answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Does the ebb of globalization destroy states sovereignty?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

What does ebb and flow system mean?

It means when you combine two things together ro make a plant and hydroponics.


What do you call an agreement made between differnent companies to charge the same amount for products?

An agreement made between different companies to charge the same amount for products is called **price fixing**. It is a type of anticompetitive practice that is illegal in most jurisdictions. Price fixing can be done either horizontally, between competitors, or vertically, between a manufacturer and its distributors or retailers. Price fixing can have a number of negative consequences for consumers. It can lead to higher prices, less choice, and lower quality products. It can also stifle innovation and reduce economic growth. Here are some examples of price fixing: Two competing grocery stores agreeing to charge the same price for milk A group of car manufacturers agreeing to set a minimum price for their vehicles A book publisher agreeing with its retailers to set a minimum resale price for its books Price fixing can be difficult to detect, but there are a number of red flags that can indicate that it is taking place. These include: Identical prices for competing products A lack of price competition Refusal by suppliers to sell to retailers who discount their products Industry-wide agreements on pricing policies If you suspect that price fixing is taking place, you can report it to the relevant competition authority. Note: It is important to note that price fixing is illegal in most jurisdictions, and companies that engage in it can face serious consequences, including fines and imprisonment.


What is the effect of boko haram in nigeria economy?

it is noted for its tourism potentials which have contributed to the national economy.However, the once thriving tourism destination that was an attraction for local and international tourists is now history as the spate of violence in the state which hitherto prides it as the ‘Home of Peace and tourism’ seems to have been robbed off of its glory in the tourism industry.Today, Jos is a no go area for tourists as destination marketers and tour operators take their clients to destinations with relative peace.Only hotels are recording slightly above 20 per cent occupancy rate. Some are said to have closed down while the Jos Museums, Jos Wildlife and Amusement Park no longer witness visitors trooping there again.The impact on hospitality is so much that investors in the industry are looking elsewhere, especially at neighbouring places like Abuja since tourism does not thrive in an environment characterised by insecurity and violence.Apart from the ethno religious violence, the city has had its share of the Boko Haram bombings. Many people have closed up their businesses and left the city.Social and economic activities are on the lowest ebb as a result of the security situation.Like Jos, Kaduna the former capital of the defunct Northern region has not fared better as business activities in the city continued to nose dive as a result of the increasing level of insecurity in state.As a result of the prevailing level of insecurity, many businesses, especially beer parlour operators, night clubs and other places of relaxation are gradually folding up as their owners count their losses.Worst hit are those located in the northern part of the city, such as the elitist NAF club, owned by the Nigerian Airforce , along Rabbah Road, which used to be a beehive of activities.Many residents live in perpetual fear of the unknown as the Boko Haram sect continuous to attack the city as they restrict their business activities to areas where they feel safe.Worst hit is the hospitality business in the city. Many hoteliers are counting their losses as a result of lack of patronage. Many people who come into town for any engagement prefer to go to stay in Abuja rather than stay the night in Kaduna.


Where does a bank get the money to lend ten times their deposits?

