Advantages And Disadvantages Of Social Media - 1292 Words

Abstract: Social media networking has completely transformed the way businesses market and recruits potential employees. Marketing and recruiting was simply done through printing ads in newspapers. Now social media networking is done through â€Å"posting† open discussions on the business website or social media sites. Social media has allowed business to also promote their brand, hire, communicate, and connect with many people and organizations. This paper will help you to understand how businesses incorporate social media as a vital tool when hiring, marketing and connecting with potential employees and organizations. It will also explore some of the advantages and disadvantages of social networking within an organization. In the†¦show more content†¦Trying to find the perfect candidate can be a difficult for organizations due to the amount of competitive tactics business use in today’s market place, such as ads, campaigns, and referrals. This has allowed many businesses to incorporate social media into their marking and recruitment strategies. Social media was originally designed for its consumer’s entertainment, but now it has rapidly grown into a tool for business recruiting and marketing. Social media recruitment allows business to still practice their formal recruit processes but also can implement social networking. Social recruitment has helped many organizations recruit potential employees with social media networks such as Facebook, LinkedIn, Skype, Instagram, Pinterest, etc, which are some of the most commonly used networking site for not only employers but also job seekers. Social Media marketing has become a way to get in more business as well to attract new clients a nd employees. It can also be used to promote an organization’s brand to essentially drive more traffic in. Social Marketing is changing the way people connect and share information. With the rise of the internet, social media has transformed the way organizations recruit, communicate, and connect with its candidates and other businesses. Social Media is growing every day and is becoming more popular in today’s society. Not only can organizations promote job openings through social media, but it can alsoShow MoreRelatedAdvantages And Disadvantages Of Social Media750 Words   |  3 Pages 1 Social Media Somalia Sexton September 30, 2017 HUM/186 Allyson Wells 2 What are the advantages and disadvantages of easily obtainable information? Easily obtainable information is convenient for the most part. It allows you to do a million things at once. It saves you a lot of time while getting things done. If you’re a lazy person when it comes to researching things, easily obtainable information is more convenient for you. Easily finding information on the web requires littleRead MoreAdvantages And Disadvantages Of Social Media1177 Words   |  5 PagesRunning Head: SOCIAL MEDIA 1 SOCIAL MEDIA 5 Social Media Name Institution Date Social Media Advantages and Disadvantages of Easily Obtainable Information In the contemporary world, social networks, and the general internet has an eminent role as sources of wide range information feeding people in different sectors with the type of information they seek spontaneously. Much of easily obtainable informationRead MoreAdvantages And Disadvantages Of Social Media805 Words   |  4 Pages Society relies on information that they obtain from the news, media, social media sites to gather the newest information or current events. As the technology years keep advancing there are newer forms of finding out current events or situations that are occurring around the world. People are now able to get news faster then what they have a century ago. 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Many people have started to rely on the internet for research for school, butRead MoreAdvantages And Disadvantages Of Social Media769 Words   |  4 Pages Social Media Paper Joshua Yates HUM/186 10/1/2017 Allyson Wells â€Æ' The Advantages and Disadvantages of Social Media and Obtainable Information Social media has become an integrated part of our culture and a useful communication tool when properly used. Every day people log on to social media sites to get updates on everything from celebrities, family, and friends to top stories and breaking news. We also use social media in our professional lives. Individuals use social media as a cost-effectiveRead MoreAdvantages And Disadvantages Of Social Media1041 Words   |  5 PagesNOT APA FORMATTED NO SOURCES Social Media Paper Jerald Washington University of Phoenix HUM/186 â€Æ' In the modern world, it has become very easy to obtain information from social media, and this happens instantaneously. It is essential to appreciate all advantages and disadvantages before making use of social media. One advantage of easily obtainable information is expediency. It is convenient for people to be in one place and catch the hottest news, listen to the fresh top songs onRead MoreAdvantages And Disadvantages Of Social Media1280 Words   |  6 PagesSocial Media Brenton Adams HUM/186 08/28/2017 Allyson Wells Social Media We have all seen how friends, family, acquaintances and more talk to each other through social media platforms; often with personal disregard and by providing misinformation. Similarly, we have also seen rotating â€Å"news† articles and other tidbits of information being passed around, though how much is accurate? Being able to have information rapidly available can be beneficial, though distinguishing fact from fictionRead MoreAdvantages And Disadvantages Of Social Media1133 Words   |  5 Pagestakes on social media and when that is applied and used in an organization it is called enterprise social media or networking. Using social media has allowed the people of this world to converse with the push of a button over multiple ways. As with face-to-face communication or email, social media providing means for a company as means for a communication can provide barriers. For organizations, social media could provide many profitable advantages as well as consequences with disad vantages. EnterpriseRead MoreAdvantages And Disadvantages Of Social Media1327 Words   |  6 Pagesproblems and threats but, we could avoid or prevent it from happening. Currently, with the high number of emerging Social Media sites like YouTube, Facebook, Twitter, LinkedIn and a lot more to discover, we are exposed to all possibilities. These Social media platforms bring along with them advantages where we could greatly benefit from it and also disadvantages. Benefits mean Social Media builds a good relationship with its users among other users too whether it s your long lost friend or mutual friendsRead MoreAdvantages And Disadvantages Of Social Media857 Words   |  4 Pages Social Media Alex Mitchell HUM/186 Allyson Wells October 1,2017 Social Media Social media has changed the world that we live in. With so many people using it for everything from personal use to professional use, it is one of the main ways that we communicate. Social media is not used just for keeping up with family and friends anymore. Nowadays, companies also use social media to help them spread the word of their company. With so much information on social media sites, it

