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Please dont compare him to the auditor from mc it makes me so mad /srs) heres an oc i havent drawn in a while https://t.co/CRFJrCC7uk
uh ... uh ... I kinda tried to make my own meme. #madnesscombat #Mc #Jesus #auditor https://t.co/PvaPXfeFpM
Some more old madness combat stuff (As you can see, auditor is my fav) #madnesscombat #mc #madnesscombatfanart #madnesscombatart #madnesscombatauditor #madnesscombathank #madnesscombattricky #MadnessProjectNexus #digitalart #doodles #art #myart #yay https://t.co/WIrfazVeV7
Attorney General of California office says to file a complaint w/ State Auditor board & contact Governor's ( Gavin Newsom) office I'll contact Newsom's office & ask for Terry's death certificate w/ his true legal name on it & ask for update on my Paul Holes fraud investigation. https://t.co/Cv5x2SYhOx
@LEIXO_MC THE AUDITOR ONE WOOOOO https://t.co/c9aDhQ21WP
Local Government Auditor’s 2019-20 report on Councils yet again highlights that most whistleblowing concerns relate to planning process Such is the Auditor’s concerns that an investigation is ongoing on the effectiveness of Councils’ planning processes AND the Dept’s supervision https://t.co/iIri8f99kM
#miitopia #nintendoswitch #madnesscombat #madnesscombatauditor I made The Auditor (Appearance from MC 10) in Miitopia! Access key is P2GDGK, he is at the very bottom right (and has working surprised emote!) https://t.co/faNmP9P2yI
.@scotgov needs to be more transparent and proactive about its #Covid19 spending. In 2020/21, total government spending was £50.1bn - £10.7bn (27%) higher than the previous year. My report on the Scottish Government’s accounts: https://t.co/0ynmmtLYj3 https://t.co/IrQhZulxsZ
Local Government Auditor Colette Kane today publishes her 2021 report, which is available on our website https://t.co/jq35xC0djC https://t.co/MlIxyJ8zGp
auditor animation wip idk i might finish this https://t.co/G8NmKAX74l
mc auditor Q&A Review
Why can't Indian government pay world bank loan by just printing money?
Let us say you are a farmer and you have mango plantation (keeping in line with the season's favorite :P). You do hard labor and work day and night and grow 100 kg mangoes every year. Now, one cannot live his life eating only mangoes, And since mango is a good seasonal fruit, good for health, and not to mention utterly delicious, there would be others who'd happily trade their farm products, say wheat, for some of your mangoes. Realizing this, you decide to exchange your mangoes for other products. You tell about it to your friend who has wheat farms. Incidentally, he happens to be a mango lover like me and together you develop a rate of exchange, with mutual understanding of course in this example, say, 5 kg mangoes for 10 kg of wheat. You give him 10 kg mangoes and get 20 kg wheat for your family, which you assume should suffice for 6 months. You do the same thing with your other friends as well in exchange for pulses, rice, vegetables etc. Now, past 6 months comes winter, and your supplies have started to diminish. Moreover, you do not have any mangoes to offer in exchange for wheat and other commodities. But without the commodities you wont survive for next six months. Now what should, or rather, what could you trade in exchange for wheat? You find a solution. You go to your best friend who trusts you a lot, and you promise to give him 5 kg of mangoes next summer for 10 kg of wheat right now. He thinks about it for a while. There are of course things to be concerned here. What if you refuse to give him mangoes later? What if the mangoes you give him aren't good quality? What if next year is a drought and there are no mangoes? Let us say for the sake of simplicity here that your friend here thinks about it but on goodwill and years of friendship, he trusts you and agrees. Similarly, you go to your other friends, gain their confidence and promise them some mangoes next summer for providing you with supplies right now. Now, what you have done here is that you have developed a trading system wherein you trade items and commodities for other items and commodities. And the trading currency is none other than the ",items and commodities,". But now, since you are trading with so many different people at different time, it is getting difficult for you to keep track of how much mangoes you owe to whom. So what you do is that you start handing over promissory notes to the people you trade with, with your sign on it and the amount of mangoes you owe them. So next summer, whenever you have mangoes harvested, people come to you, show you the promissory note with your sign on it, and take the mangoes. But there is a problem with this system,: you are promising X kg of mangoes which you have not harvested yet, i.e., which do not exist. Similarly you would have supplied mangoes to someone for a certain commodity he'll have in future but doesn't have it now. And then there is always a risk factor, i.e., next year maybe a dry one and you may not have enough mangoes to trade. Realizing this, you are worried now. You need a damage control. You consult this with your trusted friend and ask him how to avoid possible damage. Now this friend of yours is quite a trader himself and has traveled many cities and traded with many people. He tells you not to worry about it and that he'll let you on a little secret. He explains it to you how ,people will need mango no matter what,: after all it is a seasonal fruit and very delicious. Now if there is less growth of mangoes next year, then he can ask to negotiate exchange rates in his favor, i.e., more commodities for same amount of mangoes. Simply put, due to scarcity, his mangoes will become costly. You