Purchasing power parity, theory of exchange rate determination. Free Essays

Presentation: The target of this paper is to all the more likely comprehend one of the key ideas of genuine conversion scale assurance and building squares of macroeconomic model, ppp. The primary motivation to concentrate on this subject is because of the way that the greater part of the enormous organizations are working past the national limits and are attempting to grow their business at worldwide levels, so it gets crucial for directors and financial specialists while settling on universal venture choices to check the effect of change of purchaser merchandise costs, tradable and non-tradable products could have on the benefit of their businesses.Although the term â€Å"purchasing power parity† was authored as of late as 80 years prior (Cassel, 1918), it has any longer history in economics[1]. We will compose a custom exposition test on Buying power equality, hypothesis of conversion scale assurance. or then again any comparative subject just for you Request Now PPP is by and large ascribed to Gustav Cassel’s compositions during the 1920s, in spite of the fact that its scholarly sources go back to the works of the nineteenth-century British financial expert â€Å"David Ricardo†. Presumably, it is the most established hypothesis of swapping scale assurance. In segment 1 of this paper, I will characterize the idea of ppp, talk about the hypothesis behind it, and expand its useful ramifications in certifiable turn of events. The segment 2 will explains the subtleties between supreme ppp and relative ppp and trial of the legitimacy of the ppp hypothesis over the timespan. The segment 3 expounds Why is increasingly desirable over state that ppp holds over the long haul than in the short run. The area 4 clarifies why ppp doesn't hold in the short run, what are the financial elements lies behind it in going astray ppp from real swapping scale. It recognizes those components which would keep supreme ppp from holding, yet would not really keep relative ppp from holding, and those which obviously forestall relative ppp as well. It additionally clarifies those elements which would prompt ppp bombing over the long haul. In segment 5, there are finishing up comments. Area 1: UNDERSTANDING PURCHASING POWER PARITY In thissection, I will characterize buying power equality by utilizing the guides to expand how it functions in reality and examine it how it identifies with genuine trade rates. WHAT IS PPP? The buying power equality swapping scale is the conversion scale between two currencies’ that would compare the two significant national value levels whenever communicated in like manner money at that rate, with the goal that ppp of a unit of one cash would be the equivalent in both countries.The fundamental idea basic ppp hypothesis is that exchange powers will prompt the adjustment of merchandise costs universally, when the costs of products are estimated in same money. As such hypothesis speaks to an utilization of the ‘law of one price’[2]. LAW OF ONE PRICE: The central thought behind this hypothesis is the law of one price.LOP[3] alludes to indistinguishable items which are sold in various markets will sell in similar costs when communicated as far as a typical cash within the sight of serious market structure and nonappearance of transportation costs and different boundaries to exchange. Subsequently, it gives a system to relate money in one market (the local market) to cash in another market (outside market).In mathematical structure, LOP places that for any great I: p Step by step instructions to refer to Purchasing power equality, hypothesis of swapping scale assurance., Essay models

Double standard for sexual relations Essay Example | Topics and Well Written Essays - 1000 words

Twofold standard for sexual relations - Essay Example A young lady with the equivalent sexual experience will definitely get subject to mocking and discourtesy. Folks will exploit her, utilization her, and attempt to get her to bed. She will make some hard memories having lady friends as she will without a doubt be maintained a strategic distance from and loathed out of disturb. She will most likely turn into the discussion of the school and will be marked as a skank. The stud-whore framework is nevertheless one of the different signs of sexual twofold standard in the general public where we live. Men are not absolved from the foul play of twofold guidelines. Having companions from the other gender during a relationship is additionally dependent upon the sexuality of who's warming up to whom. Young ladies will consistently will in general legitimize their associations with different folks since they are known to be consistently in charge of their feelings and are ready to isolate sweethearts from beaus. The circumstance is significantly increasingly unique when folks are concerned. A man who has a dear companion while in a relationship is constantly gone up against and blamed for disreputable things particularly unfaithfulness. He may even be charged for keeping that extraordinary companion in the midst of forlornness. With these encounters, it is obvious that twofold standard has become a