Examine how the family has changed since the 1940s Essay Example

Examine how the family has changed since the 1940s Essay There has been a notable revolution in the family since the 1940s to the present. There have been varying theories that present differing perspectives on the reason for the family’s changing role. It is precisely within this context that the paper shall evolve in, offering a discussion on the theories that explain this phenomenon.Foremost is the theory of Talcott Parsons in the 1950s which tackles socialisation. Being a functionalist thinker, he proposed that the family is primarily for security and it is within this backdrop that he explains the changes within the family as a social institution. It is perhaps worthy to note that Talcott Parsons (1902-1979) lived within a white middle class society and was an advocated of functionalism. He staunchly advocated the idea that socialisation is a core driver of behaviour, and is likewise key to comprehending the rationale behind our actions. Social structures, including the family, religion, and media are channels through which we pass on our beliefs, attitudes, and behaviour. Likewise, these channels are means through which values and norms are imbibed by the next generation.Law and religion are thus offshoots of these socialisation structures which further perpetuate what have been inculcated in us within the family. Ultimately, the family is the starting point through which social solidarity and integration are attained in society. There are several social influences to the family, including the government, media, and the police which somehow exert subliminal if not direct impact on the values and norms exercised by family members. Being born into a society logically means that we are exposed and sensitised to the factors that operate within it and are therefore influenced by these through socialisation. He likewise notes that as society progressed, religion has lost its past glory and luster.Talcott Parson’s views are in part similar to that of Irene Breugal who advocates the idea that women are re latively easy to enlist in the workforce but are just as easy to terminate. Thus, they are compelled to work when they are forced to do so, which suggests that it is not an intrinsic need for them to do so. Being a Marxist feminist, she also believes that women are never unemployed because they are inherently ‘destined’ to carry out housekeeping and child rearing. These views are in stark contrast with those of Betty Friedan and Ann Oakley who concur in saying that women are demotivated and bored with staying at home and would want to experience a strong sense of fulfillment by being employed. They are also lobbying for equitable treatment of women. It is worthy to note that in the 1950s, it is conventional to find women just staying at home and looking after their children; on the contrary, contemporary women have the freedom to choose and exercise their professions. Women of today’s society have greater autonomy in directing their lives and are not constrained by social norms to limit themselves to housekeeping or childrearing – these have ceased to be considered as norms.One of the occurrences which have exerted great impact on the family was the invention of the contraceptive pill – a milestone in 1961. This was instrumental in making women realise that they had a choice with their bodies, particularly in willingly conceiving a child. The exercise of a woman’s choice in birth control has been strongly supported by feminists; however, functionalist thinkers such as Parsons would not agree to this as it is not within a woman’s role or script to undertake such a decision. The woman has then acquired the power to decide on whether or not she would bear a child – a power which proved to be stronger than it was initially perceived.Numerous novel right thinkers view the 1960s and the 1970s as the dawn of the traditional family’s degradation. Specifically, the invention of the pill and the legalisation of abortion have marked such a decline. With increased sexual freedom wrought by these new developments, there was also notably less commitment to the family.Following these, the Pay Act of 1970 has been another milestone that influenced the way the family is viewed, necessitating that women receive equal pay as men for carrying out the same work. This applied only to a handful of vocations / professions because there have been a few male-dominated positions that have been as actively ventured into by women. In fact, even as late as 1990, women have occupied 2/3 of low paying jobs suggesting that there remains to be inequality in compensating women compared to men. Amidst all the efforts to break stereotypes, the glass ceiling phenomenon still persists to this day. There are still those who hold the implicit perception that women are born to stay in the house and care for their children while the father carries out the role of breadwinner. Oakley surmises that in a male-dominated an d chauvinist society, the woman is still perceived as more fit to be a housewife and mother – in contrast with being a career woman.Wilmott and Young have carried out family research in the 1950s to the 1970s, and the second stage of such studies has focused on the early industrial family. When children have begun attending