Bank of Nigeria (CBN) takes a number of monetary policy decisions‚ including a change in the level of money supply (M2)‚ the Minimum Rediscount Rate (MRR)‚ or a change in the exchange rate. The central bank defines money supply in two ways: narrow and broad money. Narrow money (M1) is defined to include currency in circulation plus current account deposits with commercial banks. Broad money measures the total volume of money supply in the economy and is defined as narrow money plus savings and time
Premium Monetary policy Fractional-reserve banking Central bank
Topic: The effects on China’s economy due to fluctuation of exchange rate. 1. Introduction China’s economy is huge and expanding rapidly. In the last 30 years‚ the rate of Chinese economic growth has been almost miraculous‚ averaging 8 percent growth in Gross Domestic Product (GDP) per annum. The economy has grown more than 10 times during that period‚ with Chinese GDP reaching 3.42 trillion US dollars in 2007. China already has the biggest economy after the United States and most analysts
Premium United States dollar Exchange rate Economics
Monetery and Fiscal Policies to Benefit the Economy? Our governments roll in the American economy extends far beyond its activities as a regulator of specific industries. The government also manages the overall pace of economic activity‚ seeking to maintain high levels of employment and stable prices. The government has two main tools for achieving these objectives: fiscal policies‚ through which it determines the appropriate level of taxes and spending; and monetary policies‚ through which it manages
Free Monetary policy Federal Reserve System Central bank
Economies Traditional Economy‚ Command Economy & Market Economy Traditional Economy Definition A traditional economy is an economic system where customs‚ traditions and beliefs determine the goods and services created by the society. It is dependent on agriculture‚ hunting and gathering‚ fishing or any combination of the above. Also called a subsistence economy‚ it may involve use of barter trade instead of currency. Characteristics Traditional economies are often based on one
Premium Market economy Capitalism Planned economy
India’s population will be larger than all the more developed countries combined! (eg. Australia‚ the US‚ Japan‚ countries of Europe‚ etc) That is a vast amount of people to be accountable for‚ which may one of the reasons that India is considered a developing country - that is‚ a country with a low gross domestic product (GDP)‚ little access to technology and poor industry and limited trade arrangements. India’s GDP is $3‚900 per capita as of 2012. Other than the lack of population control‚ other reasons
Premium Poverty Demography Population
Throughout history there have been many significant events and people. These events and people were the foundation for the development of a nation. The obstacles that were faced by those that settled and developed America were not only on unknown soil but were centered on the unknown in general. During the 17th‚ 18th‚ and 19th centuries there were people and events which I believe influenced history and were turning points in the development of a great nation. A significant point in history which
Premium United States American Civil War Articles of Confederation
Introduction The director of online services development team for Thorsen Bank‚ Sonnja Huot was tasked to develop a free and downloadable mobile app of ThorsenCents‚ which is a personal finance analytics tools developed by the bank. Given the resources can be only used to build for one mobile platform first‚ she was considering between Android and iOS. The analysis below is focused on the decision‚ the reason and also the application for the particular platform. The Decision Giving the short
Premium App Store
[pic] THE NETWORK ECONOMY The Network Economy The history of economics of the Industrial Revolution since its beginnings is based on growth. Growth of people meant more customers and growth of production‚ which lead to growth in profits. This so-called “old” or traditional economy was based on bulk production‚ demanding large quantity of resources and limited know-how. The traditional economy‚ according to Alfred Marshall was based on diminishing returns. According to him producers
Premium Supply and demand Economy Microeconomics
Effects of Taxes on the Economy Donna Ralston ECO 100 Survey of Contemporary Economic Issues Instructor: Frank Huber July 14‚ 2014 What happens to the economy when the government raises or lowers taxes? Lots of people in America do not understand exactly what happens to the economy when the government raises or lowers taxes. In this paper I am going to address that question as well as a few other things such as: Describing the effect on net personal income when the government
Premium Gross domestic product Economics Economy of the United States
Blind Peer Reviewed International Research Journal Publisher: Global Journals Inc. (USA) Online ISSN: 2249-4588 & Print ISSN: 0975-5853 Effect of Dividend Policy on Share Holder’s Wealth: “A Study of Sugar Industry in Pakistan” By Mohammad Salman Sarwar University of Gujrat‚ Pakistan Abstract - The present paper focuses on the impact of dividend policy on shareholder’s wealth in sugar industries of Pakistan. For this study we have selected the sample of 33 listed companies of sugar industry
Premium Dividend Stock Stock market