Macroeconomics Assignment 4 – Lessons 7& 8 Solutions 1. What distinguishes money from other assets in the economy? (2 Mark) ANS: Money is different from other assets in the economy because it is the most liquid asset available. Other assets vary widely in their liquidity. 2. What are demand deposits‚ and why should they be included in the stock of money? (2 Mark) ANS: Demand deposits are balances in bank accounts that depositors can assess on demand simply by
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E-Money (That’s What I Want) The killer application for electronic networks isn’t video-on-demand. It’s going to hit you where it really matters - in your wallet. It’s‚ not only going to revolutionize the Net‚ it will change the global economy. By Steven Levy Clouds gather over Amsterdam as I ride into the city center after a day at the headquarters of DigiCash‚ a company whose mission is to change the world through the introduction of anonymous digital money technology. I have been inundated
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Can money buy happiness? Yes we can! Essay I love money but unfortunate‚ I am not having it that often lately. One year before I was working 40 hours a week‚ at that moment I had enough money to pay the bills‚ going out every weekend and spend money on thinks I wanted. Nowadays I am not having money that often but I am still having a good time‚ spending my money in a different way. The point is to continue buying experiences as well as objects. Recent research‚ which is done by students
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5 Reasons Money Can Buy Happiness By: John Cheese December 01‚ 2011 825‚237 views digg One of the ways rich people make poor people feel better about being poor is to bombard us with songs and movies reminding us that‚ at the end of the day‚ money isn’t what’s really important. These stories seem to feature people who have homes and cars and food‚ for whom all that extra overtime at work is all about getting a second summer home in the Hamptons. "Dammit‚ honey‚ your children are more important
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FIN41340: Quantitative Methods in Finance Tutorial: Time Value of Money Lecturer: Email: Dr. Thomas Conlon conlon.thomas@ucd.ie Tutorial Questions 1. What is the present value of a 3-year annuity of $100 if the interest rate is 6%? What is the present value of this annuity‚ if you have to wait two years instead of one year for the first payment? 2. Your hedge fund can lease a supercomputer for the purposes of high frequency trading for $8‚ 000 per year (paid at year end) for six years
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Young Adults Do Not Know How to Manage Their Money I have noticed that nowadays‚ many young adults do not know how to manage their money. Young adults don’t understand how to save and cherish money. They just say that it’s their money‚ they earned it‚ and they can do whatever they want with it. Which is true‚ but they just party their money away in a glance‚ and there is no use in that. I think that when young adults don’t know how to manage their money‚ they fall behind in life‚ and fall into debt
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effect of changes in the money supply to changes in nominal GDP‚ it is common to assume that the velocity of money is constant. The velocity of money is a measure of average number of times per year that a dollar is exchanged. The quantity theory of money states that the money supply multiplied by the velocity of money is equal to the price level multiplied by output. ( ) Price level multiplied by output is the nominal output. Therefore‚ a percent change in the money supply added to a percent
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Chapter 1- Why study Money‚ Banking and Financial Markets? Why are Financial Markets Important? Financial markets are crucial to promoting greater economic efficiency by channeling funds from people who do not have a productive use for them to those who do. Well functioning financial markets are a key factor in producing high economic growth‚ and poorly performing financial markets‚ vice versa. Financial markets and intermediaries have the basic function of getting people together by moving funds
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The most important aspect of a job is the money a person earns There is a statement that “The most important aspect of a job is the money a person earns.“ I think it is definitely correct. In my opinion‚ money is everything; people can’t live in the world without money. People can’t do anything without money. Money is motive power of life. With a lot of money‚ people can live a better life. Lets think about it‚ what’s the reason for studying? I thought the answer must be having a good
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THE NATURE OF MONEY LAUNDERING; MONEY LAUNDERING AS AN EMERGING SECURITY THREAT AND HOW MONEY LAUNDERING AFFECTS NATIONAL ECONOMIES. By FREMPONG-ANSAH FIIFI Institution: The Kofi Annan International Peacekeeping Training Centre‚ Ghana Email: fiifi.ansah@hotmail.com Contact Number: 024-424-3064 Intentionally Left blank Introduction There has been immense growth of financial services worldwide in the past few decades. This globalisation has led to increased cross-border activities enhancing
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