school, the support of extended families has become crucial owing to the lack of welfare support by the state. This set-up has evolved further in the third stage where the symmetrical family was apparent – nuclear families again became the norm. This change has been accounted for by the availability of welfare support from the state and the increased sense of self-sufficiency. The enhanced mobility of people was yet another factor that changed the family. This was then followed by the fourth stage’s managing director family, which has placed undue emphasis on work.Willmott and Young believe that there has also been an increased sense of invol vement by the husbands; while the wives still have the primary responsibility of taking care of the household, there was greater support from their spouses. Thus, they purport that the increased involvement have caused wives to withdraw from their female kin and for husbands to experience greater engagement in conventionally female tasks and activities. This change of roles from segregated into those which are more distinctly conjugal has promoted equality between men and women and has reinforced the fact that the husband’s involvement within the family is critical. Liberal feminists have viewed this as a welcome change towards an increased sense of equality between sexes.The divorce laws of 1969 have been formally enforced in 1971 and composed yet another milestone in the evolution of the family as a social structure. This was considered a major change since previously, it was necessary for one party to commit an offense before divorce is feasible – that is, adultery, cruelty or deception. One problem with this process is that the couple becomes very vulnerable and this is even considered by some as blatant invasion of privacy. Some say that it is perfectly possible for a couple to drift apart, with neither party committing an offense. The publicity generated by this old premise have discouraged couples from openly filing a divorce and have been compelled to stay within their unhappy marriages just to save face. The divorce law has changed this landscape by simply requiring proof that the marriage has irretrievably broken down.The simplicity of the process has facilitated divorce proceedings, as attested to by the number of divorcees following 1971. There are those who evaluated this as an apparent decline of the family – these are categorised as â€Å"new rights† who staunchly uphold convention. These people have supported the ideal family, depicting the latter as husband and wife being committed to each other, children respecting their parents, and all family members being compliant with the law. Thus, the divorce reform act was perceived by new rights as a decreasing the commitment to the family. Moreover, the de-criminalisation of homosexuality has also been gauged as a contributor to moral decline. They have also opined that women have been distracted from their ideal roles as wives and mothers. Feminists such as Betty Friedan, on the contrary, thought that this was a commendable development since women were ‘saved’ from the emotional roles within the family. In addition, this has permitted greater autonomy and to decrease their dependence on men.The chart below depicts the effect of the divorce law on the number of divorces carried out by women in _______(year). This change has caused 73% of wives to request for a divorce, compared to just 27% among husbands. Needless to say, this has had substantial impact on the family.The varying roles within the family been investigated by McGlone, Park , and Smith in 1998. It has shown that older people now have longer life spans, a decline in the birth rate, and of families taking care of their elderly rather than being left to the custody of state welfare. They have also noted that there has been an increase in the rate of unemployment, particularly of older men. With this is the increased self-reliance of women and we now live at a time where women can choose to occupy high-powered jobs for as long as they are qualified and they may also wish to have children at a latter stage in their lives. A large part of these decisions – these turning points – are left to the discretion of the woman. At the other end of the spectrum are those families which are dependent on state support and who contribute to the unemployment rate. In contemporary times, there has been large number of divorces and an increase birth rate of children outside of marriage.There are diverse family structures in contemporary society – includ ing those living only as couples without children, single parents, and homosexual couples. These set-ups which have been previously categorised as unconventional are now accepted today. In the past, the norm was a nuclear family with or without children living with grandparents. Functionalist thinkers such as Parsons would conceive this as ideal and would not be amenable to these other ‘aberrant’ family structures. The latter are lobbied for by the feminist, in lieu of the greater freedom of choice that is given to the woman in the process. Whereas the woman was a mere follower in the past, she has now been more empowered and independent. She can make life-changing choices and direct her fate. If only for this, the evolution of the family to what it is today has been worthwhile.

