Here is the synopsis of our sample research paper on The Role of Credit Card in Creating Money and Raising Living Standards due to the Impact on National Economies. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 34 page paper argues that credit cards in the mass market will have a positive benefit on that economy, playing an important role in terms of credit creation which will increase the living standards in the country, directly due to the multiplier effect of the credit creation leading to more money in an economy indirectly as a result of the spending increasing the aggregate demand in an economy. The paper looks at the way credit creation takes place, considers the underlying economic theory, the development and use of credit cards and then examines 2 major credit card companies; VISA and American Express and the regional retail sales value figures in order to assess the level of credit creation that may be taking place. The bibliography cites 15 sources.
Page Count:
34 pages (~225 words per page)
File: TS14_TEcreditc.rtf
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Unformatted sample text from the term paper:
Creation Controls 8 3.2 Impact of Changes in the Money Supply on an Economy 12 3.2.1 Classical, Keynesian and Monetarist Economic Approaches 12 3.2.2 The Multiplier Effect 17 3.3 The Role and Use of Credit Cards 22 3.3.1 Product
Development 23 3.3.2 Modern Credit Cards 26 4. FINDINGS 31 4.1 Visa 31 5. CONCLUSION 35 REFERNECES 36 1. Introduction Credit cards have become a way of life, they have many advantages when compared to
cash, there is the aspect of convenience, only having to carry a single card, and being presented with a single itemised bill at the end of a month, credit cards
are more suitable for use with remote transactions, such as internet and telephone orders, at the same time the development of technology has also created a system where, in many
countries credit cards are an almost paperless transaction where funds can be transferred to the supplier at a rapid rate. A key characteristic of a credit card, which separates
it from a debit or payment card, is the ability to grant the user credit. The credit is based on a revolving style, money can be borrowed and repaid, the
term of the borrowing and level will be determined by a number of factors, the type of card, the profile of the user and the market in which the card
is being issued. In the past the role of the credit card was that of a facilitator, allowing the spending to take place, but not as a stimuli. This
was an approach seen at best as a positive move that could help support sales along with other forms of credit, and at worst a system, of borrowing that could
stem spending create debt and ruin an economy (Kaynak, 1954). Today credit cards are seen as more than slimily a tool of facilitation that allows commerce to take place, they
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