Free Essays on Money And Banking

Money and Banking Money: Term that actually refers to two concepts: the abstract unit of account in terms of which the value of goods, services, and obligations can be compared; and anything that is widely established as a means of payment. Frequently the standard of value also serves as a medium of exchange, but that is not always the case. The role of money in the society: A first definition of money is to define money as the mean of exchange between individuals. In a capitalist economy, this is a too simple definition. The fundamental purpose of money is a way to distribute the ownership in the society. And, by a consequence, money is also used as a mean of exchange. Furthermore, it should be analyzed that money is also a social instrument which help to coordinate social relation between individuals. Functions of Money: ? Specific functions (mostly micro-economic) Æ’Ã § Unit of account (abstract) Æ’Ã § Common measure of value (abstract) Æ’Ã § Medium of exchange (concrete) Æ’Ã § Means of payment (concrete) Æ’Ã § Standard for deferred payments (abstract) Æ’Ã § Store of value (concrete) ? General functions (mostly macro-economic and abstract) Æ’Ã § Liquid asset Æ’Ã § Framework of the market allocative system (prices) Æ’Ã § A causative factor in the economy Æ’Ã § Controller of the economy Properties or Characteristics of Money: Any item which is going to serve as money must be: acceptable to people as payment scarce and in controlled supply stable and able to keep its value divisible without any loss of value portable and not too heavy to carry Banking: Banks are financial institutions that accept deposits from citizens and pay interest in return. Banks are not all service institutions, most operate in order to make a profit. Even if they are a non profit they do have to make money in their operation in order to pay expenses. Functions of Ba... Free Essays on Money And Banking Free Essays on Money And Banking Money and Banking Money: Term that actually refers to two concepts: the abstract unit of account in terms of which the value of goods, services, and obligations can be compared; and anything that is widely established as a means of payment. Frequently the standard of value also serves as a medium of exchange, but that is not always the case. The role of money in the society: A first definition of money is to define money as the mean of exchange between individuals. In a capitalist economy, this is a too simple definition. The fundamental purpose of money is a way to distribute the ownership in the society. And, by a consequence, money is also used as a mean of exchange. Furthermore, it should be analyzed that money is also a social instrument which help to coordinate social relation between individuals. Functions of Money: ? Specific functions (mostly micro-economic) Æ’Ã § Unit of account (abstract) Æ’Ã § Common measure of value (abstract) Æ’Ã § Medium of exchange (concrete) Æ’Ã § Means of payment (concrete) Æ’Ã § Standard for deferred payments (abstract) Æ’Ã § Store of value (concrete) ? General functions (mostly macro-economic and abstract) Æ’Ã § Liquid asset Æ’Ã § Framework of the market allocative system (prices) Æ’Ã § A causative factor in the economy Æ’Ã § Controller of the economy Properties or Characteristics of Money: Any item which is going to serve as money must be: acceptable to people as payment scarce and in controlled supply stable and able to keep its value divisible without any loss of value portable and not too heavy to carry Banking: Banks are financial institutions that accept deposits from citizens and pay interest in return. Banks are not all service institutions, most operate in order to make a profit. Even if they are a non profit they do have to make money in their operation in order to pay expenses. Functions of Ba...

Socrates Paradoxes essays

Socrates Paradoxes essays The three paradoxes that Socrates wrote are now in textbooks where I they should stay. The paradoxes were written many years ago, and since society and human kind have changed greatly. I personally disagree with three paradoxes. The first paradox Socrates wrote,  ³No one knowingly commits evil because virtue is knowledge, ² the second is,  ³No one commits evil because no one deserves evil, ² and the final paradox Socrates is  ³It is better to be treated unjustly than it is to be The first paradox,  ³No one knowingly commits evil because virtue is knowledge, ² should be out of play. What does out of play mean? Even people know the consequences they willingly continue to do wrongful For example, people use drugs, and disobey speed limits even though know jail time, court fees, and probation are possible consequences for actions. Virtues, like many other things must be taught to individuals. no one teaches virtues to people, no on can be expected to demonstrate I have to disagree Socrates second paradox,  ³No one willingly evil because no one deserves evil. ² Once again, people commit evil without considering the potential damage they may cause another person. Every day a  ³white lie ² is told to a teacher, a parent or a spouse. thought the intent of a white lie is usually to spare an individual ¹s feelings, it is still an act of evil. People also do things in their favor What does favor mean? Ã…  .benefitÃ…   For example, people commit adultery even thought their actions are considered to be evil. This is an act of self-satisfaction. Generally, people will do whatever they want, especially if it benefits the I have to disagree with Socrates the third paradox,  ³It is better to treated unjustly than it is to be unjus ...