get it a little bit, but you are still confused. You wonder how will you negotiate rates when you do not know how much mangoes you are going to harvest next year; how can you negotiate when there is uncertainty? Your friend smiles, and tells you that you can. He suggests you to issue only a certain value of promissory notes, lets say 1000, and then do the trading with these notes after declaring their new meaning to the traders. These 1000 notes will represent 100% of your harvest, no mater how much you harvest. So if there is a guy with your promissory notes valuing to 100, he''ll have 10% of your harvest next summer, no matter how much you harvest. He can also decide to not exchange it for mangoes next year when there is a drought, and wait for next to next year hoping for more amount of mangoes then. Lets call your promissory notes as Mango Currency (MC) All goes good and the mangoes, being good quality and sweeter than its competitors, are valued more. People want to buy mangoes from you even if they have to pay more. This means the value of MC gets more, only a few people can afford it. The very lower class, who wants to eat mangoes but cannot get hold of MC due to its high value is suffering. This also causes you loss in business since people are now holding MC instead of trading it for mangoes since the value is increasing. Since mangoes are not being traded, they are rotting in the collecting compound with very less people to buy them, causing you huge loss. You now need to keep the value of MC in check so that people do not hold up to it. You go to your friend again and consult him on how to keep value of MC in check. He tells you to simply issue more promissory notes. Since the total sum of promissory notes is equal to 100 % of your harvest, if you issue 1000 more promissory notes in addition to the initial 1000 that you've had, the value of MC would be halved. 100 MC that was 10% of the harvest would now only be 5% of your harvest. (,This is also how RBI keeps the value of Rupee under check, else Economic activity of country would go down,) Now you have developed a good trade system and also know how to keep the value of MC under check by regulating the supply of promissory notes. Now you decide to expand your business. You go to your best friend who deals in wheat and has currency WC (Wheat Currency). He is already doing very good in business and has surplus money. You tell him about your plans to expand our business and your requirement of more money for expansion purpose. He listens to you and agrees to lend you some money at certain interest rate: he already has enough money and extra money sitting at home isn't earning him anything, so lending it to you for certain interest seems a good deal. You borrow 500 WC from him. Now WC is quite strong in market. So much that 500 WC costs around 1000 MC (how much % of wheat harvest it represents doesn't matter). Now, you use up all the WC for expansion but suffer heavy losses. All the WC went down into the drain. You bought some stuff from it and have it still, but it is not bringing you any revenue and nobody is ready to buy it back. You are now left with only a few MC (remember, your currency is also floating in the market; you have maybe 1200 MC at hand). To pay back 500 WC, you need 1000 MC. But if you give 1000 MC right now, your remaining business will not be able to sustain itself with only 200 MC at disposal and you'll eventually end up bankrupt. You now think about possible way out. You plan to issue 2000 MC more, exchange 1000 MC for WC and return the loan. But if you issue more MC, the value of MC will be halved. Moreover, you can not think of cheating because the value of various currencies is now checked by Association of Auditors and you need to report any more printing of currency to them before it can be floated in the market, and all the currencies are numbered to keep the authenticity in check Basically, you are now left with only one option: to try to get your act together and grow your business back to what it was, and then further more to get enough MC with sufficient value, to be able to return the loan amount. Now in the above scenario, lets replace you with our country India, and replace mangoes you harvest with the economic activity that takes place in country; and replace your promissory notes, valuing to 100% of your harvest, to 100% of the economic activity in the country. Now, back to your question,: ,What happens when RBI prints more money to pay off bank loans? You should be able to guess it. ,More the money printed, lesser the value of currency,. Money flowing in the country is nothing but standardized promissory notes issued by RBI. They are equivalent to the total economic activity of the country. If the economic activity does not increase in proportion to the money printed by RBI, the value of Indian Rupee will go down. And obviously, value of MC will go down with respect to promissory notes issued by other people for other commodities. So when value of Rupee goes down, it does w.r.t other currencies, USD being one of them. Its not difficult to guess that loans provided by World Bank are in USD. If money is printed to pay off the loan, value of Rupee goes down, which means you need more Indian Rupee to buy USD. As you can see, you can not repay the loan unless you ,actually, have the money, over and above what you 'll need to run the country. P.S.,:, Up-vote and Comment.. ;) :P P.P.S.,:, In case of any wrong concept/explanation, please comment such, so that changes can be made. P.P.P.S.,: Sorry for the long answer, I was getting bored in office. ^_^
Why don't governments abolish taxation and print out all the money they need from a central bank?
