Tuesday, December 31, 2019

Organic Compounds - Names and Formulas Starting with C

This is a list of organic compound names and formulas with names starting with the letter C. C60 fullerene - C60Cacodylic acid - C2H7AsO2Cacotheline - C21H21N3O7Cadaverine — C5H14N2Cadinene - C15H24Cafestol - C20H28O3Caffeine - C8H10N4O2Calcein - C30H26N2O13Calciferol (Vitamin D)CalcitoninCalmodulinCalreticulinCamphene - C10H16Camphor - C10H16OCannabinol - C21H26O2Caproic Acid - C6H12O2Caprolactam - C6H11NOCaprolactone - C6H10O2Caprylic acid - C8H16O2Capsaicin - C18H27NO3Captan - C9H8Cl3NO2SCaptopril - C9H15NO3SCarbamide (Urea) - CH4N2OCarbazole - C12H9NCarbazol-9-yl-methanol (N-(Hydroxymethyl)carbazole) - C13H11NOCarbinol - CH4OCarbofuran - C12H15NO3CarbohydratesCarbolic acid (Phenol) - C6H6OCarbonate ester functional groupCarbon dioxide - CO2Carbon nanotubeCarbon tetrachloride - CCl4Carbonyl chloride - CCl2OCarbonyl fluoride - COF2Carbonyl functional groupCarboplatin - C6H14N2O4PtCarboxamide functional groupCarboxyl functional groupcarboxylate functional groupcarboxylic acid functional groupCarboxypolymethylene - C3H4O2Carminic acid - C22H20O13Carnitine - C7H15NO3Ca rotene - C40H56Cartap - C7H16ClN3O2S2Carvacrol - C10H14OCarvone - C10H14OCastor oil - C6H6O2Catechol - C6H6O2Cedrane - C15H26Cedrol - C15H26OCefazolin - C14H14N8O4S3Cefotaxime - C16H17N5O7S2Ceftriaxone - C18H18N8O7S3Cellulose - (C6H10O5)xCellulose acetateCellulose nitrate - C6H7(NO2)3O5Cephalotaxine - C18H21NO4Cetane (Hexadecane) - C16H34Cetrimonium bromide - C19H42BrNCetirizine - C21H25ClN2O3Cetyl alcohol - C16H34OCevane - C27H45NChelidonine - C20H19NO5Chloracetyl chloride - C2H2Cl2OChloral - C2HCl3OChloral hydrate - C2H2Cl3O2Chlorambucil - C14H19Cl2NO2Chloramine-T - C7H7ClNO2SÂ ·Na(3H2O)Chloramphenicol - C11H12Cl2N2O5Chloranilic acid - C6H2Cl2O4Chlordane - C10H6Cl8Chlorhexidine - C22H30Cl2N10Chloroacetic acid - C2H3ClO24-Chloroaniline (p-Chloroaniline) - C6H6ClNChlorobenzene - C6H5Cl2-Chlorobenzoic acid (o-Chlorobenzoic acid) - C7H5ClO2Chlorodifluoromethane - CHClF2Chlorodimethylethane (tert-butyl chloride) - (CH3)3CClChloroethane - C2H5ClChloroethene (Vinyl chloride) - C2H3Cl2-c hloroethenyldichloroarsine (Lewisite) - C2H2AsCl3Chlorofluoromethane - Freon 31 - CH2ClFChloroform - CHCl3Chloroformonitrile - CNClChloro-m-cresol - C7H7ClOChloromethane - CH3ClChloronitroaniline - C6H5ClN2O2Chloropentafluoroethane - C2ClF5Chloroperoxybenzoic acid (mCPBA) - C7H5ClO3Chlorophyll a - C55H72O5N4MgChlorophyll b - C55H70O6N4MgChlorophyll c1 - C35H30O5N4MgChlorophyll c2 - C35H28O5N4MgChlorophyll d - C54H70O6N4MgChloropicrin - CCl3NO2Chloroprene - C4H5ClChloroquine - C18H26ClN3Chlorostyrene - C8H7ClChlorothiazide - C7H6ClN3O4S2Chlorotrifluoromethane - CClF3Chlorotrimethylsilane - C3H9SiClChloroxuron - C15H15ClN2O2Chloroxylenol - C8H9ClOChlorpyrifos - C9H11Cl3NO3PSChlorthiamide - C7H5Cl2NSCholecalciferol (Vitamin D3) - C27H44OCholesterol - C27H46OCholine - C5H14NOChromotropic acid - C10H8O8S2Cilostazol - C20H27N5O2Cinchocaine - C20H29N3O2Cinchonan - C19H22N2Cinchonine - C19H22N2OCinnamaldehyde - C9H8OCinnamic acid - C9H8O2Cinnamyl alcohol - C9H10OCinnoline - C4H4N2Citral - C 10H16OCitric acid - C6H8O7Citronellal - C10H18OCitrulline - C6H13N3O3Clobetasone - C22H26ClFO4Clopidol - C7H7Cl2NOCloxacillin - C19H18ClN3O5SCobalamin (Vitamin B12) - C63H88CoN14O14PCocaine - C17H21NO4Cocamidopropyl (CAPB) - C19H38N2O3Colchicine - C22H25NO6Congo red - C32H22N6Na2O6S2Coniine - C8H17NCoomassie blue - C47H50N3O7S2Coronene - C24H12Cortisol - C21H30O5Cortisone - C21H28O5Coumarin - C9H6O2Corynan - C19H26N2Corynoxan - C19H28N2CPPO (Bis(2,4,5-trichlorophenyl-6-carbopentoxyphenyl)oxalate) - C26H24Cl6O8Creatine - C4H9N3O2Cresol - C7H8OCresyl violet - C19H18ClN3OCrinan - C16H19NO2Crotonaldehyde - C4H6O18-Crown-6 - C12H24O6Crystal violet - C24H28N3ClCubane - C8H8Cumene - C9H12Cupferron - C6H9N3O2Curan - C19H26N2Cuscohygrine - C13H24N2OCyanate functional groupCyanic chloride - CNClCyanogen - C2N2Cyanogen chloride - CNClCyanoguanidine - C2H4N4Cyanuric acid - C3H3N3O3cyanuric chloride - C3Cl3N3Cyclobutane - C4H8Cyclodecane - C10H20ÃŽ ±-Cyclodextrin - C36H60O30ÃŽ ²-Cyclodextrin - C 42H70O35ÃŽ ³-Cyclodextrin - C48H80O39ÃŽ ²-Cyclodextrin - C42H70O35Cyclododecane - C12H24Cycloheptatriene - C7H81,3-Cyclohexadiene - C6H81,4-Cyclohexadiene - C6H8Cyclohexane - C6H12Cyclohexanol - C6H12OCyclohexanone - C6H10OCyclohexanone diethyl ketal - C10H20O2Cyclohexene - C6H10Cyclonite - C3H6N6O6Cyclooctatetraene - C8H8Cyclopentadiene - C5H6Cyclopentane - C5H10Cyclopentanol - C5H10OCyclopentanone - C5H8OCyclopentene - C5H8Cyclopropane - C3H6cyclosarin - C7H14FO2Pcyclosarin (ball and stick model) - C7H14FO2PCypermethrin - C22H19Cl2NO3Cysteamine - C2H7NSCysteine - C3H7NO2SCytidine - C9H13N3O5Cystine - C6H12N2O4S2Cytosine - C4H5N3O

