Problem-set Essays - Mathematical Finance, Actuarial Science

Problem-set Essays - Mathematical Finance, Actuarial Science 1. Three teachers have different accounts in the same bank. Use the information given below about each teacher to find the missing variable. Mr. Draft: Invested $450 in savings plan A with annual interest rate 11.4%. After time, he ended up with a total of $629.55 in her account. How long did he invest? Mr. Callahan: Invested in savings plan B and earned $25.26 in interest on her investment of $867.26. He started his investment in January and ended it in June. What was his interest rate? Fr. Moeller: Invested in savings plan C with an annual interest rate of 12%. After two years she earned $124.50 in interest. How much did she invest? Answer the question asked for each teacher. 2. On a credit card you charge $200 with an annual interest rate of 15%. Find the amount of interest that you owe if it takes you the following times to pay the credit card. 6 months: 1 year: 2 years: 5 years: 10 years: 20 years: What happens as you take longer and longer to pay off your bill? 3. Accumulate P20,500 for 110 days at 11.5% simple interest 4. What is the principal invested at 8.125% simple interest on May 21, 2007 that will amount to 14,615 on November 18, 2007? 5. Accumulate P15,800 for 4 years and 9 months at 6.875% simple discount. 6. Discount P16, 400 for 5 years and 3 months at 9.875% simple discount. 7. If 25,000 accumulates to 26,700 in 2.5 years, find the (a) interest rate (b) discount rate A 4 month note dated July 4, 2004 with face value of P25,000 bears interest at 13.6%. The note is discounted on September 13, 2004 at a bank whose discount rate is 12.375%. Find the proceeds. 8. How long will it take P4,500 to amount to P6,100; if interest rate is compounded quarterly. 9. How long will it take for P7,350 to amount to P18,500, if invested at 8% compounded monthly? 10. If P3,050 accumulates to P8,660 in 5 years. What is the interest rate compounded monthly? 11. Find the rate compounded quarterly if P745 accumulates P786 in 3 years and 9 months. 12. What nominal rate compounded monthly, will yeild the effective rate 4%? 13. If interest is compounded quarterly find the nominal rate if thge effective rate is 9% 14. Find the effective rate corresponding to the rate 5% compounded quarterly 15. When interest is compounded monthly, find the effective rate corresponding to the nominal rate 3% 16. Find the compound amount and compound interest on principal P20,000 borrowed at 6% compounded annually for 3 years. 17. Find the compound amount, which would be obtained from an interest of P2000 at 6% compounded quarterly for 5 years 18. Find compound interest on P2500 invested at 6% per annually, compound semi-annually for 8 years. 19. Find the interest using the four methods on P8,000 at 11.5% interest from August 2, 2006 to Novemeber 27,2006. 20. Find the interest on P12,000 at 9.875% from NOvember 20,2007 to April 6, 2008.

5 Ways to Get Back on Track After the Holidays

5 Ways to Get Back on Track After the Holidays It’s the first workday in January. You’re back at your desk after a rough back-to-normal commute, and you may even be a wee bit hungover from New Year’s shenanigans (we don’t judge). Your office will be back to business-as-usual, which means you need to be too. Here are some ways to make that transition from Holiday You back to Everyday You with minimal stress and fuss. 1. Don’t expect to go full-throttle at 9 a.m.Remember, many of your officemates will be in the same situation, easing back to normal after travel or down time. It’s likely that no one is interested in a 9 a.m. meeting or expects you to have everything sorted and addressed right away. Before you even get to work, think about what you want to accomplish that first day back. Pick one or two main goals for your day. If you have standard daily tasks, give yourself a little more time to do those so that you can get used to the routine again.2. Do some triage before you dive in.Inste ad of responding to emails in the order they came in while you were out, dig through your inbox first. Urgent, red-exclamation-point emails should get priority of course, but after that figure out what needs to be addressed right now versus items that can wait until later in the day (or even tomorrow). This way you’ll get some control over your day, instead of being a slave to the inbox.3. Schedule some breaks.Even if it’s five minutes to grab a coffee or just to take a quick walk, make sure you’ve given yourself the opportunity to take breathers. Don’t tether yourself to your desk for eight hours. If possible (and it’s not too cold), step outside for some fresh air, especially around lunchtime.4. Bring a snack.This might sound a little juvenile, but it’s just as valid for adults as for kids. If your workplace is anything like mine, the place has been full of candy and holiday treats for the past month. Now that the holidays are over, the of fice will likely go back to being a sad, candy-less place. Yet your brain and your body may have become conditioned to get treats at various points during the day, so bringing a small snack to keep at your desk can help calm those expectations of goodies. Double bonus points if you pack something healthy.5. Try to leave on time.Unless there’s a very specific project or reason to stay beyond your normal work hours, peace out on time- especially on the first few days back. This can help you mentally reset your routine. Plus, it sets a boundary for the upcoming year, especially if work-life balance was one of your resolutions.The first day back can be a challenge. Remember that you’re not alone, and there are things you can do to make it easier on yourself. There’s no need to be a hero on day one. After all, it’s a long way until the next big holiday weekend! Aiming for â€Å"calm and productive† is a solid start to 2016.

