OF ARTS AND SOCIAL SCIENCES DEPARTMENT OF ECONOMICS AND STATISTICS COURSE UNIT: EC223 MONEY AND BANKING DATE OF SUBMISSION: NAME: KALULE RICHARD REG NO: 10/U/66/BEK/GV SIGNATURE Money can be defined as any thing that is generally acceptable as a medium of exchange. It can also be defined as a third commodity that is introduced between two other commodities to facilitate exchange. Money can therefore be looked at as an instrument that helps in fulfillment of contracts, discharge
Words: 4383 - Pages: 18
can easily read news online. Roberts Media Plc’s readership is fallen by 12% and if they continue to work with print format they may struggle in future and even make a loss , as consumers are switching, plus their another research showed that the market value of the UK women's print magazine is predicted to fall from £450m in 2013 to £380m by 2015, which is another reason to move from print to digital format. Furthermore RM’s (Roberts Media) rivals already launching digital magazines in 6 months
Words: 825 - Pages: 4
Entrepreneurship is a gamble; a risk and it can be very expensive. It takes a lot of time, energy, and money to planning, creating, and launching one’s own business. It is easy to sit at your desk, at your mundane job, where you receive a steady paycheck and daydream of your own business. Dream of how one day you’re going to tell your boss that you have had enough and start something that is yours. You start to take that dream and turn it into a reality. All dreams are not successful unfortunately
Words: 703 - Pages: 3
Money - Medium of exchange - an object that is generally used in exchange for goods and services. If it didn't exist we would need to barter. - Unit of account - an agreed measure for stating the prices of goods and services. - Store of value - money can be held for a time and used later in exchange for goods and services. The importance of money in any economy can be seen from the role it plays: 1. Money acts as a medium of exchange. It allows society to make unlimited exchanges
Words: 1071 - Pages: 5
the role of money in a financial system. • Money is a financial asset that facilitates financial and economic transactions. • Money is a medium of exchange—swapped for goods and services. • Money is a store of value—wealth is held or measured in money terms. • Money is a standard of deferred payment—used to record indebtedness. • Money is a unit of account—transactions are priced in money terms. • Currency is generally divisible, portable and durable. (b) Does money have to be
Words: 1149 - Pages: 5
it can be resolved. Sovereign risk is the risk of lending money to the government with the risk of not being able to repay the obligation. There is always a risk in lending but the previous debt crisis and the crisis that is occurring in Europe plays a role in whether financial institutes want to lend to governments. The sovereign risk is important in international lending because many countries borrow money and are unable to pay the money back. Greece is an example of a sovereign risk. Greece wanted
Words: 2761 - Pages: 12
to mortgage their slaves and buy stock in the C.A.P.L. (245). By owning stock in the company, these planters were allowed to borrow bank notes “of up to half the value of the mortgaged property” (246). These slave holders were then able to use this money to re-invest in their own plantations, such as buying more slaves, a cotton gin, etc., which furthered the cotton industry. But how did the C.A.P.L. essentially securitize these mortgages from the planters? The C.A.P.L. sold bonds “on the financial
Words: 1136 - Pages: 5
Examples: unemployment rate, quits rate, housing starts, Consumer Price Index (a measure for inflation), Consumer Leverage Ratio, industrial production, bankruptcies, Gross Domestic Product, broadband internet penetration, retail sales, stock market prices, money supply changes. Three Attributes of Economic Indicators 1. Relation to the Business Cycle / Economy Economic Indicators can have one of three different relationships to the economy: 1. Procyclic: A procyclic (or procyclical)
Words: 1860 - Pages: 8
Bitcoin Bitcoins were created in 2009 as a cryptocurrency, with the intention of making an electronic peer-to-peer system of payment with cryptographic proof (McMillan & Metz n.p). Peer-to-peer systems mean that no central authority regulates new money or tracks new transactions. Numerous features make this system different from payment systems such as M-Pesa or PayPal. First, this system supposedly eliminates the need for any financial intermediary such as banks or credit companies to handle payments
Words: 1838 - Pages: 8
1 of 9 Economics 310 Money and Banking Practice Midterm Exam Winter 2008 The actual midterm will involve only 25 multiple choice questions, to be completed in 80 minutes. No calculators, no cell phones, no personal digital media players or any other electronic equipment should be visible or in use during the exam. Each question will score 4 points if correct, 1 point if unanswered and 0 points if incorrect. This means that your final exam score will lie between 0 and 100, but that you can score
Words: 2566 - Pages: 11