Major General Horatio Wright in the Civil War

Major General Horatio Wright in the Civil War Horatio Wright - Early Life Career: Born at Clinton, CT on March 6, 1820, Horatio Gouverneur Wright was the son of Edward and Nancy Wright.   Initially educated in Vermont at former West Point Superintendent Alden Partridges military academy, Wright later gained an appointment to West Point in 1837.   Entering the academy, his classmates included John F. Reynolds, Don Carlos Buell, Nathaniel Lyon, and Richard Garnett.   A gifted student, Wright graduated ranked second of fifty-two in the class of 1841.   Receiving a commission in the Corps of Engineers, he remained at West Point as an assistant to the Board of Engineers and later as an instructor of French and engineering.   While there, he married Louisa Marcella Bradford of Culpeper, VA on August 11, 1842.   In 1846, with the Mexican-American War beginning, Wright received orders that directed him to aid in making harbor improvements at St. Augustine, FL.   Later working on the defenses at Key West, he spent most of the next decade engaged on various engineering projects.   Promoted to captain on July 1, 1855, Wright reported to Washington, DC where he acted as an assistant to Chief of Engineers Colonel Joseph Totten.   As sectional tensions increased after the election of President Abraham Lincoln in 1860, Wright was dispatched south to Norfolk the following April.   With the Confederate attack on Fort Sumter and beginning of the Civil War in April 1861, he unsuccessfully attempted to implement the destruction of the Gosport Navy Yard.   Captured in the process, Wright was released four days later. Horatio Wright - Early Days of the Civil War: Returning to Washington, Wright aided in the design and construction of fortifications around the capital until being posted to serve as chief engineer of Major General Samuel P. Heintzelmans 3rd Division.   Continuing to work on area fortifications from May to July, he then marched with Heintzelmans division in Brigadier General Irvin McDowells army against Manassas.   On July 21, Wright assisted his commander during the Union defeat at the First Battle of Bull Run.   A month later he received a promotion to major and on September 14 was elevated to brigadier general of volunteers.   Two months later, Wright led a brigade during Major General Thomas Sherman and Flag Officer Samuel F. Du Ponts successful capture of Port Royal, SC.   Having gained experience in combined army-navy operations, he continued in this role during operations against St. Augustine and Jacksonville in March 1862.   Moving to division command, Wright led part of Major General David Hunters army duri ng the Union defeat at the Battle of Secessionville (SC) on June 16. Horatio Wright - Department of the Ohio: In August 1862, Wright received a promotion to major general and command of the newly re-formed Department of the Ohio.   Establishing his headquarters at Cincinnati, he supported his classmate Buell during the campaign that culminated with the Battle of Perryville that October.   On March 12, 1863, Lincoln was forced to rescind Wrights promotion to major general as it had not been confirmed by the Senate.   Reduced to brigadier general, he lacked the rank to command a department and his post passed to Major General Ambrose Burnside.   After commanding the District of Louisville for a month, he transferred to Major General Joseph Hookers Army of the Potomac.   Arriving in May, Wright obtained command of the 1st Division in Major General John Sedgwicks VI Corps. Horatio Wright - In the East: Marching north with the army in pursuit of General Robert E. Lees Army of North Virginia, Wrights men were present at the Battle of Gettysburg in July but remained in a reserve position.   That fall, he played an active role in the Bristoe and Mine Run Campaigns.   For his performance in the former, Wright earned a brevet promotion to lieutenant colonel in the regular army.   Retaining command of his division following the reorganization of the army in the spring of 1864, Wright moved south in May as Lieutenant General Ulysses S. Grant advanced against Lee.   After leading his division during the Battle of the Wilderness, Wright assumed command of VI Corps when Sedgwick was killed on May 9 during the opening actions of the Battle of Spotsylvania Court House.   Quickly promoted to major general, this action was confirmed by the Senate on May 12. Settling into corps command, Wrights men participated in the Union defeat at Cold Harbor at the end of May.   Crossing the James River, Grant moved the army against Petersburg.   As Union and Confederate forces engaged north and east of the city, VI Corps received orders to move north to aid in defending Washington from Lieutenant General Jubal A. Earlys forces which had advanced down the Shenandoah Valley and won a victory at Monocacy.   Arriving on July 11, Wrights corps was quickly moved into the Washington defenses at Fort Stevens and aided in repelling Early.   During the fighting, Lincoln visited Wrights lines before being moved to a more protected location.   As the enemy withdrew on July 12, Wrights men mounted a brief pursuit. Horatio Wright - Shenandoah Valley Final Campaigns: To deal with Early, Grant formed the Army of the Shenandoah in August under Major General Philip H. Sheridan.   Attached to this command, Wrights VI Corps played key roles in the victories at Third Winchester, Fishers Hill, and Cedar Creek.   At Cedar Creek, Wright held command of the field for the early phases of the battle until Sheridan arrived from a meeting at Winchester.   Though Earlys command was effectively destroyed, VI Corps remained in the region until December when it moved back to the trenches at Petersburg.   In the line through the winter, VI Corps attacked Lieutenant General A.P. Hills men on April 2 when Grant mounted a massive offensive against the city.   Breaking through the  Boydton Line, VI Corps achieved some of the first penetrations of the enemys defenses.   Ã‚      Pursuing Lees retreating army west after the fall of Petersburg, Wright and VI Corps again came under the direction of Sheridan.   On April 6, VI Corps played a key role in the victory at Saylers Creek which also saw Union forces capture Lieutenant General Richard Ewell.   Pressing west, Wright and his men were present when Lee finally surrendered three days later at Appomattox.   With the war ending, Wright received orders in June to take command of the Department of Texas.   Remaining until August 1866, he then left volunteer service the following month and reverted to his peacetime rank of lieutenant colonel in the engineers. Horatio Wright - Later Life: Serving in the engineers for the remainder of his career, Wright received a promotion to colonel in March 1879.   Later that year, he was appointed Chief of Engineers with the rank of brigadier general and succeeded Brigadier General Andrew A. Humphreys.   Involved in high-profile projects such as the Washington Monument and Brooklyn Bridge, Wright held the post until his retirement on March 6, 1884.   Living in Washington, he died on July 2, 1899.   His remains were buried at Arlington National Cemetery beneath an obelisk erected by veterans of VI Corps.           Ã‚     Ã‚   Selected Sources: NPS: Horatio WrightCivil War Trust: Horatio WrightOhio Civil War: Horatio Wright

