Great question. The simple response is that well-developed‚ smoothly operating financial markets play an important role in contributing to the health and efficiency of an economy. There is a strong positive relationship between financial market development and economic growth. For example‚ in Chapter 1 of their 2001 book‚ Financial Structure and Economic Growth‚ editors Demirgüç-Kunt and Levine concluded: In particular‚ researchers have provided additional findings on the finance-growth nexus
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Class Diagram A class diagram is at the heart of UML. It represents the core purposes of UML because it separates the design elements from the coding of the system. UML was set up as a standardized model to describe an object-oriented programming approach. Since classes are the building block of objects‚ class diagrams are the building blocks of UML. The diagramming components in a class diagram can represent the classes that will actually be programmed‚ the main objects‚ or the interaction between
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The Use of Cooling Curves in the Determination of the Phase Diagram for a Lead-Tin System V.O.L.Tabell Department of Mining‚ Metallurgical and Materials Engineering University of the Philippines‚ Diliman vo_tabell@yahoo.com Abstract This paper discusses the use of the cooling curves in the determination of the phase diagram of a Lead-Tin system. The inflection points of these cooling curves were obtained by melting a series of mixtures of lead and tin at varying compositions. These critical
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and explain a Use-Case diagram for a Library Management System. Introduction: Capturing the dynamic behaviour of a system is one the key aspects to create a model. Dynamic behaviour means the behaviour of the system under operation. Use case diagrams are used in Unified Modeling Language‚ a standard modelling language for the modeling of real-world objects and systems. A use case diagram is to explicitly define the working of a system with in a system boundary. Each system is primarily divided into
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The ’financial system’ is a term used in finance to describe the system that allows money to go between savers and borrowers. The main elements of the system are generally said to be: Financial institutions are organizations that offer financial services. There are three main types of financial institution: Banks (including credit unions‚ building societies etc.)‚ insurance/pension companies‚ and investment funding companies/brokers. Financial markets are what they sound like - the system that
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Technology‚ Vol. 3‚ No. 5‚ October 2012 Investigating Online Shopping System in Iran as a Developing Country B. Zibanezhad‚ M. Makhlughian‚ and A. Salajegheh Abstract—The lack of necessary reliable infrastructures in developing countries has reduced electronic commerce growth and development. Online shopping system analysis and design was evaluated in Iran as a developing country. National banking & delivery systems along with cultural & training challenges were evaluated too. Based on Iran
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CASH FLOWS AND FINANCIAL STATEMENTS AT SUNSET BOARDS Below are the financial statements that you are asked to prepare. 1. The income statement for each year will look like this: | Income statement | | | 2008 | | 2009 | | Sales | $247‚259 | | $301‚392 | | Cost of goods sold | 126‚038 | | 159‚143 | | Selling & administrative | 24‚787 | | 32‚352 | | Depreciation | 35‚581 | | 40‚217 | | EBIT | $60‚853 | | $69‚680 | | Interest | 7‚735 | | 8‚866 | |
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groups in South East Asia and is valued over Rs.300 billion (US$ 5 billion)‚ it ranks amongst the top five business houses of Pakistan. The group has strong presence in three most important business sectors of the region namely Textiles‚ Cement and Financial Services. In addition‚ the Group also has reasonable market share in Insurance (Adamjee and Security General)‚ Power Generation‚ Paper products (Nishat Shoaiba Paper Mills) and Aviation (Phoenix Aviation). Nishat Mills Limited is the flagship company
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Ishikawa diagram From Wikipedia‚ the free encyclopedia Ishikawa diagram Cause and effect diagram for defect XXX.svg One of the Seven Basic Tools of Quality First described by Kaoru Ishikawa Purpose To break down (in successive layers of detail) root causes that potentially contribute to a particular effect Ishikawa diagrams (also called fishbone diagrams‚ or herringbone diagrams ‚ cause-and-effect diagrams‚ or Fishikawa) are causal diagrams that show the causes of a certain event -- created
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Exercise 1 1. Draw an E-R diagram for each of the following situations (if you believe that you need to make additional assumptions‚ clearly state them for each situation): a. A hospital has a large number of registered physicians. Attributes of PHYSICIAN include Physician_ID (the identifier) and Specialty. Patients are admitted to the hospital by physicians. Attributes of PATIENT include Patient__ID (the identifier) and Patient_Name. Any patient who is admitted must have exactly one admitting
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