Natural Law And The Preservation Of Human Life - 1301 Words

Natural law and the Preservation of Human Life Donald J. Moore Webster University September 18, 2016 Natural Law and the Preservation of Human Life In order to address the scenarios in this assignment, one must define the when life begins. According to Thomas Aquinas God created the universe and all plants, animals and life of all types under the doctrine of External Law. Based on his vision, God instilled Natural Law in law to fulfill the parameters of External Law. Self-preservation is not only a function of protecting one’s self being, but also by ensuring the species survives. This is accomplished through the second inclination of procreation. Aquinas’ teachings proclaim that God created the universe and by doing so, created all life. So logic must dictate that life begins at conception and that the developing fetus has already been instilled with Natural Law. A young woman who is four months pregnant has recently discovered that she has tuberculosis. The doctor informs her that she must take a drug that will cure her disease, but that the drug will also have the effect of aborting the fetus. There is no other available drug that will cure her disease, and if she does not take the drug immediately she will die. According to natural law, may the young woman take the drug? Both the mother and the fetus are innocent human lives. Even though the fetus may not be capable of understanding, it is still a life and is dependent upon the mother for life. However, the fetusShow MoreRelatedEssay about Comparing Hobbes and Lockes Versions of the Social Contract1349 Words   |  6 PagesLeviathan, claims that peace and unity can best be achieved by setting up a society by having humans agree to a covenant (Hobbes: Ch.18 pg.548). A sovereign who is in charge of protecting the society or state rules Hobbes’s society. In his introduction, Hobbes de scribes this commonwealth as an artificial person and as a body politic that mimics the human body. Hobbes portrays the state as a gigantic human form built out of the bodies of its members, the sovereign as its head (Hobbes: IntroductionRead MoreThe Rousseau s Theory Of Human Nature1518 Words   |  7 Pagespeople do not form, pity and self-preservation would secure order in humanity, then Mill’s concern on the principal of liberty would also be successfully achieved. However, due to the inevitable rise of civil society, Rousseau’s theory of human nature is corrupted and I believe that from this, it would be necessary to then need a governmental structure that ensures order is provided. With this need of a governmental structure, I believe that in order to ensure humans do not harm others, Mill’s theoryRead MoreHobbes And The State Of Nature1549 Words   |  7 PagesEnglish philosopher outlines in his book Leviathan (1651) that the state of nature is a state of â€Å"warre, as if of every man, against every man†. Hobbes sets out his moral philosophy with regard to human nature; the way humans behave amongst each other and the state of nature; the natural condition of human interaction as a proceed of nature. Hobbes uses the state of nature as a mechanism for demonstrating the preconditions of a political society. By highlighting the pre-political condition as an unendurableRead MoreThomas Hobbes Leviathan801 Words   |  4 Pagesstory that examines human nature. Hobbes’ introduces Leviathan during a chaotic period filled with death and a voyage of human expansion, which leads to the creation of a logical and sustainable society. This society is the commonwealth and led by a sovereign. Upon first analysis, Hobbes’ explanation of the alteration to the commonwealth is questionable. Some weaknesses in Hobbes’ Leviathan can be easily found: the inconsistency of natural law with suicide and that of civil law to h onor. Hobbes addressesRead MoreCapital Punishment : Light Of The Natural Law898 Words   |  4 PagesPunishment in Light of the Natural Law The practice of the death penalty and capital punishment is a contemporary political issue that is widely debated throughout the United States. It is my opinion that capital punishment should either be discontinued or only reserved for the rarest of the rare case. In this essay, I will attempt to resolve the issue of whether the United States should continue or discontinue the practice of capital punishment by using the natural law theory set forth by SaintRead MoreSimilarities Between Locke And Rousseau1369 Words   |  6 Pagesthe natural laws inherent in mankind. The state of nature can be characterized as the state before civil society, before government where all men agreed to enter into a social contract. Locke and Rousseau both believed that men were not savages as some might believe. The state of nature was in some cases even better than what we have become today. In fact, both Locke and Rousseau believed that in the state of nature all men had natural rights and followed natural God given or inherent laws thatRead MorePolitical Theory of John Locke Essay1189 Words   |  5 Pageswithout John Locke our government would only be a shadow of what it is today. Arguably, one of his most important political and philosophical works was his Two Treatises of Government. There he argues that the function of the state is to protect the natural rights of its citizens, primarily to protect the right to property. John Locke, in many eyes, can be viewed as one of the father’s of Democracy. He embraced many of ideas in his theories on the st ate of nature and the rise of political society todayRead MoreRousseau s Discourse On The Origin And Foundations Of Inequality1580 Words   |  7 Pagesterms of law and social order, by claiming that presocial individuals were happier, equal, and naturally good in contrast to civil or societal humans. A central aspect of their happiness relies on the presocial human’s lack of unnecessary desires. Although Rousseau’s theory can in large ways be applied and seen in today’s society, it does not acknowledge the positive and crucial things provided by society that can engender happiness and do not exist in the environment of natural humans. RousseauRead MoreEssay about Phi-286 Mod 3 Wa 1827 Words   |  4 Pagesstill, Hobbes is credited with the notion of a persons natural rights. Hobbes theory depicts the right of self-preservation, by stating a person may do whatever needs to be done to save their life and to procure the means to live (Newton, 2004). Hobbes rather straightforward approach suggests that every man is an enemy of every man (Newton, 2004) and the worst that can happen to anyone is a violent death at the hands of others. Citing natural rights, Hobbes therefore indicates we have the right toRead MoreAnalysis Of Thomas Hobbes s Leviathan 1622 Words   |  7 PagesIt could be argued that Thomas Hobbes’s claim in Leviathan that a person has no right to challenge his sovereign’s law or decision is flawed because such judgements should serve public good. Since the sovereign power’s authority to make laws or decisions has its source in its subjects, these judgements should reflect what sub jects think to be good or evil, instead of prescribing how people should think. However, this argument does not take into account that although there are cases where people can

