CHAPTER 2 SUMMARIZED NOTES A) THE EVOLUTION OF INTERNATIONAL MONETARY SYSTEM 1) THE CLASSICAL GOLD STANDARD ERA (1870-1914) Characteristics: All currencies are valued in terms of their gold equivalent and thus all currencies are linked together. Eg: 1 ounce of gold = $20.67 1 ounce of gold = £4.25 so 1£ = (20.67 /4.25) = $4.87 Money has a value fixed in terms of commodity gold. Since gold is costly to produce‚ governments could not easily increase their
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Advantages and Disadvantages of Solar Energy In today’s world‚ pp seem worried about alternative energy demands in the future when we run out of oil.In addition the oil prices seem to fluctuate everyday due to world’s circumtances.Therefore‚scientists are searching for another energy that is more economical and solar energy is an answer.It’s a inexpensive‚renewable and pollution free and eco-friendly to solar energy‚ but pp can’t deny the initial costly price‚ unavailable at night and influence of
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GETTING CREATIVE WITH SERVICES ADVICE The Many Advantages Of Hypnotherapy Hypnotherapy in places like London and in any part of the globe makes the life of the patient more peaceful and more comfortable. Hypnotherapy has amazing benefits for all. Are you wanting to know more about this service? If your answer is yes‚ read through the rest of the article. The process known as hypnosis is a mechanism hypnotherapists in areas such as London use to understand the mind of patients and how they are being
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Natural resources are the building blocks on which modern society depends. Knowledge of their physical nature and origins‚ and the web they weave between all aspects of human society and the physical earth can lay the foundation for a sustainable society. We agree with the above statement because natural resources are important‚ as human beings would not exist without them. We use natural resources in everything we do. Therefore we should use our resources with minimal wastage and even ensure
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managing such a dilemma‚ it is more appropriate to create a culture where there is a balance of having the privilege to work from home and attend compulsory meetings‚ rather than brushing off the potential to utilise sophisticated gadgets to our advantage. When people work from home‚ they effectively eliminate travel time. This increases productivity and reduces the loss precious of man-hours in having to put up with congestion. Exponential rise in global population as well as an increased rate
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1 HSC PHYSICS > MOTORS AND GENERATORS| AC & DC Gather secondary information to discuss the advantages and disadvantages of AC and DC generators and relate these to their use. AC generators Advantages The slip rings of an AC generator have a continuous surface that allows the brushes to remain in contact with the ring’s surface. Thus the brushes in an AC generator do not wear out as fast as in a DC generator as they do not create an electric short circuit every half-turn. Therefore
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other hand‚ the victims are targets for hackers who steal private information across the online network. For example‚ fake websites to sell products to steal the MasterCard information. None the less‚ some users have anti-varies to protect their systems. Also‚ many people wise their time in the chat while they have spoken about no things. In my opinion‚ the internet is very important for me. By my side‚ I always study by watching lessons and reading from the internet. Also‚ I improve my skills
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Everybody in the world always think smoking should be banned completely because of the harmful health but they do not realize the benefit we can get from it . In my opinion ‚ smoking should be banned but not completely and i will give some support ideas about that First of all ‚let me point out the positive side of the smoking . As everybody knows‚ smoking undoubtedly help people to relax .People usually smoke before an exam ‚ during working or when they hanging out with their friend .Secondly
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Today is really difficult to limit the entertainments ways. With the new technology our life is getting easier than it was because of that what we think and see. However in the reality it is not what we think. The life is getting more complicated with the speed of the improvement of the technology. Proofing my speech by talking about children as an example in how they were before enjoying their free time in the past and how they are now. We can observe that in the past the ways of entertainment are
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Turnitin has some very serious limitations to its ability to fully detect plagiarism. For one thing‚ Turnitin can only detect the most blatantly copied text. It cannot detect cleverly paraphrased passages‚ or copied text that has been vastly altered by the student’s use of a thesaurus. It is also ineffective for detecting works that have been written by another student‚ person or a “ghost writer‚” unless more than one student submits the paper. Turnitin cannot distinguish between text that has been
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