The Foreign Exchange Management Act (1999) or in short FEMA has been introduced as a replacement for earlier Foreign Exchange Regulation Act (FERA). FEMA became an act on the 1st day of June‚ 2000. FEMA was introduced because the FERA didn’t fit in with post-liberalisation policies. A significant change that the FEMA brought with it‚ was that it made all offenses regarding foreign exchange civil offenses‚ as opposed to criminal offenses as dictated by FERA. The main objective behind the Foreign
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major players in the foreign exchange arena are commercial banks ‚investment banks‚central banks‚trading instituitions ‚hedge funds‚corporations‚high net worth individuals and individual investor . Commercial and investment banks are the natural players in foreign exchange.Foreign exchange has the perfect characteristics for banks.It is profitable‚the spot market provides limited credit exposure ‚the forward market What is FOREX? The Foreign Exchange market‚ also referred to as the "FOREX"
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question: ‘How does the size of an element affect the stability?’ What are superheavy elements? The scientific term ‘superheavy’ means elements that have an atomic number that is heavier than‚ element 101‚ which is Rutherfordium. As they suffer from radioactive decay when exposed to lighter elements‚ they are not naturally occurring. Meaning‚ scientists can only artificially make them in laboratories. [1][3] Explanation- How does the size of an element affect the stability? What does the term ‘stable’
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and the World Bank I. Introduction It is no doubt that the International Monetary Fund (IMF) and the World Bank have been playing an essential role in fostering economic stability and global growth for a long period of time. For the common good‚ they share the same goal of raising living standards for their member countries. And for that reason‚ there have been some people having difficulties in differentiate one from another. As a matter of fact‚ both the IMF and the World Bank are institutions
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| Foreign Exchange Market | Its Functions And Structure | | | | The term market has been interpreted in Economics as the place where both the buyers as well as the sellers meet and they buy and or sell goods. The foreign exchange market is a place where the transactions in foreign exchange are conducted. In practical world the external transaction requires the use of foreign purchasing power i.e. foreign currency. The foreign exchange market facilitates such transactions by
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and not judging anyone. What is unfair dismissal? o Involves terminating an employee’s contract on the basis of genuine grounds‚ such as misuse of property or a down turn in business. Examples of business that practice ethically o National Australia Bank: Customer service is very good and gets back to the customers very quickly o ANZ Good ethical finance practices o Westpac Group: Random generated number security Unethical practices: o Wal-Mart Women discrimination Laws that relate to unfair
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of The Guardian seems to evenhandedly evaluate Richard Dawkins‚one of the top thinkers of current world. As a professor of "public understanding of science" at Oxford‚ evolutionary biologist Richard Dawkins shifted his intellectual emphasis to more of a preacher of "Reasons" that‚according to Dawkins‚are almost exclusively yields of science than clarifying the biological way of understanding the world around us. As a self-professed victorian in an imaginary war between cultures‚ Dawkins claims that
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which technological progress has been exceptionally rapid‚ and economic growth unprecedented (figure 1.1). It is only in the last 50 years that mainstream economics has focused on the determinants of Adam Smith’s “natural progress of opulence” and on how growth could be accelerated. Many questions about growth still lack satisfactory answers.Yet few issues are more important for the world’s future than the ability of developing countries to raise both productivity and the rate at which they accumulate
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The Future of the Foreign Exchange Market Abstract This paper addresses the future of the foreign exchange market using two organizing(and provocative) ideas. One pertains to the market’s institutional structurthe other to its information structure. The first organizing idea is that thestructure of currency markets is driven primarily by the management of credit risk. This contrasts with drivers identified by microstructure theory (such as management of market risk‚ attenuation of asymmetric
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The World Bank is currently advising newly industrialized countries on how to encourage growth and they have asked for your help. Using the Internet‚ library and/or other resources‚ research and briefly explain 2–3 methods currently being used to encourage economic growth for the typical firm in Hong Kong and for the typical firm in Singapore.Which of these methods of encouraging growth would you suggest for the typical company in Hong Kong and Singapore? Explain the rationale for your choice.
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