Selling Poor Steven Essay Example | Topics and Well Written Essays - 750 words

Selling Poor Steven - Essay Example Many others, however, bought slaves for the same reason that white men did, which was to make a profit. This was done as a form of assimilation in a mistrustful social atmosphere (186). Slavery for freed black men was a different affair from the slavery invoked by white men. Black slaveowners bought family members as slaves to protect them and to free them a few years later. Similarly, black slaveowners would marry a slave, start a family, and then offer to purchase them from the original slaveowner. After the black slaveowner bought his family, he would free them. However, being able to buy and sell family members also had its downsides, being used as more of a threat if a family member were to get out of line or misbehave. All the same, freed black men were able to use their power to own slaves for humanitarian purposes, bringing an end to slavery for many others. Then there were the black slaveowners that treated their slaves no differently than white slaveowners treated their own . Black slaveowners still exploited the people that were lesser than them, regardless of having the same skin color. This caused great mistrust between slaves and freed black men alike. It was assumed that these prior slaves would understand what it felt like to be slaves to cruel and vicious people, which would prompt them to treat their own slaves with kindness and respect. This, however, was not always the case, and not all of the slaves were treated with compassion (192). A journal left by black slaveowner William Johnson revealed a resentment towards white slaveowners, but also revealed the need to fit in among them, which is why slaves were treated as they were by black slaveowners. â€Å"The story of black slaveowners gives powerful evidence that slavery was just as complex an institution for them [...] as it was for whites (192).† When the Civil War approached, life became difficult for slaveowners of all color. When the Emancipation Proclamation was signed and implem ented in 1863, which freed all slaves, every slaveowner had something bad to say about it. Even the black slaveowners who bought their families for protection were unhappy at the thought of losing their servants despite the reason they had boughten them to begin with. Though the concept of black slaveowners was short lived, it still caused a great impact on the institution of slavery while it lasted. The purpose of Philip Burnham’s article is to show the many reasons that black slaveowners kept slaves in comparison to the reasons that white men kept slaves, all of which were previously stated. Burnham uses historical evidence, such as journals kept by black slaveowners and records about which slaveowners bought which slaves, to support his thesis. Also included were snippets from some of the wills of these slaveowners, which often mentioned the freeing of their slaves after the death of the owner. Or, if slaves were to be passed on to family, some of the wills declared that t he slaves must be treated kindly and released after a certain amount of years. Some of the information provided by Burnham may have been simply assumptions, but they were still backed up by the historical facts and documents that were left by others. Burnham proved his theory to my satisfaction, and I agree with his statements as to the conditions and reasons that black slaveowners bought slaves. Newly made black slaveowners

Finance and Financial Markets Essay Example | Topics and Well Written Essays - 2000 words

