The function of money The main functions of money are distinguished among the terms of: a medium of exchange‚ a unit of store value and standard of deferred payments. Money as a Measure of value In money‚ economy values of all commodities are expressed in the terms of money. Money is the means by which we a measure the disparate things which make up the economy. This functions of money makes transactions. Money as a store of value In order to be a medium of exchange‚ money must hold its value
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1. 1984 is a futuristic society where their government can make their people believe in what changes the Party makes without having any trace of the past. The Party’s Ministry of Truth can change all their records making everyone believe it is that kind of lie. But truly‚ “the past…has never been altered” (Orwell‚ 1984). But with this kind of “reality control…[or]…doublethink”‚ there are those who want to preserve it‚ like Winston‚ who discovered pieces of the past where he wants to have “[other]
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Why Should Government Promote Vocational Education and Training? Introduction Vocational education and training can be seen as “deliberate interventions” (UNESCO’S) designed to bring about learning which help youth and adults develop necessary skills and qualifications required by employment. It may have many different aims‚ but the distinctive purpose of VET is to make worker more productive. There is no denying the fact that well-educated and highly-skilled workforce is important for an economy
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What would have happened if there was no Partition and India and Pakistan did not have to spend such enormous amounts on defence? Look at Europe and you’ll get your answer. It’s a continent where nations fought each other for more than 100 years‚ which heaped two world wars on us. Yet‚ it’s working towards a common trade code‚ a common currency and other things to boost the economy. I firmly believe India and Pakistan will have no option but to work towards a similar situation to keep their economic
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Proposed Ban on “Assault Weapons” For my recent controversial legal topic I have selected the failed proposed ban on “assault weapons” that appeared before congress this past spring. This proposed legislation was one that worried me greatly because being a responsible gun owner myself I was worried that by putting another ban upon the ownership of “assault weapons” or semi-automatic rifles such as AR-15’s or Ak-47’s would restrict my current rights as well as not even addressing the real issue
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Q 1: What is Money Market? What are the important functions performed by it? Ans. A.MEANING OF MONEY MARKET:- A money market is a market for borrowing and lending of short-term funds. It deals in funds and financial instruments having a maturity period of one day to one year. It is a mechanism through which short-term funds are loaned or borrowed and through which a large part of financial transactions of a particular country or of the world are cleared. It is different from stock market. It
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Influence of Money Money can buy almost anything in this world. It can give you whatever you want to have or give you what you need. Money can give people food‚ clothes‚ shelter and medicines of the best kinds depending on what value they will give. One can get money through their allowances‚ salaries or wages. The only thing to do now is to save it so that it will increase in due time. Money is an object – it may be cash or paper bills. It has a value depending on a country. For example‚ if your
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If the government is so perfect‚ then why would people go against it? The answer is simple. The government is not perfect. Everything improves with time. The government today is not the same as the government yesterday. Since the beginning of time‚ people strove to make the world a better place. There will be times when the government is not always right. We then have to depend on people to go against the government and fight to better our world. It is appropriate to go against the government. The
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The government should establish policies to control diet and obesity The World Health Organization (2003) estimated that obesity and the national diet have become an epidemic around the world‚ which could be caused by limited attention in health and lack of consciousness of daily diet. In accordance with current trends‚ there will be 2.3 billion adults overweight [body mass index [BMI] ≥25] in 2015‚ and 700 million people will be clinically obese [BMI≥30] (Campbell‚ 2005). In light of these
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Time is money Indeed‚ however the concepts of “time” and “money” are closely related‚ they are not equal. Some people complain about the lack of money‚ but do not know how to kill their time‚ while others earn decent amount of money‚ but cannot find a minute of free time. In the formula‚ “time is money” – there is great wisdom‚ which‚ however‚ is formulated too generally. As well as money‚ time is a resource. However‚ this is a unique resource. Time‚ unlike money‚ you cannot borrow‚ save‚
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