People have turned their focus to bitcoins Nowadays, people are looking for ways to make profits quickly, and that’s why they have turned their focus to bitcoins, although some have termed it as a controversial investment. Bitcoin, also known as virtual currency, is unpredictable since there is no stability in its exchanges, and it is not easy to trace. Nevertheless, there have been changes, and the currency has stabilized after a particular period of instability. This helps the investors to make their minds on whether to risk their money into a currency that no longer exists. Volatility Even though there has been a rise in the popularity of bitcoin over the last few years, the market has remained small, which is an indication that minor changes can impact profoundly on its price. There is no doubt that the value of this currency is going to appreciate instead of depreciating in the long run. A significant number of investment brokers are encouraging people to invest in Bitcoin as a medium to long-term investment due to its short-term volatility.…
A clear and unambiguous definition section Question 1 A clear and unambiguous definition section is not necessary where the word to be defined appears only once in the contract. Also, having clear and unambiguous definitions restricts the interpretation of a contract. Thus, where including a clear definition section will be to the disadvantage of the client, the same should not be included. On the other hand, having an ambiguous definition section or having none at all may have the effect of conferring some rights and obligations upon parties of which they may not be aware. This would, in certain instances, put the client in a better position to negotiate terms and interpret the contract in a way that reduces liability on the part of the client. Also, having an ambiguous definition section may also allow parties to conduct business which would otherwise be impossible where clear definitions are included. (Chapter 7, page 97-103) Question 2 Multiple definitions for a word should not be used in a contract document to avoid instances of various and conflicting interpretations of the terms of…
When a new drug is being developed, it has to go through several phases of clinical testing before it gets market approval Introduction When a new drug is being developed, it has to go through several phases of clinical testing before it gets market approval. This is a process that may take many years. However, it raises the question whether the experimental drugs may benefit the terminally ill patients who often set their hopes on experimental drugs but may not be able to wait since they might pass away before the drugs are available. Consequently, many terminally and seriously ill patients are often willing to participate in random controlled trials only as a way of getting experimental drugs. There are ways of gaining access to these drugs, including through compassionate use or expanded access programs where the terminally ill patients get the new drugs that are not yet approved for the market. Relevant ethical theories and moral principles In medical research ethics, two strands of thought often exist regarding the decision making process – deontology and utilitarianism (Raus, 2016). In…
Online Savings Account Opening Done Easier with RBL Bank Thanks to the advanced digital technology where banking has moved on to its next-generation level of functioning. Gone are those days of visiting your branch and clerical work of filling up a new form to open an account. Today, the online saving account opening is much more comfortable. You can sit back at your home and open a savings account online from your smartphone or laptop. Provided you have an active internet connection you not only can open an account but also transfer funds from your account to another. Why choose an online account opening? The benefits of opening a bank account online are many. There are less processing formalities and zero charges for service. All you need is an Aadhaar and PAN number for online saving account opening with RBL bank. This is one of the best services a customer can get from a bank. So, let’s have a look at the features of opening a savings bank account online; Hassle-free processing One of the best things about mobile banking…
Case study questions Case study Requirements: The Due date of the group case is on April 8th, 2020, at 4:00 PM. Only Soft Copy is required, and submission should be through the safe assignment link on Blackboard. Direct Copy and Paste from the case is NOT allowed. If plagiarism were detected, your total assignment grade would be affected. The instructor may decide on further disciplinary actions. From the case titled as “THE WEEKEND THAT CHANGED WALL STREET,” answer the following questions: QUESTION 1: What were the causes of Lehman Brothers’ failure? (20% Points) (You need to search the internet to answer this question.) Suggested readings: https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/download/36/pdf http://www.iiste.org/Journals/index.php/RJFA/article/viewFile/11290/11598 QUESTION 2: Giving real-life examples differentiate between the different types of derivatives and their usage? (20% Points) QUESTION 3: Why didn’t the government interfere and bail out Lehman Brothers as it did with Bear Stearns? (20% Points) (You need to highlight the issue of moral hazard in the banking sector) QUESTION 4: Examine the importance of the…
