Plastic money is a term that is used predominantly in reference to the hard plasticcards we use everyday in place of actual bank notes. They can come in many different forms such as cash cards‚ credit cards‚ debit cards‚ pre-paid cash cards and store cards. Katie Harry answered Plastic money are the alternative to the cash or the standard ’money’. Plastic money is used to refer to the credit cards or the debit cards that we use to make purchases in our everyday life. Plastic money is much more
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* Today i would like to present about benefits of saving money. First of all‚ i would like to share with you about saving. Saving is the part of a person’s income that is not spent but its keep. * There have many ways to save money such as open saving accounts‚ stay away from malls‚ televisions and catalogs‚ Ignore what others think when you saving and try to save half of your income. * There have many benefits in saving money. First is to ensure better quality of life‚ second can cover
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THE ROLE AND USES OF MONEY The classical economists were of the view that money was discovered to remove the defects of barter. The important functions of money for them were to serve as a medium of exchange and standard of material. They examined in detail the characteristics of a good money material and the forces which operate in determining the value of money. The classical economists were of the view that the volume of output‚ the quantity and quality of the goods to be consumed‚ the volume
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How to detect counterfeit money On a day to day basis we are constantly dealing with cash‚ most of the time we do not even stop to pay attention to the details and markings that are on these many bills. In fact‚ it is a good chance that maybe; you are holding a counterfeited bill. Counterfeiting money is one of the oldest crimes in history. During the Civil War‚ it is estimated nearly one-third of all currency circulating around the United States‚ was counterfeited. In the next four to six minutes
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total of $400‚000 for a period of 5 years in two saving accounts; the first has a 5% annual interest rate and the second has a 7% annual interest rate. The interest in each account is credited to the accounts at the end of each year. At the end of the five year period Irene received a total sum of $529‚452 from both accounts. How much did Irene deposit in each of the accounts? (Hint: You can make use of “Goal Seek” tool for your answer.) Question 2 The following table gives the expected cash flow
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QUESTION 1 Money Laundering In this new millennium‚ problem associated with money laundering is becoming a serious issue worldwide. Governments across the globe are putting their effort in combating money laundering activities‚ and for this particular report‚ two countries will be discussed in regard to this issue. Those countries are Australia and Malaysia. Both countries had enacted legislation on preventing money laundering scheme. However‚ the process of money laundering had evolved in tandem
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several main functions of money. They are; unit of account‚ medium of exchange‚ and store of value. Each function describes how money is used in the economy. The medium of exchange speaks to how we use money in exchange for goods. It is like a barter to get someone that has what I want to give it to me in exchange for something that they want. Money makes this an easier exchange. Everyone wants money‚ as it allows them to turn around and purchase what they want. If not for money we would have to exchange
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Definitions (2) 1. The gradual elimination of a liability‚ such as a mortgage‚ in regular payments over a specified period of time. Such payments must be sufficient to cover both principal and interest. 2. Writing off an intangible asset investment over the projected life of the assets. Read more: http://www.investorwords.com/200/amortization.html#ixzz2GXWACfP2 Applications of amortization In business‚ amortization refers to spreading payments over multiple periods. The term is used for two
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------------------------------------------------- Application security Application security encompasses measures taken throughout the application’s life-cycle to prevent exceptions in the security policy of an application or the underlying system (vulnerabilities) through flaws in the design‚ development‚deployment‚ upgrade‚ or maintenance of the application. Applications only control the use of resources granted to them‚ and not which resources are granted to them. They‚ in turn‚ determine the
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WHAT IS PLASTIC MONEY? •Plastic money are the alternative to the cash or the standard ‘Money’. •Plastic money is the generic term for all types of bank cards‚ credit cards‚ debit cards‚ smart cards‚ etc. DEFINITION The :plastic” portion of this term refers to the plastic construction of credit cards‚ as opposed to paper and metal of currency. The money portion is an erroneous reference to credit cards as a form of money‚ which they are not. Although credit cards do facilitate transactions
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