Essay on Leahs Course Work

Essay on Leahs Course Work Essay on Leahs Course Work 1.1 1.2 explain the factors that need to be taken into account when assessing development When assessing a child we have to make sure this is done properly therefore there are different factors to be considered Confidentiality: when observing a child it is important that you get permission from the parents/careers before doing this, most parents are happy for their child to be observed it is important that confidential material should not be lying around they must be secured in a locked cabinet. When discussing another child’s observation make sure this is only with colleagues or other professionals who have the right to know Confidentiality can only be broken when the child is at high risk and the information needs to be passed on. Children’s wishes and feelings: when carrying out observations on a child you have to take in account the child’s feelings and wishes, if a child is feeling upset and they don’t want to be observed then they have the right not to be. It is very important that when observing a child that the way its wrote is in a respectful way. Ethnic culture and linguistic background: Ethnic, cultural and linguistic backgrounds when we asses a child we must take account of their ethnic, cultural and linguistic back ground as these can play important roles in how the children act and the understanding of the words being used. We also have to understand that if a child does not want to join in a story book (three little pigs) then they may be associating this as being unclean this does not mean the child is not interested in other books. Disability or specific requirements: some children in the setting may have disabilities or requirements which need to be taken into consideration when observing them. In a school children will need to be assessed when taking exams etc but in a nursery setting the child may need an adult to give clear instructions it’s very important practitioners understand the child’s needs or requirements because they may underestimate the child’s ability. 1.3 explain the selection of the assessment methods used free description (also known as narrative description and written record) checklists and tick charts time samples event samples target child standardised tests photographs and videos sound recordings information from parents or colleagues 2.3 explain the importance of a person centred and inclusive approach and give examples of how this is implemented in own work The importance of a person centred and inclusive approach is that we look at the individual child and the needs of that child. My setting works with many outside agencies in order that the individual child has all they need in place to be included in all aspects of the setting. We have several children within our setting who have different needs and they are assessed individually so they can be given the correct resources or support in order for them to achieve their own individual goals. Some children will have an individual education plan (IEP) which will set out what they aim to achieve within a set time frame with support and confidence some children will require specialist equipment to help with their education and development our setting have one to one time with the child or trained staff to do welcom on the child to assess where the child needs support. It’s all about the needs of the individual child some children may need the activity adapted to enable them to take p art. 3.1 explain the features of an environment or service that promotes the development of children and young people Our outdoor/indoor play areas are stimulating and attractive to children to encourage them to use their senses to learn, there are plenty of play opportunities provided we keep the areas interesting and visually appealing. We are well planned and organised around the children we have areas which challenge, keep children’s interests, and meet children needs , as every child is unique they have their own needs which

Financial Markets And Corporate Governance Essay

Financial Markets And Corporate Governance - Essay Example The business managers of Enron would definitely have put in to practice of whatever they have been taught or trained in their schools of Law, business, management and accounting, to protect the shareholders’ interests of the corporation. However the pertinent question is what went wrong and where? Considering the various maneuverings that happened in Enron in the guise of protecting the shareholders interest, it may also be said that the same managers would have acted more aggressively in enhancing the shareholders wealth, had Enron been a successful business venture. â€Å"The catastrophe caused by the failure of Enron could not compare with the damage this company would have caused if it had succeeded. The relentless emphasis on the importance of shareholder value in recent times has created the conditions for the disconnection of corporations such as Enron form their essential moral underpinnings, encouraging them to concentrate exclusively on financial performance, and to neglect not just the wider stakeholder interests of customers and employees, but the essential interests of the economies and communities in which they operate. The problem with established corporate governance is that they misconceive the irreducible core of corporate governance, at the same time as underestimating the complexity of the phenomenon.† This paper attempts to make a presentation on the style and working of the two models of business ventures one working in the direction of protecting exclusively the shareholders interests and the other which works to protect the stakeholders’ interest and the relative conflicts and issues that may emanate in pursuing both the interests, in the light of the With a proper understanding and adherence to all of the above parameters, a team of management can take the corporate they are governing to greater heights for sure. Even though all of these aspects stand equally important, respecting