Finance and Financial Markets - Essay Example The supporters of efficient capital market theory claim that the stock prices are efficient enough to fully represent information. But, the efficient capital market theory remains silent when the median revenue before the 1987 crash were $18.6 million, and right after the two years of crash, the median revenue increased to $34.7 million. Before the market crash of 1987, the standard deviation of revenue was $276 million, but after two years of crash, the standard deviation of revenue increased to the level of $327 million. On the one hand, capital markets crashed; on the other hand, the median revenue and standard revenue were steadily increasing. In this paper, a critical evaluation of efficient capital market theory is carried out in the following parts of the essay. Besides, types of capital markets, technical analysis and fundamental analysis are incorporated into this piece of writing. Definition An efficient capital market is such type of stock market where the current stock pr ices fully reflect information, including the information of risk (Schweser, 2004). In the year of 1970, Eugene Fama (1970) introduced the concept of ‘Efficient Capital Markets’. In which, efficient capital markets are clearly defined. ... And, this theory is less relevant to small and medium sized companies. As the small and medium sized companies do not have sufficient volume and sufficient size of capitalization in stock markets, the application of this theory would not serve any of their major objectives. An efficient capital market is based on certain assumptions: first, this theory assumes that the market participants fully understand stocks. And, on the basis of this understanding, they value stocks. Second, a piece of information appears in a random fashion; all pieces of information are independent of each other with regard to timing. Third, fund managers instantly start evaluating the prices of stocks as soon as a new piece of information arrives. In order to make appropriate investment decisions, they carefully monitor the stocks movements. Types of efficient market Weak-form efficient markets In this type, stock prices reflect the historical market information. This type of efficient market is based on the assumption that stock prices reflect currently available historical market information. Consequently, no relationship exists between past and future stock prices. The historical value of information is already incorporated into the current prices. Hence, it would be of no value to study the previous stock prices. Additionally, this type of efficient market hypothesis may be implausible in many situations (Poterba and Summers, 1988; Pesaran and Timmermann, 1995,2000). Semi-strong form efficient market In the semi-strong form, stock prices rapidly adjust to information that is publically available. This stock price adjustment can be upward or downward. It depends upon the nature and type of information available publically.

Raid Research Essay Example for Free

Raid Research Essay The word RAID stands for redundant ray of independent disks. Raid is usually used in environments with servers or at a business with large file servers, transaction of application servers, where data accessibility is critical, and fault tolerance is required. There are 8 types of raids, Raid 0 is technically not a raid level because it offers no fault tolerance but, it operates by providing data stripping which takes the information and spreads it out over all the disk drives. However, if one drive fails than the entire raid fails. Raid 1 is also referred to as disk mirroring; it basically takes the information from one disk and stores it on multiple disks, this is great for fault tolerance because if one disk fails the information is on another disk. The only drawback to raid 1 is data access speed and the cost because there are more disks involved. Raid 5 is considerably the most commonly used Raid level simply because it provides both stripping and parity. The parity block is distributed to all of the drives making it easier to access the information or have a balanced access load. The parity in raid 5 is used if one of the drives happens to fail, to recover that drive which makes the raid 5 the most common however the only drawback to this raid level is that it has a relatively slow write cycle. Lastly, RAID level 6 which is very similar to raid level 5 but provides two parity functions rather than just one. A minimum of four disks is required to create RAID level 6. Raid level 0, even though it offers no redundancy, is still of use mainly to those who use applications that require high bandwidth such as data streaming or video editing software. Raid level 0 is also used because it’s most simple to implement. Raid level 1 is most expensive because it requires more disks to implement. It also requires heavy software manipulation and configuration to implement Raid level 1. If I were to purchase raid it would absolutely be raid level 0 simply because its easy to implement and it would be efficient for my personal usage.

Article Of Confederation Essay -- essays research papers

Government under the Articles of confederation could not deal effectively with many issues that arose during the 1780’s. Despite it’s many weaknesses, the new government accomplished a great deal. The western lands became the prize and treasure of the new government. Since the Articles of Confederation could only request financial support form the states instead of demanding taxes, these western lands replaced taxes. The so called “public domain'; or unsettled land were larger than all the established states put together. Therefore, by selling the land, the weak new government received money that it couldn’t find in any other way. Instead of using this vast area like the European did with the thirteen colonies we made an “Empire for Liberty.'; The Empire was built by adding new states. This was an extremely unique idea among people during the time. The charting of the vast western public domain was one way the government under the Articles of Confederati on was praiseworthy. It was the greatest single achievement in domestic policy for the Confederation   Ã‚  Ã‚  Ã‚  Ã‚  Under the Articles of Confederation each state was given the power to regulate their own currency. Each state issued it’s own money. As a result nobody knew exactly how much a New York dollar was worth compared to a one from New Jersey or Virginia. The more money there was in circulation, the less a dollar was worth. Finally, there was j...

