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    the currency wars escalation over the past 30 years. In 1971, Richard Nixon announced his new economic policy, a policy that imposed national price controls, a steep surtax on foreign imports, and banning the conversion of dollars into gold. Nixon decided that these extreme measures were necessary as faith in the dollar was quickly fading (Hayes 2015). Countries have been implementing policies in attempts to manipulate their currencies relative value since the emergence of a global economy for…

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    At its core, a discount rate is the interest rate charged to commercial banks on loans they receive from the Federal Reserve Bank's lending facility, also known as, the discount window. To a run of the mill John or Jane Doe, this seems like a foreign language altogether. Throughout this essay, the structure, function, and operation of the Federal Reserve’s discount rate will be investigated. First, the Federal Reserve institutions offer three discount window programs to banks: primary credit,…

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    government, but was soon influenced by changes that were being made around him that using socialist ways were not going to work and started using more democratic policies and government structure. Not only was the demand for the country’s gold and cocoa driving their economic growth up, so was their discovery of oil. Through Rawlings’ policies and the demand of the countries resources the country was able to hold an economy that was exploding. Even though the country was making great strides in…

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    Quebec Crisis Analysis

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    The referendum was a major event that nearly caused Quebec to separate from Canada which happened twice. Many thought the what if scenario if it had succeed and the government also thought about it and had developed a document for it; “The worst-case scenario envisioned in the documents was what it termed a "severe reaction" to a Yes vote, then a "breakdown or lack of negotiations; Quebec unilaterally declares independence, challenged legally or militarily by Ottawa."...Finance Minister Paul…

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    in costs bred resentment among Bolivians impacted by the project, which resulted in political turmoil. This is particularly true because an “ivory tower” mentality is pervasive in the World Bank and IMF and thus prevents the fine tuning of such policies to the needs of the receiving…

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    Home Depot's results of a 3% decline in revenues and a decrease in earning by 21% for the first of 2007, compared to the last half of 2006, can be attributed to the costs that the company incurred. The accounting concept that is applicable to this situation is the prudence concept. This concept is a conservative approach. The prudence concept adopts the idea that revenue and profits are only reported when they have been realized or when they have a high probability of being realized (Edwards,…

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    From financial expenses to the loss of rich history, it comes to great cost to separate and become an independent country. On the other hand, becoming an independent country can allow its people to have a powerful say in the politics, rather than being alienated when one should rightly be involved in the politics governing one’s province. However, considering both issues, Canada should not separate because it is a country that functions by depending on the advantages and differences each…

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    If you find yourself short of cash before your next paycheck, you need to look at the consequences of your empty wallet and compare this with the cost of a payday loan. You may find that a short-term loan, of a couple of weeks, may make a lot of sense in your life. The following are three of the most significant times in your life when you should consider a payday loan. The cost of a late payment is higher than the payday loan fee If you are short of money for a bill that you owe, you will…

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    The subjects selected are population growth as an annual percentage, child death rate, and hours worked per week and income levels. Population growth has become a serious topic over the last two years because of the strain that it is put on our resources such as, water, food, and energy. The first priority of pure drinking water has commanded attention from several countries including the United States. California alone has struggled with providing water from the Midwest over the last two years…

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    Dollar Surge

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    The Dollar Surge and its Effect on Wal-Mart The dollar has experienced a high rise in value over the last six months bringing it to nearly an all-time high in all major currency trading outlets in the world. The gain in the dollar has seen the cost of goods exported from the United States increase in value as other currencies become cheaper due to the impact of the bullish dollar. This performance by the dollar comes in the wake of expected interest rate raise by the Federal Bank. With this…

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