CHAPTER 2 SUMMARIZED NOTES A) THE EVOLUTION OF INTERNATIONAL MONETARY SYSTEM 1) THE CLASSICAL GOLD STANDARD ERA (1870-1914) Characteristics: All currencies are valued in terms of their gold equivalent and thus all currencies are linked together. Eg: 1 ounce of gold = $20.67 1 ounce of gold = £4.25 so 1£ = (20.67 /4.25) = $4.87 Money has a value fixed in terms of commodity gold. Since gold is costly to produce‚ governments could not easily increase their
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Non-repudiation It refers to one of the properties of cryptographic digital signatures that offer the possibility of proving whether a particular message has been digitally signed by the holder of a particular digital signature’s private key. A digital signature owner‚ who may like to deny a transaction maliciously‚ may always claim that his or her digital signature key was stolen by someone and that someone actually signed the digital transaction in question‚ thus not accepting/denying the transaction
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Chronicle Of An American Execution “ Chronicle Of An American Execution”‚ written by Dan Barry‚ is a very powerful and descriptive writing which illustrates an cruel execution by electrocution that took place in the state of Tennessee in 2007. Third person narrative‚ imagery and word choice are the three techniques Dan skillfully uses throughout his essay as a result to create strong and unforgettable impressions and pictures in the reader’s minds; These rhetorical devices not only lively
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International Accounting – Case #1 Question 1: There a different ways for Roy Weber to export a local culture of ownership. He could do so by paying his employees in China the same way he pays his employees in Silicon Valley‚ meaning that their payment would consist of salary and a percentage of stock ownership depending on their position in the company. With employee ownership he motivates the workers to work hard and responsible because their own success depends on the success of the company
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ITU Southern and East Africa Workshop on the use of Telecommunications/ICT for Disaster Management: Savings Lives Lusaka‚ Zambia‚ 17-18 July 2008 Role of Telecommunications and ICTs in Disaster Management Jacob Munodawafa Executive Secretary July 2008 Copyright 2008 © SATA Secretariat‚ All Rights Reserved 1 Overview of Association of Telecom Operators & ICTs Players in the SADC (Southern African Development Community‚ which is an economic grouping of 14 Member States)
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RBA‚ there are three main types of financial system in Australia. They are; authorized deposit taking institutes (ADIs)‚ non-authorized deposit taking institutes‚ insurers and fund managers. Where else‚ UK’s main financial institutions are classified into deposit taking institutes (ADIs) and non-deposit taking institutions (NTDIs). Non-Deposit Taking Institutions (NDTI) Non deposit taking institutions are financial intermediaries that are not permitted to accept deposits but they are enable to
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business world and other real world issues. 1.2 Outcomes The main outcome expected of this course is to help students acquire a basic understanding of the core concepts of modern macroeconomics‚ including economic growth‚ business cycles‚ money‚ monetary policy‚ fiscal policy‚ and exchange rate. Students will apply these concepts to examples from their real life and the business world. 2 Textbook R. Glenn Hubbard & Anthony P. O’Brien. Macroeconomics. PEARSON. 3 Assessment Students are
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A hospital’s decision to only hire non-smokers affects almost everyone. It disturbs potential hires‚ the company‚ customers and family members. By riding smokers from the workplace‚ a company is riding talent which is highly needed in a hospital. Not only does this discriminate a potential employee‚ but it causes the company to suffer. Having a no smoking policy would give the organization a bad reputation. Obviously‚ smokers would not want to apply‚ but nonsmokers may not want to work for the company
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banks have to keep with the RBI. * It is a central bank regulation that sets the minimum fraction of customer deposits and notes that each commercial bank must hold as reserves with the RBI. * Cash Reserve Ratio is also used as a tool in monetary policy by changing the amount of funds available for banks to make loans with. * Effects on money supply: If the reserve requirement set by the RBI is high‚ the amount of funds with the commercial banks to loan out would be low thereby leading
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find themselves as an outsider find that they are non-conformists‚ one who does not conform to‚ or refuses to be bound by‚ accepted beliefs‚ customs‚ or practices. Those who do conform to this way of life are the outcasts; they feel alienated and displaced as they reject the dominant paradigm. To be a conformist a person who uncritically or habitually conforms to the customs‚ rules‚ or styles of a group is to be part of an accepted code. To be a non-conformist in a changing society is to be given
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