Frees Tuesdays With Morrie Tuesdays With M Essay Example For Students

Frees Tuesdays With Morrie Tuesdays With M Essay orrie Essays When my parents first told me that it would be a good idea for me to read Tuesdays With Morrie, my perception of the memoir was that it was an account of an old man dying. This did not seem, to me, to be the most interesting topic to read about. I reluctantly began the book and soon became quite involved with the novels insightful progression. I initially thought I would construct a typical review of the novel and hand it in for a good grade. I then asked myself if I would learn anything by writing a summary. Two answers became evident. The first was that, of course, I would learn how to write yet another book report. The second was that I would not benefit at all from simply summarizing the memoir. I came to the conclusion that by focusing my paper on that which Morrie so eloquently taught the reader, both me and my teacher would gain insight and understanding about living life to its fullest. Morries message was, in short, not to become preoccupied with death and dying, but to live the life that you still have left in a meaningful and rewarding way. He believed that although death would soon take him, he wanted to teach others and share his ideas so that they could be passed on to future generations. Mitch Albom is an alumnus of Brandeis University, where Morrie Schwartz taught for many years. Morrie left a lasting impression on Mitch and that impression is what eventually motivated Mitch to return to his wise professor. Mitch rediscovered Morrie in the last months of the older mans life. Knowing he was dying, Morrie visited with Mitch every Tuesday in his study, just as they had done in college days. Morrie taught Mitch his final lesson: how to live. Morrie and Mitchs relationship went far beyond that of a teacher and student. It turned into a friendship between two men. Morrie taught Mitch innumerable lessons about the world, feeling sorry for oneself, regrets, death, family, emotions, fear of aging, money, how love goes on, marriage, culture, forgiveness, and saying good-bye. Morrie never wanted sympathy from Mitch; only an open mind and heart. Morrie discussed his philosophies on life with Mitch and encouraged him to do the same. Morrie shared his strengths and his weaknesses with his student, allowing him to open up to his old professor in a way that would help him to recharge his existing life. Mitchs life was greatly impacted by the wisdom that Morrie shared with him. As a result, he knew where his life was headed and he said good-bye to his old friend believing that the future held great opportunities for a meaningful life. The last class of my old professors life took place once a week, in his home, by a window in his study where he could watch a small hibiscus plant shed its pink flowers. The class met on Tuesdays. No books were required. The subject was the meaning of life. It was taught from experience. Morrie Schwartz saw life as a reason to learn, to teach, and to experience. He reveled in the excitement of being able to share his ideas with someone. He did not think of death as an end, as a final farewell. He viewed the end of his life as a new beginning and an opportunity for reflection. The last line of this memoir reads the teaching goes on. Morrie wanted people to continue learning from him even after he was gone. After reading this account I can truly say that Morries dream was accomplished. Morries lessons were not only aimed at his student; they were aimed at a broad spectrum of people. Morrie was able to speak to the masses as easily as he was able to speak to one person. This novel touches each person who reads it in a new and interesting way. At times I felt as though it was I sitting in Morries messy study, intently listening to his every word, learning from his every move. As I look back on my remarks, I realize that my parents .

WordPress Maintenance Mode Tutorial - With Elementor and Zelle

Editors note. WordPress maintenance mode is a very useful feature you can set up in some circumstances. Particularly, you can benefit from it greatly whenever you want to perform administrative tasks on your website, and you dont want your visitors to see any error pages in the meantime.We wrote about an easy way of enabling WordPress maintenance mode in the past, but now theres a completely new possibility of getting a cool maintenance mode page without the need for a custom-built plugin.Instead, you can use your favorite page builder plugin and your Zelle theme to handle the task. Today, we have Ben Pines explaining all the whys and hows of making that happen. Enter Ben: Zelle Lite theme, for example, and still be able to customize your under construction page nicely.One of the pre-designed templates for your  WordPress maintenance mode in ElementorWhy even use WordPress maintenance mode?Every time you had worked on your site, you might have just shown your visitors your buggy un der-construction site. This isnt the most optimized solution. Your visitors really dont need to see whats going on behind the curtains. WordPress maintenance mode can help you with that. There are two main reasons you need to ALWAYS use maintenance mode before making significant changes to your site:The first reason regards  your visitors. Even if you get only a small amount of traffic to your site, it can still affect your business. Showing those visitors an error page, or an error-ridden site, can give them the wrong impression about your business.The second reason why setting WordPress maintenance mode is important are search engines. If you are in the process of fixing your site, you might accidentally  cause it to be down.  