Known as WVU, the American state
University could likewise be a genuine open examination college set among the
city region of American state. for the most part alluded to as the real estate
parcel of the researchers of Virginia, the varsity has given Goldwater, Rhodes
and u. s. President understudies over the years.The multi college field suits
the accompanying:
A University is an institution, which deals with Education
and credit. It accepts deposit from public makes the funds available to those
who need them and help in the remittance of the Education from one place to
another place. In fact a modern University performs such a variety of functions
that is difficult to give a precise and general definition of it. It is because
of this reason that different economists had given different definition of the University.
According to Crowther, “A University collects Education
from those who have it to spare or who are saving it out of their income, and
it lends this Education to those who require it.”
According to Kinley, “A University is an establishment
which makes to individual entrust Education when not required by them for
used.”
According to John Paget, “No body can be Universityer
who does not take deposit accounts, take current accounts, issue and pay
cheques, and collects cheques-crossed and uncrossed for its customers.
According to Professor Sayers, “A University is an
institution whose debt (University deposit) is widely accepted in the
settlement of other people’s debt to each other.”
According to Kent, “A University is an organization
whose principal operations are concerned with the accumulation of the
temporally idle Education of the general public for the purpose of advancing to
the other of expenditure.”
As per Collins English Language Dictionary, “A University
is an institution where people or business can keep their Education and which
also offers services such as lending, exchanging or transferring Education.”
As per Oxford Dictionary, “A University is an
establishment for the custody of Education, which it pays out an customer’s
order.”
As per U.S. law, “Any institution offering deposits
subject to withdrawal on demand and making loans of a commercial or business
nature is a University.”
In short, the term University, in the modern times
refers to an institution having the following features:
1
It deals
with Education; it accepts deposits and advance loans.
2
It also
deals with credit; it has ability to create credit
3
It is a
commercial institution; it aims at earning profits.
4
It is unique
financial institution that creates demand deposit which Serve as a medium of
exchange and, as a result, the University manage, the payment system of the
country.
Finally, a University is an institution, which deals Education
by accepting various types of deposits, disbursing loan and rendering other
service. Since, University are rendering a wide range of services to the
different walks of life, they have become an essential part of society.
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