severe unavoidable truth. It is something which I have to live with. Notwithstanding, I am absolutely against sexual twofold norms. ... Twofold standard enormously damages one fundamental of equity known as fair-mindedness the rule that same principles be applied to all individuals, regardless of abstract inclination or bias. I accept that the presence of twofold standard unmistakably infers the toleration of segregation, injustice, imbalance, and partiality. Hence, so as to advance equity in the general public, twofold standard ought to be disposed of. I unequivocally bolster that people ought to have a reasonable playing field where every one gets equivalent response and acknowledgment of what they do and not of what they are. The across the board twofold standard in our general public is justified by different avocations. Most people have just underestimated the presence of twofold standard for conceded contending that sexual twofold standard is regular and that is the manner in which things ought to be. Society has promptly acknowledged that a few things are normally men's things while some are women's. A genuine case of this is the far reaching observation that men are polygamous, permitting them to rest around regardless of whether they are seeing someone ladies are required to be dedicated to their particular spouses. Nonetheless, seeing that the presence of twofold standard as normal is additionally another method of tolerating that bias and shamefulness are characteristic wonders. The above delineations of twofold standard underscores the way that twofold standard endures trouble making of one sex utilizing human instinct as a concealment. In our general public, betrayal is seen to be worthy just when submitted by the male populace. The contention here is that, bad conduct ought to be completely denounced and annihilated as it destructs and jeopardizes the profound quality of the entire network. I am loaded up with appall simply contemplating the quantity of families being broken by

Inuit Eskimos Essay Example For Students

Inuit Eskimos Essay Inuit: The People of the ArcticThe local individuals that live in the Northern-Polar Regions of the world allude to themselves as Inuit, or as Americans like to call them Eskimos. The Inuit are roaming clans who live their lifes altogether different from the remainder of the world. They base their life on convictions, customs, propensities, conventions, and culture that are altogether different from the American culture. The way of life of the Inuit is a very miss-got culture and it is demonstrated in this paper the Inuit are something other than savage, seal, slaughtering Indians, that stay in bed ice houses, live in beneath frigid climate and just kiss with their noses. Inuit is a word that implies the individuals, which is the means by which they allude to themselves. Up to this point pariahs called the Inuit, Eskimos which implies eaters of meat. Researchers have put the Inuit in a different anthropological classification, while the Inuit are firmly identified with the local of Northern Asia, which is were they initially originated from. Language gives a significant knowledge into the lives of the Inuit. For instance they should go through a ridiculous amount of time following caribou for some km or sitting by a gap in the ice trusting that a seal will show itself. The Inuit have no compelling reason to depict the past or future in incredible detail so they have no word for history. Another extraordinary is day off. There are a wide range of words for a wide range of sorts of day off. For instance, aput is the general word for day off. Snow that has as of late floated is akeolrak, yet floated snow is perksertok. The Inuit language is comprised of words for the things that are essential to the Inuit lifestyle (Halderson 2-7). Starting around a thousand years back, the early Inuit started to spread into the Arctic of Canada, over the incredible land connect known as the Bering Straight, which does not exist anymore. The Inuit inevitably spread more than 6000 km, from the Soviet Union to East Greenland. Inside two or three hundred years, they had supplanted the previous occupants of the district. The movement over the land connect was not a solitary mass occasion, yet it was likely many gatherings of maybe twenty to thirty individuals moving east in look for a superior life. A specific objective for making the extraordinary relocation appeared to be more extravagant whaling waters along the Baffin and Somerset Islands, and the consistently need for more space, not long after that whaling towns and little camps grew along the coast, while in-coast camps depended on seal and caribou (Halderson 2-7). The Inuit step by step spread over the ice locales settling in four nations: The Soviet Union, The United States (Alaska), Canada and Greenland. As indicated by Archeological research, the primary Inuit chose the solidified tundra and the nippy ocean coast. The Inuit have unmistakable attributes. Their tallness and weight changes, simply, as in any culture. Their skin is tanned from the sun as dull as cowhide. The hair on their head is dim dark and straight and the face develops barely any facial