strategic alliance with Star Alliance‚ which serves a global airline network. Star Alliance was established in 1997 with Lufthansa being one of its core founding members. Despite industry ups and downs related to international travel through the early 1980’s with the Iraq war‚ and then the frightening threat of terrorism post September 11‚ 2001‚ Lufthansa remained optimistic as did the rest of the airline industry‚ and responded to globalization
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The monetary authority in most countries is called the Central Bank. A central bank does not deal directly with the public like commercial banks such as NCB; it is rather a bank for banks. In Jamaica the central banking function is carried out by the Bank of Jamaica (BOJ). This institution is located in the city of Kingston. The Bank of Jamaica plays a fundamental role in the Jamaican economy. According to the Bank of Jamaica website‚ this institution was established in recognition of the need
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Question and answers for homework-1 1. What is the difference between a financial asset and a tangible asset? A tangible asset is one whose value depends upon certain physical properties‚ e.g. land‚ capital equipment and machines. A financial asset‚ which is an intangible asset‚ represents a legal claim to some future benefits or cash flows. The value of a financial asset is not related to the physical form in which the claim is recorded. 2. What is the difference between the claim
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The Central Secretariat system in India is based on two principles: (1) The task of policy formulation needs to be separated from policy implementation. (2) Maintaining Cadre of Officers operating on the tenure system is a prerequisite to the working of the Secretariat system. The Central Secretariat is a policy making body of the government and is not‚ to undertake work of execution‚ unless necessitated by the lack of official agencies to perform certain tasks. The Central Secretariat normally
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Bangladesh Bank is the Central bank of Bangladesh. It is the monetary authority of the country. It came into existence under the Bangladesh Bank Order 1972 (Presidential Order No. 127 of 1972) which took effect on 16 December 1971. Through this order‚ the entire operation of the former State Bank of Pakistan in the eastern wing was transferred to Bangladesh Bank. Bangladesh Bank has 9 branch offices‚ two in Dhaka city (Sadarghat and Motijheel)‚ and one each in Chittagong‚ Khulna‚ Rajshahi‚ Sylhet
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2.a Explain how economic systems attempt to allocate and make effective use of resources. We have 3 types of economy system: - Market economy - Command economy - Mixed economy * Market economy: based on private companies‚ a lot of decisions based on market mechanism. In nature‚ market economy is decentralized‚ flexible‚ practice and can be change. Supply‚ demand and solvency influence on deciding ( còn thiếu) * Command economy: * Mixed economy:
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INTERACTION OF FISCAL AND MONETARY POLICY IN INDIA Introduction: Before understanding how the fiscal policy and monetary policy operate in coordination with each other‚ let us first understand the objective behind the formulation of these policies in brief. Monetary Policy: Monetary policy is the process by which monetary authority of a country‚ generally a central bank controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability
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I n the 1930’s the farming was a big boom‚ but as more people came the less and less the nutrients was taken out of the soil. The dust bowl was also known as “the Dirty Thirties” before all the migrants moved to the states the soil was rich and full of nutrients‚ but the states didn’t get much rain to keep the land fertilized. As soon as the immigrants moved they started to plant right away and the soil went from rich and full of nutrients to poor soil and the nutrients were all gone. So the
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Task Five Explain how the digestive‚ cardio-vascular and respiration systems are interrelated‚ and how they function in a specific task/job. Internally in the human body‚ has to be well-controlled and organised with different progressive systems in which they must interconnect and interrelate in order to perform their role efficiently and successfully. There are different types of systems in the body (mainly 10) in which they all function in different ways and interrelate. An example would be the
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Central Campus The Dome that rests atop Beardshear Hall was almost never a part of Iowa States’ architectural wonders as it was removed from the original budget due to a lack of funding. Beardshear Hall has a very rich history that dates back to over a century ago. Beardshear Hall has been an integral part on campus even before it was fully completed‚ housing multiple programs‚ which were eventually transferred to other buildings‚ as more administrative space was needed. The story of Beardsheer
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