MCD 2090 Tutorial 5 Money and Inflation Ch.12&13 Tutorial Questions 1. What is money? What distinguishes money from other assets in the economy? Briefly explain the difference between fiat money and commodity money giving examples of each. Why current deposits are included in the supply of money? Money is the commonly accepted set of assets in an economy that people regularly use to buy goods and services from other people. • Commodity money takes the form of a commodity
Premium Inflation Money
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
Free Money
Multiple Sclerosis‚ Muscular Dystrophy‚ Parkinson’s disease‚ speech and visually impaired and stroke patients. These services are provided in line with the disability discrimination act 1995 which requires all buildings to be made accessible to all disabled people. In order to meet the standards and requirements of the act the home has to provide certain facilities. Clinically‚ the home has to provide a certain number of beds that will provide palliative care for patients with life limiting conditions
Premium Disability Communication Nonverbal communication
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
Free Money Currency
them into appropriate Ledger Accounts and then extract a Trial Balance on 31st December‚ 2012: 2012 Jan 1st: Commenced business with cash Rs 1‚00‚000. Jan 10th: Bought office equipment worth Rs 40‚000. Jan 25th: Purchased goods worth Rs 25‚000; less 10% trade dis. on credit from Rahul. Feb 4th: Purchased office stationary worth Rs 500. Feb 9th: Paid premium for fire insurance Rs 5‚000 Feb 20th: Sold goods on credit to Raj Rs 35‚000 Mar 16th: Deposited money in bank Rs 30‚000 Mar 28th:
Premium Electric charge Electricity Bookkeeping
Unit 1 Exercise 1: Local Exchange In the modern world we rely on the internet for much of our communications. We also use the internet for research and leisure; one very popular pursuit of that leisure is online gaming. Games such as World of Warcraft and Call of Duty have become hugely popular in all parts of the world. Not only can you play these games as a single or multi player in your own home‚ as was the case fifteen or twenty years ago‚ but now with the advances in networking technologies
Premium Game Massively multiplayer online game Online game
INTRODUCTION ABOUT COMPANY TAKEN (i.e. AMRUTANJAN HEALTH CARE LIMITED: Particulars AMRUTANJAN HEALTH CARE Year of establishment 1936 Revenue for the current year 26.1749(USD in millions) Market Capitalization 1686.607351( RS. in millions) Industry Pharmaceuticals Total Income 1393.532573(Million rupees on year ending march 2013) Net Profit 121.196237 INTRDUCTION: There are two types of prospective financial statements. 1. Projected financial statement 2. Forecasted financial statement
Premium Balance sheet Revenue
Shoes provides. In addition to the engagement partner and the audit manager‚ we will also need to plan on having a tax specialist that has a good understanding of foreign currency exchange rates and interest rates. As mentioned before‚ Apollo Shoes is a global/galactic vendor and understanding the different exchange rates will be pivotal. We will need 2/3 senior audit staff members and a computer/IT specialist to handle the bulk of the audit work. Last but not least‚ we will need a second concurring
Premium Currency Management United States dollar
business of foreign exchange is getting increasingly complex and intensely competitive. However‚ in the backdrop of phenomenal growth of Bangladesh’s external sector‚ foreign exchange business provides a challenge as well as an excellent opportunity to accelerate the growth of bank’s own business This research paper is done on the foreign exchange department of Prime Bank ltd. It tries to capture nearly the entire range of activities typically performed in the foreign exchange department of the bank
Premium Foreign exchange market
CHAPTER 3 – INTERDEPENDENCE BETWEEN MAJOR SECTORS‚ MARKETS AND FLOWS IN THE MIXED ECONOMY STUDY UNIT 1 Production‚ Income and Spending *Identify the three major flows in the economy Production – occurs and generates income Income - earned Spending – Buy available goods and services *Distinguish between a flow and a stock (Box 3-1 Stocks and Flows) STOCKS FLOWS Measured at a particular point in time NO time dimension Has a Time dimension – only measured over a period Water level
Premium Tax Progressive tax