hair. Their eyes are dim and almond molded, a little nearly connect less nose with huge flared nostrils, a solid jaw, that occurred from age and age of eating basically only meat, and they have a particularly high and round zygoma bone. It is frequently expressed the physical qualities of the Inuit happened, because of their adjustment of the chilly climate. For moment: A level face and little limits are simpler to keep warm. The crease in their eyes shields the eyes from freezing and in the spring in squares of a portion of the glare on the brilliant sun that reflects of the day off. The absence of facial hair shields ice and buildup from working up from the relaxing. Furthermore, the extremely intense jaw originates from the exceptionally extreme eating regimen, which normally incorporates crude, solidified meat or walrus cover up (Morrison and Germain 12-13). The virus water of the Arctic gives the Inuit a wide range of food. The absolute most significant piece of the Inuit diet is the seal. There are six sort of seal that the Inuit chase for food: the Ringed Seal, the Harbor Seal, the Harp Seal, the Gray seal, the Bearded Seal and the Hooded seal. The fish chased for food are primarily cod and salmon. Whales that were murdered for food incorporate the Bowhead whale, the Narwhal and the Beluga, and another significant piece of their eating routine is the omnipotent walrus. The land creatures that give the Inuit food are the Polar bear, Caribou, Musk-Ox and the littler game incorporates Arctic wolves, foxes and rabbits, additionally ground squirrels and earthy colored lemmings. The feathered creatures that present for prey are the ducks, geese, swans, nut cases and even the eggs of the winged animals in the late-spring months. The Inuit most loved food was generally seal, caribou, walrus liver and the skin of whales. The chases in the wint er months included polar bears, cold foxes and ice bunnies, and the chases in the mid year months generally included caribou, geese, and walrus. The creatures are not squandered once deprived of all their meat. Nearly everything on the creature is put to a type of utilization. The pelts of the greater and littler creatures are utilized for apparel and safe house from security of the chilly climate. The prongs of the caribou, the ivory of the walrus tusk and the bone of the whale and musk-bull can be utilized for knifes and harpoons(Morrison 64-137). Frankenstein and the Romantic Era EssayUntil as of late their had been no Inuit craftsmen on the grounds that they didnt have time in their life for workmanship. The main type of craftsmanship in the past had been inertly cutting seabirds or seals in delicate stone. Inuit decorated things that were significant like lances, spears or channels. Toys for youngsters would be cut out of bone or delicate stone. Inuit attire was frequently beautified with minor dabs. Covers were likewise significant items in their functions. The Inuit had faith in a unique supernatural force that was contained in the entirety of nature. They followed their ministers and shamans in moving toward this force in the best possible manner by living in amicability with nature. The shaman would lead moves performed to respect nature. At different occasions people would go alone into nature to more readily comprehend their relationship with it. They underscored lifes significant events, for example, the naming of a child at 8 days old enough. They were typically named after a relative who passed on. On the off chance that they didn't live to 8days they were not grieved as they had never lived (Dorothy and Blaker 159). Eskimo life is vastly different at this point. The greater part of the individuals live in towns or little settlements. They wear present day apparel, live in current houses, and eat food bought from stores. Rather than kayaks and canine sleds, they use speedboats and snowmobiles. Many have revoked the local religion for Christianity. Numerous Eskimos presently work for compensation, however a significant number are jobless and require government help to live. In the Soviet Union at present there are roughly 1,500 Eskimos living on the upper east tip of Siberia. During the 1920s the Communist government assumed responsibility for all Eskimo people group. They furnished medicinal services and assisted with lodging and instruction. The Eskimos were urged to deliver merchandise available to be purchased all through the nation. A few instances of accomplishments around there were reindeer covers up, walrus tusks, and bone and soapstone carvings. In Alaska the Eskimo populace is roughly 42,000. By the mid 1900s, rifle chasing and catching extraordinarily decreased the quantity of game creatures. They started to chase reindeer which had been gotten from Siberia by the U. S. government. They became U. S. residents in 1924. During World War II (1941-1945) they worked at U. S. army installations; a short time later, low maintenance occupations were the main business accessible. Numerous currently rely upon the legislature to improve day to day environments. Eskimos profited, to a little degree, from the 1968 oil strike. The greater part of the Eskimo kids don't complete secondary