An historical perspective on this surveying process for (levelling Essay

An historical perspective on this surveying process for (levelling survey) - Essay Example Most of the older versions were bulky and involved tedious measurements and data collection. In addition, the telescopes were low-powered as compared to newer versions that are more powerful. Later on, William Grant, an English civil engineer developed the dumpy level, which was more compact and portable. Its disadvantage is the requirement of shorter sights, which means that one has to make several sights. Surveyors used precise level designs, which had a micrometer adjustment to raise or lower the line of sight and an extremely precise spirit level tube, in large leveling projects that demanded accurateness. Even so, the automatic level revolutionized leveling because it guarantees that the line of sight remains horizontal after leveling the instrument. It is less tedious because it only requires to be leveled once, and the tripod needs minor settling. The laser level is a newer version, which projects a visible beam that is noticeable by a sensor on the leveling

Introduction to Theories of International Trade

Introduction to Theories of International Trade In this concept there are mainly two theories that are classical theory of trade and new trade theory each differentiates from each other with different advantages, assumption and drawbacks. Exchange of goods and services on an international level between two or more countries is stated as international trade. Trade generally takes place between different companies it is of different goods and services. An import is goods and services bought by other country for local use. Example: UK imports gold, telecom equipment from India and export is the process of selling the goods and services which the host country has produced in the country more than sufficient. Example: Tea is exported to UK from India. However, government and individual person often buy and sell products and services internationally resulting international trade. Integration of the world economy is more than ever before. We participate in world/global economy by purchasing or selling goods and services in day to day lif e. Industrial equipments, oil, agricultural products, services like banking transportation, telecommunication, and tourism services are main part of international trade commonly. International transportation and communication cost has been reduced significantly resulting in greater integration between the economies of the world. The interdependence of countries can affect prices, wages, employment, and production in other country; it also affects economic trends and financial condition of each other. For prosperity countries have to work together more closely and rely on each other. Classical Trade theory: Classical theory focused mainly on occurrence of trade. The firms felt need of a separate theory due to fundamental differentiation of internal trade. These theories feature the variation in comparative benefit of manufacturing commodities of 2 countries to the diversity in the manufacturing competence of workers in that particular country it is focused on single value prices. Factor price differences are never considered in this theory. There are several sub theories in this particular concept which is explained as followed. (Sinha, n.d.) Absolute advantage Theory of trades (Adam smith, 1776): In the 2nd part of the 18th economic progress got complicated due to mercantilism policies. In the book The Wealth of Nations published in 1776 author Adam Smith stated that mercantilism theory favors the producers and reduces the interest of the consumers. Adam smith says in his theory that exports are profitable but countries should also import goods and services to satisfy better requirements of consumers instead of making them here in internal market. As we can see in the figure 1, country 1 has absolute advantage in good A production/resources and country 2 has absolute advantage in good B production/resources so country 1 should export good A to country 2 and import good B from country 2 vise versa. (Anon, n.d.) Figure 1: Absolute Advantage (Absolute Advantage n.d.) Assumptions of absolute advantage theory: Trade between two countries for two commodities: If we take three or more countries it does not help analytically for absolute advantage theory. Efficiency of the product: Countrys goal is not always efficiency comparing at the level of the world it is not easy to produce efficient product every time. Zero transportations