IMPACT OF GFC ON AUSTRALIAN DOLLAR As United States of America and other European countries faced recession there were few developing Asian countries such as China and India which were least affected. China and India recorded 9.7 and 10% GDP growth respectively from 2006. Australia has abundant natural resources such as Iron ore‚ coal‚ Uranium etc. As these two hugely populated large economies which also consume huge resources was the main factor which helped Australia in surviving GFC (IMF 2009)
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exchange rates differed significantly. For example‚ the official exchange rate with the dollar in 1993 was 5.77 Yuan versus 8.70 Yuan in the swap markets. The foreign exchange was highly restricted in order to limit imports‚ resulting in a large black market for foreign exchange. From 1994 to 2005: In 1994‚ the Chinese government unified the two exchange rate systems at an initial rate of 8.70 Yuan to the dollar‚ which eventually was allowed to rise to 8.28 by 1997 and was then kept relatively constant
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Waverly and Disappearing Dollars 1. How would you solve Waverly’s budgeting issue? In order to solve Waverly’s issue‚ I would advise her to work on the zero-based budget‚ this is where every dollar has a name before the month begins. Waverly is doing great at giving every dollar a name but instead of doing it as she spends her money she needs to do it before the month begins‚ so that she is already aware of where her money is going to for that month. 2. Is Waverly right in giving every penny a name
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An important character in the movie Millions‚ directed by Danny Boyle is Damian. He is important because he shows us the importance of imagination and spirituality‚ being altruistic and naivety. Damian is a 7 year old boy in the film Millions. In the film‚ Damian shows us the meaning of imagination and spirituality. This can be seen when we see him speaking to different saints such as Saint Peter‚ Joseph‚ Francis of assis and Saint Clair. This shows us that he has a big imagination and that he
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commonly known as the sand dollar‚ is a familiar urchin on Florida coastlines. The species is flat and disk shaped that nestles into shallow sandy waters to protect itself from waves and predators. Dissodactylus mellitae is a parasitic crab that feeds on the spines of the hosting sand dollar where it remains its entire life. This study was arranged to observe the distribution patterns of crabs on various sizes of sand dollars. We hypothesized that the larger sand dollars would host more crabs because
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As we know the Australian dollar was floated in 1983. And after that‚ it becomes the most of impact currency in the world. Within current year‚ the Australian dollar hit a highly record‚ especially the period of Global Financial Crisis. In this report‚ it will take United State dollar (USD)‚ Japanese Yen (JPY)‚ Chinese’s Renmingbi (CNY)‚ Euro dollar (EUR) and the New Zealand dollar NZD as examples‚ which are the major countries’ currencies to influence Australia dollar. Also‚ it will illustrate
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Pros and Cons of an appreciation in Australian dollar In the recent days‚ Australian dollar has witnesses a significant appreciation and keeps strong. To put in a simple way‚ appreciation of Australian dollar‚ for our ordinary consumer‚ means we can buy more goods than before using the same amount of money. This is caused by an increase of purchase power of Australian dollar. As for choices of consumers‚ foreign goods are especially welcomed for the simple reason that they become relatively cheaper
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imports into Japan or outside of Japan for its’ manufacturing is cheaper. Sony must match dollar revenues with dollar expenses through investing more in the U.S. or n other countries in Asia‚ where components are less expensive but where Sony can invoice in dollars. - What are the major forces that affected the Japanese yen prior to the global financial crisis in the fourth quarter of 2008? In your opinion‚ what has had the greatest impact on the yen since then‚ and where do you forecast the future value
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are several initiatives Dollar Tree can continue to utilize as part of its strategy to distinguish itself in this discount retail industry. First‚ completely closing the current Family Dollar acquisition will set Dollar Tree out front as the leader in the industry‚ but several next steps will need to be taken in order for consumers and investors to view this as a successful venture. First‚ whether the organization intends to use the Family Dollar name or convert them to Dollar Tree stores will be a
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The Man On The Hundred Dollar Bill by:Ahmed Siddig How many people do you know that have done something big and important in more than one field of study? I only know one person‚ this person has done so much in his life span. Part of the reason were we are were we are in the technological field is because of him. He is also one of the founding fathers of America. This person is Benjamin Franklin. Benjamin Franklin was born on January seventeen‚ 1706 to Josiah Franklin and Abiah Folger. He was
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