Question

What are some similarities and differences between the United States and European money markets?

Answer 1

Answer:

There are many differences between European countries and the United States.

The following are examples:

CULTURAL: Advertising in many European countries often contains nudity. Some Europeans are not as concerned with body odor and cleanliness as are people in the United States.

SOCIAL: People in the United States are often more serious and aggressive about religion than people in some European countries. Sports fans (particularly those of soccer) in Europe are much more fanatic and violent; in some cases, large fences are needed to separate the fans of different teams.

ECONOMIC: European countries in general place a greater emphasis on public transportation (train and bus) than does the United States. Many European countries face much higher inflation rates than does the United States.

POLITICAL/LEGAL: In some European countries, bribes and payoffs are common business practices. Other countries allow the sale of narcotic drugs without prosecution. Prostitution is legal in some countries.

TECHNOLOGICAL: Most countries outside the United States use the metric system. Television and radio are often not as widespread as they are in the United States.

key similarities in government policies and actions in response to the crisis:

1) Both European central bank and US federal reserve banks reduced the inter bank rate to zero or near zero.

2) Huge stimulus was provided through open market operations and decline in tax rates to improve economic conditions

3) Bailout financial institutions

ETHICAL NORMS:

Do no harm.

This means consciously avoiding harmful actions or omissions by embodying high ethical standards and adhering to all applicable laws and regulations in the choices we make.

Foster trust in the marketing system.

This means striving for good faith and fair dealing so as to contribute toward the efficacy of the exchange process as well as avoiding deception in product design, pricing, communication, and delivery of distribution.

Embrace ethical values.

This means building relationships and enhancing consumer confidence in the integrity of marketing by affirming these core values: honesty, responsibility, fairness, respect, transparency and citizenship.

ETHICAL VALUES:

Honesty