Qualification > Commerce

ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!

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J.Darren:

--- Quote from: BlackBunny103 on May 20, 2010, 04:18:24 pm ---Sorry again :-\ Because in my school, the notes given are very comprehensive and my teacher always asks for a lot of details in our work. I was absent when we did this so missed out the notes.
You see, my teacher already gave us the attachment you posted. He said that the notes of the file won't help much with economics exams, since paper 2 the examiners ask for a lot of details. My eco teacher used to be a CIE examiner for Economics :D

If you could help, then that would be great. :D Otherwise, I guess I would have to see him on Monday

--- End quote ---
Central Bank

- Sets the interest rate
- Sets the standardised currency (In some countries the central bank issues the currency)
- Government's banker
- Regulating banking industry
- Manages the country's foreign reserve and gold reserve
- Lender of last resort

Commercial Banks

- Issuing bank cheques and bank drafts
- Accepting term deposits
- Lending money (e.g. mortgage, overdraft, credit cards)
- Selling financial products (e.g. insurance, stock brokerage)
- Safe deposit boxes
- Investment banking (Provides banking advice for welathy indivudals)
- Cash management (Provides banking service for shop owners)

Stock Exchange

A platform which enables buyers and sellers to trade shares of a listed company, it is also a means of finance for a public limited company.

anjalivarma1995:
somebody explain this in detail pleasee
> describe and evaluate the effects of changes in structure of business organisations.
is it asking for the benefits and disadvantages of, for instance, changing from a sole proprietorship to a public limited company?
thankyou.

J.Darren:

--- Quote from: anjalivarma1995 on May 23, 2010, 06:04:12 am ---somebody explain this in detail pleasee
> describe and evaluate the effects of changes in structure of business organisations.
is it asking for the benefits and disadvantages of, for instance, changing from a sole proprietorship to a public limited company?
thankyou.

--- End quote ---
Yes. In your example if you are converting from a sole trader to a public limited company. The advantages and disadvantages would be as follows :

Advantages :

- More capital as shares of the company can be traded on the stock exchange
- Continuity as even when the original owner dies, the company can pass on
- Separate legal entity (i.e. owner cannot be sued)
- Limited liability (i.e. shareholders can only lose their principle)
- Owner does not have to work long hours

Disadvantages :

- Needs to disclose financial account to public
- Original owners may lose control of the company
- Company is run by a director appointed by the shareholders
- Needs to hold AGM (Annual general meeting)
- Longer decision making time as company matters needs to be voted

In practice you will need three each, the question has appeared as a 6 marks question in the 09 June paper.

BlackBunny103:

--- Quote from: aangel42 on May 24, 2010, 11:53:34 am ---hey there guys,

this thread's pretty useful!
now for a more general (and troublesome) question:

HOW ARE YOU GUYS STUDYING FOR PAPER 3 THIS FRIDAY IF EXTRACTS ARE NOT PROVIDED ONLINE FOR THE PAST PAPER 3'S?!?!?

--- End quote ---

Extracts are provided online.
If you can't find it, just tell me the year and I'll upload them up for you ;)

J.Darren:

--- Quote from: BlackBunny103 on May 24, 2010, 01:05:52 pm ---Extracts are provided online.
If you can't find it, just tell me the year and I'll upload them up for you ;)

--- End quote ---
09 November, thanks :D

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