Interest rate

funds rate. Investopedia.com explains this rate as, “ The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution overnight.” It then goes on to state, “ The federal funds rate is one of the most influential interest rates in the U.S. economy, since it affects monetary and financial conditions, which in turn have a bearing on key aspects of the broad economy including employment, growth and inflation” (Federal funds rate,…

The intention behind the act is being selfish and only thinking about oneself. This particular theory goes well over here as Nguyen was doing things in his own interest even when he knew the end results could be devastating for the clients and the bank's reputation.  Utilitarianism: This theory talks about doing something that does greatest good to the greatest number of people. Once again this theory here can…

does not set the cash rate. The cash rate is determined by the supply and demand of funds in the overnight cash market. RBA influence the market by lending and borrowing loan in order to affect cash rate. B) The RBA has meeting on the first Tuesday of every month except January and they have discussion on the cash rate. They will announce the decision at 2:30 pm after each Board meeting. C) The last change in cash rate was on 6 May 2015. The RBA decided to lower the cash rate by -0.25…

The Fed uses open market operations, reserve requirements, and discount rates to gain control of the economy. The Fed uses tools such as reserve requirements to not only keep track of the real level of reserves and provide bank reserves with more security and convenience, but they use it to alter the ability to create loans…

money is a widespread if rather flawed assumption which underpins much of mainstream macroeconomics. Political economists disagree with this assumption due to the endogenous nature of monetary supply, encompassing reverse causation and exogenous interest rates. It would be inappropriate to discuss neutrality of money or the rejection thereof without first discussing money itself. At its most basic, money is something deemed by an economy to have consistent numeraire value suitable for exchange…

The global financial market has actively changed since the 1990s after experiencing two financial crises in 1997 and 2008, and consequently, the central bank’s features such as structure and functions have altered too, especially its position with the government. To date, central bank’s independence, accountability, and transparency have been seen as three essential pillars of this change. Padayachee (2004) and Crowe & Meade (2008) comment that this is a real revolution in the central bank’s…

Ticket scalping has been around for many years and is defined as ‘an unsanctioned ticket investor who purchases tickets to an event and resells them at raised prices.’ The action to ‘scalp’ has been referenced as early as 1869 in American English to theater tickets but mostly to that of the 19th century referencing railway tickets. A scalper was a common utterance for “con man or cheater” in the late 19th century. (Scalper) The second-hand market grew exponentially as opportunists realized they…

Determining Financial Viability Managing finances within a health care organization can be seen as a daunting task. There is a lot of work that goes into the success of a health care organization. Finances and accounting are two areas of health care that manage and plan the spending of an organization. Together they create the means for a successful financial plan and bring in profits. This essay will examine the relationship between finance and accounting following with how they determine…

I have enjoyed working in Collections as a Collections Assistant I. Between using prior collections experience from other employers, college, and learning the systems of Bank of North Carolina I feel I have become a well molded employee for Bank of North Carolina. During the past year I have successfully completed all the requirements for a Collections Assistant II based on the Human Resources website. These requirements consist of calling on past dues until they are transferred to Special…

This chapter discusses the findings and calculations from Chapter 3 and Chapter 4. These results help to answer research questions 1), 2), 3), and 4). In addition, the results of measuring legal central bank independence indexes from previous studies are used to contrast with ones from this research. Lessons from comparing the RBNZ’s model are generated, and they are to answer research question 5). The chapter is organised as follows: summary of key results, conclusion, and recommendations. 6.1…