I have read this somewhere on Quora and found it to be one of the best explanations. Give it a read. Let us say you are a farmer and you have mango plantation (keeping in line with the season's favorite :P). You do hard labor and work day and night and grow 100 kg mangoes every year. Now, one cannot live his life eating only mangoes, And since mango is a good seasonal fruit, good for health, and not to mention utterly delicious, there would be others who'd happily trade their farm products, say wheat, for some of your mangoes. Realizing this, you decide to exchange your mangoes for other products. You tell about it to your friend who has wheat farms. Incidentally, he happens to be a mango lover like me and together you develop a rate of exchange, with mutual understanding of course in this example, say, 5 kg mangoes for 10 kg of wheat. You give him 10 kg mangoes and get 20 kg wheat for your family, which you assume should suffice for 6 months. You do the same thing with your other friends as well in exchange for pulses, rice, vegetables etc. Now, past 6 months comes winter, and your supplies have started to diminish. Moreover, you do not have any mangoes to offer in exchange for wheat and other commodities. But without the commodities you wont survive for next six months. Now what should, or rather, what could you trade in exchange for wheat? You find a solution. You go to your best friend who trusts you a lot, and you promise to give him 5 kg of mangoes next summer for 10 kg of wheat right now. He thinks about it for a while. There are of course things to be concerned here. What if you refuse to give him mangoes later? What if the mangoes you give him aren't good quality? What if next year is a drought and there are no mangoes? Let us say for the sake of simplicity here that your friend here thinks about it but on goodwill and years of friendship, he trusts you and agrees. Similarly, you go to your other friends, gain their confidence and promise them some mangoes next summer for providing you with supplies right now. Now, what you have done here is that you have developed a trading system wherein you trade items and commodities for other items and commodities. And the trading currency is none other than the ",items and commodities,". But now, since you are trading with so many different people at different time, it is getting difficult for you to keep track of how much mangoes you owe to whom. So what you do is that you start handing over promissory notes to the people you trade with, with your sign on it and the amount of mangoes you owe them. So next summer, whenever you have mangoes harvested, people come to you, show you the promissory note with your sign on it, and take the mangoes. But there is a problem with this system,: you are promising X kg of mangoes which you have not harvested yet, i.e., which do not exist. Similarly you would have supplied mangoes to someone for a certain commodity he'll have in future but doesn't have it now. And then there is always a risk factor, i.e., next year maybe a dry one and you may not have enough mangoes to trade. Realizing this, you are worried now. You need a damage control. You consult this with your trusted friend and ask him how to avoid possible damage. Now this friend of yours is quite a trader himself and has traveled many cities and traded with many people. He tells you not to worry about it and that he'll let you on a little secret. He explains it to you how ,people will need mango no matter what,: after all it is a seasonal fruit and very delicious. Now if there is less growth of mangoes next year, then he can ask to negotiate exchange rates in his favor, i.e., more commodities for same amount of mangoes. Simply put, due to scarcity, his mangoes will become costly. You get it a little bit, but you are still confused. You wonder how will you negotiate rates when you do not know how much mangoes you are going to harvest next year; how can you negotiate when there is uncertainty? Your friend smiles, and tells you that you can. He suggests you to issue only a certain value of promissory notes, lets say 1000, and then do the trading with these notes after declaring their new meaning to the traders. These 1000 notes will represent 100% of your harvest, no mater how much you harvest. So if there is a guy with your promissory notes valuing to 100, he''ll have 10% of your harvest next summer, no matter how much you harvest. He can also decide to not exchange it for mangoes next year when there is a drought, and wait for next to next year hoping for more amount of mangoes then. Lets call your promissory notes as Mango Currency (MC) All goes good and the