a blog by Rajesh

An analysis of total satisfaction a consumer gets while consuming Samosas ( indian snack ). A consumer gets a diminishing satisfaction after every Samosa that he consumes. Over the few samosa consumption, his satisfaction level may be zero or negative. Following graph illustrates the scientific method of look at the addition and total satisfaction of a consumer : Marginal Utility is the additional satisfaction. Total Utility is the Overall Satisfaction. The Graph above depicts that when the quantity of the consumption increases the additional satisfaction ( Marginal Utility ) decreases. Overall Satisfaction ( Total Utility ) increase for a few consumption and starts decreasing. Finally the microeconomics principle - Law of diminishing marginal utility : The law of diminishing marginal utility  is a  law  of economics stating that as a person increases consumption of a product while keeping consumption of other products constant, there is a decline in the  marginal u

The terms  nostro  and  vostro  are used, mainly by banks, when one bank keeps money at another bank. Both banks need to keep records of how much money is being kept by one bank on behalf of the other. In order to distinguish between the two sets of records of the same balance and set of transactions, banks refer to the accounts as  nostro  and  vostro . Speaking from the point of view of the bank whose money is being held at another bank: A  nostro  is our account of  our  money, held by the  other bank A  vostro  is our account of  other bank  money, held by  us A  vostro  account is the same as any other bank account. It is a record of money held by a bank or owed to a bank by a third party (an individual, company or bank). The  nostro  account is a way of the bank whose money it is, keeping track of how much is being held by the other bank. It is similar to an individual keeping a detailed record of every payment in and out of his or her bank account so that she/he knows

Cross border money transfer - Correspondent Banking http://www.bis.org/cpmi/publ/d147.pdf