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COMMUNICATION: The process by which ideas, thoughts, and subsequent feedback is accomplished through encoding, sending, and decoding. In order for effective communication to occur the sender must understand the target audience and encode the message in a way that will be understood. This message is sent in various forms and can be distorted by interference prior to reaching the receiver. Receiver then interprets the message and performs required action and gives necessary feedback to the sender. Utilizing this process correctly is an integral part of the promotion element in the marketing mix.
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Lesson 19: Money Creation | Unit 4: The Multiplier
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Page: 16 of 23
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A multiplier captures the magnified relationship between an activity and the triggering event.The money creation process:- The activity is the deposit creation.
- The trigger event is extra bank reserves.
The multiplier:- In our example, the banking system creates $1,000 of deposits from $100 worth of reserves.
- The deposit multiplier equals 10: Each $1 of extra reserves triggers 10 times the amount in deposits.
D = mRD = Number of deposits created.
R = Number of reserves added to the banking system.
m = The value of the multiplier (10 in the example).
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TAXATION PRINCIPLES Taxes are the mandatory payments made by members of society to governments to finance government operations. The study of public finance identifies several key principles of taxation -- tax effects (revenue and allocation), tax proportionality (proportional, progressive, and regressive), tax payments (benefit and ability-to-pay), tax equity (horizontal and vertical).
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RED AGGRESSERINE
[What's This?]
Today, you are likely to spend a great deal of time flipping through mail order catalogs wanting to buy either a how-to book on wine tasting or a bookshelf that will fit in your closet. Be on the lookout for slow moving vehicles with darkened windows.
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Lombard Street is London's equivalent of New York's Wall Street.
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"Experience keeps a dear school, but fools will learn in no other. " -- Benjamin Franklin
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LRAC
Long Run Average Cost
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