mangoes, being good quality and sweeter than its competitors, are valued more. People want to buy mangoes from you even if they have to pay more. This means the value of MC gets more, only a few people can afford it. The very lower class, who wants to eat mangoes but cannot get hold of MC due to its high value is suffering. This also causes you loss in business since people are now holding MC instead of trading it for mangoes since the value is increasing. Since mangoes are not being traded, they are rotting in the collecting compound with very less people to buy them, causing you huge loss. You now need to keep the value of MC in check so that people do not hold up to it. You go to your friend again and consult him on how to keep value of MC in check. He tells you to simply issue more promissory notes. Since the total sum of promissory notes is equal to 100 % of your harvest, if you issue 1000 more promissory notes in addition to the initial 1000 that you've had, the value of MC would be halved. 100 MC that was 10% of the harvest would now only be 5% of your harvest. (,This is also how RBI keeps the value of Rupee under check, else Economic activity of country would go down,) Now you have developed a good trade system and also know how to keep the value of MC under check by regulating the supply of promissory notes. Now you decide to expand your business. You go to your best friend who deals in wheat and has currency WC (Wheat Currency). He is already doing very good in business and has surplus money. You tell him about your plans to expand our business and your requirement of more money for expansion purpose. He listens to you and agrees to lend you some money at certain interest rate: he already has enough money and extra money sitting at home isn't earning him anything, so lending it to you for certain interest seems a good deal. You borrow 500 WC from him. Now WC is quite strong in market. So much that 500 WC costs around 1000 MC (how much % of wheat harvest it represents doesn't matter). Now, you use up all the WC for expansion but suffer heavy losses. All the WC went down into the drain. You bought some stuff from it and have it still, but it is not bringing you any revenue and nobody is ready to buy it back. You are now left with only a few MC (remember, your currency is also floating in the market; you have maybe 1200 MC at hand). To pay back 500 WC, you need 1000 MC. But if you give 1000 MC right now, your remaining business will not be able to sustain itself with only 200 MC at disposal and you'll eventually end up bankrupt. You now think about possible way out. You plan to issue 2000 MC more, exchange 1000 MC for WC and return the loan. But if you issue more MC, the value of MC will be halved. Moreover, you can not think of cheating because the value of various currencies is now checked by Association of Auditors and you need to report any more printing of currency to them before it can be floated in the market, and all the currencies are numbered to keep the authenticity in check Basically, you are now left with only one option: to try to get your act together and grow your business back to what it was, and then further more to get enough MC with sufficient value, to be able to return the loan amount. Now in the above scenario, lets replace you with our country India, and replace mangoes you harvest with the economic activity that takes place in country; and replace your promissory notes, valuing to 100% of your harvest, to 100% of the economic activity in the country. Now, back to your question,: Why don't governments which control their own currency simply create money to fund their deficits?, You should be able to guess it. ,More the money printed, lesser the value of currency,. Money flowing in the country is nothing but standardized promissory notes issued by RBI. They are equivalent to the total economic activity of the country. If the economic activity does not increase in proportion to the money printed by RBI, the value of Indian Rupee will go down. And obviously, value of MC will go down with respect to promissory notes issued by other people for other commodities. So when value of Rupee goes down, it does w.r.t other currencies, USD being one of them. Its not difficult to guess that loans provided by World Bank are in USD. If money is printed to pay off the loan, value of Rupee goes down, which means you need more Indian Rupee to buy USD. As you can see, you can not repay the loan unless you ,actually, have the money, over and above what you 'll need to run the country. SOurce: ,Akshat Agarwal's answer to Why can't Indian government pay world bank loan by just printing money?
