Practice Federal State Local Answer the following questions about federal‚ state‚ and local governments. Directions: Answer each of the following questions with a brief essay. (8 points) 1. What level of government do you think should be in charge of security from foreign enemies? Write a paragraph explaining why this level of government is most appropriate. Answer: The Federal Government should be in charge of security from foreign countries. The Federal Government is much better at protecting
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Cash flows: 1) Penguin Pucks Inc has current assets of $5100‚ net fixed assets of 23800 current liabilities of $4300 and long term debt of $7400.What is the value of the shareholder equity account for this firm ? How much is the net working capital? 2) Papa Roach Exterminators Inc has sales of $586000‚ costs of $247000‚ depreciation expense of$43000‚ interest expense of $32000 and a tax rate of 35 per cent .What is the net income for this firm? 3) The Renata Co had $236‚000 in 2009 taxable
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Federal and unitary systems of government have many similar qualities therefore it becomes difficult to decipher between the two. In order to illustrate the difficulty in trying to distinguish between the two‚ I will first define what each system of government involves and then attempt to compare and contrast. Federalism is the creation of two layers of government‚ the federal government and the constituent states‚ which equally share the legal sovereignty of a country. Each tier of government has
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Griffin Professor Kotomin Home Work 5 FIL 241 10-26-14 FED Analysis James Bullard is the acting CEO and President of the St. Louis Federal Reserve Bank and in his message to The Regional Economist he leaves his readers with an unnerving thought. President Bullard pointed to how the relatively abnormal monetary policy that the Federal Reserve has taken to revive the economy after the 2008 and 2009 crisis may lead to larger future economic issues. The figure he presents in his message shows the distances
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THE IMPACT OF MONEY SUPPLY ON THE ECONOMIC GROWTH OF NIGERIA CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY In the critical observation of the recent Nigerian economic position‚ there has been a great divergence between the rate at which money is supplied and the exact impact it has on the general price level‚ which results in inflation and deflation on one hand‚ and the output growth (productivity) on the other hand. Although‚ it had occurred to our mind that Nigerian
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Using present value to value bonds A bond‚ from the perspective of the person issuing the bond is a form of long term debt. In the hands of the person who has acquired the bond it is an asset. The agency issuing the bond agrees to pay a fixed sum of money to the holder of the bond for a period of years and then‚ at the end of that period‚ to pay back the face value of the bond. Bonds can be issued by a variety of agencies/companies: 1. Municipal bonds: issued by cities‚ states and
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Examine the implications for an economy of a rising exchange rate FT 23 8 11 p16 Exchange rate kills Australian steel exports FT 7 9 11 p4 Bold move seen as high risk (Swiss max exchange rate)) FT 9 9 11 p32 Hong Kong faces dilemma over its peg to the dollar Financial Update 11/12 see Brazil‚ Australia‚ Switzerland and Japan Introduction Whilst popular opinion centres on the assumption that rising exchange rate has mostly positive effects on the economy‚ the impacts are both diverse
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made up of three government branches. The legislative branch creates the law. The legislative branch is made up of United States Congress‚ Senate‚ and House of Representatives. The executive branch carries out or enforces the law. The executive branches made up of the President‚ Vice President‚ and President’s cabinet. The judicial branch judge interprets the law. The judicial branch is made up of the United States Supreme Courts and other federal courts. The American government is set up this way
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plan‚ a statewide government based on the population. “The federalists supported the constitution and preferred a strong national government‚” (pg. 57). The Anti-Federalists supported the New Jersey plan‚ where each state gets the same amount of representation. “The Anti-Federalist opposed the constitution and preferred a decentralized federal government; they took their name by default‚ in reaction to their better –organized opponents‚” (pg. 57). Both parties agreed that government should be limited
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EFFECT OF INTEREST RATE ON INVESTMENT DETERMINATION IN NIGERIA (1970-2008) ABSTRACT This study examines the effect of interest rate on investment determination in Nigeria. The study is necessitated by the fact that the behavior of interest rates to a large extent determines investment activities and economic growth of any country. Investment decision is seen as demand for credit in an economy and this study calculated the annual variance of interest rate and its effects on investment determination
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