Monday, December 23, 2019

Teens, Drug, and Alcohol Use Essay - 593 Words

Teens, Drug, and Alcohol Use There is no simple answer to why a teen might begin using drugs or alcohol. Many times, it is a combination of several things. They may turn to drugs to escape stress or loneliness or to overcome shyness in social situations. They may want to be seen as grown up, or they may simply be curious. Teens often want to be like their role models as well; so, if their favorite music group or a cool friend at school uses drugs or alcohol, they may also use drugs or alcohol to be like them. (Teen Health) Adolescence is often a time of low self-esteem, which can develop as a result of not being able to grow and change as quickly as desired. A young person with low self-esteem may feel they are not as smart,†¦show more content†¦Among 10th graders, Ecstasy use rose from 4.4 percent to 5.4 percent; and among 12th graders, from 5.6 percent to 8.2 percent. (2/3 Teens try drugs) A survey released in 2002 from the Center on Addiction and Substance Abuse (CASA) at Columbia University indicates that 95 percent of teens that smoke cigarettes start at or before age 15. Ninety three percent of teens that drink alcohol start at or before the age 15. In addition, 86 percent of teens that smoke marijuana start at age 15. (CASA) If a parent suspects that their teen is using they may feel the need to catch them. So, they search their room, or control their activities and friends. Which are normal feelings, after all parents want their kids to be safe. However, it might be more helpful to talk with them and let them know of the changes they have observed and what the cause is. (Alcohol and Drug Abuse Commission) Preventing teen drug use is possible; parents and guardians need to learn the warning signs and dangers. They may ask themselves, how can I know if my teen is using? Well, here are some warning signs: Mood swings Personality changes Self-centered Change in dress or friends School problems Being paranoid (Alcohol and Drug Abuse Commission)Show MoreRelatedPromoting A Drug Awareness Program For Teens1695 Words   |  7 PagesPromoting a Drug Awareness Program for Teens Teen drug use/abuse is common. According to the U. S. Department of Health Human Services, the most common drugs teens use are alcohol, marijuana, tobacco, and prescription drugs (2016). Other drugs used are inhalants, over-the-counter medications, and other illegal drugs such as cocaine, methamphetamine, and heroin. The use of drugs and alcohol increase the risk of injury or death. According to WebMD, alcohol and drug abuse is a leading causeRead MoreTeenagers, Drugs, And The American Academy Of Child And Adolescent Psychiatry1450 Words   |  6 Pages Teenagers abuse a variety of drugs, both legal and illegal. The American Academy of Child and Adolescent Psychiatry names the following as the legal drugs that teens experiment with: alcohol, prescription medications, inhalants (fumes from glues, aerosols, and solvents) and over-the-counter cough, cold, sleep, and diet medications. The most commonly used illegal drugs according to the American Academy of Child and Adoles cent Psychiatry are: marijuana (pot), stimulants (cocaine, crack, andRead MoreUnderage Alcohol At A Young Age : The Peak Of Growth And Self Discovery1165 Words   |  5 Pagestest new boundaries. Because of this, most teens turn to experimentation with drugs or alcohol out of curiosity and when looking for a new way to have fun. Just think, teenagers are too old for games and too young for adult activities and responsibilities. Slurring words or acting in an altered way can provide entertainment for many teens. According to the Teen Rehab Center, 68% of high school seniors have tried alcohol at some point (â€Å"Drug†). Drinking alcohol at a young age can be detrimental. For exampleRead MoreDont lower the drinking Age1229 Words   |  5 Pagesbeen made; however, no hard evidence suggesting lowering the minimum drinking age would help have surfaced. Although there are countless studies of how alcohol has many harmful effects on teenagers, there is a great deal of negative cr iticism about what if the drinking age is lowered. Some would say the morally right decision is to not allow teens the chance to