The story opens on a dark autumn night. An old banker was quite restless in his study recollecting a party that happened fifteen years ago. In that party‚ the guests were having a discussion regarding capital punishment. While most of the guest disapproved of the death penalty‚ the banker was of the opinion that if capital punishment kills a man at once‚ life-long imprisonment kills him slowly. Then a young lawyer of twenty-five years of age‚ who was amoung the guests was asked to comment‚ who preferred
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"The Bet" is an 1889 short story by Anton Chekhov about a banker and a young lawyer who make a bet with each other about whether the death penalty is better or worse than life in prison. The story has a twist ending. As the story opens‚ the banker is recalling the occasion of the bet fifteen years before. Guests at a party that he was hosting that day fell into a discussion of capital punishment; the banker argued that capital punishment is more humane than life imprisonment‚ while the young lawyer
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believed that it was the perfect town‚ free of corruption and problems; Not only were they proven wrong‚ but‚ in the process‚ the man who corrupted Hadleyburg revealed the dark sides of certain people. Among them were the banker and his wife‚ the minister‚ and "the nineteeners". The banker and his wife‚ to whom the man brought the sack of gold showed their dark sides early on in the story‚ but they were not persecuted as the other "ninteener" families were. Their dark side was one with greed and dishonesty
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NEGOTIABLE INSTRUMENTS ACT Negotiable Instruments are money/cash equivalents. These can be converted into liquid cash subject to certain conditions. They play an important role in the economy in settlement of debts and claims. The transactions involving the Negotiable Instruments in our country are regulated by law and the framework of the Statute which governs the transaction of these instruments is known as The Negotiable Instruments Act. This act was framed in our country in the year 1881
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Question 1 (5 points) Shareholders of Exxon Oil Company face a variety of risks in holding its shares. If the economy falters‚ people tend to travel less and so there is less demand from the airlines industry for Exxon’s fuels. This type of risk that Exxon’s shareholders bear is Your Answer Score Explanation specific/idiosyncratic risk. systematic/market risk. Correct 5.00 Correct. Total 5.00 / 5.00 Question Explanation A fundamental question about different types of risks. Question 2 (5 points)
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The area of credit appraisal and assessment is very vast and each new account poses new challenges and tests our skill. Whenever a proposal is received‚ what does a banker looks for in it? Answer to this question is not only very detailed but also very complex. Earlier speakers might have already covered the finer aspects of the project/credit appraisal i.e. from the selection of the project to preparation of projected financials and evaluation of the project from the angle of acceptability‚ more
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Funding a Business Venture By Ericka Smith-Williams American Intercontinental University July 30‚ 2010 Abstract Investment Bankers‚ Stock Market‚ Financial Management‚ and Risk Financing all play a role in funding a business venture. This paper will discuss what and why investment bankers‚ stock market‚ financial management and risk financing are important to businesses. This paper will also talk about what form of funding is best to use and why. Funding a Business Venture Funding a business venture
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FRACTIONAL RESERVE BANKING Fractional reserve banking is a system under which bankers keep as reserves only a fraction of the funds they hold on deposit. This system has three features: • Bank Profitability By getting deposits at zero interest and lending some of them out at positive interest rates‚ goldsmiths made profits. The history of banking as a profitmaking industry was begun and has continued to this date. Banks‚ like other enterprises‚ are in business to earn profits. • Bank Discretion
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context‚ merchant banking includes all institutions that combine the functions of both development banking and investment banking. Investment banks act as intermediaries between issuers and investors. The issuer sells securities to investment bankers who in turn sell the securities to investors. The investment banks own the securities until they are resold. For firms seeking to raise long-term funds‚ investment banks provide assistance through a number of functions including underwriting‚ marketing
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CHAPTER 14 Raising Capital in the Financial Markets CHAPTER ORIENTATION This chapter considers the market environment in which long-term capital is raised. The underlying rationale for the existence of security markets is presented‚ investment banking services and procedures are detailed‚ private placements are discussed‚ and security market regulation is reviewed. CHAPTER OUTLINE I. The mix of corporate securities sold in the capital market. A. When corporations raise cash in the
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