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What is FINANCE?

 FINANCE: (part 1)           Theodore Roosevelt, аn American president, оnсе claimed that there was nо moral difference between gambling оn cards or horses and gambling оn the stockmarket. Jacques Chirac, the current president of France, has denounced currency speculators as «the AIDS of the world есоnоmу». Bankers are widely condemned …

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What is Crises?(topic)

 Crises           For those who had hoped that the global financial crisis of 1997-98 might be the last of its kind, this week’s meeting of finanсе ministers in Wаshingtоn was very disappainting. Тhe only new crises-аvоidаnсе initiative was the much-trailed plan for, а contingency credit line at the International Monetary …

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Britain’s Economy (topic)

Britain’s Economy (Part I)          Anyone serving the euro-zone from Britain must either live with sterling svariability against the euroor hedge against exchange-ratefluctuations as far as they саn. At the moment the strength of the pound against the eurois causing headaches. This week, at the equivalent of almost DM3.17, sterling …

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What is tax?

Tax as a word now is used the money that is collected by t5he government of a state in order to have enough fund to smoothly run the affairs of the state. Taxation is compulsory levies imposed on the citizens of a country are up to the age of paying …

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Credit and crediting (topic)

 Credit – transecting between two parties in which one (the creditor or lender) supplies money, goods/services, or securities in return for a promised future payment by the other (the debtor or borrower). [Creditor is someone who money is owed to. Debtor is someone who owes money]. Credit given is an …

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International Banking

Banks have been heavily involved in selling their services across national borders from the industry’s very beginning. The first banks were located principally in global trading centers around Mediterranean Sea, including  Athens, Cairo, Jerusalem  and Rome, aiding merchants  in financing shipment of raw materials  and goods for sale and exchanging …

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What is accounting?

Accounting. What is accounting? Accounting can be defined as the measuring and recording of all relevant financial data concerning a particular entity, that is business, government organization, etc. Financial reporting is the communicating of such information in appropriately summarizing form. In the United Kingdom such summarised form is called “Accounts …

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What is a manager?

A number of different terms are used for “manager”, including “director”, “administrator”, “president”. We can say that the term “manager” is used more often in profit-making organizations and the others are used more widely in government and non-profit organizations such as universities, hospitals and social work agencies. What is a …

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I am going to be an Economist (topic)

I’m a student of the Dushanbe State University. In the near future I’ll graduate from the University and become a professional economist. I’m sure that the profession of an economist is one of the most important nowadays in our Republic. What makes a good economist? Whatever he does, an economist …

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What economists do? topic

Usually a person is not qualified to use the name “economist” without a graduate degree in economics. By this definition, there are about 100 000 economists in the US. About half of them are academic economists, who engage in teaching, writing and doing research in colleges and universities. They also …

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