Life Without Technology Essay

If someone told me that I would have to be technology-free for 24 hours I would probably have asked them for a tranquilizer so I could sleep through the horrid day. From the moment my alarm clock goes off in the morning to the time I set it at night I am using some sort of technology. I couldn’t even eat lunch at school without the help of those little machines that take our meal plans. Last week I did my best and tried as hard as I could to be free from technology. Obviously, being at college made it impossible but it was a good experience nonetheless. After my alarm goes off, it’s time to take a shower. The lights aren’t necessary so I leave them off. I come back from my shower with sopping wet hair and decide to suck it up and leave the blow dryer in the closet. It’s Monday so I only have one class, which means I have more time to torture myself. On the way to lunch my roommate and I take the stairs; I live on the 7th floor so we know this won’t last long. On my way out I contemplate whether or not the lock on our mailboxes is too technologically advanced for me to use. Honestly, I would have to admit that my day was not all that bad. My wet hair eventually dried itself from running up and down the seven flights of stairs. There is so much that we take for granted it is unbelievable. Even if I wanted to be absolutely free from technology I couldn’t. Lights are on everywhere you go and someone always wants you to listen to the message on their cell phone from their boyfriend. There are unavoidable motion sensor lights and unavoidable automatic doors. Car trips, if driving in the car were even allowed, would be extremely boring not to mention dangerous. Without traffic signals there would be a lot of accidents; for some reason I don’t think people would pay attention to little men in bright orange vests  waving flags. I am convinced that without technology smoking and drug use would increase and people would be fat. While people would be forced to walk most places I think that they would just choose to stay closer to home. Sleeping would probably take precedence over most activities, except maybe those associated with reproduction. So basically if you think about it the world would literally be one big, fat, high, drunk family. On Mondays I have geography and my teacher lectures with the help of PowerPoint. Since there is no way I can copy notes from just listening I once again must give in to the machine. On the way back from class my roommate and I cut through the Science building to make our trip shorter. It isn’t until I am through the second door that I realize the doors are handicapped accessible and automatic. It’s amazing the little things we take for granted. When I get back to the room, seven flights later, automatically the first thing I do is flick on the lights. I then shake my head and turn them off.