Search engines might still try to scan your site. When they do, they can get the wrong impression the site is down, and not because of maintenance reasons. This can cause Google, or any other search engine, to decide to demote your website on search te rms. This demotion can thus hurt the amount of traffic you get from those searches.Situations that require setting site in maintenanceThere are several situations that would require you to set maintenance mode:1. Updating your theme, child theme or plugin.  If there is a major plugin or theme update that you need, it is recommended to first set WordPress maintenance mode in action. Even performing a small task, like adding a snippet of code for a search bar, you should make sure your visitors see the under construction page instead of a possible error message.Adding a new theme forces you to do at least some customizations: setting the widgets area, creating menus and so on. Setting the maintenance mode will give you the time you need to customize the site for your color, typography, style and other settings.2. Fixing a bug, or updating a feature in your site.Lets say you need to update your site and make it mobile friendly. To make sure the visitors user experience isnt jeopardiz ed while the update is being performed, it is advised to switch to WordPress maintenance mode. Making these changes will influence how different pages and posts are seen each time the visitor loads them, so setting maintenance mode will make sure the user experience stays consistent and friendly.3. Launching a new site. Even though this is a one-time occurrence, the duration of time it takes to launch a site is the most significant one. Launching can sometimes go on for weeks and even months. Setting the coming soon page will make sure your visitors know when you will finally launch.These visitors may possibly subscribe to get notified about the launch. Incorporating your subscription form or possibly your social media links, will make sure you start gathering an audience, even though the site has not yet launched.How to go on maintenance mode?Lets say you are working on implementing a child theme for Zelle Pro, and need to do some modifications of content and design. Using Elemento rs built-in maintenance mode will allow you to customize the Zelle child theme, while displaying a full maintenance mode page without a header or footer.Because you are working on the whole theme and making modifications to the entire page, you want the maintenance mode page to be full page and not include the header and footer, so your visitors wont see the modifications you do in these areas, like changing the menu items.Here are all the steps needed to set up WordPress maintenance mode with Elementor:Step 1 Create the Under Construction templateFirst, we head over to the template library, and create a new template called Under Construction. Next, we edit the template in Elementor, and use one of the pre-designed templates to create the template. Then, we save the template and return to the Elementor tools.Step 2 Setting The maintenance mode pageNow, in Elementor Tools, we choose the maintenance option, as well as the under construction template we created earlier.If we go to i ncognito and reload the website, we will see the template we have created. If we reload the website as logged in Admins, we see the Zelle homepage and can go ahead and perform the maintenance we set out to do.Notice that the same procedure can be used to create a coming soon page. Instead of choosing maintenance, you would need to choose Coming Soon in the mode option. The difference between these two conditions, apart from the templates you customize, is that while Maintenance sends search engines an HTTP 503 response, letting them know the site is temporarily unavailable, Coming Soon sends them HTTP 200 response, meaning the site is up and running, ready to be indexed.Who gets to see the maintenance mode page?Everyone whos not a logged-in admin.If you are running a site that has multiple users, you might decide to allow more than administrators to see the site in development and not the maintenance mode page. For this purpose, Elementors maintenance mode feature has the ability to control who has access under coming soon and maintenance mode.With this feature, you can decide to give access to any role you set up in WordPress, including:  administrators, editors, authors and so on. If you are running a beta test for your new website, for instance, you will be able to use this feature to grant access to the right roles.ConclusionAs weve seen, its very easy to setup an under construction or coming soon page in Zelle using Elementors Maintenance Mode feature.If you are a site owner, web designer or developer, always remember to set a maintenance mode page to prevent your visitors from seeing your site during maintenance or development. If youre already a user of Elementor (and there are lots of reasons to be one), theres no need to download additional plugins to set up a page like that. #WordPress #maintenance mode #tutorial - with @elemntor and Zelle

