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LittleNemoInS

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Yes, of course. If something is really interesting to the ADHDer, he or she can completely forget every thing else and enter in hyperfocus mode [1].

When one is diagnosed, and aware of this hyperfocus thing, one can use it very efficiently. I, for one, use it to work, with the help of an app called Focus@will, where I can set a timer, and play very loud music, so my brain is focused on the task at hand.

[1] https://add.org/adhd-hyperfocus/

The price is fixed by the editor, there is no state mandated price.

The purpose of the law is to have the same price for a book in every bookshop (with a 5% discount possible). This was supposed to help small booksellers, who could not compete against big corporations. And it kinda worked, as there are more than 3500 independent bookshops in the country.

The split up is not linked to the uniform price, I think it's more a cultural thing.

Inflation occurs when demand is greater than production. This means there is too much cash flowing around. By raising interest rates, you tighten the cash flow : It's harder to get cash from the banks, thus the demand will diminish, and the prices will lower.

Yes, the concept applies to all bank accounts.

As I said, Nostro is also used for own accounts. The account refleting the position of the bank (its own money and assets, not the money or assets deposited by its clients) is also called a nostro, at least in Europe.

You are right, sorry for the confusion. (However, the WP article is not really accurate, nostro accounts can also be our money in our system)

Yes.

If I want to wire you some cash from bank A to bank B, my bank (A) will debit my account,and credit their account (called a nostro). There, we have two possibilities :

* The two banks are connected (meaning B has an account in A), A will debit their nostro and credit the account of B in A (called a loro) and inform bank B via swift. B will debit the account of A in B, credit their nostro, debit their nostro and credit your account

* The two banks are not directly connected : A will debit my account and credit their nostro. They will then debit their nostro and credit the account of a third institution (another bank or a clearing house). They will send a message to the bank B and the third institution, telling them that the cash should be credited to you. If the bank B and the third institution are connected, see above. If not, the process goes on, until the cash "reaches" bank B.

This is highly simplified, but it's the principle.

To simplify heavily, is SWIFT just an accepted and legal alternative to the hawala system?

No. To simplify heavily, Swift is the network on which the hawala system runs.

To transfer cash from a bank to another bank, one can : * call the other bank * send an email * send a letter * send a swift message

Since transfering cash is not as simple as it seems (trust is the key), using an established network with clear fields and backups is a good choice. Thus Swift.