Group: mm 55Ithe Theme


Participating economic entities



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Task Theme 2.9 Example (3)


Participating economic entities

Household and enterprise

2.

Name of used and formed money funds

Budget of company and my budget (personal budget)

Features of financial relations

3.

Money nature

Yes. Budget of company pays the wage to me

4.

Distributional nature

Yes. Budget of company distributed the wage to me

5.

Fund nature

Yes. Budget of company and my budget (personal budget)

6.

Mandatory or optional nature

Mandatory. Budget of company officially pays the wage to me as worker

7.

Frequency of implementation

Once a month

8.

Degree of regulation by the state

Yes totally regulated by the state

9.

Participants

Household and enterprise

10.

Attitude to the economic entity itself

Outside from the enterprise to household

What will be finance in this situation?

11.

A system of money relations

Yes. Budget of company officially pays the wage to me as worker

12.

A historical category

No.

13.

An economic category with a number of distinguishing features

No.

14.

An important part of the state economy

Yes. The company pays tax to state budget and decrease unemployment rate

15.

A science that studies various aspects of financial relations of economic entities

No

16.

An academic discipline studied by students

No

Functions of finance

17.

Accumulation function (or the function of forming money funds)

Yes. I received wage and formed my personal budget

18.

Distribution function (or function of using money funds)

Yes. Budget of company distributed the wage to me

19.

Control function

Yes. Both of entities checked the money

20.

Regulatory (stimulating / restricting) function

Yes (restricting) because my salary was reduced by the company

21.

Reproduction function

Yes for enterprise it is repeating expenses

22.

Social function

Yes. It influence to increase my living of standart

23.

Stabilization function

No

Your score will be calculated as

Number of right answers / 23 x 5 (5 is maximal score)
For example, you have 20 right answers. Your score will be:
20 / 23 x 5 = 4,35 or 4

EXAMPLE
Dear students, please, imagine a situation / a case (or find it in the Internet on the news sites), which would describe the real movement of money between different economic entities (the state, an enterprise or a household). Write this situation in the box below and give it a comprehensive analysis filling in the Table 2.
Situation / case


From the Fund for Reconstruction and Development (FRD RUz), $ 100 million is allocated for projects in the service sector, or more than 1 trillion sums of credit resources. The corresponding Decree was signed by the President of Uzbekistan on June 16, the press service of the head of state said.

According to the Ministry of Justice, loans will be provided to commercial banks for a period of 7 years, including a three-year grace period with an interest rate 4% lower than the main rate of the Central Bank, which is now 15%.



Loans can be used to create and equip enterprises, especially those operating in the field of consumer services, education, medicine, information technology and other in-demand areas. They are allocated to enterprises at the main rate of the Central Bank of up to 1 billion sums.


Please, type the Internet link: https://www.gazeta.uz/ru/2020/06/16/credits/


Table 2

Analysis of the situation / case


No.

Name

Description

1.

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