A Divided World and a Divided Self

Synge’s Playboy of the Western World is essentially a play of opposites. The tension between tradition and individualism is the active force that drives the characters toward the comic conflict.Shawn and Christy embody the masculine half of this equation while Pegeen Mike and the widow Quinn exemplify the feminine. Interestingly, the conflicts of the characters in isolated situations throw a brighter light on their motives than when secondary characters are present in the scene.While much of the play’s actual humor derives from the chorus-like responses of subordinate characters (notably when the pub patrons question Christy about his father’s supposed murder), the inner lives of the four main characters are explored in greater detail in direct dialogue exchanges.For this reason, it is important to consider Playboy of the Western World as a psychological as well as a social inquiry into the early 20th century Irish mind.The moral, social and familial institutions at work in the lives of the characters are inseparable from the behavior of the characters themselves and their behavior, in turn, affects the ways they perceive and challenge the institutions that establish a collective social identity. Synge’s satire, then, is fundamentally subversive. By undercutting a prevalent strain of Irish romanticism Synge effectively exposes the difference between the real and the ideal in Irish opinions about their own history and customs.The influence of religion is at the heart of Synge’s concern. Shawn’s reluctance to stay with Pegeen Mike overnight testifies to his fear of the priest’s, and by extension, the community’s censure. This is confirmed when he admits, â€Å"I'm afeard of Father Reilly; and what at all would the Holy Father and the Cardinals of Rome be saying if they heard I did the like of that?† Shawn is unable to take the passionate leap in terms of his affection for Pegeen Mike, being overly con cerned with outward appearances.Though his presence at the pub overnight will not be breaching social etiquette in any way immediately revealed by the opinions of the pub house patrons, he worries about the possibility that some vague â€Å"other† will entertain harsh opinions. For this reason, Shawn is repeatedly unable to take a stand for what he purportedly desires—marriage to Pegeen Mike.While religion is key, Shawn also demonstrates a pronounced avoidance to action of any kind. He is fearful of what he perceives as Christy’s passionate and unpredictable nature. The threat of violence is abhorrent to Shawn. However, his pacifism is not the result of moral objection but rather a product of physical cowardice.Christy, in contrast, is not concerned with the price of taking extreme action. Despite his meek exterior, his story of parricide is told with earnest, and he behaves first in such a way that he seems shell shocked by committing the murder. Later, of cour se, this turns into something else, when he begins to celebrate his action as proof as his own manliness.This is an important turn in the play because he moves from a fear of the social judgment of his illegal and immoral action into a defiant assertion of his own individualism. This shift occurs because he senses the positive (and perverse) effect his reputation as a murder has on the members of the community in general and on Pegeen Mike in particular.Once Christy recognizes the advantages he has when perceived as â€Å"dangerous† he quickly adopts a romantic and celebratory posture. His pride in the matter is exactly what sets him up for his serio-comic fall when his father, the elder Mahon, appears miraculously â€Å"raised† from the dead.Another pair of characters defined by their opposing views is that of Pegeen Mike and the Widow Quin. Their pronounced division is related to domesticity. While the Widow Quin is perceived as an outsider and generally shunned by t he community, she is more of a realist. This is evidenced when Mahon arrives and the widow does not reject Christy as a potential love interest.As an older and more mature woman, the Widow Quin is not as easily swayed by the romantic appeal Christy’s story of murder offers. She is more interested in his companionship and status as a help-mate. She is eminently practical.Pegeen Mike, however, is far different. For the twenty year old barmaid, the idea of a savage killer for a husband is alluring. Shawn’s proposal disgusts her when compared to that of Christy because he lacks the essential brutishness that defines her idea of an appropriate mate.Consider the hastiness of her words when she says, â€Å"Wouldn't it be a bitter thing for a girl to go marrying the like of Shaneen, and he a middling kind of a scarecrow, with no savagery or fine words in him at all?† She is not concerned with the pragmatic reality of what it means to be married to a man who has defied t he law. Her head is full of high romance and flattered by Christy’s sentimentally poetic use of language.

Economic Boom of the 1920s Essay Example

Economic Boom of the 1920s Essay Example Economic Boom of the 1920s Essay Economic Boom of the 1920s Essay Merely those who know small or nil about economic sciences and the really naif did non cognize in the twelvemonth 1925 that economic difficult times follow good times as economic roars and slacks are cyclical. Still. there were assorted grounds why even seasoned economic experts may hold speculated that economic prosperity of the 1920s would go on forevermore. Machinery. fabrication workss and the procedure of standardised mass production were the chief grounds for the exhilaration of the 1920s ( Schultz and Tischler ) . In fact. the economic system of the United States continued to turn until 1929. The First World War had encouraged industry to spread out. Labor deficits coupled with the demand to increase production had stimulated the development of efficient manners of production. Taylorism or scientific direction to streamline procedures of production in order to increase production capacity had been introduced around the state. With new machinery and direction tools. worker productiveness was raised. This rise in productiveness increased rewards. thereby increasing ingestion. Americans were besides encouraged to utilize recognition to fuel ingestion at the clip. The installment program was an invention of the 1920s. What is more. the authorities supported concerns by raising duties on foreign goods. cut downing personal income revenue enhancement and corporate revenue enhancement. revoking revenue enhancements on net incomes. and looking into unjust trade patterns as a agency to promote concerns to spread out ( Schultz and Tischler ) . The consumer psychological science in 1925 was another ground why many may hold reasoned that economic slacks are a thing of the yesteryear. Americans had the wireless at the clip. in add-on to a turning gesture image industry to maintain their mentalities positive. They besides had electric contraptions at place and a turning car industry doing them believe their lives had changed forevermore in a positive way ( Schultz and Tischler ) . Then once more. all those who know about the economic roar flop rhythm were cognizant in 1925 that a slack is certain to follow a roar. Plants Cited Schultz. Stanley K. . and William P. Tischler. Civil War to the Present. American History 102. 1999. 1 Mar 2009. lt ; hypertext transfer protocol: //us. history. wisc. edu/hist