school. Canadas Eskimo populace is around 25,000. Their lives didnt change a great deal until the 1950s. The hide exchange declined, and the quantity of caribou diminished after rifle utilize expanded. Increasingly more of the Eskimos moved to networks created around exchanging posts, government managerial workplaces, military radar destinations, and mission holy places. Development occupations were abundant for a while. The Canadian government assistedthrough the advancement of business angling cooperatives and handiworks. Soapstonesculptures are offered to individuals in Canada and the United States. The administration gives help budgetary guide and human services. Greenland is by and by an area of Denmark, in the wake of being a Danish state for a long time. There are roughly 50,000 Eskimos living there. In the mid 1900s they started to take part in business angling. An adjustment in atmosphere warmed beach front waters; this drove seals north and pulled in cod, salmon, and other fish. Presently thereafter, the Danish government built up projects to help the Eskimos. They improved instruction, lodging, and social insurance other than giving preparing to employments in assembling and administration ventures. The Eskimos who live in northern Greenland despite everything follow the customary life (Coklin Web-website). Albeit numerous progressions have happened since their predecessors previously showed up in North America, there are right around 120,000 Eskimos despite everything living in the Far North. To endure they have been compelled to fight climate and afterward the impact of white men; from numerous points of view the last has been considerably more testing to their continuance. WORKS CITEDMorrison, David and Germain, Georges-Herbert. Inuit: Glimpses of an Arctic Past. Canadian Museum of Civilization: Blanchette, 1995Morrison, David. Cold Hunters: The Inuit and the Diamond Jenness. Canadian Museum of Civilization: Hull, 1992Halderson, Karen, MPH, RD. The Frozen North Native: Food Practices, Customs, and Holidays. US of America: ADA and ADA. Inc, 1993Ray, Dorothy and Blaken, Alfred A. Eskimo: Mask and Ceremony. Seattle and London: University of Washington Press, 1967Coklin, Martin. Correlation of the First Nations Peoples of Canada. English Columbia: Camosun College, 15 Oct, 2002http:

How to Write a Short Essay For College

How to Write a Short Essay For CollegeIf you're at all interested in how to write a short essay for college, then I've got a little bit of good news for you. As you'll discover in this article, there are a few useful tips and tricks that you can follow that will help you create some very well-written essays. You might even be surprised by the results you get!The first tip I want to tell you about how to write a short essay for college is to make sure that your writing style is different. Most people, when they're trying to write essays, simply do what most writing styles suggest, and they try to memorize a bunch of material in order to get a good grade. This isn't the best way to go about it.Take some time to learn how to use a different kind of writing style for an essay, and to really let your ideas come out naturally. You should also think about having a paper or topic of some sort that you're really passionate about. When you bring that up, you should be able to show that off in a very convincing way.The second thing I want to tell you about how to write a short essay for college is to take some time to read up on the material you're going to be writing about. I say this because the things you know about might actually be incorrect. You might have a preconceived notion about something, and you're just going to throw that out of the window when you're actually trying to write a paper.In other words, you should be able to find out everything you need to know about a topic before you start writing your essay. This way, you can avoid a lot of possible problems and you can write better essays. It's actually quite amazing how quickly you can get a paper out of your head if you have a general idea ofwhat you're talking about.So, here's the third tip I want to share with you about how to write a short essay for college: pay attention to the way you prepare for the essays that you're going to submit, and make sure that they're all going to be correct papers. If you do this, you'll have a much better chance of getting your assignment accepted, because you're going to have a really strong subject in them. And getting a good grade on the paper will be much easier.And finally, I want to tell you about a really strong subject for your essay: science. You may think that science is such a dry subject that no one wants to read it, but you would be very wrong. It's actually a very interesting topic that will help to develop your writing skills and make them stronger, and it will help you develop a love for the sciences.So if you're at all interested in how to write a short essay for college, I hope that these tips have helped you to get started. Your final goal is to make sure that you get a good grade on your essay. And when you do this, you'll feel so proud of yourself that you'll want to show it off to your friends!

