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
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Key to Success What is education? According to the Oxford Pocket Dictionary of Current English it is defined as “the process of receiving or giving systematic instruction‚ especially at a school or university and the theory and practice of teaching”. In my opinion success requires not only formal education but the positive attitude‚ drive and vision through informal education. What is formal education? It is the interaction between students and a teacher that is required for a student
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The Fear of Success 25. It’s just a number. But when you think of it as an age a million thoughts come into people’s minds. Degree‚ Job‚ House‚ Relationship‚ Finances. All very different aspects‚ but all have to do with this big‚ pressure filled world we live in. What Society Expects Society. The harshest critic you will ever face. Society has expectations for the youth of our nation. By age 25‚ society expects you to have a 4 year degree in a subject that will provide you with a stable career
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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 out of
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Education should only be concerned with what is useful in life. Discuss. Education is championed to be the solution of many prevailing problems society is facing today. An overarching view of education can be seen as a way in which people gain knowledge‚ information and understanding‚ and learn new skills. One can safely say that the breadth and depth of what can be learned cannot be finished in a lifetime and thus it often forces educators to sieve out and choose areas that are deemed useful
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ESSAY CONTEST: Borrowing Money There are people in the U.S today who have never taken out a loan‚ made a purchase on credit‚ or owned a credit card. What these people know is that you can get into financial difficulty if you borrow too much‚ too frequently. What these people misunderstand is that it’s frequently beneficial and convenient‚ to make purchases by borrowing. Successful borrowing can help you create a positive credit history‚ which is important for many reasons. Even if you do
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What is success? Probably every human asked himself the questions what does success mean and what does it mean to be successful? But many people seek after success without realizing what does it is actually mean. Scientists believe that success means to achieve goals. Success is positive result‚ for example‚ public recognition of something or someone. Scientists from several U.S. universities conducted joint research came to an unexpected conclusion. It was found that natural talents and special
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Definition of Success is not universal. It might be different for every person. It is a way to look at things. Success may be linked with money or recognition or power or achieving goals. Therefore‚ I disagree with the statement that only people who earn a lot of money are successful. Success is recognition for some people and recognition comes with good work. They may not have earned money but they have earned respect. An example of this would be Mahatma Gandhi or Mother Teresa‚ people see them
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Money is an instrument that we all depend upon to conduct every facet of our lives. The allure of money is magnified by our need for goods and services that are packaged to wet our appetite to spend more. If we could be contented with having less‚ then our need for money would be decreased‚ but we are constantly bombarded with so much temptation that we have become slaves to money. The funny‚ yet sad‚ thing about our dependence on money is that we have created this monster and have allowed it to
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interests only those properties that separate our language from other communication systems. Features of a six properties; 1. Displacement - man is capable of producing a displaced speech‚ that is speech that is not only part of situation eg. Lankiausi teatre ( pasakymas susijes su siuo metu‚ bet as ten buvau anksciau). Only man is able to do that and the animals are not capable to displace speech. Sounds they produce are related to the moment of utterance and situation wholes to the present only (eg
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