Professional Documents
Culture Documents
Solution Manual For Financial Reporting and Analysis 5th Edition by Revsine
Solution Manual For Financial Reporting and Analysis 5th Edition by Revsine
Chapter 01 - Functions and Roles of Financial Institutions and Markets in the Global Economy
Chapter Outline
1.1. Introduction to the System of Financial Institutions and Markets
1.2. The Global Economy and the System of Financial Institutions and Markets
1.2.1. Flows within the Global Economic System
1.2.2. The Role of Markets in the Global Economic System
1.2.3. Types of Markets
1.2.4. The Financial Markets and the Financial System: Channel for Savings
and Investment
1.2.4.1. Nature of Savings
1.2.4.2. Nature of Investment
1.3. Economic Functions Performed by the Global System of Financial Institutions
and Markets
1.3.1. Savings Function
1.3.2. Wealth Function
1.3.3. Liquidity Function
1-1
1-2
Chapter 01 - Functions and Roles of Financial Institutions and Markets in the Global Economy
2. What are the principal links between the financial system and the economy?
Why is each important to the other?
Answer: The principal link between the financial system and the economy is the
Financial Markets. The financial markets channel savings to those individuals and
institutions needing more funds for spending than are provided by their current
incomes. The financial markets are the heart of global financial system, attracting and
allocating saving and setting interest rates and prices of financial assets (stocks, bonds,
etc.).
1-3
Another random document
un-related content on Scribd:
the luminaries only be found in masculine signs, men will excel in their
nature, or, in other words, will possess in full plenitude the properties
becoming their sex; while the properties of women, who are thus
constituted more masculinely and more actively, will deviate from the usual
limits of nature. But, if both Mars and Venus, or if only one of them, be
likewise masculinely situated, men will be freely and promptly inclined to
natural intercourse and connexion; and women will be, in like manner,
licentious and intemperate in intercourse beyond nature. Their desires will
be practised in privacy, and not openly, should only Venus be situated
masculinely; but shamelessly and publicly, if Mars also masculinely placed,
together with Venus.
But, if the luminaries only be in feminine signs, women will then
possess their natural functions in greater plenitude, and men will deviate
from the limits of nature towards effeminacy and wantonness. And, if Venus
be femininely posited, women will be lustful and licentious, and men
wanton and soft; seeking connexion contrary to nature; yet in privacy and
not openly: but, if Mars be posited femininely, they will then put their
desires in practice shamelessly and publicly.
The oriental and diurnal positions of Mars and Venus also contribute to
more masculine and more reputable qualities; and their occidental and
vespertine[212] positions to qualities more feminine, and more sordid.
Lastly, if Saturn be in familiarity with them, he will likewise co-operate,
by tending to produce greater impurity and obscenity, and greater evil
altogether; but Jupiter, if in familiarity, tends to greater decency and
modesty, and altogether to better conduct; and Mercury to greater mobility,
diversity, activity, and notoriety of the passions.
E T B
BOOK THE FOURTH
CHAPTER I
PROEM
All those circumstances have now been set forth, which occur
previously to the birth, as well as at the actual birth, and after it, and which
it seemed necessary to mention, as conducing to a knowledge of the general
quality of the contemperament produced. And of the other points, now
remaining, by which extrinsic events[213] are contemplated, those regarding
the several fortunes of wealth and of rank claim to be taken first into
consideration. Each of these fortunes has a distinct relationship; for
instance, that of wealth relates to the body, and that of rank to the mind.
CHAPTER II
THE FORTUNE OF WEALTH
With respect to friendship and enmity, it may be observed that great and
lasting familiarities, or disagreements, are respectively called sympathies
and enmities; while the smaller, such as arise occasionally, and subsist for a
short time only, are denominated casual intimacies and strifes: the whole
are to be contemplated according to the following rules.
Indications of great and lasting friendships, or enmities, may be
perceived by observation of the ruling places, exhibited in the respective
nativities of both the persons, between whom the friendship or enmity may
subsist. It is consequently essential to observe the places of the Sun, the
Moon, the ascendant, and the part of fortune; for, should all these in both
nativities be in the same signs, or should either all or most of them be
counterchanged in position in each nativity, and especially should the two
ascendants be within the distance of seventeen degrees from each other,[252]
they will create fixed and indissoluble friendship. On the other hand, should
they be in signs inconjunct, or in opposition, they will produce great and
lasting enmity. If, however, they be not constituted in either of the modes
above mentioned, but merely configurated in signs,[253] they will then
produce minor friendship; provided such configuration exist by trine or
sextile; but, if by quartile, they will excite minor enmity, so as to take effect
at certain particular times, in which the friendship remains, as it were,
inactive and subdued, while the malefics transit the configuration: and, in a
similar manner, enmity also will be softened and abated, when the benefics
may enter upon the configuration.[254]
The friendship and enmity, which men bear towards each other, may be
classed under three general heads. One kind is suggested by spontaneous
wilfulness; another, by the idea of profit; and another, by pain and pleasure
mutually excited.
And, therefore, should either all or most of the aforesaid places be in
familiarity with each other, friendship of all the three kinds will be
established: so, also, should the places be entirely without familiarity,
similar enmity will be established. If, however, familiarity, or absence of
familiarity (as the case may be), exist only as regards the places of the
luminaries, friendship or enmity will then be established by spontaneous
will; and friendship thus produced is the best and most secure; while, on the
other hand, enmity so arising is, in like manner, the worst and most
dangerous. The friendship, or enmity, consequent on the familiarity or non-
familiarity of the respective parts of Fortune, will be established on the idea
of profit; and that, consequent on a similar disposition of the respective
ascendants, will arise from pain or pleasure mutually excited between the
parties.
It will, however, be necessary to pay still further attention to the places
in question, in order to observe whether any and what planets may be in
elevation above them, or in aspect to them; because, among all the said
places, that particular one, to which any planet in elevation, or in
succession, may be adjacent, whether in the same sign, or in the next, will
possess the more powerful influence over friendship or enmity: and
whichever place may have its aspecting planets more powerfully benefic,
will operate in a greater degree[255] to advantage in friendship, and to the
relaxation of enmity. The foregoing instructions are applicable to such
friendships or enmities as are great and lasting.
But, in the case of others, which subsist only occasionally, and which
have been defined as casual intimacies and strifes, it is essential to make
observation of the motions of the planets, as exhibited by each nativity; that
is to say, the times are to be calculated, on the completion of which the
motions of the planets of one nativity will cause them to enter on certain
places of the other nativity; for it is at such periods that certain particular
friendships and enmities occur, continuing for a short time, until the said
ingress of the planets shall have passed over.
For instance, Saturn and Jupiter, when making ingress upon each other’s
places, produce friendship by certain agreements, or engagements, relating
either to agriculture or to inheritance: Saturn and Mars create contention
and treachery spontaneously entertained: Saturn and Venus, friendship
between kindred; liable, however, soon to grow cool: Saturn and Mercury,
friendship on account of business, or profit, or some secret art or mystery.
Jupiter and Mars create friendship in the direction of affairs, and by
means of dignities; Jupiter and Venus also create friendship by means of