Finance Discussions

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DISCUSSIONS
Week1-1 In your opinion, discuss whether the world of finance is too difficult for the average person to understand. * From the e-Activity, choose the reason that you believe had the greatest influence toward the 2007-09 financial crisis and explain why. The textbook addresses several issues as well. finance can be a complex subject, but whether it is too difficult to understand that is a different story. I believe in life that nothing can be to hard or too difficult to do, like some people say ‘‘life is only what you make it into ‘‘, and I apply that to everything, so something is hard or difficult only if you think it is and at the time it is easy if you think it is, so maybe finance is to hard for most people to understand but it does not have to be. Week1-2 "Money Supply" Please respond to the following:

* Compare and contrast the different views on the relationship between money supply and economic activity. Economic activity is spending money and money supply is all forms of money that can purchase goods. Economic activity depends on the money supply for without it the economy shrinks instead of growing. This is what we are dealing with today. People who have jobs are spending wisely, saving as much as possible, and going without. Businesses and employees see it every day. They see less and less business and they see less and less of their employees/coworkers. The businesses that are booming are selling things that some people act like they can’t live without, like Apple. You also have people shopping around and looking for the best deals out there. I know people who are doing things like growing vegetables which are stopping them from spending their money at markets. I work at a car rental place and although we are doing much better in business than we were years ago I have the opportunity to talk to customers and them WEEK2-1"Banks and Other Financial Institutions" Please respond to the following: * From the first e-Activity, identify the two institutions you researched. Discuss how they are similar and how they differ. Then, summarize what this says about financial institutions today.

The two institutions I researched was my credit union Philadelphia Federal Credit Union, and Bank of America. They are both similar in many ways. Checks can be deposited into both, they both can have a checking, and savings account connected and they both offer auto, and home loans. They differ because the credit union is a non for profit organization which allows its members to get higher interest rates on their savings accounts, and lower interest rates on loans and credit cards. Also credit unions are run by its members vs. Bank of America which its stockholders run. The downfall about my credit union is there are not that many locations, luckily I have one near my house, and a couple that are in the city from where I live.

Explain how the savings and loan crisis of the 1980s could have been avoided. WEEK2-2 "The Federal Reserve System" Please respond to the following: * Imagine what the financial world would like look in both the U.S. and in the world if the Federal Reserve did not exist. I don’t think the world would be a bad place if the Federal Reserve did not exist. The world or the US particularly wouldn’t have to worry about being in debt. They wouldn’t have to worry about creating more money that is going to put us father in debt. I do not believe the Federal Reserve is here to help us, it is not a government agency and it can decide to loan money to anyone, which just the world debt keeps raising higher and higher. WEEK3-1 "Economic Policy" Please respond to the following:

* From your knowledge of current events, discuss what you see to be the most important economic policy of today. State your rationale for choosing this economic policy.

I think the most important economic policy today is unemployment. Everyone has their opinion about why the unemployment rate is drastically...
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