i ACFI 2005 : Finance - Tutorial Solutions Tute 1: 07/09/12 Chapter 1 A modern financial system: an overview 2. (a) Discuss the role of money in a financial system. • Money is a financial asset that facilitates financial and economic transactions. • Money is a medium of exchange—swapped for goods and services. • Money is a store of value—wealth is held or measured in money terms. • Money is a standard of deferred payment—used to record indebtedness. • Money is a unit
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Securities, Commodities, and Financial Services Sales Agents Significant Points • Most positions require a bachelor’s degree in busi- • Applicants face keen competition for jobs, especially • Turnover is high for newcomers, but those who are successful have a very strong attachment to their occupation because of high earnings and considerable investment in training. in investment banks. ness, finance, accounting, or economics; a master’s degree in business
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DFI 503 FINANCIAL INSTITUTIONS AND MARKETS COURSE FACILI TATION MATERIAL COMPILED BY ANGELA M. KITHINJI UNIVERSITY OF NAIROBI UNIVERSITY OF NAIROBI SCHOOL OF BUSINESS DFI 503: FINANCIAL INSTITUTIONS & MARKETS COURSE OUTLINE COURSE FACILITATOR MRS KITHINJI [Financial Markets, Financial Institutions, the Power of Information, and Financial Policies] WEEK 1. An Overview of Financial Institutions and Markets • The Financial System of an Economy • The Structure
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Part 3 Fundamentals of Financial Institutions Chapter 7 Why Do Financial Institutions Exist? Chapter Preview A vibrant economy requires a financial system that moves funds from savers to borrowers. But how does it ensure that your hard-earned dollars are used by those with the best productive investment opportunities? Copyright ©2015 Pearson Education, Inc. All rights reserved. 7-3 Chapter Preview In this chapter, we take a closer look at why financial institutions exist and how they promote
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Current financial crisis and banking industry Institute of affiliation Name Current Financial Crisis and Banking Industry The current financial crisis traces its origin in the United States of America, which has affected many banks worldwide. This financial crisis especially in commercial banks has been very costly and has led to bankruptcy of major banks around the globe. Reinhart etal. (2011) described the financial crisis as an equal opportunity menace, which
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CHAPTER 1 REVIEW MONEY, BANKING AND FINANCIAL MARKETS STEPHEN CECHETTI The Six Parts of a Financial System 1. Money Money is the start of the financial system and the means for making purchases. Accumulating money is a determining factor in defining wealth. Those who store more money are wealthier than those who do not. The consistency of money has a tendency to morph based on changes in the financial system and technology. 2. Financial Instruments Financial instruments are also known as securities
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Current financial statements of financial institutions are combinations of values derived from fair-value, cost-basis, depreciation, amortisation, impairment and other accounting standards. During the past two decades, there has been considerable interest in the reporting by financial institutions of the fair values of their financial instruments either as complements or substitutes for historical book value. The generally accepted accounting definition of “fair value” is based on the rule FASB Statement
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How Capital Markets Enhance Economic Performance and Facilitate Job Creation BY WILLIAM C. DUDLEY US CHIEF ECONOMIST GOLDMAN, SACHS & CO. BY R. GLENN HUBBARD DEAN COLUMBIA BUSINESS SCHOOL NOVEMBER 2004 How Capital Markets Enhance Economic Performance and Facilitate Job Creation BY WILLIAM C. DUDLEY US CHIEF ECONOMIST GOLDMAN, SACHS & CO. BY R. GLENN HUBBARD DEAN COLUMBIA BUSINESS SCHOOL Introduction Our main thesis is that well-developed capital markets generate many economic
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Week 2: Introduction to the Financial System 1.1 Functions of a financial market * Markets are the process that facilitates the exchange of things of values. These things of value are often categorised as real assets, such as a house or a car, and financial assets, such as a loan to buy a house or car. These could take place in a non-formal market place, non-market exchanges can be very time consuming. * It brings opposite parties together. If not, those with needs must go everywhere
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important financial intermediary in the economy as it connects surplus and deficit economic agents. They are vital institutions in any society as they significantly contribute to the development of an economy through facilitation of business. In the absence of banks; where would you go to borrow money? What would you do with your savings? Would you be able to borrow (save) as much as you need, when you need it, in a form that would be convenient for you? Because of the power of financial intermediation
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