warranties are not compulsory‚ they are the voluntary promise made by the person or business who sold the consumer the goods or services. Once the consumer buys the product or service‚ the promise becomes a right that can be enforced under the Australian Consumer Law. The warranty can be expressed via different ways‚ it can be presented verbally or in writing. These extra promises are about the quality or standard of the goods or services‚ it may refers to: the functions and the durability of the
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The Australian Exchange Rate By: Dontae Smith Introduction: What factors affect the demand and supply of Australian dollars in the foreign exchange markets? Distinguish between the possible causes and effects of currency depreciation and a currency appreciation on the Australian economy. What forces have come into play‚ if any‚ in the past four months that have affected the value of the Australian dollar? Exchange Rate: "The rate at which one unit of domestic currency is exchanged for a given
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Finance: Problem Set 1 Question 1. An ANZ Bank currency trader working out of Wellington New Zealand wonders if she can make an intermarket arbitrage profit using Solomon Islands dollars (SBD) and Singapore dollars (SGD). If she has 10 million New Zealand dollars to work with and gathers the following quotes‚ calculate if she can make a profit (show your workings): National Australia Bank quotes NZD/SBD 5.7796 – 5.8241 Citibank quotes NZD/SGD 1.0148 – 1.0156 Commonwealth Bank quotes SGD/SBD
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Multinational Management of Working Capital MNCs tie up funds when investing in their working capital‚ which includes short term assets such as inventory‚ accounts receivable‚ and cash. They attempt working capital management by maintaining sufficient short-term assets to support their operations. Yet‚ they do not want to invest excessively in short-term assets because these funds might be put to better use. The management of working capital is more complex for MNCs that have foreign subsidiaries
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Reference Lindsey‚ L.‚ Beach‚ S. & Ravelli‚ B. (2010). Core Concepts in Sociology. 2nd ICE Edition. Toronto:Prentice Hall CHAPTER 4: SOCIALIZATION AND THE FAMILY (File 1: SOCIALIZATION OVER THE LIFE COURSE) THEMES: NATURE Vs NURTURE DEBATE THE COMPONENTS OF SELF THE DEVELOPMENT OF SELF THE LIFE COURSE THE AGING PROCESS SOCIOLOGY OF DYING Note: See File 4.2 for Agents of Socialization and The Role
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is the process of trading out of the U.S. dollar into a second currency‚ then trading it for a third currency‚ which is in turn traded for U.S. dollars. The purpose is to earn an arbitrage profit via trading from the second to the third currency when the direct exchange rate between the two is not in alignment with the cross-exchange rate. The main conditions that will give rise to a triangular arbitrage opportunity is when some banks trades non-dollar currencies pricing them at a narrower bid-ask
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average rate of 3.5% and has not experienced an economic downturn since 1990/91. This success is largely due to the significant microeconomic reforms in the 1980’s as well as the resources boom and high levels of consumer confidence have left the Australian economy in a strong position. Levels of economic following the prolonged period of growth in 2007/08 were at 3.8%‚ levels of growth‚ this fell to 1.6% during the 2008/09 financial year as a result of the Global financial crisis and the subsequent
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Looking at the broad areas of work that interest you is an important first step when planning your career or thinking of making changes to it. Take these interests into account when considering jobs‚ study or leisure activities. If you are able to find an environment that suits your interests‚ you are likely to be happier in what you do. Complete the worksheet below and print it out to help you plan your career. 1. Here’s a list of some different career interest areas. Read each description
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EUR USD EUR The synthetic ask is the highest product: / EUR /USD / EUR Synthetic StJPY StJPY StUSD ‚ ask ‚ ask ‚ ask 104.40 1.3007 135.7931 Question 2 A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: CHF/USD = 1.5960 – 70 AUD/USD = 1.7225 – 35 A Swiss firm asks the bank for a CHF/AUD quote. What cross-rate would the bank quote? In obtaining this quotation‚ we keep in mind that CHF/AUD = CHF/USD ÷ AUD/USD‚ and that the price
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1.0 Background of the company Telstra Corporation Limited is a telecommunications and media company‚ which is a leading provider of mobile phones‚ mobile devices‚ home phones‚ broadband internet and operating telecommunications networks in Australia. Telstra’s goal is to be one of the most admire‚ respected and trusted telecommunication companies in the world with their four strategic priorities of improving customer satisfaction‚ retaining and growing our customer numbers‚ simplifying the business
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