hurt themselves. Everyone is entitled to having his or her own opinions and beliefs. However, the overall health of the youth of our countryRead MoreWhy Kids Turn to Drugs1524 Words   |  7 PagesWhy Kids Turn to Drugs There is no simple answer to why a young person might begin using alcohol or other drugs. Many times, it is a combination of several factors, including society, family and peers. They may turn to drugs to escape stress or loneliness or to overcome shyness in social situations. They may want to be seen as grown up or as a risk taker. Or, they may simply be curious. Teens often want to be like their role models as well. So, if their favorite music group, older sibling, parentsRead MoreMarijuana Should Not Go Without Suspicion913 Words   |  4 Pagesunlikely suspect of thousands of drug induced accidents and/or deaths in Australia today, especially among teens. At first thought, many may believe alcohol is the outright cause of such accidents, but at a closer look at the facts and figures one will discover that marijuana should not go without suspicion. The vast amounts of chemicals of which marijuana contains each have their own impacts unto the human body, not to mention the increas ing use of the drug among teens. It is here then obvious thatRead MoreDrug and Alcohol Abuse Essay1174 Words   |  5 PagesAlcohol abuse is a serious problem, driving while drunk or under the influence of drugs is an even bigger problem that shouldn’t be taken lightly. Abusing either one of these substances can lead to the death of you or the death of someone else or even cause a major change in their life like Jacqueline’s story, her whole life has been changed because of another person’s ignorance and carelessness. Therefore, you should know the facts about drug and alcohol abuse before you do something you may regretRead MoreThe Legal Drinking Age Should Be Lowered1170 Words   |  5 Pagesways alcohol has been a reason for death such as, alcohol poisoning or drunk driving. Americans death rate has increased in the past few years for alcohol poisoning in the adolescence stage. Just because the majority of teens consume alcohol underage does not mean the l egal drinking age should be lowered. Although the legal drinking age in the U.S. should stay at twenty-one years old due to small reasons such as, drinking under the influence or alcohol poisoning, the MLDA has helped teens withRead MoreEssay about Health Education Plan922 Words   |  4 Pagesawareness of the effects of drug and alcohol use amongst this vulnerable group. It will be held Sunday, April 22, 2012, from 3pm to 7pm at the Campo YMCA in Valrico Florida. Permission from all minors has been obtained from the parents, prior to this education forum. Pizza and soda will be served after presentation. Description of Educational Need Researchers proved a long time ago that teens that drink or use drugs before age 21, will more likely develop a serious alcohol or drug related issue. BecauseRead More why kids turn to drugs Essay1513 Words   |  7 Pages Why Kids Turn to Drugs There is no simple answer to why a young person might begin using alcohol or other drugs. Many times, it is a combination of several factors, including society, family and peers. They may turn to drugs to escape stress or loneliness or to overcome shyness in social situations. They may want to be seen as grown up or as a risk taker. Or, they may simply be curious. Teens often want to be like their role models as well. So, if their favorite music group, older sibling, parents

Sunday, December 15, 2019

Swing Vote Free Essays

Introduction: A swing vote is a particular vote which may affect any candidate in an election. Such votes are usually sought after in elections, since they have such a large role in the outcome. † Swing Vote† is the actual name of the movie we chose to write about since it pertains to much of what we have discussed in class, such as how citizens have the right to vote. We will write a custom essay sample on Swing Vote or any similar topic only for you Order Now This movie also has the media itself come alive in mostly every chapter. How it also affects the Electoral College and the battle between conservatives and liberals, and of course presidential election nominees.Film Summary: Swing Vote is about a story of an election that takes place in New Mexico. The main character Bud Johnson who is played by Kevin Costner, is a middle aged deadbeat single father with no ambitious goals that faces one of the strangest dilemmas ever to