I watched the daily stock news in order to know which enterprise I can invest to.
6.
Solving the psychological problems of stimulation using the financial system
I want to create a new enterprise and I need start-up capital; I ask help from my relatives or my friends because I know them and they know me. I believe they don’t tell my ideas to anybody and have faith in me even if have some problems at the beginning.
Task 5. Write a short essay of 5-7 sentences on the theme “Why do we need financial innovations?” Describe one example of financial innovations that you think to be the best one.
Financial innovations are identified with innovations (new products, materials, processes, methods, etc.), and as a process, they are considered as changes aimed at developing, mastering, disseminating and using innovations. Innovations are interpreted as the result of an innovation process that develops over time and has clearly defined stages. Financial innovations help enterprises to make more profit and create sustainability in the marketplace.
These days there are so many financial innovations such as money transfers with cashback. There are numerous apps that give different kinds of opportunities to get cashbacks. That’s why people prefer to install those apps and use them instead of transferring their money just offline. Personally, I use app called “click”. This app is really handful and offers different kinds of cashbacks and I can easily collect money by transferring my money.
Task 6. You have studied themes “Financial market rates”, “Modern (practical) financial intermediaries”, and “Modern (practical) financial infrastructure and regulation of the financial system”. Choose one aspect or paragraph of one of three themes and write a short essay of 7-10 sentences on this aspect.