ISO 4217

The Canadian Dollar The Canadian Dollar or C$ has a tremendous impact in our financial world. It is one of the most internationally known currencies in the world, and in multiple countries is the reserve currency It is the sixth most traded currency in world. A reserve currency is a currency that is held in large quantities by governments as a part of their foreign exchange reserves. Throughout its introduction in the early 1800’s the Canadian dollar has been a very prominent currency worldwide. The first form of currency introduced in Canada were material items such as furs and skins of animals, most commonly the beaver. Wampum (small beads made out of shells) were a popular form of exchange as well. During the 1700s, the first coin made out of copper emerged. Throughout the 1700s there were many difficulties with the coins because of the changing value throughout the different colonies. In 1817 The Montreal Bank issued the first official bank notes, and since continued to grow throughout the centuries. In 2011 the first polymer banknote was issued in Canada. Previously the bank notes were made out of cotton. One of the most common Canadian banknotes is the $20 polymer note (pictured below). On this note their are many specific design features and designs for counterfeit fraud. The polymer note that was issued in 2011 has many images that represent the country's history. On the front side is a picture of Queen Elizabeth II, Canada’s head of state. The note also adorns…

Explain what is meant by an equilibrium exchange rate. The equilibrium exchange rate is commonly defined as the currency rate of exchange where both the currencies being supplied is equal to the demand for it (Economics Online, 2014). According to Glossary of Statistical term (2002), the equilibrium exchange rate that is equal to currency’s purchasing power parity. It is determined differently using different monetary standards. The equilibrium exchange rate can be stable in addition to being…

When the Europeans colonized Africa, they did little to ensure that the colonies would be self-sustaining after they left, no less even stop to think that they might eventually leave. Thus, when the last European powers officially drew out in the late 20th century, these previous colonies were left to handle themselves with little outside help or guidance. This led to violence, chaos, and a rotation of crises across Africa. Particularly in Zimbabwe, where Prime Minister Mugabe gained power in…

Silver dollar, Mylossoma aureum Introduction and description: Silver dollar is a common name for a fish species that belongs to the Characidae family; Dollar d'argent is another common name. These fishes have metallic color with deep and compressed body. During growth, the depth of the body becomes comparatively less than its length. This growth phenomenon is called negative allometry. While the juveniles are coin-sized, adults can grow to about 20.0 cm TL. The species is almost entirely…

inspection from the customer to the supplier. At this time supplier were using 3rd party inspectors to guarantee products to customers and no inspections were being done in house. Finally, in 1979 the BSI organized meetings with industries to set common standards of quality assurance. Key industries agreed to drop their own standards and instead follow only the one set by the BSI. This helped to demonstrated that Industrial production was more controlled and reliable. (Bureau, 2016 ) Though…

Risk Management: Risk Management is a methodology for distinguishing, evaluating, and prioritizing risk of various types. When the risks are distinguished, the risk manager will make a plan to minimize or wipe out the effect of negative occasions. An assortment of techniques is accessible, contingent upon the sort of risk and the kind of business. There are various risk management guidelines, including those created by the Project Management Institute, the International Organization for…

The risk assessment process consists of risk identification, risk analysis, and risk evaluation (Fraser & Simkins, 2010 p. 11). Risk identification involves identifying risks that are associated with the organization decisions, policies, and guidelines. It uses historical data in relation to credit risks, operational risk, market risks, technological risks, human behavior risks, country risks, and any other risks that may be deemed appropriate. If can be useful and necessary to use scenarios as…

Wave in this situation, may exhibit fewer budget imbalances than one with many divisions (Ray & Goldmanis, 2008). Evidently, each division from NMC acts as a profit center and therefore the goal is to maximize the profit for each of their division. It is a challenge for both divisional managers from Classic and New Wave to obtain goal congruence through management by objectives (MBO) (Hilton & Platt, 2014). Both of the divisions need to participate in setting goals that are expressed in…

resources It’s said that the employees are a company’s most appreciated resource. In the standard, it is believed that the employees must be catered for in order to produce the quality the organisation desires. The standard states: The ISO 9001:2008 standard requires that personnel performing work affecting product quality must be competent, based on their education, training, skills and previous experience (Iso-9001-checklist.co.uk, 2012) It is essential that human resources are kept…

Currently, IT industry is going through a revolutionizing change. Competing market emphasizes us more on first time right delivery and zero delayed delivery. Also, the industry has changed a lot the way it operates or the technology it adapts. Now the question put forth is can the technology or the mode of operations help us to achieve the two goals stated above? Earlier people used to pedal a bicycle to reach their destination. At that point of time the problem was to reach a place with…