Qualification > Commerce

Economic Help!

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diva_doll:
hey cud u ppl explain dat alleviation of poverty thng..?
ohh n i jst realised da whole chapter of "The location n structuce of firmz" is no more in da new edition book or syllabus. :S

Name:
i dont think thats in the syllabus for june 09 exam :S
sorry cant help :(

aquarian93:
hey u guys, can sum1 help me wid 'cash reserve ratio' and 'clearing houses'?

nid404:
CRR
The cash reserve ratio (or required reserve ratio or only reserve requirement) is a bank regulation that sets the minimum reserves each bank must hold to customer deposits and notes. These reserves are designed to satisfy withdrawal demands, and would normally be in the form of fiat currency stored in a bank vault (vault cash), or with a central bank.
The reserve ratio is sometimes used as a tool in monetary policy, influencing the country's economy, borrowing, and interest rates.

A clearing house is a financial services company that provides clearing and settlement services for financial transactions, usually on a futures exchange, and often acts as central counterparty (the payor actually pays the clearing house, which then pays the payee). A clearing house may also offer novation, the substitution of a new contract or debt for an old, or other credit enhancement services to its members.
I don't think we have clearing houses in our syllabus

Jake:
Another indicator of living standards, apart from education, is GDP.  Discuss how useful this is in comparing the living standards between two countries.[7]

please asnswer this according to the marks..if you want you can take help from the mark scheme..
Nov 2007..
please help me guyz...

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