cost: Transportation cost is not considered in absolute advantage theory. Factor mobility/immobility: Theory presumes that all the resources are mobile in the country and immobile between two or more countries. Total employment: Theory considers that every country has full employment in the whole country. (Anon, n.d.) Comparative advantage Theory (David Ricardo, 1817): This theory of David Ricardo states that both the countries involved in trade can gain a lot even if one of the countries is producing less than all goods and services that produced by other country. As can be seen in the graph below country B is producing more than country A in both the goods that is produced in both countries. Both the counties should specialize in what there is low opportunity cost is required. (Anon 1, n.d.) Figure 2: Comparative Advantage (Comparative Advantage n.d.) No or low transportation cost: consideration of the transportation cost is not even taken in this theory also. No negative externalities: theory does not say about externalities affecting trade, and it also does not take into consideration that there could be negative externalities for more production. (Anon 2, n.d.) There are no economies of scale: Due to different policies of government for particular country it becomes hard to trade freely and affects the total production and eventually affecting to the scale of economy. (Anon 3, 2008) Mercantilism Theory (16th century): Mercantilism theory is a thinking of 16th century. Major trading nations were thinking that if we increase our exports internationally we will gain power, wealth and also the precious metals like gold and silver in return. The theory says that in total world there was only fixed wealth which will increase our countries wealth resulting in becoming powerful country through either importing or exporting the goods in high quality but in lower cost. Earlier days transactions was use to take place in the form of either in gold or in silver coins which created trend of exporting more and importing less is called as mercantilism. (Anon1, n.d.) Mercantilism is time bounded; it is short term because after some period of time resources will be over due to large no of use of the raw material. Then countries will have to import the same good to their own country. Certain goods should be imported by any country to avoid later effect of scarcity for any goods and services. (Anon 4, 2008) Factor Endowments Theory (Heckscher in 1919, Ohlin in 1933): In this theory both Swedish economists Heckscher and Ohlin have different view/explanation about comparative advantage. They both think that comparative advantage comes from difference in national factor endowments. Factor endowments means the scope of the country is endowed with resources like land, labor, and capital, workforce, and infrastructure. Different countries have different factors endowed, and different factor endowments explain differences in factor costs. To lower the cost the factor should be more profuse. This theory proposes that the nations would export those goods that makes demanding use of those factors that are locally more in numbers, and should import those goods those have scarcity locally. (Aswathappa, 2010) New trade theory: This theory endeavor to comprehend and give details of the global trade affect the diversity of goods accessible to consumer around the world, these theories also describe concentration of market structure. Analysis of Trade: The testimony brings the awareness that the trade between India and U.K has historical trade relations. Indias exports to U.K was beneficial to both countries as U.K use to import raw material and make it into finished goods and again export those products to other countries. According to the survey it is observed that India had good revenue when the exports were high to U.K but as India moved towards diversification the exports of the country started declining since the year 2000. Both countries are the top investors in the economies of each others economies, this enables long term benefits to both countries. (Anon 5, 2012) Exports of India: The current situation of Indias exports shows positive sign on the trade i.e. exports of the country was worth 23698 million USD. In the GDP 22% of exports is been contributed, out of which jewelry constitutes 16% of contribution in exports. Mainly India exports to U.S, European Union, China Arab Emirates. (Tradingeconomics 1, 2012) Exports of U.K: The current market situation of U.K according to the records is 40. 