A central bank‚ reserve bank‚ or monetary authority is an institution that manages a state’s currency‚ money supply‚ and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank‚ a central bank possesses a monopoly on increasing the amount of money in the nation‚ and usually also prints the national currency‚ which usually serves as the nation’s legal tender.[1][2] Examples include the European Central Bank
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Question: Discuss the implication of business cycles on fiscal and monetary policy. Answer: Business Cycle: Market economies have regular fluctuations in the level of economic activity which we call the business cycle. In other words‚ the business cycle is the periodic but irregular up-and-down movements in economic activity‚ measured by fluctuations in real GDP and other macroeconomic variables. A business cycle is identified as a sequence of four phases: 1. Contraction (A slowdown in the pace
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TITLE PAGE THE POLICY OF PRIVATIZATION AND COMMERCIALIZATION OF PUBLIC ENTERPRISES IN NIGERIA: AN APPRAISAL OF TELECOMMUNICATION OKWOR FESTUS A. PS/2006/123 DEPARTMENT OF POLITICAL SCIENCE‚ CARITAS UNIVERSITY‚ AMORJI-NIKE‚ ENUGU. AUGUST 2010. Approval Page This project is written in partial fulfilment of the requirement for the award of Bachelor of Science (B.Sc) degree and has been approved by the Political Science Department‚ Faculty of Social Sciences‚ Caritas University‚
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Why quality customer service is more important in banking industry? Behaylu W.Deneke Most‚ if not all‚ private commercial banks in Ethiopia use almost the same marketing approaches to attract customers. They develop the traditional banking products and open branches everywhere then promote their branch and Products aggressively on the traditional channel. Before going to the detail let me differentiate between bank product and bank services. The bank products are deposit‚ borrowing or other
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serious challenge to governments in Nigeria. Its effects‚ which include lack and deprivation in the basic necessities of life‚ are worrisome. Apart from inducing lack of certain capabilities‚ such as that of being able to participate with dignity in societal endeavours‚ poverty has earned recognition due to its damaging effects on the affairs of humanity at the local‚ national and international levels. Indeed‚ poverty is a snare. Among the committee of nations‚ Nigeria has been described as poor. Even
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SOCIO-POLITICAL EFFECT OF MILITARY RULE IN NIGERIA In most developing countries‚ there is a disruption of the civil-military equilibrium usually assumed in liberal democracies. In liberal tradition‚ the military is insulated from politics and subject to civilian control. In several developing countries‚ however‚ the military has not only intervened in the political process and overthrown the constitutional civilian authority‚ but it also often has established its supremacy over elected politicians
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THE PROBLEM OF NIGERIA: A CRITICAL EXPOSE OF THE EFFECTS OF 1914 AMALGAMATION ON NIGERIA. INTRODUCTION Chinua Achebe citing an Igbo proverb in his “There was a country” tells us that a man who does not know where the rain started to beat him cannot say where he dried his body. The rain that beat Nigeria began more than a decade ago‚ from the resolutions of the Berlin conference of 1884/1885 to the economic–driven amalgamation of the northern and southern protectorates of Nigeria in 1914 by Lord
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UNIVERSITY OF NIGERIA SCHOOL OF ARTS AND SOCIAL SCIENCES COURSE CODE: ENG 454 COURSE TITLE: MULTI LINGUALISM COURSE GUIDE ENG 454 MULTI LINGUALISM Course Team Dr. Taiwo Abioye (Course Developer/Writer) – Covenant University Prof. Kunle Adeniran (Course Editor) – University of Ibadan Dr. I. Omolara Daniel (Programme Leader) – NOUN Mr. Theodore O. Iyere (Course Coordinator) – NOUN NATIONAL OPEN UNIVERSITY OF NIGERIA ENG 454 National Open University of Nigeria Headquarters
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How The Changing World Will Change The Accounting World The public accounting industry‚ due to rapid changes in the global landscape‚ will grow internationally while remaining flat domestically. This is due to the two major facets of globalization and its effect on the industry. These facets are the globalization of markets and the globalization of production. The globalization of markets is the creation of one world-wide marketplace due to deregulation of international trade. This gives accounting
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macroeconomic conditions prevailing in Nigeria apart from taking into consideration the report given by the CEO-Nigeria operations. With this the report attempts to evaluate the economic viability of the business in Nigeria in a long run. Executive Summary The Nigerian wing of Larson Inc. finds it hard to operate efficiently owing to the changing policies of the local government; the issues related to cash flow‚ expatriate work force‚ unions‚ corruption‚ tax policies‚ red tape and scarcity of local
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