Battle of Aspern-Essling - Napoleonic Wars Battle of Aspern-Essling

Battle of Aspern-Essling - Napoleonic Wars Battle of Aspern-Essling Conflict Dates: The Battle of Aspern-Essling was fought May 21-22, 1809, and was part of the Napoleonic Wars (1803-1815). Armies Commanders: French Napoleon Bonaparte27,000 increasing to 66,000 men Austria Archduke Charles95,800 men Battle of Aspern-Essling Overview: Occupying Vienna on May 10, 1809, Napoleon paused only briefly as he wished to destroy the Austrian army led by Archduke Charles. As the retreating Austrians had destroyed the bridges over the Danube, Napoleon moved downstream and began erecting a pontoon bridge across to the island of Lobau. Shifting his troops to Lobau on May 20, his engineers completed work on a bridge to the far side of the river that night. Immediately pushing units under Marshals Andrà © Massà ©na and Jean Lannes across the river, the French quickly occupied the villages of Aspern and Essling. Watching the Napoleons movements, Archduke Charles did not oppose the crossing. It was his goal to allow a sizable part of the French army to cross, then attack it before the rest could come to its aid. While Massà ©nas troops took positions in Aspern, Lannes moved a division into Essling. The two positions were connected by a line of French troops stretched across a plain known as the Marchfeld. As French strength increased, the bridge became increasingly unsafe due to rising flood waters. In an effort to cut off the French, the Austrians floated timbers which severed the bridge. His army assembled, Charles moved to attack on May 21. Focusing his efforts on the two villages, he sent General Johann von Hiller to attack Aspern while Prince Rosenberg assaulted Essling. Striking hard, Hiller captured Aspern but was soon thrown back by a determined counterattack by Massà ©nas men. Surging forward again, the Austrians were able to secure half of the village before a bitter stalemate ensued. At the other end of the line, Rosenbergs assault was delayed when his flank was attacked by French cuirassiers. Driving off the French horsemen, his troops encountered stiff resistance from Lannes men. In an effort to relieve pressure on his flanks, Napoleon sent forward his center, consisting solely cavalry, against the Austrian artillery. Repulsed in their first charge, they rallied and succeeded in driving off the enemy guns before being checked by Austrian cavalry. Exhausted, they retired to their original position. At nightfall, both armies camped in their lines while French engineers worked feverishly to repair the bridge. Completed after dark, Napoleon immediately began shifting the troops from Lobau. For Charles, the opportunity to win a decisive victory had passed. Shortly after dawn on May 22, Massà ©na launched a large-scale attack and cleared Aspern of the Austrians. While the French were attacking in the west, Rosenberg assaulted Essling in the east. Fighting desperately, Lannes, reinforced by General Louis St. Hilaires division, was able to hold and force Rosenberg out of the village. Seeking to retake Aspern, Charles sent Hiller and Count Heinrich von Bellegarde forward. Attacking Massà ©nas tired men, they were able to capture the village. With possession of the villages changing hands, Napoleon again sought a decision in the center. Attacking across the Marchfeld, he broke through the Austrian line at the junction of Rosenberg and Franz Xavier Prince zu Hohenzollern-Hechingens men. Recognizing that the battle was in the balance, Charles personally led forward the Austrian reserve with a flag in hand. Slamming into Lannes men on the left of the French advance, Charles halted Napoleons attack. With the assault failing, Napoleon learned that Aspern had been lost and that the bridge had again been cut. Realizing the danger of the situation, Napoleon began retreating into a defensive position. Taking heavy casualties, Essling was soon lost. Repairing the bridge, Napoleon withdrew his army back to Lobau ending the battle. Battle of Aspern-Essling - Aftermath: The fighting at Aspern-Essling cost the French around 23,000 casualties (7,000 killed, 16,000 wounded) while the Austrians suffered around 23,300 (6,200 killed/missing, 16,300 wounded, and 800 captured). Consolidating his position on Lobau, Napoleon awaited reinforcements. Having won his nations first major victory over the French in a decade, Charles failed to follow up on his success. Conversely, for Napoleon, Aspern-Essling marked his first major defeat in the field. Having allowed his army to recover, Napoleon again crossed the river in July and scored a decisive victory over Charles at Wagram. Selected Sources Historynet: Battle of Aspern-EsslingNapoleon Guide: Battle of Aspern-EsslingBattle of Aspern-Essling

