Eco Assignment Essay Example | Topics and Well Written Essays - 1500 words

Eco Assignment - Essay Example are the amount of funds that commercial banks must hold in reserve against deposits, and third, is by changing the discount rate or interest rate charged to commercial banks.( Shad Satterthwaite) These tools are used to increase or decrease money supply. For example, when the government wants to control inflation, the Federal Reserve can sell government securities to raise money. This money will be used to alter banks’ reserve thereby reducing money circulation. When there is a smaller supply of money, there would be less to spend which would eventually lower the prices of goods. Federal Reserve may also increase interest rates making it more expensive to borrow. In this case, consumers will rather save which in turn will result to lowering of prices. The reverse process can be done to increase money supply. The effect of monetary policy can be described in the following scenario. To the man on the street, monetary policy doesn’t make sense; news about easy or tight money could go unnoticed, for after all, he receives exactly the same take home pay, eat the same food on the table, and can still purchase the same amount of goods on credit. However, let us consider this situation in business places where â€Å"easy† and tight† money could be readily observed. At one time or the other, we see offices busy with extra activities, while in another setting, we see the office like nothing is happening. Upon study, we see that the extra activities are brought about by expansion plans made possible by the easy monetary policy for investments. On the other hand, when money is tight, business activities are almost idle and there are no plans for expansion. Monetary policy is a move to regulate the supply of money that causes upward or downward changes in the amount of funds available to investors and producers. To regulate the supply of money, the Central Bank Federal Reserves must strike a balance between the demands for fund for growth and requirements of

E-government benefits Research Paper Example | Topics and Well Written Essays - 1500 words

E-government benefits - Research Paper Example Convenience is also characterized by availability of many channels brought about by e-government that enables the citizens to choose where and when to receive government services. In addition, citizens with disabilities do not have the trouble of moving from one geographical area to the other seeking government services. Secondly, e-government has simplified application processes. Yigitcanlar & Baum (2006) asserts that citizens can easily apply for government services easily. Through the government websites, a citizen can get answers to his or her question without wading through hundreds of irrelevant information. With e-government, records can be signed digitally, certified legally and delivered electronically to the appropriate locations via the internet. Information can easily be accessed using a standardized feel and look using MassCares suite applications. A MassCares suite application has enabled citizens to serve themselves because routine work of government officials has been automated. In addition, citizens can visit many government agencies with a click of the mouse. With e-government, application process has also been made simpler through single-windows and single-sign –on. Third, e-government has increased citizen’s effectiveness and efficiencies. ... Citizens have found out e-government reduces the amount of time, money as well as materials spend on seeking government services. This is because correspondence between the government officials and citizens can be done via email, shot messaging services or chat rooms. Furthermore, e-government has reduced the chances of citizens making errors in application because automation informs the user in real-time when the error occurs and allow him or her to rectify it on the spot. Effectiveness and efficiency brought about by e-government has enabled some citizens to plan better their personal and professional work. Fourth, e-government has increased democratization. Citizens can easily express their opinions on government policies and activities via online surveys or blogs. In fact, it has been established that citizens especially those who are younger participate on online discussions of political issues and are appealed by e-voting procedures. The citizens can easily exert direct and pro minent influence to legislative processes by increasing their political participation on issues affecting them. According to Roy (2004), e-government allows citizens to interact with government officials as well as politicians on major issues affecting their lives. Instant-messaging, online interactive survey, audio/video presentations and blogging will allow government officials and politicians see and understand people’s views (Alston, 2003). Fifth, e-government has increased transparency and accountability in government agencies. With e-government, citizens (voter) are allowed to get insight on how government decisions and policies are made in real time basis.