The Regulatory Framework of Mauritius - Free Essay Example

Table of Contents What do you consider to be the best regulatory framework for Mauritius? Regulatory Framework of Mauritius A unified regulatory body (Single Peak) A unified regulatory framework may also give rise to some difficulties. A non-unified regulatory body (Twin Peaks) What are the main recommendations of the steering committee on the establishment of a new regulatory framework for the financial services sector in Mauritius? References What do you consider to be the best regulatory framework for Mauritius? In every institution, there are limits that regulate all the individuals within the community. Regulation is the process of promulgation, monitoring and enforcement of rules that is creating a new law to monitor individuals and to ensure that every individual is obedient. If these rules are not enough to regulate individuals, the enforcement of rules is required. Likewise in the financial market, the need of regulatory bodies is required. It can take form of a public authority or government agency but there are also independent regulatory agencies which are not associated with government. Financial regulation is important to maintain integrity in the financial market. If a new financial institution is to be opened, it must abide to certain requirements, restrictions and guidelines. There is no restriction or exemption; all financial institutions whether big or small must follow the same rules. Regulatory Framework of Mauritius The existing financial structure of Mauritius is a non- unified one. The Financial structure should actually have been a transition one which would have firstly consisted of a Twin Peak Model which would lately have been merged together to form a unified structure. Nonetheless, there is still a regulatory body for the banking sector and another one for the non banking sector. The Bank of Mauritius (BOM) is the authority which has been set up for the regulation of banks. The non banking sectors, on the other hand are under the responsibility of the financial Services Commission (FSC). Both the FSC and BOM follow risk- based supervision approaches and formal strategies to centre their resources on those institutions and practices that include bigger risks. In recent years, the financial markets of Mauritius have undergone growth and have also been successful in weathering the global financial crisis reasonably well. Despite this, due to the emergence of complex financial structures with overlapping activities in different areas of the financial sector, it was perceived that it might prove more efficient to carry out an integrated form of regulation for financial services. Moreover, regardless of past issues and the minor problems that may have occurred with the ministry of finance or government, the regulatory bodies of Mauritius have been doing a rather good job. The Banking sector of Mauritius kept performing well even after the problem that it faced due to the Barclays bank. Mauritiusà ¢Ã¢â€š ¬Ã¢â€ž ¢s Banking sector was ranked 15th out of 144 in The Global Competitiveness Report 2012-2013 of the World Economic Forum. Nevertheless, the issue of whether to have separate specialist bodies or a unified supervisory agency continues to provoke intense debate amongst academicians, practitioners and in government quarters. The structure of financial services sector throughout the world is undergoing dynamic changes. Will Mauritius need to redesign its financial regulatory structure to increase effectiveness and confidence remains the question. As there had been the past failure of 3 banks and 3 insurance companies, Mauritius requires vigilance and strong supervision in the maintenance of an overall stable financial system. Should Mauritius shift from a Twin peaks to a Single peak? First of all, we should keep in mind that having a Twin peaks or a single peak will not always guarantee effective supervisions. Both a unified and non-unified body will have its advantages and disadvantages. A unified regulatory body (Single Peak) Supervise both banking and non- banking sector May lead to economies of scale in regulatory activities Overall economic welfare increases as financial institution saves costs by adopting a single building with single disciplines Maintains clarity and cohesion of the objectives It is argued that an overlapping problem arises when there are separate agencies for regulations because the two functions are interrelated. This can be avoided by unifying the system As Mauritius is a relatively small jurisdiction, its attractiveness as a financial centre of high standing might be increased with the adaptation of a single peak A single manager structure would be responsible for overseeing all activities in the financial sector and this might ensure that some financial institution do not have an unfair advantage for competing for customers It is also believed that a single regulator can respond much more quickly and effectively to market innovation and development It strengthens accountability of supervisors Unification would also result in cost saving through a single set of central support services by the sharing of infrastructure and administrative resources. Unification also helps in retaining a body of skilled professional staff by developing coherent human resource policy In a twin peaks, each