occur in the United States. He alone is faced with the decision of the next president. He has the complete power to pick whichever candidate he likes best. He has a twelve year old daughter named Molly who practically runs his life and is completely gifted intellectually.She has high hopes for her country and is completely involved with its politics. It was because of her that her father was ever registered to vote. She insisted that he take part in the upcoming election and vote for the candidate he liked best. As voting day arrives he unintentionally missed his opportunity due to the fact that he was completely drunk. Molly then takes it upon herself to sneak into the polling place and votes for her father. However, due to the voting machines being unplugged, the ballot is registered, but there is no decision on which candidate was selected.The entire election comes down to this one county, one person because the popular vote was exactly tied for each candidate in New Mexico, leaving Bud to decide the next President of the United States of America. This film also includes both the Republican candidate and the Democratic candidate fighting it out to win over Bud Johnson’s vote. Bud gets wooed by both parties for best results in their favor. As the media gets involved, they misinterpret his opinions causing both candidates to switch on several positions. Throughout the story Bud begins to realize the power he has at is fingertips and how he completely changes for the best. Concept 1: Citizen’s Right to Vote In the Constitution of the United States, the fifteen amendment states that â€Å"the right of citizens of the United States to vote shall not be denied or abridged by the United States or by any State on account of race, color, or previous condition or servitude†. Bud, the main character of the movie has every right to vote. Even though his twelve year old daughter went to the voting polls and did it for him illegally, he still had every right.This movie helped broaden peoples perspectives about the government and how voting takes place. In the movie the main character Bud lived his life without a care for anything but his daughter. He was consistently hopping bar to bar getting drunk without a care, and yet he is still allowed to participate in one of the largest elections the United States has to offer. The movie portrayed voting more as a privilege and something that must be taken seriously because the person you are voting for is going to be around for the next four years.Concept 2: The Media Another large contributing fact towards the movie was the media itself. In the book â€Å"We the People† chapter ten is about the media and its effects on our society. It explains the various types of news coverage available for people in different situations. How the younger generations of people are now starting to use the internet as their main source of information, to where as an older generation will rely on the news coverage that is given to them on their newspaper. It also explains how different news stations may have certain agendas which might help increase a vote for a specific candidate and others which are vice versa. In the movie the media shined upon everything that was going on. The dilemma between one man choosing the fate of the election allowed for great news coverage. Once news spread about where the main character lived, it was all over the news. The main character could not even look out his window without having a reporter take a picture of him. Every movement he made was being watched from every corner, allowing for every news station to report hatever they assumed he was thinking about or doing. Certain news stations made him seem very incompetent while others used it more for ratings. Throughout the entire movie the media was relentlessly accusing the main character without hesitation. Concept 3: Electoral College According to the National Archives and Records Administration, the Electoral College is a process of the United States Constitution. It was established by the founding fathers as a compromise between election of the president by Congress and election by popular vote.It also states that each state is allocated a number of electors equal to the number of its United States Senators, which is always two, plus the number of its United States Representatives. In the movie, the case was by popular vote which is why it was up to one man to make the decision. Before his daughter had put in his vote it was an equal tie between both parties