MGT604 - Management of Financial Institutions (alt. code=BNK604)

Re: MGT604 GDB 1 Solution and Discussion

SEMESTER FALL 2019 MANAGEMENT OF FINANCIAL INSTITUTIONS (MGT604) Due Date: 24 January, 2020 Learning Objectives: MARKS: 10 ASSIGNMENT The objective of this assignment is to introduce students with the practical procedure of importing goods using letter of credit. Scenario: Mr. Haseeb is an importer in Pakistan; he plans to import goods from Mr. Kim, who is a supplier of these goods in Korea. To minimize the risks of international trade Mr. Kim asked the importer to open a letter of credit. Mr. Haseeb is currently dealing with Citibank and advising bank in this case is Shinhan Bank. Requirement: Being a student of Management of Financial Institutions, you are required to describe the complete procedure (step by step) of importing the goods by using letter of credit. IMPORTANT: 24 hours extra / grace period after the due date are usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience. OTHER IMPORTANT INSTRUCTIONS: DEADLINE:  Make sure to upload the solution file before the due date on VULMS.  Any submission made via email after the due date will not be accepted. FORMATTING GUIDELINES:  Use the font style “Times New Roman” or “Arial” and font size “12”.  It is advised to compose your document in MS-Word format.  You may also compose your assignment in Open Office format.  Use black and blue font colors only. REFERENCING GUIDELINES:  Use APA style for referencing and citation. For guidance search “APA reference style” in Google and read various website containing information for better understanding or visit http://linguistics.byu.edu/faculty/henrichsenl/apa/AP A01.html RULES FOR MARKING Please note that your assignment will not be graded or graded as Zero (0), if:  It is submitted after the due date.  The file you uploaded does not open or is corrupt.  It is in any format other than MS-Word or Open Office; e.g. PowerPoint, PDF etc.  It is cheated or copied from other students, internet, books, journals etc. Note related to load shedding: Please be proactive Dear students! As you know that Post Mid-Term semester activities have been started and load shedding problem is also prevailing in our country now a days. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments, quizzes or GDBs.

Total Marks 5 Starting Date Friday, November 15, 2019 Closing Date Thursday, November 21, 2019 Status Open Question Title Central Banking Question Description Management of Financial Institutions (MGT604) Graded Discussion Board Topic: Central Banking and the Conduct of Monetary Policy Objective: Students will be able to learn and compare monetary policies of different central banks. Central banks play a crucial role in stabilizing the economy of the country by designing the monetary policy. Monetary policy affects the money supply, interest rates and amount of credit that directly impacts the aggregate output and inflation. By analyzing the conduct of monetary policy of State Bank of Pakistan and of other countries’ central banks we can evaluate the conduct of monetary policy in the past and can guess the future moves. You are required to go to the website of State Bank of Pakistan at http://www.sbp.org.pk/ and of European Central Bank at http://www.ecb.europa.eu/home/html/index.en.html to determine their strategies regarding monetary policy and then explain briefly how the application of monetary policy of European Central Bank differs from State Bank of Pakistan. Note: Your solution should be comprised of two parts; 1st determine the strategies for monetary policy of the both central banks and explain the distinct points. Your solution should be in your own words and write concisely. Complete your comments within 300 words. Important Instructions: Solution must be provided in the recommended format Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course. Obnoxious or ignoble answer should be strictly avoided. Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over. Your discussion must remain specified to the context of the case.