supervisor will tend to defend his separate turf whereas in a single peak, both supervisors will cooperate and work together Due to advancements in technologies, there has been the blurring of boundaries between the banking, securities and insurance sectors. Hence it is said that a single regulatory body might be more efficient A unified regulatory framework may also give rise to some difficulties. It might be difficult to set up a single set of objectives for both the banking and non-banking sector Can suffer from the Christmas tree effect If a problem arises, the whole sector can be affected It may undermine the overall effectiveness of supervision by not recognizing the unique characteristics of the banking, securities and insurance industries. May only work in certain countries and may be more suited for developed financial systems. A non-unified regulatory body (Twin Peaks) 2 different agencies supervising banking and non-banking activities Might create conflicts between agencies. In the case of Mauritius, the Bank of Mauritius might make some decisions which the Financial Services Commission do not approve If the staff are responsible and know their respective works well, it might be better to work in a non-unified regulatory framework rather than a unified one Through a Twin Peaks, more emphasis might be put on the different sectors. For eg: If a problem arises in the banking sector and at the same time another problem arises in the insurance sector; tackling the problem might be easier as the BOM would concentrate only on the banking sector while the FSC on the insurance. This will also prevent work overload If tomorrow a problem arises with a leasing company and a proper solution is not found. People might hold the regulatory body responsible. Hence, if there is a unified regulatory body, the banking sector as well might be affected as people will lose trust When adopting a non-unified regulatory body, it may be possible to achieve more than the desired result if there are good cooperation Even though it is believed that a single regulator can respond much more quickly and effectively to market innovation and development, the Twin Peaks as well might be as effective if the personnel is well trained and knows his responsibility In UK it was seen that they are adopting the Twin Peaks model in the view that: Each supervisory arm would make their own, separate, set of regulatory judgments against different objectives while coordinating internally to maximize the exchange of information in what is termed independent but coordinated regulation. In the case of Mauritius it might be thought that swapping to a single peak framework might improve effectiveness and confidence. However it would all be determined by the global trends in the financial market, the social and economic aspects of Mauritius. To transform its goals into action, Mauritius has to respond more forcefully to its dynamic environment. Policies should be strengthened to reassure investors of the solidity of the economic sectors and the transparency with which economic information is disseminated to economic operators and users. Such an approach would promote good governance and investor confidence, which, in turn, would contribute to sustained economic growth. As Mauritius is a relatively small jurisdiction, it does not have the advantage of having a long established track record nor an efficiently operating financial market. Hence unifying the regulatory body may be considered as necessary to heighten the credibility and the quality of financial secto r regulation and supervision in a strategic approach to develop Mauritius as a more credible financial centre. As stated by the Minister, Mr. Xavier- Luc Duval; Making Mauritius a financial center is not an easy task. It indeed takes some time to establish a good reputation and see it grow as a financial centre. To make this possible, the jurisdiction, existing laws and economic stability are very important. Unfortunately recent scandals such as the white dot case and theSunkai case prompted the authority to sound the alarm. It must thus be noted with regret that without a good regulatory framework and enforcement of laws, some financial intermediaries would not at all hesitate to deceive investors. Hence, the government might consider a unified body to be the best regulatory framework for Mauritius but at the same time the government might also opt to continue with the existing framework that is Twin Peaks but improve it. Mauritius would thus continue to be an attractive c entre for financial services if well managed. It is very difficult to choose one of the financial regulatory structures. There is no best or ideal model that would fit every country. What are the main recommendations of the steering committee on the establishment of a new regulatory framework for the financial services sector in Mauritius? According to the Manraj report, the main recommendations of the steering committee are as follows: A unified financial regulatory authority, covering both banking and non-banking activities, be established in a phased manner, as follows: Phase 1consist of the immediate establishment of a Financial Services Commission. Phase 2 consist of the eventual integration of the Financial Services Commission with the Bank of Mauritius. The Financial Services Commission will be responsible for the