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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ECONOMIC MATTERS Ill Effects of Black Money on Growth of Economy V. Gopalan* A ccording to the data provided by the Swiss Bank‚ India is topping the list with almost $1500 billion of its black money deposited with them‚ followed by Russia $ 470 billion‚ UK $390 billion‚ Ukraine $100 billion and China with $96 Billion. It looks like India’s share is more than rest of the world combined‚ 13 times larger than the nation’s foreign debt and about 40% of GDP of India. Every year this
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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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Plastic Money One of the biggest problems with the way we celebrate festivals in our country is the resultant noise pollution. In the larger cities that anyway grapple with the problem of noise pollution in everyday living‚ public celebrations like Janmashtami and Ganesh Chaturthi only aggravate the issue. Loudspeakers‚ fire crackers and loud musical instruments are all culprits. According to a recent World Health Organisation (WHO) report noise pollution is considered not only an environmental
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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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Money and Possessions By Eric Lewis 02/02/2014 The Bible says a lot about money‚ wealth and riches. Jesus said‚ "It is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God." (Mark 10:25). Jesus‚ already knows the human heart better than anyone . So many times‚ rich people make wealth their number one priority instead of God. They spend most of their time making wealth‚ and spending it. Money becomes their idol. God said in
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Ascent of Money; The Financial History of the World Samuel Dada Survey of Fiscal Management Cameron University‚ Summer 2013 Abstract The author‚ Niall Ferguson offers a comprehensive collection of anecdotes and observations about the development of finance. He begins with a brief discussion of pre-money societies. Then‚ he carries you through the birth of banking in Renaissance Italy‚ the 18th-century Mississippi and South Sea bubbles‚ the role of
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Money–Is it really a motivator? One of the myths of executive compensation is that the most effective way to motivate people to work productively is through individual incentive compensation (Pfeffer‚ 1998). While most people agree that money cannot buy everything‚ in organizations there is a widespread belief that money plays a major role in motivating people. Organizations spend a lot of time‚ effort and money in designing and implementing the right performance management schemes and incentive
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Money and Inflation The nation’s economic stability has many factors which amount to inflation. Inflation may be caused by a number of problems‚ but there are some specific examples which have direct control over which way the prices and spending sway. Inflation simply means that the American dollar‚ in this case‚ is less valuable on the foreign exchange market and the gold standard is moved to higher prices; which simply means that more currency is needed to exchange for gold. Any slight
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‘Time is money’ a quote by Benjamin Franklin‚ US first millionaire‚ is a proposition that stresses the importance of time and the need to use it wisely. Time is the most valuable thing in the world‚ that once it has been wasted‚ it can never be recovered. So‚ by this idea it implies that time is more valuable than money itself‚ money can be exchanged back and forth and if you lose it you can gain it back by working hard. Some people view time as minutes‚ hours‚ days‚ but I view time as opportunities
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