Essays on Personal Finance

The Federal Reserve System The Federal Reserve System was established in 1913 with the goal of providing the nation with a more flexible, safe, and stable financial and monetary system. Its functions in the economy and banking system have grown over time. Its primary tasks include banking supervision, monetary policy, and...

The Island, Gattaca, and Michael Bay's Films The films "The Island," "Gattaca," and "Michael Bay's" depict universes where free choice and emotion triumph over the rational and scientific aspects of existence. In this paper, "Gattaca" and "The Island" will be compared philosophically. Free Choice and Determinism in "The Island" In "The Island," free...

The fundamental advantage of insurance The fundamental advantage that people gain from the insurance market is the ability to control potential risks in their personal lives as well as in their commercial activities. From the standpoint of the economy as a whole, insurance markets do not eliminate risks, but rather spread...

The global financial crisis of 2008-2009 The global financial crisis of 2008-2009 likely altered popular wisdom in a variety of ways. Many people saw financial markets as a secure place to invest their hard-earned money. Furthermore, the availability of financial instruments has grown throughout time, providing investors with the chance to...

The economic theory that would support professional athletes' huge earnings is that the cost of anything is what you give up to obtain it. Athletes, for example, are paid well for their expertise in their industry. The corporation that pays them foregoes significant sums of money in order to pay...

The transmission of information from a source to a destination is essential for communication. But, the dependability of the means of exchange is called into doubt. Certain information is critical and must be kept confidential in order for the operations to proceed successfully. The military and other huge government entities, such...

The Trigon Blue Cross/Blue Shield copayment issue The Trigon Blue Cross/Blue Shield copayment issue is the basis for the ethical review case study, which centres around the topic of price transparency and price discrimination. Gerald Haeckel, a retiree from Richmond, Virginia, raises the matter after discovering evidences of pricing transparency and...

The United States' Health-Care System The United States' health-care system is widely regarded as the most expensive on a worldwide scale, accounting for more than 18% of the country's GDP (Pearl, 1). However, in terms of quality, from people's life expectancy to child mortality rates, their systems are regarded as being...

The Relationship Between Bond Ratings and Yield-to-Maturity The yield-to-maturity rises when the bond rating falls; for example, the A-rated bond (Exxon Mobil) yields less (2.88%) than the C-rated bond (Chesapeake, 8.01%). The ratings analyze bond issuers' ability and desire to pay regular interest and repay principal at maturity (Henry, Kisgen, &...

There are numerous advantages to planning for retirement at a young age. According to a new study, persons who have recently entered the labor sector may notice a significant drop in their earnings before the age of forty (Oxlade). As a result, it is prudent to establish a retirement portfolio...

There are several currencies in the world today, most of which are tied to a single country and hence only useable inside the borders of that country. The most common currencies include the dollar, euro, pound, and yen, among others. Bitcoin is the first decentralized digital currency, and the Bitcoin...

This sort of crime was originally discussed in Sutherland Edwin's first book, "White Collar Crime," published in 1939. It is typically difficult to describe because anyone can commit this crime through the use of money, which is also used in many other actions. A simple definition of white collar crime...