licensing, regulation and supervision of all non-bank financial services. It will also be responsible for the protection of the rights of consumers of financial services. The Financial Services Commission will take over the duties and functions of the Stock Exchange Commission, the Insurance Division and the Mauritius Offshore Business Activities Authority (MOBAA) as well as the regulation of all presently unregulated activities in the financial sector. The Financial Services Commission will be managed by a Board which will be chaired by the Managing Director of the Bank of Mauritius. There will also be the presence of a Vice Chairperson and such other members as may be appointed by the Minister. The Financial Services Commission will facilitate the smooth integration of the onshore and offshore activities. An appropriate legal framework is proposed for establishing the Financial Services Commission. A Financial Services Advisory Council will be established with the objective of giving overall direction and advice towards the development of the financial services sector. The Chairperson and Vice-Chairperson of the Advisory Council will be the Minister of Finance and the Minister responsible for Financial Services respectively. The other members will be the Governor of the Bank of Mauritius, the Chairperson and the Chief Executive of the Financial Services Commission, as well as practitioners from Mauritius and from overseas having an extensive exposure to financial sector development. The establishment of a Financial Services Promotion Agency (FSPA) is being proposed as a separate entity. It will act as a one-stop-shop for the development and promotion of the financial services industry. The FSPA will work in close collaboration with the Board of Investment to devise strategies to attract investors to the financial sector of Mauritius. The FSPA will also be responsible for human resource development and keep abreast of technological advances in that sector. References Business Mega; 9th April 2013 https://business.mega.mu/2013/04/09/preserve-integrity-financial-system-mauritius/

Learning About Financial Aid Isnt Just For Parents of High School Seniors

HomeFinanceFinancial aidLearning About Financial Aid Isnt Just For Parents of High School SeniorsThis page may contain affiliate links.Oct 23, 2019Back in 2016, in a huge shift to make it easier to fill out financial aid forms and get financial aid decisions back from colleges earlier, yearly FAFSA forms became available on October 1st instead of January 1st. In addition, families then had to use tax information from two years prior to when their student started college. These changes allowed families the chance to get financial aid information earlier from colleges and in turn have earlier conversations with their student about where to attend and how much college will cost. The changes made a difference, but, the real key to determining college affordability is to start doing research and having conversations much earlier than senior year. Ideally families should begin the process of understanding college costs and financial aid at the start of high school. Here are some tips for starting the process of understanding financial aid and how much college will cost your family Know Your Expected Family Contribution Your EFC is the magic number the federal government generates when you fill out the FAFSA. This is the key to knowing the amount you will be expected to contribute to your child’s education. The amount will probably seem unrealistically high to you (and it could conceivably be even higher), so it’s important to know early what you’ll be on the hook for so you can prepare. [How FAFSA Calculates Your EFC] If your income and assets don’t change from year to year, it’s easy to predict early with the College Board’s EFC calculator, which will also calculate your â€Å"institutional EFC† for private colleges. Use the federally generated EFC as a guideline, not the final word, because many colleges will charge you more than your EFC. Your initial EFC will be based on tax return informationfrom two years prior to the year your child begins college. Essentially, the tax year ending with December of your students high school junior year, is the tax year information that will be used to determine your EFC and financial aid eligibility for when your child applies to college. As you know these timelines, youd be prudent to start understanding financial aid, AT LEAST when you student is in 10th grade and starting 9th grade would be even better. Learn more How is Your FAFSA EFC Calculated? Understand How the FAFSA is Used It’s not just the federal government who uses the form for financial aid. Many states, institutions, and scholarship programs use the FAFSA to determine financial aid eligibility for state and institutional awards, too. Even if your student doesn’t qualify for a federal Pell grant or work-study at a public university, he may qualify for institutional aid and work-study at a private college as determined by the FAFSA. Keep yourself on track with the financial aid process by knowing what you need to do and when Download our Financial Aid Timeline * indicates required Email Address * First Name * Last Name * Understand Need Versus Merit Aid There are basically two types of financial aid for college: Need-based aid and Merit Aid, which translates