E) "submission." 2) The political and theological faction within Islam that recognized only Ali and the descendants of the family of Muhammad as rightful rulers was called A) Fiqhs. B) Kharij. C) Sunnis. D) Shi’is. E) Sufis. 3) One difference between classical China and the earlier Hwang Ho river-valley civilization was that in classical China‚ A) irrigation was widely practiced. B) China became relatively isolated. C) farming was important. D) traditions emphasized the
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Question 2; “All countries in the EU should join the single currency‚ all of them. A single currency would really allow businesses to prosper”. The European Union more commonly known as the EU‚ is known formally as the European Economic and Monetary Union. The EU establishes a common market among its 28 member countries which means that all border controls between members have been eliminated‚ allowing the free flow of goods and people. Public contracts are open to bidders from any member country
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The extent to which a country can establish and retain a state of ‘Total War’ inevitably leads to victory. In World War 1‚ the allied forces ability to achieve this resulted in their success. The production of munitions and American funding‚ resource allocation and the British Blockade‚ gave the allies a clear advantage on the home front. The utilization of the superior weaponry and manpower as well as improved tactics on the battlefront gave the allies an upper hand in this war of attrition. The
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Most countries develop an exchange rate system in order to stabilize their economy. The unidentified countries listed have pegged their currency to that of another country to promote economic growth. Fixed exchange rates allow importers and exporters to know exactly what kind of exchange rate they can expect for their transactions. This in turn helps to control inflation and temper interest rates‚ allowing an increase in trade. In addition‚ it’s important for a country’s exports to be greater than
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| 2011 | | Monetary economics assignment | Pros and cons of commodity backed currency Submitted to: Prof: Abid Raza Submitted by: Group members Name roll # Adeel Obaid 64 Burhan Ali 24 Abid Daud 60 Pros and cons of commodity backed currency Pros: * Long-term price stability has been described as the great virtue of the commodity back standard. Under the commodity back standard‚ high levels of inflation are rare‚ and hyperinflation is nearly impossible as the money
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The Bank of the United States was a necessity that our nation could not do without because it created a national currency‚ created profits‚ and the government could control inflation. The father of this idea was Alexander Hamilton‚ who wanted a bank system similar to the Bank of England. The bank‚ that was modeled after the Bank of England‚ would be able to hold government funds‚ collect taxes‚ and make loans to the government when taxes were low. The bank would be the capstone of Hamilton’s financial
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25.3.44. When Honda‚ a Japanese auto maker‚ built a factory in Ohio‚ A. It was engaged in foreign direct investment B. It was engaged in portfolio investment C. It was engaged in a cross-border acquisition D. None of the above. 26.3.45. Government controlled investment funds‚ known as sovereign wealth funds‚ A. Are playing a less-important role in international finance following the end of the fixed exchange rate era B. Are mostly domiciled in Asian and Middle Eastern countries. C. Are
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outdated regime‚ the Habsburg emperor Franz Josef was an expansionist. In 1914‚ his latest addition to the Austro-Hungarian Empire was Bosnia-Herzegovina. Bosnian Serbs resented Austrian rule and sought the protection of independent Serbia. It was one of these Bosnian Serb groups‚ the Black Hand‚ that assassinated the Crown Prince‚ Franz Ferdinand in Sarajevo. Austria‚ egged on by her German allies‚ quickly sent Serbia an ultimatum and declared war on the 28th July 1914. A few days later‚ on August
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Exchange Rate Mechanisms Paper - Currency Hedging University of Phoenix Global Business Strategies MGT 448 Oct 05‚ 2005 Exchange Rate Mechanisms Paper - Currency Hedging Currency hedging involves deliberately taking on a new risk that offsets an existing one‚ thereby reducing a businesses ’ exposure to negative change in exchange rates‚ interest rates‚ or commodity pricing (Economists.com‚ n.d.). "Currency hedging allows a business owner to greatly reduce or eliminate the uncertainties
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2005‚ Chinese government started to reform the peg. The Chinese government modified its currency policy on July 21‚ 2005 and the exchange rate of the U.S. dollar against the RMB would be adjusted from 8.28 Yuan to 8.11‚ an appreciation of 2.1%. The government announced that the RMB’s exchange rate would become “adjustable‚ based on market supply and demand with reference to exchange rate movements of currencies in a basket”. The situation in the next three years would be described into “ management
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