Personal Development Paper Essay Example | Topics and Well Written Essays - 1000 words

Personal Development Paper - Essay Example Before the eight stages of development, the prenatal stage is the first stage in personal development. In this case, B. Newman and P. Newman (2011) noted, that life development started after inception. Although my mother provided scanty details about my life when I was in her womb, the scanty information that she provided me with indicated that I used to kick her womb when my father was supporting her during the pregnancy. In addition, I could kick and turn every time that my father touched her bulging stomach. Perhaps an indication that I was happy with life. The infancy stage, which is the period after birth to two years, is â€Å"a period of strikingly rapid development† (B. Newman, & P. Newman, 2011). At this stage, I experienced physical growth and started showing coordinated partnered behavior. My mother told me that I was able to develop an attachment with her within the first month of birth. In this case, she told me that I was able to develop a sense of trust in her since she was always available every moment that I required her in my life. Hence, I developed the cognitive aspect that made me realize when she was available and when she was not available. In addition, my mother told me that I was able to grow physically and weighed more than twice my birth weight one year after I was born. B. Newman and P. Newman (2011) identified the second stage as the stage of toddlerhood, which is the period between 2 and 3 years. In line with this, my mother told me that I was playing around at this age and was always busy and enjoyed every moment of my life while exuding confidence by doing things on my own, which is an indicator that I was developing a sense of autonomy. I realize that I developed this sense of autonomy due to trust that I developed in my mother during the infancy stage. On the other hand, I was able to develop the cognitive aspect of speech, and I

Monetary Control Coursework Example | Topics and Well Written Essays - 250 words

Monetary Control - Coursework Example It is very interesting to note that a bank losses money when a loan is repaid. The currency is destroyed and disappears from the economy entirely. Open Market Operations are one of the primary tools that the Federal Reserve employs to accomplish its monetary policy objectives (Axilrod, n.d.). They entail the acquiring and selling of government securities. The Federal Reserve has no power to choose whom it engages in business activities. The primary dealers operate on a price basis to gain access to the open market operations. Open Market Operations facilitate the Federal Reserve to influence the supply the reserve balances in the banking system. The effect is on short-term interest rates to spread to other monetary policy targets (Axilrod, n.d.). Open Market Operations allow central banks the flexibility to manage the volume of financial operations on their initiative. The domestic trading desk of the Federal Bank of New York under the supervision of the Federal Open Market Committee conducts open market transactions (Axilrod, n.d.). The federal funds rate does respond to changes in demand for and supply of the reserves in the banking system. It, therefore, shows a good sign of the existence of credit in an