Future of technology (advantages and disadvantages) free essay sample

From day to day, our world has been changed gradually from one condition to another. Nowadays, technology has advanced in huge leaps and bounds. We cannot imagine the world without technological advances such as computer, televisions, and machines and so on. However there are some advantages and disadvantages of technology. First, technologies play an important role in society because it makes life easier to live on and makes time less consuming. People do not have to do all the hard labor anymore. For example, many people have washing machines, clothes driers and dishwashers, so the amount of energy needed to wash and dry clothes and wash dishes is greatly reduced. Second, medical science is very progressive and saves many innocent lives. Medical treatment has been going well with the help of technology. Nowadays, hospitals use technology as assistance for operations. However, technology also brings harm to our society. The overuse and development of factory industries causes pollution to our world. We will write a custom essay sample on Future of technology (advantages and disadvantages) or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page For example the use of cars and machines causes smoke that affects the quality of our air and destroys our ozone layer and as a result people suffer illnesses like cancer. Another disadvantage is that technologies create financial problems in families because most technologies are expensive. For example people that do not have a washing machine will have to wash clothes by hand which is time consuming. In conclusion, we cannot stop technology from developing in our society. Nowadays, we as people rely on technology everyday to make our lives simpler. Without modern technology our world would be a tough place to live in.