into Merit Scholarships, and itis important to understand their differences. Need-based aid is aid that is predicated on a family’s income only. Your family may qualify for need aid at a private college but not at a public university, or you may qualify for aid at both. Each college is different. Merit-based aid is typically awarded for top academic performance, but also for less obvious attributes, such as leadership, community service, music, geographic diversity, and sports. Colleges want to improve their reputation and national ranking, and one way to do that is to attract exceptional students. Some colleges award automatic scholarships for a top GPA range. Families of all income levels who have students who excel in academics, sports or the arts should look for merit scholarships. Families whose income levels will not cover college costs should look at colleges that give good need-based aid. Learn more: Using Data To Find Merit Scholarships Quick report to help you compare up to 3 schools on the important statistics you should be looking at for either need or merit-based aid. How to Help Your Child Prepare For the ACT/SAT Becoming familiar with the ACT or SAT is key to your child increasing his/her test scores and chances of acceptance to the college of their choice. It also opens doors for scholarships and grant money. Strategy plays a huge part in how well students do on the tests. Some kids are able to prep well on their own with sample tests and books, while others will do better taking a prep class. Of course, we want our students to score well for the chance of increased college money, but keep in mind that too much pressure on a child to perform well can backfire with increased anxiety. Keep your own anxiety about money in check. Learn more: How to Plan Your Studying: SAT/ACT Prep Calendar Map Out Financial Aid Deadlines Begin looking at application deadlines in late summer or early fall to map them out on a calendar or spreadsheet, and check each college’s financial aid forms it requires. Most colleges will only require the FAFSA, but if your child applies to a selective CSS Profile college either â€Å"early decision† or â€Å"early action† (offered by a few schools), additional financial aid forms will be due—all at different times. Help your child make a calendar of deadlines, both applications and all financial aid forms. The fall of senior year is busy and it’s easy to miss things. Learn About the Loan Process When colleges return their financial aid letters to your student, it will likely include two types of federal loans, federal direct subsidized and unsubsidized loans. Sometimes the loans are called Stafford Loans. There’s also the Federal PLUS loan for parents and graduate students. If you need to go into deep debt to send your child to college, it’s worth considering another college or another avenue altogether. And, ifyou need more than what the federal loans offer, you’re veering into private loan territory. In that case, it’s worth reading up so you know what you’re getting into. This articlewill tell you everything you need to know about private loans.Another possibility for financing college is a home equity loan. Learning all you can about the financial aid process and all the characters involved, and learning about them BEFORE you really need to make some decisions, will alleviate a lot of the stress when that time comes.

The Lord Family Mansion At The Beginning Of The Film

When I see the locations of the Lord family mansion at the beginning of the film, I observe that there has a yard in front of the Lord family mansion. Different kinds of flowers and trees are planted in the yard. Besides, on the right side of the Lord family mansion, there has a lake or sea. Undoubtedly, the location of the Lord family mansion is very good. Based on the location and the look of the mansion, I believe the family, which owns this mansion, is a wealthy family. In the film, I see that there are many luxurious and ornamental decorations in the lord family mansion. For instance, the classical clock and the beautiful plates in the living room are quite luxurious and ornamental. Also, the family owns many valuable possessions. For example, the private car that parking in front of the mansion seems very expensive and valuable. When Tracy and her sister are going outside, they have their own driver to drive them out. Overall, it clearly tells us that they are a wealthy family. I learn about them through the settings of the film, the plots, and the production design in the film. The producer introduces the major characters through their actions, says and what they own. First, at the beginning of the film, Tracy cracks Dexter s golf s instrument and throws it away. It is an impolite behavior. As a polite lady, Tracy should give Dexter back his stuffs politely no matter how angry she is. Through what Tracy did, audience will think that Tracy is a brutal and impoliteShow MoreRelatedThe Lord Family Mansion At The Beginning Of The Film1262 Words   |  6 Pages1. When I first saw the locations of the Lord family mansion at the beginning of the film, I observed the yard that located in the front of the Lord family mansion, where different breeds of flowers and trees were planted. Beside the mansion, there was also a full size and clean swimming pool. 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