and his vote was the one that counted most. Since all other states had finished the voting only his state remained due to the fact of the polling machine being powered off during the exact timing of the voting process. As the Electoral College is by popular vote, both parties were wooing the main character for his vote which in the end would give victory to one candidate only. Concept 4: Conservatives and Liberals Political movies always have your conservatives and your liberals or better affiliated as the Republican Party or the Democratic Party. Conservatives believe in personal responsibility and very limited government, whereas liberals believe more in governmental control over people and to create an equal opportunity for all.Both parties work under the democracy of the United States but have very different views upon government interactions with citizens. Throughout the movie both candidates began with their views toward their campaigns. As the story progressed both the Republican Party and the Democratic Party were doing anything they could to win over Bud for his vote. They went as far as switching perspectives for certain situations where the democratic would be pro-life and anti-illegal i mmigration stands; whereas republicans take a pro-environmental and pro gay marriage stands. Both parties were doing the opposite of what they preached just to win the election. Concept 5: Presidential Nominees In the movie both candidates qualified to be the President of the United States because they met the eligibility guidelines set by the Constitution, which states â€Å"No person except a natural born citizen, or a citizen of the United States at the time of the adoption of this Constitution, shall be eligible to the office of President neither shall any person be eligible to that office who shall not have attained to the age of thirty five years, and been fourteen Years a resident within the United States. Both nominees in the movie were above the age of thirty five and both had been natural born citizens. They both had set up primaries and had campaigns going for them which supported the events which took place throughout the interviews. They were both running to become the President of the United States and doing whatever it takes to make it all the way. Concluding Remarks:I personally believe the movie was quite interesting. I understand that this may not happen very often, but if it did, imagine being that one person to be in charge. You alone get to decide who the next President of the United States will be. But then again, if you select someone who does a bad job it might just be your fault. That might be just a little too much pressure to handle. How to cite Swing Vote, Papers

Saturday, December 7, 2019

Macroeconomics Short-Term Economic Impact

Question: Part 1 (Max 1000 words in total, this part counts for 2/3 of the grade) How is Brexit likely to affect the UK business cycle? Suggested approach (feel free to deviate) 1) Focus on the main drivers of cyclical fluctuations. How is Brexit likely to affect them and why? 2) How would these affect the relevant macroeconomic indicators? Are there feedback effects? 3) Discuss possible policy responses and how they could affect the cycle. Part 2 (Max 500 words in total, this part counts for 1/3 of the grade) (Please choose between Question 2a and Question 2b.) 2a Pick a sector in the UK economy and discuss the main opportunities and threats that macroeconomic changes to the business environment (due to Brexit) could create. Answer: Part 1 Effect of Brexit on UK business cycle The main drivers of business cycle fluctuations are interest rate, investment and multiplier effect of investment and consumption, inflation etc. When the output of the economy increases, there is a boom phase in business cycle. The equation of national income is presented as Y = C + I+ G + (X-M), where Y represents national income or GDP, I represents investment, G represents government spending and the last components is net export. When, the federal bank increases the interest rate, the cost of borrowing increases. This has direct impact on private investment. Business organisations reduce their investment spending. In the view of neoclassical economists the supply shocks are main determinants of business cycle fluctuations. The sources of supply shocks are technology, increase in productivity of labour or capital. These factors affect the business performance during a period. When there is technological up gradation or improvement