After hand-over I and my colleague was assigned for top floor. We decided to give personal care to Mr P. I knocked the door of Mr P’s room‚ with his permission we entered in the room. I said good morning and asked if he is ready to get up. He was very cheerful and agreed to get up. I asked Mr P if he will like to access the toilet first. I made sure this was done in the privacy of the his room using his preferred method of communication which is spoken words. Mr P said that he would like
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THE FUNCTION OF MONEY A usual thing in economics is money. When we say that a person has a lot of money‚ we usually mean that he or she is wealthy. By contrast‚ economists use the term “money” in a more specialized way. To an economist‚ money does not refer to all wealth but only to one type of it: money is the stock of assets that can be readily used to make transactions. Roughly speaking‚ the dollars in the hands of the public make up the nation’s stock of money. Money has three purposes:
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honesty‚ you do it out of love for all of the students‚ not just one‚ it’s for the best interest‚ not just a certain few‚ I am also sorry for making this such a big deal‚ but it really does feel like she is targeting me‚ no matter what you or anyone else say‚ no one sees what really goes on inside that classroom‚ when she says things to me that makes me feel less than I really am. I have given up. It’s just that simple. It isn’t worth me trying anymore. I give up on caring I simply don’t‚ it
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power entered on an account. The paper currency which we take to the bank becomes there monetary units entered on a personal account; these units will then be able to circulate through a simple game of entries between different accounts‚ without any need to circulate paper currency: this is called clearing. Two people having current accounts in the same or in different banks‚ may effect their mutual payments by simply entering the corresponding figures in their respective accounts. This new form
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Checkpoint: Money Unit of account: This function of money means that money is used as the common foundation to determinate the prices of goods traded throughout the economy. Unit of account‚ or measure of value‚ means money is functioning as the measuring units for prices. In other words‚ prices of goods are claimed in terms of a common monetary unit. Unit of account lends meaning to losses and profitability. Currencies are usually used as a unit of account but objects can also be used‚ such
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The evolution of money: an outline of six stages I. From tradable utilities to a generalized medium of exchange accepted as the final payment‚ carrying value over time‚ and used to calculate the equivalence in exchanges… This transition seems logical and unavoidable from the present day perspective‚ but its historical origin remains disputed. A common explanation projects the present day assessment of the logical necessity of introducing a generalized medium of exchange on the past‚ which is a
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The function of money The main functions of money are distinguished among the terms of: a medium of exchange‚ a unit of store value and standard of deferred payments. Money as a Measure of value In money‚ economy values of all commodities are expressed in the terms of money. Money is the means by which we a measure the disparate things which make up the economy. This functions of money makes transactions. Money as a store of value In order to be a medium of exchange‚ money must hold its value
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Causes for Generation of Black Money There are several factors responsible for the emergence – of black money. It would be relevant to discuss those factors so that a correct understanding about the genesis‚ growth and expansion of black money can be made. The principal factors are: (i) Beginning of the evil: The beginning of this evil can be traced to the Second World War. During this period supplies of industrial goods from the traditional suppliers of the West were cut off. This resulted in
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Money - buying‚ selling and paying Personal finance Sometimes in a shop they ask you: ’How do you want to pay?’ You can answer: ’Cash. / By cheque. / By credit card.’ In a bank you usually have a current account‚ which is one where you pay in your salary and then withdraw money to pay your everyday bills. The bank sends you a regular banki statement telling you how much money has gone in and out of your account. You may also have a savings account where you
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Saving Money saving money is huge problem for this world we are living in 2014. it very hard to save money when i on fixed income of each month and not working to making enough to get by each month. i learned what is really like to struggle to live on my owe without depended on parent or family for help. saving money it my weakness spot how to budget what it important or overspent on thing is not important and when i really broken i start to feel real guilty and i have to wait about another
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