Seminar 1 by salman nuur https://padlet.com/nuur0402/wyhmmg4huv7iq2ls en-us 2023-09-21 11:13:12 UTC 2023-09-21 11:57:22 UTC hello@padlet.com why do you think finance is important for you and society? nuur0402 https://padlet.com/nuur0402/wyhmmg4huv7iq2ls/wish/2714548520 I believe that finance is important to me and society as it can promote the nations growth, increase and create jobs for society . In addition to bettering the economy allowing us to have a higher purchasing power across the world. Another benefit is it can alleviate inequality and decrease poverty through its efficiency of allowing funds to flow where needed.]]> 2023-09-21 11:27:24 UTC https://padlet.com/nuur0402/wyhmmg4huv7iq2ls/wish/2714548520 Various financial instruments usually serve one of two distinct purposes: to store value or to transfer risk. Name a financial instrument used for each purpose? nuur0402 https://padlet.com/nuur0402/wyhmmg4huv7iq2ls/wish/2714562751 Real estate is a financial instrument that has historically stored value extremely well and in most cases increased value. 

Derivative purchasing is a method of shifting risk to a later date whilst insurance co purchasing is the risk of transferring risk to another individual. ]]> 2023-09-21 11:39:16 UTC https://padlet.com/nuur0402/wyhmmg4huv7iq2ls/wish/2714562751 Many people believe that, despite ongoing financial innovations, cash will always be with us to some degree as a form of money. What core principle could justify this view nuur0402 https://padlet.com/nuur0402/wyhmmg4huv7iq2ls/wish/2714585163 The core principle is the time value of money , that 1 pound today is worth more than 1 in the future. cash is a very current and very liquid financial asset. ]]> 2023-09-21 11:57:22 UTC https://padlet.com/nuur0402/wyhmmg4huv7iq2ls/wish/2714585163