Island of stone money Essay Example | Topics and Well Written Essays - 500 words

Island of stone money - Essay Example When the Germans gained possession of the island, they ordered the chiefs of the districts in the island to repair the paths that had been neglected and were in poor condition. When the chiefs declined to administer the repair of the roads, the Germans sought a way of imposing fine on them. A person was sent to each disobedient district to mark the most valuable Fei with a black cross to indicate that the government now owned the stones (Friedman 3). The people then felt impoverished, repaired the roads, and the government then sent its agents to erase the marks. Consequently, the people regained possession of their Fei. Despite these people’s apparent lack of knowledge on how monetary systems work, the article compares their beliefs with an incident in the U.S where the Bank of France requested the Federal Reserve Bank to store its gold in its account. Consequently, the Federal Bank put French gold in separate drawers and put a label to indicate that it belonged to the French. The two incidents illustrate how important myth is to monetary matters. People tend to believe that their own money is more real and rational than those used by other societies. Because of these myths, people fail to realize that money from other countries may have high purchasing powers than theirs (Friedman 5). One of the characteristics of Fei that qualified it as money was its use by these people as a medium that could be exchanged for goods and services. The durability of these stones, another characteristic of money, ensured that they performed their duty as a medium of exchange and store of value. Durability as a feature of money is critical since it develops confidence that an item can be exchanged later for other goods. Fei can be classified as commodity money because its value was independent of regulatory forces but dependent on attached value on its material. Act of the Germans to mark the stones illustrates this because of the adverse effects that it

Viral Marketing Thesis Example | Topics and Well Written Essays - 11250 words

Viral Marketing - Thesis Example This essay discusses how this kind of marketing is theorised and viewed. It considers various components of this marketing practice that organisations use, citing thriving e-commerce companies, like Amazon, while the opportunities and threats are also examined. The essay concludes that virtually all organisations, even in tradition-oriented marketing companies in the Czech Republic, can employ viral marketing as a productive organisational tool. This essay discusses the various components of viral marketing, such as buzz advertising, word-of-mouth, e-communications, and others, in order to show how viral marketing really works. This essay examines the appeal of viral marketing and the problems linked to viral marketing efforts. With a consideration of how the opportunities and threats of a viral marketing vary from those of a traditional method, the essay discusses why viral marketing is an appropriate tool for organisations in the Czech Republic. This essay reviews viral marketing a nd argues that it is created so that promotional materials and messages will be spread quickly in a cost-effective way. It thoroughly described different major components for a productive viral marketing technique. *images taken from Google pictures Thesis Statement: Because of the remarkable growth in e-communications, such as mobile phones and the Internet, viral marketing have become an important component of the marketing communications strategy in numerous organisations. Buzz advertising, word-of-mouth, e-mail direct marketing, wireless or mobile advertising, and online advertising and promotions are useful strategies to strengthen and improve viral marketing communications instruments. Viral marketing can improve awareness, enhance customer response, motivate product trial, and build brand equities. The natural interactivity of viral marketing grants them a powerful position in marketing communications strategy. Undoubtedly, in the future the role of viral marketing will becom e increasingly essential, and new media and technologies will come out. Yet, marketers should always bear in mind that a new media and technology can only be effective when potential customers are capable of and eager to use, accept, and understand it in their buying preferences. Indeed, viral marketing is just beginning to be recognised in the Czech Republic, although it is certainly the suggested and chosen standard in current marketing practice and communications. Understanding of the theory and discipline of viral marketing is now a matter of rigorous and wide-ranging research as there is a great deal of information about it. I. Introduction This dissertation will discuss the theoretical and practical features of viral marketing and review several of the methods and successful campaigns that have sped up the recognition of connected marketing. A brief discussion on the development of viral marketing in Czech Republic will be presented in the concluding part of the paper. Viral m arketing, particularly when applied in an integrated manner, can both enhance brand awareness and develop brand support (Arndt, 1967). And it is a quite cost-effective way of marketing, even for product, brand, or service that has no ‘memorable’ or ‘buzz’ (Brown, Barry, Dacin & Gunst, 2005) features. There are some people, when reflecting on marketing research, tend to visualise research instead of marketing itself. In fact, marketing research is officially identified as locating and