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sattari [20]
1 year ago
9

during the cooling off period, underwriters would be allowed to do all of the following except a) take indications of interest.

b) advertise the issue. c) publish a tombstone. d) distribute a preliminary prospectus.
Business
1 answer:
ss7ja [257]1 year ago
3 0

During the cooling off period, underwriters would be allowed to do all of the aforementioned except: b) advertise the issue.

<h3>Who is an underwriter?</h3>

An underwriter can be defined as an individual or business firm that is saddled with the responsibility of evaluating and assuming another party's financial risk for an agreed amount of money (fee), which is often paid as a spread, commission, interest, or premium.

This ultimately implies that, an underwriter helps a lender (financial institution) in determining the level of risk associated with an issue.

As a general rule, underwriters would be allowed to do all of the following during the cooling off period:

  • Take indications of interest.
  • Publish a tombstone.
  • Distribute a preliminary prospectus.

In this context, we can reasonably infer and logically deduce that during the cooling off period, underwriters would only be allowed to do all of the aforementioned except distribute sale or advertise the issue.

Read more on underwriters here: brainly.com/question/28026586

#SPJ1

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What is the prime rate? a. the prime rate is the best interest rate that banks offer their most creditworthy customers. b. the p
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1 year ago
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3 0
3 years ago
If total deposits in bank A total $15 million and the required-reserve ratio is 10 percent, than excess reserves equal:_______
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Answer:

$13.5 million  

Explanation:

Fractional Banking System- This is banking system where banks are required by the central banking authority to keep a certain percentage of their total deposit as the minimum reserve which they cannot lend out.

The idea behind this requirement is to help manage liquidity risk- a situation where a bank does not have enough cash to meet its deposit customers demand.

Required-reserve ratio: The minimum percentage that banks are required to keep as reserve is known as the required-reserve ratio. In this question, it is given as 10%. Multiply this ratio by the total deposit and you will get the required reserve in dollar amount.

Therefore the required reserve for this bank = 10% ×$15 million= $1.5 million

Excess reserve; Excess reserve is the balance of the total deposit over and above the required reserve. The bank can lend and create loan asset from this balance.

It is calculated as = Total deposit - Required reserve

So we apply this to our question

        Excess reserve = $15 million - (10% × $15 million)

                               = $15 million - $1.5 million

                              = $13.5 million

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The reason why they would have to do this is based on the fact that when the actual output in the economy is more than the potential output, It means that there is an inflationary gap.

In order to close this gap, the fed would have to reduce the aggregate demand, thereby raising the rate of interest. This would in turn lead to the fall in consumption and fall in saving.

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