course: 22 ways of generating black moneyBlack money‚ according to the white paper released today‚ can be generated mainly under two heads: generating it by manipulation of accounts and generating it in some vulnerable sections of the economy. | | As promised‚ finance minister Pranab Mukherjee is out with the white paper on black money‚ which attempts to give an elaborate backgrounder on the generation of black money in India and abroad. Black money‚ according to the white paper released today
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Time Value of Money Extra Problem Set 1 1. You are planning to retire in twenty years. You ’ll live ten years after retirement. You want to be able to draw out of your savings at the rate of $10‚000 per year. How much would you have to pay in equal annual deposits until retirement to meet your objectives? Assume interest remains at 9%. [$1254] 2. You can deposit $4000 per year into an account that pays 12% interest. If you deposit such amounts for 15 years and start drawing money
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Can money buy you happiness? The general belief is that the rich tend to pamper their children by buying them all sorts of “toys”‚ while the poorer children do not do this because they cannot afford to. It is usually presented in stories- especially in movies - that rich children are bad while those from poorer families struggle all their lives. Consequently it may be believed that children from rich families are happier than those from poorer ones. This may be the case in some instances‚ but is
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0 The use of money and its transmission through the economy by means of a banking system characterise modern economies. Money has been used for thousands of years‚ but has evolved to more sophisticated forms and its transmission has improved over time. There have long been questions over the effects money and banking have in the economy. Frequently they have given rise to intense debate‚ and are seldom far from discussion on the economy’s performance‚ prices‚ exchange-rates and so on. The British
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The Indian money market is "a market for short-term and Long term funds with maturity ranging from overnight to one year and includes financial instruments that are deemed to be close substitutes of money."[1] It is diversified and has evolved through many stages‚ from the conventional platform of treasury bills and call money to commercial paper‚ certificates of deposit‚ repos‚ FRAs and IRS more recently. The Indian money market consists of diverse sub-markets‚ each dealing in a particular type
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Happiness is not money Nowadays it is hard to have a good life with no money. Most people relate money with happiness because it allows people to own everything they want‚ but it is not that way. Money does not mean happiness; it is actually a means to achieve happiness. However‚ happiness’ definition is a bit blurred. It depends on the people who have already enjoyed the essence of happiness. That is the reason why money and happiness get confused. A person with values will know that money does not buy
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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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Noone can deny the importance of money in life. However‚ whether or not it is actually the only thing people are interested in today is much of controversy. Some people believe that money can buy everything when the others assert that it cannot. From my point of view‚ there are a lot of achievements rather than money although I can live without it. Sometimes‚ I wish to be a millionaire who does not have to worry about life with tons of burden. But it seems to be meaningless for me to come in for
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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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f. Calculate the marginal propensity to consume? g. What is autonomous consumption? 2. Suppose that a person’s wealth is $50‚000 and that her yearly income is $60‚000. Her money demand function is given by M = $Y(.35 –i) a. What is her demand for money and her demand for bonds when the interest rate is 5% and 10%? Interest rate at 5% M = 60‚000 (.35 - .05) M = 18000 Demand for bonds = Wealth - Md
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