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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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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individual submissions accepted. Submit your homework electronically to the course TA‚ Mrs. Çiğdem Vural Yavaş‚ crocus@gmail.com . Use the template file to do the homework‚ turning into your own file using the naming convention in the next bullet. All calculations and verbal answers should be on the Excel spreadsheet itself (no additional files submitted). Not every problem will have a template. If this occurs‚ add a tab to the template file for the missing problem. Naming convention: Submit
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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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assignment I will talk about money. I will describe the functions of the following. First I will describe how money acts as a unit of account‚ medium of exchange and‚ finally discuss how money is used for a store value. The last thing I will do is put these functions of money into examples that I use on a daily basis. I understand the acts as a unit of account to be sort of like a measurement tape or yard to where you post price tags and record what you owe. We use what money we have to spend for measurements
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Electronic Money: Trends in Future Spending Throughout the years‚ forms of payment and money have evolved drastically. From Native Americans using wampum to the invention of PayPal and other computerized payment methods‚ the way we spend money has become more adaptive to our lifestyles with convenience and ease of use. As electronic commerce is advancing and more people are embracing and accepting the use of computers and electronic forms of payment. Credit cards and checking accounts were the
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future benefits ‚ feasibility ‚ accessibility‚ comforts ‚contingency and growth. Now‚ the affordability factor‚ this factor is made so achievable that nothing seems to be beyond reach. How is that? Its the introduction of plastic money. The widely used kind of plastic money is credit card and debit card. Of these two the debit card is the payment affordability upto the balance in the account hold in the bank. But the credit card is a boasters to the factor of affordability. The invention of financial
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The Ascent of Money - Individual Essay ECO/372 October 10th‚ 2012 The Ascent of Money - Individual Essay The Ascent of Money written by Harvard Professor Nail Ferguson as a way to converse about “The Financial History of the World” (Ferguson‚ 2009). Ferguson describes the increase and development of economics concentrating on insurance‚ financial institutes‚ and the bond market. Ferguson reveals the method in which history can enlighten our comprehension of the existing economic
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teachers and nurses are called "professionals" and spend years of time and money to train for these positions‚ when it comes to dollars and cents‚ their paychecks never come close to what other professionals receive. Police and firemen leave their houses every day unsure they’ll make it home uninjured - if they make it back at all - but their salaries hardly reflect the risk they take to chase criminals or fight fires. Money‚ however‚ is only one of the major issues public workers take with them
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constant the new equilibrium point will be lower witch means that price of a bond will decrease and the interest rate will increase. If the economy grows the first effect we can see Is that the income will increase. When income increases the demand for money will increase shifting the demand curve to the right if every thing else is constant this will mean that the equilibrium point will change thus moving up and showing an increase in interest rate. 9. Find the “Credit Markets” column in the Wall Street
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