College of Business administration Roxas City Elective 22.2 (Money‚ banking‚ and credit) CLASSIFICATION OF MONEY Money according to material used Commodity money. This can be metallic in nature. It is used for purposes other than as a medium of exchange if so desired like rice‚ salt‚ sugar and the like satisfying physiological needs. Precious metal like gold and silver are also used as commodity money. Paper money. High quality paper materials are used to stand a long period
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MONEY AND MORALITY: Gifts of eternal truth in moments of the mundane By Cheryl Leis‚ PhD‚ Management Consultant/Practical Philosopher As inhabitants of this 21st century Western world‚ we all have to deal with money. We participate in the world of commerce as a means to obtain those things considered necessities of life. Money plays the role of the most commonly accepted means in this giving and getting from others. And the more money one has‚ the greater one’s power to regulate the particulars
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Definition: Plastic money is a term that is used predominantly in reference to the hard plastic cards we use every day in place of actual bank notes. They can come in many different forms such as cash cards‚ credit cards‚ debit cards‚ pre-paid cash cards and store cards. Introduction: A slang phrase for credit cards‚ especially when such cards used to make purchases. The "plastic" portion of this term refers to the plastic construction of credit cards‚ as opposed to paper and metal of
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the younger one‚ was blamed for having allegedly stolen the money. The boy was tortured by the priest and the sacristan mayor. Basilio luckily escaped. Points of Note: It is obvious in the way the two boys conversed in this chapter that they were thinking quite maturely for their age. Frequently Asked Questions: Question: Did the priest really lose his money? Answer: Yes‚ he did. But whether it was Crispin who took the money is not clear. This can be deduced from the discussion between
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QUESTION 1 Money Laundering In this new millennium‚ problem associated with money laundering is becoming a serious issue worldwide. Governments across the globe are putting their effort in combating money laundering activities‚ and for this particular report‚ two countries will be discussed in regard to this issue. Those countries are Australia and Malaysia. Both countries had enacted legislation on preventing money laundering scheme. However‚ the process of money laundering had evolved in tandem
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MONEY LAUNDERING IN THE BANKING SECTOR TABLE OF CONTENS 1. | MONEY LAUNDERING – the concept An organized crime Why it is done?? | 2. | Stages and Process Of Money Laundering | 3. | Vulnerability of the Financial System to Money Laundering | 4. | Banking Sector: Medium‚ Regulator And Cause | 5. | Private Banking And Money Laundering: | 6
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talk on the topic‚ yes it is “Value of Money”. M oney plays very vital role in our life. Exchaging goods for other goods are now obsolete. With the help of money we can purchase any think we wish. Philoshipicallly speaking with money we cannot by everything but practically it is the basic thing which calculate the status of a person. If we divide the people in 3 category Rich‚ medium and poor than we can say that the poor people understands the value of money more than the other two. In india there
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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
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“Money Madness” by D.H. Lawrence is a critical evaluation of the rush after affluences that is visible all around us in this Modern Day World. Money has become a powerful player in societies of today and holds more importance than anything else in the modern day lifestyle. The poet‚ through his pen‚ has tried to exemplify this situation and present the social and moral degradation that such madness for a thing so materialistic renders. The poet says that wherever we look there is madness for money;
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This essay will explore the many strategies used by law enforcement and government agencies that are used to combat money laundering performed by organized crime. I will discuss the effectiveness of certain strategies‚ and show which strategies produce the best results. The definition of money laundering is not clear cut or easily defined but it is commonly described as the handling of criminal profits‚ originating from criminal activities such as the illegal sale or buying of fire arms‚ drug trading
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