What is Saturday nights Power Ball number going to be?
It is almost certainly going to be a real number. The official statistics that have been revealed so far, tell us that a complex number has never been selected. The mechanics of the selection process completely rule out irrational numbers because there is only one ball selected from a finite number of balls. So, it must be a rational number. Further, all the balls are imprinted with a positive integer. So the selection is not from ,Z,, it is from ,N, There are a finite number of balls in the power machine, if we are to believe the financial auditors, there are 26 of them, imprinted with the numbers 1 to 26. I'm going to stick my neck out here and say it will be a whole integer number between 1 and 26. I could be wrong :-( Thanks for the A2A. :-)
Where can I find companies for sale (in the range of $100 million to $300 million)?
Technically, anything listed on any stock exchange is for sale. For private equity companies I'd say that by the time you find out they are for sale it's already too late so it's a question of speaking to banks, auditors, the MC firms etc to see if they know of investment opportunities. I'd add that if you are doing this for the first time then buying a company with a Turnover of 100+ million may be little adventurous
How do Big 4 auditing firms differentiate themselves?
Lets Start with why a "Big 4" is a "Big 4"... these firms are not only the top revenue generating firms, but are the employers of talent and have a growing database of knowledge and experience. Having said that, Big 4 audit firms have a set 'Audit Methodology' of their own, which is being used globally. It's like they are the Mc Donald's/King Burger/etc (where taste of the product at any outlet will remains same)... in providing Assurance and Auditing Services. Big 4 Audit firms have set guidelines to follow while auditing any company for a specific industry. Any complex transactions that a Big 4 auditor may come across at any of their clientele, are referred to experts within the firm for a resolution. A large database with latest technical information is invested into which is accessible at all times by a Big 4 auditor to ensure that the service he provides to its clientele is error free and crisp. Big 4 auditors are inclined to know the clients business prior to audit of the financials. This helps in better understanding of transactions and auditing of the financials. Hope the above helps!
How do I start my payment service provider white label and how much cost for it?
Greetings! The question you are asking is rather common for the present-day merchant services industry. Many businesses are currently considering the prospect of becoming PSPs. From the standpoint of card networks (Visa\MC\Amex etc) and their member banks the term “payment service provider” is not an official one. A company can be an “indpendent sales organization (ISO)”, a “wholesale ISO”, or a “payment facilitator”. There are two conceptual aspects that you should address if you want to become a PSP: business and technical. Business aspect cocnerns finding and acquiring partner to underwrite you as a PSP (facilitator, wholesale ISO, etc). Technical aspect is about finding a platform and payment gateway solution for your company to handle the services you are going to provide. In order to adress these two aspects you need to take several important steps, such as: Select payment gateway software. You can use some third-party gateway, or some flavor of a white-label payment gateway (,Flavors of White-label Payment Gateway, are described here). Some payment gateway software products, such as ,UniPay Gateway, by ,United Thinkers,, can be initially used as hosted ones and then taken in-house as a licensed solution and customized in accordance to your particular needs. Find some PCI-compliant hosting (or implement you own environment). Keep in mind that PCI requirements increase the cost of this hosting. Organize card data storage and card data flow in a PCI-compliant way. The best thing to do in order to be on the safe side is to contact professional PCI auditors (such as Coalfire or Security Metrics) that will be able to tell you where you stand in terms of PCI compliance. Select your target banks and processors you need to partner with. The present-day “rule of thumb” is “partner with fewer acquirers and processors and bring all your sub-merchants to them”. Many acquirers still rely on legacy platforms, so keep that in mind. Roughly, the average cost of all these steps is $150, 000 to $300, 000 or more. More detailed cost estimates are provided in this article: ,Becoming a Payment Service Provider - Paylosophy, and in a free white paper for prospective payment facilitators: ,White Paper: How To Become a Payment Facilitator,. Consider reviewing our latest video about choosing the right payment solution that may prove helpful:
Why doesn't the government just start printing more money and use it for the development of India?
