the expansion of banking and money and the changes in people’s financial wealth are three ways by which the financial system could affect the level of aggregate demand in the economy. For a real economy to expand‚ liquidity of assets is a requirement and the availability of liquid assets increases the aggregate demand in the economy as consumers have easy access to cash when needed as liquid assets are assets that can be easily converted into cash. The expansion of banking and money also affects
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E.E-BANKING: There is no official definition of this term‚ but it generally implies a service that allows customers to use some form of computer to access account-specific information and possibly conduct transactions form a remote location – such as home or at the workplace. The obvious advantage to the consumer is convenience – one bank recently used the advertising motto “bank naked” to emphasize the customer’s freedom to conduct routine banking transactions from the comfort and security of
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HOW DOES MODERN TECHNOLOGY IMPACT TEENS? ------------------------------------------------- Updated Oct 11 2010 - 3:54pm · Posted Feb 22 2007 - 2:03pm by GeekSugar · 1 comment News · Digital Life · Teens Teens all over the world are growing up in a world in which the Internet‚ cell phones‚ text messaging and other technology dominates their communication and are an integral part of everyday life. I was a teenager when AIM got big and remember how quickly everyone in my age group got addicted
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Luis Marin Professor Bakar Wilson English 101 3/5/13 Experiences with Banking Concept Education and Problem Posing System In the article “The “Banking” Concept of Education” by Paulo Freire compares two types of education‚ which he calls "banking" and "problem posing". In the article‚ Freire strongly criticizes The Banking Education. He said that in the banking concept the teachers just talk to the students to fill them with information without perceiving the true significance of the
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deposits and advances and other related services. It receives money from those who want to save in the form of deposits and it lend it to others. Functions of Commercial Bank Primary Function: The primary functions of bank are also knowns as banking functions . They are the main functions of a bank. Accepting Deposits SAVING DEPOSITS An persone can open an saving account by keeping a minimum deposit amount. Procedure Following documents to open a bank account: 1. Address proof 2. Identity
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ICT in Banking Banking Facilities have been Improved due to ICT. People can now pay for goods using not only cash but plastic cards‚ cheques and direct debit cards. Smart cards can also be used to pay for goods over the internet. A person can now bank from home using the telephone or internet or even through their mobile phones. A person also no longer needs to go to the bank to take out money. Cash machines mean that people can take out money without having to visit the bank
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Green banking is like a normal bank‚ which considers all the social and environmental factors‚ it is also called as a ethical bank. Ethical banks have started with the aim of protecting the environment. These banks are like a normal bank which aims to protect the environment and it is controlled by same authorities as what a traditional banks do. How do Green/Ethical banking differs from Normal banking? There are many differences compared with normal banking‚ they give more weight to environmental
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SEPTEMBER SEMESTER 2010 EBMP3103/EDMP3103 – PRODUCTION TECHNOLOGY ASSIGNMENT (30%) INSTRUCTIONS TO STUDENT: 1. Your assignment should be typed on A4 paper using 12 pt Times New Roman and 1.5 line spacing. 2. Submit your assignment on-line through the myVLE. Please refer to the LMS Help (in myVLE) for detailed instructions on submission procedure. 3. You must submit your assignment in the Microsoft Word format. 4. Your assignment must be submitted before or on Tutorial 5. Submissions after Tutorial
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Investment banking is a type of financial service that focuses on helping companies acquire funds and grow their portfolios. Much of this comes in the form of stock and bonds transfer‚ but investment capital and wholesale corporate acquisitions are also part of the equation. Bankers within this sector are usually highly trained‚ and are widely recognized as some of the most elite participants in the financial marketplace. They are often sought as much for their consulting and advising services as
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The Impact of Science and Technology to Society Albert Einstein (1921) The rapid rise of modern science has created major social problems. Not only has science created profoundly affected man’s material way of life it also offered an equally profound mental upheaval. As resulted from the changes it has effected in man’s rational understanding of his environment and his attitude toward knowledge. Materials life has primarily felt the technological knowledge growing out of industrial application
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