beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Investing involves the risk of loss as well as the possibility of profit. All
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The Evolution of Money In separate places, under different cultures, all over the world, the concept of a "medium of exchange" grew. People noticed that some goods were easier to trade than others. And people also noticed that these "more tradeable goods" had similar properties: * They were durable * They were easily divisible into larger or smaller amounts. * They were comparatively scarce, procuring them required effort. * They were "homogeneous". Every item of the commodity was
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You don't have to use any sign. Present value and Future value can be calculated from common sense. Simple Interest: FV = PV*(1+r*t) where r=rate of interest per annum and t=number of years. Compound Interest: FV =PV*(1+r)^t , where r=rate of interest per annum , t=number of years. PV in both the cases can be calculated by deviding FV with the other part in the right hand side.That is (1+r*t) in case of simple interest and (1+r)^t in case of compounding interest.The examples in the text
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Week 6 Checkpoint The use of money acts as a unit of account given the amount of wealth a person has. When money acts as a unit of account given, then it can be defined as a group of similar prices that can be accepted and recognized by all people. The standard of living cannot be determined by the value of the dollar due to inflation, we need to take into consideration the factual numbers of the output of goods and services that are produced. Determining the economy’s skillfulness and willfulness
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The Finance & Accumulation Protocol to achieve financial independence -The Basics of Money and its accumulation- "You will never achieve wealth in spending money, wealth can only be achieved in saving money." -Helmut Ament- Why do we Fail with Money? We fail with Money and we don’t build wealth and financial security because we make a few key, consistent errors. These are common errors that are caused by our mental “hard-‐wiring” and our inability to calculate the long-term
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Chap1 Glossary (See related pages) | | | Central bank | The financial institution that manages the government's finances, controls the availability of money and credit in the economy, and serves as the bank to commercial banks. | | | | European Central Bank (ECB) | The central authority, located in Frankfurt, Germany, which oversees monetary policy in the common currency area. | | | | Federal Reserve System | The central bank responsible for monetary policy
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Sanchez, Daizel Anne S. PROF. R. MANALO BSA II-2 CHAPTER 1 THE DEVELOPMENT OF MONEY Multiple Choices 1. The rule in the primitive society a. individualism b. barter economy c. legal tender d. social interaction 2. Gave rise to the institution of social contract, wherein man took care not only of himself but of an entire family whose needs he had to meet a. money b. social interaction c. utility d. coin 3. The direct exchange of one commodity for another
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legal tender. If the face value of a coin were not greater than its intrinsic (metallic) value, people would remove coins from circulation and sell them for their metallic content. M2 = M1 + noncheckable savings deposits + money market deposit accounts + small time deposits + money market mutual fund balances. M3 = M2 + large time deposits (those of $100,000 or more). Near-monies are components of M2 and M3 not included in M1. M3 is distinguished from M2 by large time deposits (certificates of
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traded options expire on the Saturday following the third Friday of the month. • Open Interest: The total number of contracts of a particular option that have been written • At-the-money: Describes an option whose exercise price is equal to the current stock price • In-the-money: Describes an option whose value if immediately exercised would be
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Construct a cash budget and use it to monitor and control spending. 6. Apply time value of money concepts to put a monetary value on financial goals. 3 FIN4901EF.Unit 2 Table of Content • The role of financial statements in financial planning • Personal balance sheet: assets, liabilities and net worth • Personal income and expense statement • The budgeting process • Tracking financial progress: ratio analysis • Time value of money 4 FIN4901EF.Unit 2 The Role of Financial Statements in Financial Planning
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