Wednesday 28 May 2014

Day3 yongkang

Through today's visit, I learnt about how the banks earn money and how are they regulated, I learnt the difference between pawnshops in Singapore as compared to Taiwan,also learnt how advanced technology is nowadays. Singapore's pawnshops are wide spread and are counters are enclosed with metal bars. While pawnshops in Taiwan have a 'closer' feeling with the customers with just a window. Taiwan pawnshops also accept cars and motorcycles which are hardly accepted in Singapore. For banks, Taiwan allows student groups to visit while Singapore just declined, making Taiwan have a more friendly impression to me. I want to know that how does the pawnshop find a suitable price, since if the price is lower, the customer needs to pay lesser interest when claiming back their goods, while setting higher will cause the shop to earn lesser. I also want to know if the country secretly prints money and transfer it to the market will it still cause inflation? The visit to the robot factory is very interesting as it involves interaction, which is very outstanding from the other exhibition style places.

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