5 Billion GBP in September 2012. This country is considered as fifth largest nation. The main export of U.K is telecommunication equipment, aircrafts, automatic data processing equipment etc. U.K mainly exports goods and services to Ireland, USA, France and Germany. (Tradingeconomics 2, 2012) Positive impacts of International trade on India and U.K: The growth of India rose above 6% after the year 2000. Overall employment also increased from 1% to about 3% which is beneficial to the economy. Liberalization of trade policies enabled to bring efficiency in several terms. Improved standard of living of the country. (Sankaran, Abraham, and Joseph, n.d.) Increase in possible growth of the business. Expand market share globally. Enables steady variation of market.(Economywatch, 2010) Protectionism of trade theory: This concept came into existence in order to protect the interest of the country who is involved in international trade. Here government protects the firms from exploitation of other countries. Typical method of protectionism is direct state intervention, subsidies, tax cuts to local business, quotas and tariffs. These are main types of protectionism method used by the government. Merits of protectionism: Protectionism of international trade helps protecting the local organization and employment. With help of reduction in imports economical aggregate demand will increase. Country can develop some laws to avoid dumping. Foreign companies bring their products and sell them in lowest price than the production cost. Protectionism helps in developing new domestic firm to grow faster blocking the foreign company to develop locally. (Gulrajani, 2009) Demerits of protectionism: Innovation and improvement will become weak as there will not be much of competition due to protectionism. Dismissal and burnout will be the ultimate result of protectionism. Lower or bad quality might dissatisfy the customers because of long term protectionism. Redundancy can become serious issue due to less innovation or improvement. Protectionism affects the countries economy and also the world economy. Many countries are now avoiding protectionism ad they are favoring more of free trade agreements. (Anon 8, n.d.) Analysis of Comparative Advantage: At a lower opportunity cost when a country produces goods and services when compared with other country that particular country is said to have comparative advantage. (Economicshelp, n.d.) Comparative advantage of India: India has huge population therefore this particular country has good labor and so it is specialized in labor intensive product. This capability differentiates themselves from other countries, and makes maximum use of it in order to make maximum profits which would add to host countries economy. (Tradingeconomics 3, 2012) Comparative advantage of U.K: U.K is vast country therefore they are specialized in several goods but mainly the comparative advantage of this country is manufactured goods i.e. is pharmaceutical products, telecommunication product etc. the quality provided by this country for these country makes product outstanding also the technologies use to manufacture these product ensure efficiency in goods that exported. (Economicsonline, n.d.) Criticism to Comparative advantage: Even if the countries do not have clear comparative advantage, they aim to take risk by broadening there horizons for goods and services. The assumption of two country and two goods is incorrect as the real world is too complex by exporting and importing different services and goods. This concept is not constant i.e. it can change over a period of time. In this concept exchange rates and relative prices are not taken into consideration. Structural unemployment is possible if there is complete specialization as there are some cases where workers cannot transfer from one sector to another. Without any diminishing return this concept is perfectly mobile. (Economicsonline, n.d.) Conclusion: International trade and investment is constituted by economic relation. This irregularity is embedded in a situation where prosperous countries are impatient to stipulate free trade for others but are hesitant to compel it on themselves and are capable to evade doing so. The current market of international trade promotes growth and aims to reduce poverty. Different theories have different assumptions but the modern theory is considered to be more effective then the other as it focuses on both i.e. exports as well imports. The protectionism concept is effectively being used by the countries in order to avoid exploitation and also ensures smooth going in trade.

