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QUESTION
(a) Describe briefly three methods of electronic payment.
(b) (i) Explain briefly the term E-Billing.
(ii) Outline three advantages of E-Billing.
(c) Why is credit card not suitable for micro-payments?
(d) (i) Explain the purpose of the Mauritius Automated Clearing and Settlement System (MACSS).
(ii) Outline three advantages of the MACSS.
(ii) What is the purpose of S.W.I.F.T during fund transfers?
Peak Inc. needs to order Canadian raw materials to use in its production process. The Canadian exporter typically invoices Peak in Canadian dollars. Assume that the current exchang
TRADING IN OPTIONS We have already seen that options are traded on exchanges and have already discussed how to understand published quotations. Let us now learn the trading mec
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Define why we measure a project’s risk as the change in the CV. We calculate a project’s risk as the change in the coefficient of variation since this focuses on the change in
4
Define the Explicit cost of capital Explicit cost of retained earnings that involve no future flows to or from firm is minus 100 per cent. This must not tempt one to infer that
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