Cloning Essays - Cloning, Molecular Biology, Genetics, Biotechnology

Cloning Essays - Cloning, Molecular Biology, Genetics, Biotechnology Cloning Shortly after the announcement that British scientists had successfully cloned a sheep, Dolly, cloning humans has recently become a possibility that seems much more feasible in today's society. The word clone has been applied to cells as well as to organisms, so that a group of cells stemming from a single cell is also called a clone. Usually the members of a clone are identical in their inherited characteristics that is, in their genes except for any differences caused by mutation. Identical twins, for example, who originate by the division of a single fertilized egg, are members of a clone; whereas nonidentical twins, who derive from two separate fertilized eggs, are not clones. (Microsoft Encarta 97 Encyclopedia). There are two known ways that we can clone humans. The first way involves splitting an embryo into several halves and creating many new individuals from that embryo. The second method of cloning a human involves taking cells from an already existing human being and cloni ng them, in turn creating other individuals that are identical to that particular person. With these two methods at our desposal, we must ask ourselves two very important questions: Should we do this, and Can we? There is no doubt that many problems involving the technological and ethical sides of this issue will arise and will be virtually impossible to avoid, but the overall idea of cloning humans is one that we should accept as a possible reality for the future. Cloning humans is an idea that has always been thought of as something that could be found in science fiction novels, but never as a concept that society could actually experience. Today's technological speed has brought us to the piont to where almost anything is possible. Sarah B. Tegen, '97 MIT Biology Undergraduate President states, I think the cloning of an entire mammal has shown me exactly how fast biology is moving ahead, I had no idea we were so close to this kind of accomplishment. Based on the current science , though, most of these dreams and fears are premature, say some MIT biologists. Many biologist claim that true human cloning is something still far in the future. This raises ethical questions now as towhether or not human cloning should even be attempted. (usnews.com/usnews/issue/). There are many problems with cloning humans. One method of human cloning is splitting embryos. The main issue as to whether or not human cloning is possible through the splitting of embryos began in 1993 when experimentation was done at George Washington University Medical Center in Washington D.C. There Dr. Jerry Hall experimented with the possibility of human cloning and began this moral and ethical debate. There it was concluded that cloning is not something that can be done as of now, but it is quite a possibility for the future. These scientists experimented eagerly in aims of learning how to clone humans. Ruth Macklin of U.S. News & World Report writes, Hall and other scientists split single humans embryos into identical copies, a technology that opens a Pandora's box of ethical questions and has sparked a storm of controversy around the world (usnews.com/usnews/issue/). They attempted to create seventeen human embryos in a laboratory dish and when it had grown enough, separate d them into forty-eight individual cells. Two of the separated cells survived for a few days in the lab developed into new human embryos smaller than the head of a pin and consisting of thirty-two cells each. (usnews.com/usnews/issue/) Although we cannot clone a human yet, this experiment occurred almost two years ago and triggered almost an ethical emergency. Evidence from these experiments received strange reactions from the public. Ruth Macklin states, Cloning is a radical challenge to the most fundamental laws of biology, so it's not unreasonable to be concerned that it might threaten human society and dignity. Yet much of the ethical opposition seems also to grow out of an unthinking disgusta sort of yuk factor. And that makes it hard for even trained scientists and ethicists to see the matter clearly. While human cloning might not offer great benefits to humanity, no one has yet made a persuasive case that it would do any real harm, either. (usnews.com/usnews/issue/). Theologians contend that to

What changes are to be introduced in the Ruritiania central bank law Essay

What changes are to be introduced in the Ruritiania central bank law with a new currency law - Essay Example Policy decisions must be both anticipatory and innovative, considering all relevant information regarding the prospective evolution of prices, and guaranteeing that the final objective is realized in a timely manner (Lamfalussy, 466). Central banks have generally had the objectives of maintaining price stability, maintaining financial stability and fostering financial development more broadly and to support the state’s financing need in times of crisis (Goodhart). The new Ruritiania Central Bank law should be provided with these operations under the new law. Like most jurisdictions, the Monetary Policy Treaty in Europe issues the European System of Central Banks full independence to determine the appropriate level of interest rates (Lamfalussy). The years 1930 to 1960 saw government control over central banks (Goodhart). This initiated substantial economic depressions, and was deemed pragmatic. It was this negative impact that led to the independence of central banks all over the globe. The new Ruritiania currency law should provide for the independence of the Central bank if it is to be adopted to avoid encounters such as economic depressions (Giovanoli). The new Ruritiania law provides for the net foreign exchange reserves. Under Article 5(1) of the law, it is clearly stipulated that the mandate of the central bank shall be to ensure the aggregate amount of its monetary liabilities shall not exceed the equivalent of its foreign exchange reserves. Such aggregate amount of the monetary liabilities as provided under sub-article 2 shall be the sum of all existing banknotes, coins and main units existing in any branch of the central bank, and also any credit balances of all accounts maintained on the books of the central bank and its organizational units. Article 7 provides for dollarization, a factor that occurs when a country formally discards its own currency and adopts a more unwavering currency of another country as a legal tender with