A Narrow Fellow in the Grass – 1

â€Å"A Narrow Fellow in the Grass† By Emily Dickinson. â€Å"A Narrow Fellow in the Grass† Is believed to have been written in 1865. About a year later it was published under the title â€Å"The Snake† by a journal called Springfield Republican. This poem express nature's infamous creatures, the snake. The poem is built around what appears to be and what is. This poem is meant to be read aloud and appreciated for it's precision. Some would say â€Å"A Narrow Fellow in the Grass† is perhaps the most nearly perfect poem addressing nature. Also this poem itself has received a great deal of critical attention.In the opening lines, Dickinson cleverly states the subject of the poem, a snake. She makes the snake sound harmless. The term â€Å"narrow Fellow† is a nice form of colloquial language â€Å"narrow† meaning small, and â€Å"fellow† being a familiar term for boy or man. The choice of words she uses is also interesting like the word à ¢â‚¬Å"rides† sounds like â€Å"glides†. It gives the impression that the snake is being carried, or that it is floating about. The words could also say torment, harass, of tease which would fit the snake's sly tempter.Also the snake seems to take people by surprise. Lines five through eight describes the way a snake moves through tall grass. The grass is compared to hair and the snake is compared to a comb. The snake is quick, long, slender, and marked with spots. The snake slanders along in a ghost like manner. In the lines following nine through twelve the snake likes wet and mushy land. The corns dry environment is not suitable for the snakes wet environment therefore a snake will not be found in a corn field.The speaker mentions that he is barefoot in a childhood encounter, which the thought of a snake slithering across a humans bare skin makes many people cringe. The word â€Å"barefoot† makes the speaker seem even more vulnerable to the snake's potential th reat. In lines thirteen through sixteen the speaker continues to talk about his childhood encounter and he sees something that seems to be a whip-lash. He bends down to pick up the â€Å"whip† just to find that it is slithering away. Oddly, the definition of â€Å"wrinkle† is â€Å"a clever trick†.In these lines he was tricked by the snake for it was not what it appeared to be. The image of a snake â€Å"wrinkling† suggests the snake was frightened by the approach of the speaker. Also, in lines seventeen through twenty the speaker claims to have a connection to the outdoors and its animals. He feels close to these creatures and he describes this connection as a â€Å"transport† In lines twenty one through twenty four the speaker describes the feeling of an encounter with a snake as a moment of shock and fear.He mentions on how he had tighter breathing from the panic. Most people who has encountered with a snake has felt the fear and the panic. In the final line he describes the feeling with the metaphor â€Å"zero at the bone† referring to the bone chilling terror. The end suggest that the snake which is referred as harmless might possible be deceptive. The speaker, which suggest that he loves all animals, cannot love dangerous trickster the snake in the grass. The speaker reacts to the snake as if it were a living terror of the unknown, for it is both chilling and startling.Dickinson wrote several â€Å"riddle† type poems, where she uses metaphor to compare her subject to something, without letting you know. Each stanza has â€Å"clues† in the form of imagery, pictures such as the grass â€Å"as a comb†. â€Å"A Narrow Fellow in the Grass† is written in six quatrains, or stanzas of four lines each, rhyming only in the second and fourth lines. Most of the rhythms are iambic, meaning the poem has regularly recurring segments, in which the first syllable is unstressed and the second is stress ed. â€Å"A Narrow Fellow in the Grass† can be interpreted on several levels.It could be read as just a description of the snake. Also Dickinson's imagery can be read as sexually nuanced. Dickinson's poetic technique is very much an art form she worked hard to refine and hone. The readers today can gain so much from Dickinson poems and her technique. She leaves so much unsaid, and yet, says so much with so little. Dickinson uses the device of sound throughout this poem; hearing this poem is as important as seeing the words. Dickinson creates both a visual and an auditory image of the snake with her language.

Reaction Paper in Opening Bank Account Essay

Opening bank account today would seem so easy. We can easily avail of a wide range of deposit products that answer our needs for greater accessibility to our funds, value-added features, competitive rates and convenience. Upon opening an account to the bank (RCBC), the bank gave me a registration form that includes details and some basic information about my identity. Honestly, I find it uneasy to fill up those forms because of lots of information it requires. However, I just used to think that the reason for this is to protect them and to comply with a variety of banking regulations. Aside from signing the information sheet, the bank also requires me to sign their banking terms and agreements which only mean that I have to abide to certain rules and accept responsibility for certain actions. Like other banks, the RCBC also offers ATM card known as MyWallet card. This all-in-one card allows us to enjoy electronic banking convenience anytime, anywhere and it will allow us to do transa ctions like a regular ATM card: withdrawals, cashless shopping, balance inquiry and bills payment–all these, without the hassles of keeping a monthly maintaining balance. Plus, no penalty will be charged even if we’re going to withdraw all the money in our account. For me, this is really advantageous especially for us as a student who only have limited budget and allowance for savings. Also, having bank account is really convenient. For example, if I have a bank account, I can easily pay bills using ATM. It’s also cheaper than buying a money order (and I will have proof of bank statements that I paid my bills). If I get an Automated Teller Machine (ATM) or debit card for the account, I can withdraw money easily or make payments at stores since a debit card is usually accepted for purchases anywhere credit cards are accepted. I can say that opening a bank account is an opportunity for me to learn how to manage financial aspects especially in the near future if Ià ¢â‚¬â„¢m already a professional.