Subject Code : UJGUPF-15-M
Assignment Task:

Task:

Assessment Instructions
Please answer ONE question only, from the choice of questions below:
1) In Moss v Hancock [1899] 2 Q.B. 111 Darling J relied upon the following definition of money:
“that which passes freely from hand to hand throughout the community in final discharge of debts and full payment for commodities, being accepted equally without reference to the character or credit of the person who offers it and without the intention of the person who receives it to consume it or apply it to any other use than in turn to tender it to others in discharge of debts or payment for commodities.” Critically consider whether cryptocurrencies meet all of part of this definition of money.
2) Outline and critically discuss how informal payment systems can act as viable alternatives to the formal banking system by providing access to finance in developing countries.
3) In light of recent financial scandals, critically analyse the role of financial secrecy jurisdictions in the 21 st century, including arguments for and against the retention of secrecy.

 

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  • Posted on : March 15th, 2019
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