in factor productivity, output in different secto rs of the economy increases (Thomas 2015). Inflow of capital affects the business cycle. Brexit is likely to affect UK business and other countries, which are related through business agreement. Before Brexit UK enjoyed advantage of single market in the European Union. After Brexit there would be a trade relationship between the UK and EU. The new tariff rate in UK and single market of EU are likely to be different. This can impact the business prospects of UK economy. There is a possibility of increase in trade deficit in UK economy as UK may lose the existing privilege of free trade agreement with EU. If EU increases the tariff rate for the import from UK, the export of UK becomes costly, which decreases the trade balance of UK. The trade deficit decreases cash flow in the economy. It may also reduce the volume of trade between UK and rest of the economy in the EU. Decrease in export in the EU may reduce output of the export sectors in UK, which negatively affects countrys GDP (Baker et al. 2016). Some market analysts expect that the value of pound is likely to fall due to Brexit. Therefore, depreciation of currency may hit the internal market in the form of rising inflation. Depreciation increases export and reduces import, as import gets costlier. Inflation increases the borrowing cost. Therefore, investment in real estate and business tends to fall. Private investment falls due to rise in interest rate. Decrease in investment reduces output and employment in the economy. Therefore, the economy is likely to enter into the recession stage (Moultonet et al. 2016). Figure 1: Changes in investment rate (Source: created by author) Increase in interest rate has other aspects. Rise in interest rate influence people to save more. Therefore, economy experiences a decrease in consumption. Decrease in consumption reduces aggregate demand. It also negatively affects the economy by reducing output. As the consumption decreases given the same level of investment, aggregate decreases below aggregate demand and thus there is accumulation of inventory in the economy. Hence, in the next period, national output is likely to fall. Chances are there to enter into recessionary stage increases. Figure 2: Impact on Real GDP (Source: created by author) Brexit may make the UK economy a less attractive location for investment. Firms of other country may intend to sell in EU markets, as it may give more facilities for business operation. Therefore, reduction in external investment may reduce capital inflow. This effect may also increase unemployment rate in the UK economy. IMF has warned that, Brexit is likely to have adverse impact on UK as the possibility of inflation in more. High inflation rate may decrease standard of living of UK people. There is lots of argument against Brexit. Presently Britain gets facility to sell goods in the European market easily. Moreover, the influx of migrant from different region of European countries increases supply of labour in the UK market. The immigrant workers contribute significantly in countrys growth (global-counsel.co.uk, 2016). Baker et al. (2016) argues that Brexit has positive impact Brexit is likely to affect the employment policy of UK, as UK can freely regulate the labour market without the influence of EU. Therefore, the government can regulate the productivity of labour through labour market reform. At present UK has to follow the EUs agency workers directive, which gives the temporary workers same working environment and right of equal pay as the permanent workers. The UK economy incurs annual cost of 490 million due to these regulations. Exit from European Union will give Britain the freedom of own policy formation in the labour and product market. However, unemployment in UK may rise after Brexit, which would reduce the pressure in the wage rate. In case of recessionary stage, the monetary policy is more effective than fiscal policy. According to Keynesian economics, in very short run, the federal bank has to boost up aggregate demand by raising money supply. Investment can be encouraged by reducing interest rate. The central bank can buy short term government bonds to increase money supply in the economy. Increase in investment increases output in several sectors in the economy. As a result, output, employment can rise in medium term. The recessionary effect is offset somewhat as the recessionary gap is reduced. The recessionary gap arises due to gap in actual GDP level and