Philosophy paper Essay Example | Topics and Well Written Essays - 1500 words

Philosophy paper - Essay Example Rousseau is of the view that general will is the sum of differences of specific individual interests. It is in the best interest of everyone e.g. personal interests are often benefited at the expense of other people’s collective interests. Therefore if this individuality is cancelled out entirely then all citizens within a society can enjoy freedom. By subjugating our desires for the betterment of nation, voluntarily embracing the society’s administration as our own, freedom can be achieved which will make us more rational and moral (Rousseau 26). Under the social contract, Rousseau is in favour of alienated totality of all rights within the society. By exchanging innate freedom with civil independence we are able to maintain equality between all members of society. When the community rights surpass individual rights a sovereign state comes into being. â€Å"Finally, each man, in giving himself to all, gives himself to nobody: and as there is no associate over which he does not acquire the same right as he yields others over himself, he gains an equivalent for everything he loses, and an increase of force for the preservation of what he has† (Rousseau 24). In his book, the social contract Rousseau envisages sovereign as a collective effort of all citizens. Through continued collaboration they form the state principles and general will for common good. According to him the government and sovereign are in constant friction that may result in a diminishing society but healthy nations never give up and last for ages to come e.g. the Roman realm. Everyone is free to practise their own beliefs in privacy but a public religion established by the state is preferred that favors active citizenship. In his ideology citizens are not forced but motivated to affirm to the community for their own mutual interest. His main aim is to seek how freedom can develop in a civil society in

