and perfect capital mobility, what is the effect of an increase in the money supply?
X = 10Y+9 and Y = DX+8 are two regression equations of X on Y and Y on X respectively. Which of the following is true always regarding D
Which theorem intends to show that the change in commodity prices changes the distribution of real incomes between capital and labor?
What is the standard error of regression y on x when the standard deviation of y is 2 and the coefficient of determination is 0.36
R-square is the fraction of
In a Cournot duopoly, if one firm increases its output, how does the other firm typically respond?
Suppose the nominal interest rate is 7 per cent while the money supply is growing at a rate of 5 per cent per year. If the government increases the grow...