Q 1: What is Money Market? What are the important functions performed by it? Ans. A.MEANING OF MONEY MARKET:- A money market is a market for borrowing and lending of short-term funds. It deals in funds and financial instruments having a maturity period of one day to one year. It is a mechanism through which short-term funds are loaned or borrowed and through which a large part of financial transactions of a particular country or of the world are cleared. It is different from stock market. It
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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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Trading in Massively Online Game makes Real Money in Virtual World Kausar Ahmed MS Candidate University of South Australia May 22‚ 2008 Abstract This paper analyzes the issue of earning real world money from virtual world and the role of taxation on that income. Many virtual worlds have their own internal trade based economy similar to real world economy with its own currency acting as a medium of exchange. A huge virtual money flow in MMOG‚ so a virtual economic flow can be exist which can
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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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Changing a Colostomy Mrs X is one of our youngest residents aged 66. She has been in the care home for over 10 years after suffering a brain haemorrhage which affected her mobility and ability to communicate. She requires a substantial amount of care at all times as a result of this. Mrs X also developed problems with her bowel which resulted in her being given a colostomy bag. Generally Mrs X bag requires changing one to two times per day. My mentor asked if I would assist her to change Mrs
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Activity 3 Consider your workplace as a learning environment and reflect upon three areas for improvement. The term reflection refers to reviewing experience from practice so that it may be described‚ analysed‚ evaluated and consequently used to inform and change future practice.” According to Somerville and Keeling (2004) nursing is a profession where reflection is important whereby it helps to identify strengths and weaknesses. Jarvis (1992) mentioned that reflective practice can also be known
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The observations made by Lewis Lapham’s Money and Class in America distinguishes the meaning of success and the required level for respect for Americans to that of other strong societies. In his supposed defense of the popular opinion that America is a place that wrongfully shows respect to those of higher economic class than other nations that hold art and intellect at a pedestal. With this‚ he agrees with Henry Adams that Americans are ignorantly herded to find "success" in the materialistic wealth
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Can Money Buy Happiness In today’s materialistic world‚ the phrase that ‘money can’t buy happiness’ is tending to be proved hence otherwise. Social research and surveys have shown results based on an individuals income‚ health and the political scenario which is dominant in his or her region. It is quite obvious that the gap between the privileged and the not so is growing into a great divide giving rise to different class and status‚ thus defining ones social circle. It should therefore be understood
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assignment I will talk about money. I will describe the functions of the following. First I will describe how money acts as a unit of account‚ medium of exchange and‚ finally discuss how money is used for a store value. The last thing I will do is put these functions of money into examples that I use on a daily basis. I understand the acts as a unit of account to be sort of like a measurement tape or yard to where you post price tags and record what you owe. We use what money we have to spend for measurements
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What is Money? At first sight the answer to this question seems obvious. A man or woman in the street would agree on coins and banknote which could be known as checks‚ for a good or a service but would they accept them from any country? They would probably be less willing to accept them than their own country’s coins and notes but bank money actually accounts for by far the greatest proportion by value of the total supply of money. Credit cards and gold are some what different. The gold standard
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