Maltese/EU examples

Question 1

ETC Unemployment

Answer 1

Where employed people go to apply for benefits, they test your skills. Those who qualify for part 1 get an interview and if they do not manage to get a job more than twice then they’re off the list and stay on benefits. Part 2 is for part time people who want 2nd get no benefits

Question 2

Malta environment and planning authority

Answer 2

efficieniency, accountability are key components of the reform taking place within MEPA..they are conscience that informing and involving public and all interested parties in policy making and decision taking is crucial to the ineleastic improvement of our islands.

Question 3

European Union role

Answer 3

1. Internal market: ensure effienct trade within Europe
2. Stable/sustainable development: balanced economic growth and stable prices. Seeks to create competitive market economy taking into account peoples wellbeing and social needs
3. Environmental protection : efforts made protecting environment and repairs any damage made
4. Scientific/technological development: Eu supports this and invests in education.
5. Solidarity - between countries and people is promoted in the field of the economy, social equity and regions.

Question 4

Eu monetary EMU

Answer 4

Involves the co-ordinates of economic and fiscal policies, a common monetary policy and common currency is the euro

Question 5

European Central Bank role

Answer 5

1. Sets interest rates at which it lends to commercial banks in eurozone
2. Manages eurozones foreign currency reserves and buying/selling of currencies to balance exchange rates
3. Authorises production of Euro bank notes by eurozone countries
4. Monitors price trends and assesses risks to price stability
5. Ensures financial markets and institutes are being well supervised by national authorities
6. Lowers inflation
7. Lowers interest rates

Question 6

Central bank

Answer 6

1. Operates government monetary policy,
   . Decrease in interest = more borrowing = more spending
2. Supervises banking sector = keep overall control of the banking sector
3. Lender of last resort - provides cash for banks in difficult times on its own terms.
4. Manages national debt
5. Governments bank
6. Holder of gold / foreign currency reserves

Question 7

Malta stock exchange

Answer 7

1. Where stocks/shares are sold and provides market for long term borrowing
2. Government borrows through here
3. Firms benefit as existence of market for second hand shares, allows them to issue new shares more easily

Question 8

MFSA

Answer 8

1. Regulates financial services sector - incorporates all financial activity
2. Management of the registry of companies
   3 setting out policy and general direction
3. Responsibile for licensing, supervision and regulation for authorisation

Question 9

Commercial banks

Answer 9

1. Accept deposits
2. . Give advice to clients about investment
3. Execute wills
4. Provides vaults for safe keeping of documents
5. Issue loans and overdraft facilities
6. Administers poverty of minors
7. Bancassurance
8. Provides foreigners exchange

Question 10

SME small medium enterprises

Answer 10

National economic development agency responsible for promoting and facilitating international investment in the maltese islands by offering investors excellent business opportunities and tailored services. It promotes the islands economic growth locally and abroad

Question 11

MTA MALTA TOURISM AUTHORITY

Answer 11

strengthens the public and private partner - ship in tourism through greater and more direct participation by private sector in national planning and development of the industry