The "ten times" you refer to may refer to the percentage OF their deposits that banks may lend. I don't know what the actual number or formula is but, as I recall, it's about 90% - meaning they have to keep 10% of the total deposits they receive in cash and may invest the rest. So, you might have read that they lend out 10 times the amount of cash they have on hand. Whatever the amount, it's now set by strict regulation. The percentage is based on the experience of banks over many decades and takes in to considerations the ebb and flow of withdrawals. It's very predictable how much cash a bank will need on hand to meet that 'normal' flow of withdrawals. This leaves the rest available to invest (in the form of loans for houses, cars, business loans and the like) - which the bank has to do in order to earn a return so they can give their Depositor's a return. This explains why a "run on the bank" results in the bank failing. Here's how it works: 1) Let's say the bank has 15 depositors, each depositing $10,000. The bank now has $150,000. 2) In order to provide a return to those depositors, the bank takes 90% of the $150,000 ($135,000) and invests it - usually in the form of financing the purchase of a house, car or a loan to a business - leaving $15,000 in cash on hand. 3) Because of the law of large numbers tested over time, the bank knows that at any given time, only 15% of the total depositors (let's round that to two depositors for our example) will come in to withdraw funds and the average withdrawal will only be, say, $5,000. Meaning the bank will have cash demands for $10,000 with $15,000 in cash on hand to cover the withdrawals. 3) The bank, of course, is betting that they'll be able to earn a high enough interest rate from what they've charged to Borrowers that, after they absorb the losses from defaulting Borrowers and pay their overhead (salaries, building expenses, etc.), they'll have enough left over to make a profit. That's their business. ...which works well until, for some reason, their Depositors lose confidence. When that happens (as it did in the Great Depression), a much larger percentage of their Depositors 'run' to the bank to take their money out. The numbers look like this: 1) The bank is sitting with $135,000 of the Depositors' money loaned out and $15,000 of it in cash on hand to handle withdrawals and overhead. 2) Something cataclysmically rocks Depositors' confidence - the stock market falls, a war starts, etc. 3) The next morning, instead of two Depositors, twelve show up for their money. 4) The bank now needs to return $120,000 (12 Depositors x $10,000 each in deposits) 5) They only have $15,000 - total - on hand against the immediate demand for $120,000. (The bank doesn't have that much cash on hand because it went to pay for the business expansion, cars and houses the Borrowers borrowed it for.) 6) They close their doors and never re-open. Also called a "liquidity crisis," it's not dissimilar to the current problems banks are having now (but then, that wasn't your question). Fortunately, we have backup systems now to keep the banks open (think: "Reserve" as in "Federal Reserve"). A network of banks, the Federal Reserve and other systems kick in to get money to the banks that need it to meet those obligations and our banking system has not suffered the same kind of collapse since. Bottom Dollar Here is more information by AZDUDE: The information given in the answer above is accurate but not adequate. There existed a Central Bank a few years before Federal Reserve Bank came into existance. It was closed down by thoughtful leaders because of forseen reasons. The very reasons that lead to many other kinds of depressions after the Great Depression. Please research more to understand this or watch the documentaries Zeitgeist, The Movie and Zeitgeist: Addendum (google for videos) while constantly trying to validate what is said in the movies. PS: Federal Reserve Bank avoided depressions like Great Depressions in USA. But it created lot worse conditions in many other countries for keeping the money stable and bussinesses profitable in USA. In this monetory system, someone has to suffer for other's comfort. ALSO: http://wiki.answers.com/Q/Where_does_the_bank_get_its_money_to_lend


Related questions

What is the Hebrew word for ebb?

to ebb (verb) = לְהִסוֹג (lehisog)ebb (noun) = שֵׁפֶל (shefel)


What is a sentence with the word ebb in it?

The tide tends to ebb and flow. A point of decline: His fortunes were at a low ebb. The ebb and flow of the water hypnotized me. Suns rise and tides ebb.


What kind of music is nitzer ebb?

Nitzer Ebb is industrial.


When was Nitzer Ebb created?

Nitzer Ebb was created in 1982.


When was The Ebb-Tide created?

The Ebb-Tide was created in 1894.


What is a sentence with the word ebb or egg?

Ebb tide will leave us stranded here all night. Don't let your love for me ebb.


What is Fred Ebb's birthday?

Fred Ebb was born on April 8, 1933.


When was Fred Ebb born?

Fred Ebb was born on April 8, 1933.


What is a 3 letter word for the motion of tides?

Ebb. (the tides ebb and flow)


When was Ebb Tide - song - created?

Ebb Tide - song - was created in 1965.


What is the term for the outward flow of water following the high tide?

Ebb


How do you use a ebb in a sentence?

The ebb and flow of the water hypnotized me.