potential GDP. In recessionary period, the actual output falls below potential output. Possibility of increase in tax rate is there with decrease in government spending. However, this also has political impact (Thomas 2015). Part 2 Effect of Brexit on banking business in UK Currently UK is an important financial centre of Europe. In cross border bank lending, the UK have 17% share in international market. In hedge fund assets and wholesale financial services, UK have significant share. However, the Euro zone countries want the wholesale banking to be overseen by the ECB. After Brexit, this enforcement is more likely to happen. UK may suffer an opportunity cost as it cannot take part in liberalising initiatives of Capital market union after Brexit (Smales 2016). The actual outcome of Brexit on UK depends on treaty between UK and EU. Brexit may have mixed impact on UK financial sector. HSBC has decided recently to continue business in UK even after Brexit. However, chief executive of JP Morgan mentioned in Financial Times 2016, that this bank may reduce business in London after exit of Britain from EU. Reducing banking business in UK will have effect on employment. Unemployment in banking sector may rise after Brexit (Monaghan and Elliott 2016).) Passporting is an important pillar of EU financial system. The Markets in Financial Instruments Directive (MiFID) allows the banks to carry business in member states without having license in each country. Any other bank belonging to country other than member of EU, cannot get the opportunity of passporting system. Presently mainly third country banks thus established business in London to use the EU market for financial services. After Brexit, this facility will depend on the negotiation between UK and EU. UK banks may then require new licenses to operate multiple EU jurisdictions under capital requirement directives (Moulton et al. 2016). Currently, the European banks, which trade derivatives, operate under the European Market Infrastructure Regulations (EMIR). The banks require following regulations regarding clearing, trade reporting and risk reporting in line with G20 group. These rules are not applicable for UK after Brexit. However, being a G20 member, UK may have to follow pr inciples of EMIR even after exit from EU. Brexit may increase the interest rate in the market raising the borrowing costs. Average cost of mortgage can increase up to 1000 annually. Therefore, investment in real estate sector may fall. As UK may face recession after Brexit, many economists have suggested that Bank of England should cut the interest rate to boost the economy. Reduction in interest rate would encourage domestic private investment. After Brexit, the UK banks may lose their rights to provide services based on passport. This will not have much effect on retail banking product as few customers obtain retail services in short or medium term. In case of consumer credit, Brexit may have positive effect (bbc.com, 2016). UK is likely to implement the Consumer Credit Directives, which imply that the lender has to comply with one regime for consumer loans up to 60260 and a different regime for consumer loan in excess of the amount and for business loan. References Baker, J., Carreras, O., Ebell, M., Hurst, I., Kirby, S., Meaning, J., Piggott, R. and Warren, J., 2016. The short-term economic impact of leaving the EU.National Institute Economic Review,236(1), pp.108-120. bbc.com (2016). How will Brexit affect your finances? - BBC News. [online] Available at: https://www.bbc.com/news/business-36537906 [Accessed 4 Aug. 2016]. global-counsel.co.uk (2016). [online] Available at: https://www.global-counsel.co.uk/sites/default/files/special-reports/downloads/Global%20Counsel_Impact_of_Brexit.pdf [Accessed 4 Aug. 2016]. Monaghan, A. and Elliott, L. (2016). British economy begins to show signs of post-Brexit slowdown. [online] the Guardian. Available at: https://www.theguardian.com/business/2016/jul/28/health-check-of-key-sectors-post-brexit-vote-counter-growth-figure [Accessed 4 Aug. 2016]. Moulton, R., Coiley, J., Perry, J., Aird, R., and Ward, N., (2016). Brexit: potential impact on the UKs banking industry [online] Available at: https://www.ashurst.com/doc.aspx?id_Content=12909 [Accessed 4 Aug. 2016]. Smales, L.A., 2016. 'Brexit': A Case Study in the Relationship between Political and Financial Market Uncertainty.Available at SSRN 2805807. Thomas, D.S., 2015.Social Aspects of the Business Cycle (RLE: Business Cycles)(Vol. 7). Routledge.