Here is one answer that will help you understand why printing Money is not that easy: Let us say you are a farmer and you have mango plantation (keeping in line with the season's favorite :P). You do hard labor and work day and night and grow 100 kg mangoes every year. Now, one cannot live his life eating only mangoes, And since mango is a good seasonal fruit, good for health, and not to mention utterly delicious, there would be others who'd happily trade their farm products, say wheat, for some of your mangoes. Realizing this, you decide to exchange your mangoes for other products. You tell about it to your friend who has wheat farms. Incidentally, he happens to be a mango lover like me and together you develop a rate of exchange, with mutual understanding of course in this example, say, 5 kg mangoes for 10 kg of wheat. You give him 10 kg mangoes and get 20 kg wheat for your family, which you assume should suffice for 6 months. You do the same thing with your other friends as well in exchange for pulses, rice, vegetables etc. Now, past 6 months comes winter, and your supplies have started to diminish. Moreover, you do not have any mangoes to offer in exchange for wheat and other commodities. But without the commodities you wont survive for next six months. Now what should, or rather, what could you trade in exchange for wheat? You find a solution. You go to your best friend who trusts you a lot, and you promise to give him 5 kg of mangoes next summer for 10 kg of wheat right now. He thinks about it for a while. There are of course things to be concerned here. What if you refuse to give him mangoes later? What if the mangoes you give him aren't good quality? What if next year is a drought and there are no mangoes? Let us say for the sake of simplicity here that your friend here thinks about it but on goodwill and years of friendship, he trusts you and agrees. Similarly, you go to your other friends, gain their confidence and promise them some mangoes next summer for providing you with supplies right now. Now, what you have done here is that you have developed a trading system wherein you trade items and commodities for other items and commodities. And the trading currency is none other than the ",items and commodities,". But now, since you are trading with so many different people at different time, it is getting difficult for you to keep track of how much mangoes you owe to whom. So what you do is that you start handing over promissory notes to the people you trade with, with your sign on it and the amount of mangoes you owe them. So next summer, whenever you have mangoes harvested, people come to you, show you the promissory note with your sign on it, and take the mangoes. But there is a problem with this system,: you are promising X kg of mangoes which you have not harvested yet, i.e., which do not exist. Similarly you would have supplied mangoes to someone for a certain commodity he'll have in future but doesn't have it now. And then there is always a risk factor, i.e., next year maybe a dry one and you may not have enough mangoes to trade. Realizing this, you are worried now. You need a damage control. You consult this with your trusted friend and ask him how to avoid possible damage. Now this friend of yours is quite a trader himself and has traveled many cities and traded with many people. He tells you not to worry about it and that he'll let you on a little secret. He explains it to you how ,people will need mango no matter what,: after all it is a seasonal fruit and very delicious. Now if there is less growth of mangoes next year, then he can ask to negotiate exchange rates in his favor, i.e., more commodities for same amount of mangoes. Simply put, due to scarcity, his mangoes will become costly. You get it a little bit, but you are still confused. You wonder how will you negotiate rates when you do not know how much mangoes you are going to harvest next year; how can you negotiate when there is uncertainty? Your friend smiles, and tells you that you can. He suggests you to issue only a certain value of promissory notes, lets say 1000, and then do the trading with these notes after declaring their new meaning to the traders. These 1000 notes will represent 100% of your harvest, no mater how much you harvest. So if there is a guy with your promissory notes valuing to 100, he''ll have 10% of your harvest next summer, no matter how much you harvest. He can also decide to not exchange it for mangoes next year when there is a drought, and wait for next to next year hoping for more amount of mangoes then. Lets call your promissory notes as Mango Currency (MC) All goes good and the mangoes, being good quality and sweeter than its competitors, are valued more. People want to buy mangoes from you even if they have to pay more. This means the value of MC gets more, only a few people can afford it. The very lower class, who wants to eat mangoes but cannot get hold of MC due to its high value is suffering. This also causes you loss in business since people are now holding MC instead of trading it for mangoes since the value is increasing. Since mangoes are not being traded, they are rotting in the collecting compound with very less people to buy them, causing you huge loss. You now need to keep the value of MC in check so that people do not hold up to it. You go to your friend again and consult him on how to keep value of MC in check. He tells you to simply issue more promissory notes. Since the total sum of promissory notes is equal to 100 % of your harvest, if you issue 1000 more promissory notes in addition to the initial 1000 that you've had, the value of MC would be halved. 