Student’s Name Professor’s Name Course Date Recyclable Materials at Home Eco-friendliness begins with individual efforts, with the implication that everyone has a role to play in keeping a clean and safe environment. One way of fulfilling this obligation is by controlling the waste that emerges as a result of daily household activities. Homes are a treasure trove with plenty of items that can be recycled, upcycled, reused, and repurposed. Some of the things that could be recycled at home include disposable coffee cups, plastic bottles, electronics, clothing, batteries, toothbrushes, aluminum cans, crayons, pens, and DVD tapes. The recycling process is often simple and less time-consuming for most of the recyclable household items. For example, one would only need to spare some time meant for leisure to recycle CDs and DVD tapes. The tape can be recycled to create a collage of reflective CDs for decoration purposes. Just like the tapes, old tires can also be put to good use within the vicinity of the modern home. They can be recycled to make tire swings and flowerbeds around the front and…
Colombia Health System Student’s Name Institutional Affiliation Colombian Healthcare System The Republic of Colombia is located in the Northwestern of South America is considered by the United Nations as one of the most urbanized countries in the world. It has a population of 50.7 million people, where 80.4% of its citizens are urbanized. The Ministry of Health and Social Protection is responsible for managing, monitoring and organizing the country’s health system (Alliance). Organisation and Funding of Public Health Care System The Colombian Health system has various sources of income that support the clinics and hospitals in Colombia. Research carried out in 1991 Columbian Ministry of Health found out that the lack of finances was the main reason the health care system was inaccessible. ( Alvarez, Salmon & Swartzman) . The Colombian Health system uses a Capitation Payment Unit (UPC) to finance its health sector. The UPC which amounted to the US $260 for the year 2017 is used to workers, …
China Economic Problems There is a good chance that one is likely to lose money when buying a call, even if the stock market will slowly recover. Purchasing a call option means that I will purchase the underlying stock at a strike price within a certain time period. This will give me the right to purchase stock at that certain price until the predetermined date expires. However, the value of my call option will be determined by how fast the stock rise. If the stock is equal to my strike price, then I will lose my money on the call because the contract will be invaluable. Also, if the stock price is lower than the strike price, I will also lose my money, and the contract will be worthless. Therefore, for my call option to make profits, the stock price has to be more than the strike price. There is a risk at speculating stock prices at such a time. Even if the country manages to get a grip on this disease and the economy starts improving, people…
Impact of Covid-19 on the economy of China Abstract The essay explores the economic effect of Coronavirus (Covid-19) on the economy of China. The eventual outcome of COVID-19 in China is that it will be under control after lots and lots of people are infected, and the economy has gone into recession. While the economic impact will likely not last more than three or four months, at most, it will be more profound than the worst days of the county in terms of the number of people out of work during that time and terms of the amount of the country’s loss of wealth. Of course, a large part of the losses in the stock market may be recovered if the market goes back up again. But the country will have still lost the production of the equivalent of years of output from Chinese workers, and there is nothing that can stop that. The most affected sector within the country is the tourism sector since airlines have been suspended to and from the Chinese mainland. This does affect not…
Requirements at Banks Introduction Today, there are thousands of industries around the world. The successful running of these industries depends on various requirements in every sector. For instance, the bank industry has requirements like financial, administrative, technical, and human for it to function correctly. These requirements are categorized in different sectors for the successful running of the industry and for the ultimate customer satisfaction. Therefore, these requirements are the fundamentals in bank industries to ensure that banks are functional and that there is a smooth running of operations. This paper seeks to explain the definition of each requirement and how it is necessary for the banks’ industry. Financial Requirements at Banks Definition Financial requirements are the requirements at banks to ensure that all financial concerns of bank customers are addressed accordingly and in the right manner. The requirements dictate that there should be specialized personnel at banks who have broad knowledge in finances to ensure that there is proper customer support on any financial concerns. The financial sector is also responsible for analyzing and addressing every financial matter of…