In 12th century France the courretiers de change were concerned with managing and regulating the debts of agricultural communities on behalf of the banks. Because these men also traded with debts‚ they could be called the first brokers. A common misbelief is that in late 13th centuryBruges commodity traders gathered inside the house of a man called Van der Beurze‚ and in 1309 they became the "Brugse Beurse"‚ institutionalizing what had been‚ until then‚ an informal meeting‚ but actually‚ the family
Premium Stock market Stock Investment
Subprime Crisis in Financial Market Abstract This paper analyzes the reasons of the subprime crisis in mortgage financing occurred in 2007 and the impacts of the crisis on the overall financial system. The subprime crisis in US is caused by excessive amounts of loans made to people who could not afford them‚ and also the investors who were very eager for high return put excessive amounts of money into the mortgage. There are a number of factors in generating crisis‚ such as legislations like
Premium Subprime mortgage crisis Mortgage Subprime lending
INTRODUCTION A bank service helps to distribute resources of a nation from a high concentrated area to a low concentrated area‚ to facilitate national growth and development. But numerous external forces shape the market of bank service (Zeithaml‚ Bitner‚ and Gremler‚ 2009)). The service is affected by economic‚ technological‚ demographic‚ socio-cultural‚ political and legal factors. The level of prosperity‚ changing levels of disposal income‚ inflation rates‚ stock market performance‚ the rate
Premium Bank Banking
Chapter 3 Retailing in Electronic Commerce: Products and Services Learning Objectives Upon completion of this chapter‚ you will be able to: 1. Describe e-tailing and its characteristics. 2. Define and describe the primary business models of electronic retailing ("e-tailing"). 3. Describe how online travel and tourism services operate and their industry impact. 4. Discuss the online employment market‚ including its participants‚ benefits‚ and limitations. 5. Describe online real estate
Premium Electronic commerce Online shopping
PART III EXAMINATION QUESTIONS CHAPTER 1: AN OVERVIEW OF LOGISTICS Multiple Choice Questions 1. Logistics clearly contributes to ___________ and ___________ utility. a. time; place b. form; time c. place; form d. possession; time e. none of the above (a; p. 3) 2. ___________ utility refers to the value or usefulness that comes from a customer being able to take possession of a product. a. Time b. Place c. Form d. Possession (d; p. 3) 3. ___________ utility refers to having products available
Premium Logistics
Case 18: Cardinal Health‚ Inc. (A) By Mary B. Teagarden As printed in Strategic Management: Formulation‚ Implementation‚ and Control By John A. Pearce II and Richard B. Robinson February 24‚ 2012 Since its inception in the early 1970s‚ Cardinal Health has grown into one of the leading health care service providers in the world. A Fortune 500 company‚ Cardinal began as a food distributor‚ and then transformed itself under the leadership of Robert Walter into the foremost distributor of
Premium Health care Strategic management Customer
Relationship between financial distress and phase of the business cycle Every time a financial crisis breaks there are many interpretations from economists about the reasons of it and how it is affects output. Is there a relationship between a financial distress and real output? This approach is interesting because allows the compare of impacts of financial variables and financial incidents such as banking crises‚ stock markets crashes‚ money supply‚ interest rates and credit spreads on output
Premium Monetary policy Economics Macroeconomics
Abstract As we know‚ 2014 is the year of “Visit Malaysia” for our country. “Visit Malaysia” is the nation biggest and grandest tourism celebration with Malaysia Truly Asia’s endless wonders of event‚ festivals and activities all-year round. Visit Malaysia Year (VMY) was first launched in 1990 with theme “Fascinating Malaysia‚ Year of Festival”. The campaign was a huge success with Malaysia charting 7.4 million in tourist arrivals compared to 4.8 million in 1989. To enable tourist recognize Malaysia
Premium Hotel Tourism Information technology
environment. The rapid growth of the European and Japanese banks in international financial markets proved hugely detrimental to the market position of American banks and its earnings. To top that‚ high inflation picked up in the 1970s leading to the disintermediation crisis. Monetarists incorrectly recognised the situation as demand-pull inflation where there was excessive money in the hands of the public and thus adopted tight monetary policy. In reality though‚ contrary to the conventional wisdom of the
Premium Bank Finance Great Depression
buyers. Intermediaries of all kinds offer their services on the Web. Answer: True False 7. Individuals are the largest consumers‚ accounting for more than 85 percent of EC volume and value activities. Answer: True False 8. Disintermediation is the elimination of intermediaries between sellers and buyers. Answer: True False 9. Travelers using airline Web sites to book their flights directly‚ without the use of travel agents‚ is resulting in the reintermediation of travel
Premium World Wide Web