100 MC that was 10% of the harvest would now only be 5% of your harvest. (,This is also how RBI keeps the value of Rupee under check, else Economic activity of country would go down,) Now you have developed a good trade system and also know how to keep the value of MC under check by regulating the supply of promissory notes. Now you decide to expand your business. You go to your best friend who deals in wheat and has currency WC (Wheat Currency). He is already doing very good in business and has surplus money. You tell him about your plans to expand our business and your requirement of more money for expansion purpose. He listens to you and agrees to lend you some money at certain interest rate: he already has enough money and extra money sitting at home isn't earning him anything, so lending it to you for certain interest seems a good deal. You borrow 500 WC from him. Now WC is quite strong in market. So much that 500 WC costs around 1000 MC (how much % of wheat harvest it represents doesn't matter). Now, you use up all the WC for expansion but suffer heavy losses. All the WC went down into the drain. You bought some stuff from it and have it still, but it is not bringing you any revenue and nobody is ready to buy it back. You are now left with only a few MC (remember, your currency is also floating in the market; you have maybe 1200 MC at hand). To pay back 500 WC, you need 1000 MC. But if you give 1000 MC right now, your remaining business will not be able to sustain itself with only 200 MC at disposal and you'll eventually end up bankrupt. You now think about possible way out. You plan to issue 2000 MC more, exchange 1000 MC for WC and return the loan. But if you issue more MC, the value of MC will be halved. Moreover, you can not think of cheating because the value of various currencies is now checked by Association of Auditors and you need to report any more printing of currency to them before it can be floated in the market, and all the currencies are numbered to keep the authenticity in check Basically, you are now left with only one option: to try to get your act together and grow your business back to what it was, and then further more to get enough MC with sufficient value, to be able to return the loan amount. Now in the above scenario, lets replace you with our country India, and replace mangoes you harvest with the economic activity that takes place in country; and replace your promissory notes, valuing to 100% of your harvest, to 100% of the economic activity in the country. Now, back to your question,: ,What happens when RBI prints more money to pay off bank loans? You should be able to guess it. ,More the money printed, lesser the value of currency,. Money flowing in the country is nothing but standardized promissory notes issued by RBI. They are equivalent to the total economic activity of the country. If the economic activity does not increase in proportion to the money printed by RBI, the value of Indian Rupee will go down. And obviously, value of MC will go down with respect to promissory notes issued by other people for other commodities. So when value of Rupee goes down, it does w.r.t other currencies, USD being one of them. Its not difficult to guess that loans provided by World Bank are in USD. If money is printed to pay off the loan, value of Rupee goes down, which means you need more Indian Rupee to buy USD. As you can see, you can not repay the loan unless you ,actually, have the money, over and above what you 'll need to run the country. Source: ,Why RBI can't "just" print more money !!!
What happens when the 1st lord of Taurus ascendant Venus and the 7th lord Mars conjunct in the 3rd house with Jupiter?
If mars is strong, its an excellent positions to deal/run import-export business, frequent travels related to business & also relishing tours. earns through foreign countries. good conjunction for communication skill, will be an orator, advocates, auditors, etc. Will suffer health issues in region of below neck & above diaphragm. Its due to the association of 6th lord venus, 12th lord mars, 8th &11th lord jupiter in 3rd house which is 4th of natural zodiac. [In zodiac mars is 8th lord, jupiter is 12th lord, venus is 2nd & 7th maaraka lords].
Can introverts be good managers?
Yes they can be! You see, being an introvert doesn't mean that your stereotypically shy and unable to stand up for yourself, but rather that you'd rather observe and think more about what goes on around you like most introverts. And such bosses (that observe) tend to use their observations to be very fair, and deal with situations accordingly. My department head (a qualified auditor) is such an introvert, and we even got him to MC with our Christmas function. Just because a person is an introvert doesn't make them incompetent to be in managing positions.
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