VISIT TO A TEMPLE OR A SYNAGOGUE Essay Example | Topics and Well Written Essays - 500 words

VISIT TO A TEMPLE OR A SYNAGOGUE - Essay Example Also, I knew that Muslims are allowed kosher meat if halal is not available, so I was interested to find out what it meant to be kosher. In Islam, we don't eat pigs, and animals must be slaughtered with a sharp knife by a cut to the throat. Also, any adult Muslim can butcher an animal, as long as they pray to Allah facing Mecca beforehand. Rabbi Winoku explained Jews don't eat pork, either, but they have a different way of determining what meat is clean. Islam forbids dead meat, blood, and the flesh of swine. Jews eat only land animals with a split hoof that chew their cud, and birds that are not scavengers, and fish that have fins and scales. One thing that is the same is that Jews use a very sharp knife and cut across the animal's throat to keep it from feeling pain. But one thing that is different is that, although the Jewish slaughterer must be a holy man, Jews do not require that he pray before killing an animal. I wonder how it is possible for kosher meat to be halal, but that is a question for another day (and another religious leader!). Also Jews do not mix milk and meat at all, so that Jews can't eat something like a cheeseburger. I knew that the Jewish holy day is Saturday, not Friday as it is for Muslims, and the holiday starts the night before.

Identifying, Stating, and Addressing Research Problems Essay

Identifying, Stating, and Addressing Research Problems - Essay Example A foremost flaw of â€Å"polygraph research† is the nonappearance of a self-governing decisive factor for setting up deception. As per a study, as well as lots of other experts relies on the assessor, who analyzes the polygraph to extort an assertion, which is then further utilized to corroborate the effectiveness of that course of action. Such non-independence unnecessarily puzzles research findings on â€Å"polygraph techniques.† We have exercised dual techniques to collect loads of polygraph investigations for the purpose of evaluation. (Rogers, 2008) Research methodology adapted for the assessment of â€Å"dishonesty and deception† increasingly has been standardized. Despite its obvious benefits, this standardization carries its own risk, that is to say, an unnecessary narrowing of research methods and a disinclination to explore alternative approaches. Via utilizing a huge sample â€Å"N = 1,424† of â€Å"military recruits, simulators and coached simulators† evidently enhanced their scores over controls on objective behavior scales concerning to â€Å"emotional adjustment, work orientation, and non-delinquency.† â€Å"Zickar and Robie† assessed and discovered an outsized gap of disparities that were steady with the â€Å"changing persons† mold of faking. It was also analyzed that items functioned in a different way on both thing i.e. â€Å"DIF and DTF levels.† They also observed about the susceptibility of items and scales to defensiveness. (Zickar, 1999) â€Å"Stark† proposed that â€Å"IRT† is the technique of selection for testing the impacts of precise responses styles on test scales as the technique of â€Å"IRT† goes further than mean divergence in probing â€Å"trait distributions.† (Stark, 2001) Post advanced investigations Stark et al discovered the extensive differences via both discrepancy prevalence i.e. â€Å"applicants vs. non-applicants† and â€Å"bootstrapping† {high vs. low on

Conclusion Essay Example | Topics and Well Written Essays - 250 words - 9

Conclusion - Essay Example The high quality of products and excellent customer friendly services make Cafà © very attractive place to relax. There is effective communication across the workforce which has promoted greater understanding across the diverse workforce (Mullins, 2010). Indeed, if the management continues to engage its employees meaningfully and promotes participatory approach that inculcates strong sense of shared values, it would become the best coffee shop of the town. Cafà © Bleu enjoys excellent location near the University of Miami which could be exploited in many ways. As most of its employees are young students, Cafà © could offer the student community with part time jobs to meet the challenges of its growing clientele and popularity. The management can also look out for new ideas from the University students who come here for a cup of coffee. Growth and innovative thinking go hand in hand (Meyer at al., 2007). Indeed, it could be the key management strategy to enhance the appeal of the Cafà © for students and people in