Backstop holding the financial system

Assignment Help Business Management
Reference no: EM133079712

People often say that the gold standard is unworkable because there is not enough gold in circulation to back up the value of all the cash assets now stored in banks. Did it matter to frontier stores that the American dollar was backed by gold? Was there a backstop holding the financial system together? Considering that local stores and home-grown banks can organically develop and create their own forms of credit, what good is a national currency, or attempts to connect financial markets beyond the immediate area?

Like credit at a frontier store, Bitcoin has no physical presence, but is merely a string of written characters that represent an account balance. What similar problems of the availability of cash and credit might new digital currencies such at Bitcoin solve? If money and financial instruments evolve, what kind of money is best for our society going forward?

Reflection - the students also should include a paragraph in the initial response in their own words, using finance terminology, reflecting on specifically what they learned from the assignment and how they think they could apply what they learned in the workplace or in everyday life.

Reference no: EM133079712

Questions Cloud

Blockchain and cryptocurrency hold immense promise : As new trends in the world of finance, blockchain and cryptocurrency hold immense promise for bringing prosperity into our world.
Mathematics Of Finance-Investment options : calculate each of the following investment options and explain which is more attractive in order to be able to obtain the $150,000 that we need,
Primary internal considerations for strategic plan : How important are structure and culture compared to the other primary internal considerations for a strategic plan?
Operating and financial leverage : As you explored in your textbook, financial leverage refers to the amount of debt used in the capital structure of a business.
Backstop holding the financial system : Did it matter to frontier stores that the American dollar was backed by gold? Was there a backstop holding the financial system together?
Advantages and disadvantages of cloud computing : Why is selecting computer hardware and software for organization an important business decision. What are the advantages and disadvantages of cloud computing
Contribute to improve brand equity : Identify and describe the roles of these cross-functional departments and how they can contribute to improve brand equity.
Company contact major customers and suppliers : Under what conditions should the company contact major customers and suppliers? When should local authorities or the FBI be contacted?
Company external environment and internal environment : Explain the relationship between a company's external environment and its internal environment

Reviews

Write a Review

Business Management Questions & Answers

  How does starbucks responsibility to shareholders clash

What is sustainable development? How is Starbucks practicing this? How does Starbucks responsibility to shareholders clash with their responsibility to society in THIS situation?

  What kind of leadership style would you expect to find

In a society that is high on power distance and femininity, what kind of leadership style would you expect to find?

  Dispute an argument on the basis of the values

What does it mean to dispute an argument on the basis of the values?

  Explain why people demand health

Use utility analysis to explain why people demand health. How does the Law of Diminishing Marginal Utility fit into the analysis?

  Managers can communicate through a variety of media

Explain why choosing the appropriate medium is important to a manager. identify at least four forms and list pros and cons of each

  Guillermo furniture store scenario

Write a 700-word paper explaining the finance concepts found in the readings and how they relate to the context of the scenario. Format your paper consistent with APA guidelines.

  How to utilize technicall skills to maintain environment

How could he utilize technical, human, and conceptual skills to maintain the environment which motivates innovation and professionalism among virus hunters?

  Culture of ethical business behavior

Identify an organization that you have worked for or know about that has successfully implemented a culture of ethical business behavior. Alternatively, identify one that has not successfully implemented a culture of ethical business behavior.

  Company history-background and products and services

Firms operating in different industries face stiff competition and are compelled to rely on key factors that determine their success in a specific industry.

  Expenditure and income approaches

Explain how GDP is measured according to the expenditure and income approaches. Please be specific and precise in detail and ensure this one paragraph or more at minimum.

  What is path-goal leadership

What is path-goal leadership and how does it differ from others? What other theory is similar to path-goal leadership?

  Determine potential implications for hrm policies

From your analysis, determine potential implications for HRM policies and practices. Select an industry with which you are somewhat familiar [e.g., kitchen appliance manufacturing, personal care products, or after-market automobile parts]

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd