In order to obtain a learners permit, teen drivers are required to pass a written test. Typically they will prepare for this exam by completing a drivers education course. Though not a requirement in all states, drivers ed is the easiest way to be thoroughly prepared for the complicated driving laws and scenarios you’ll face on the permit exam. Once you pass your permit test and earn a permit, there may still be certain restrictions attached to this provisional license — such as requiring a licensed driver over a certain age to be seated in the passenger seat, limiting your driving to daylight hours, and other state-mandated rules.
General United States Permit Requirements
While each state has its own set of guidelines, in general, teens between 14 and 18 years of age can start the drivers education and learners permit process. Once a teen driver has obtained a learners permit, there are additional state-specific requirements they must meet before they can apply for their drivers license.
Before obtaining a learners permit in any state, a teenager is required to pass a driving knowledge test. Drivers education is the best way for a teen to prepare for this exam, whether the state requires it or not. In some cases, passing a drivers ed final exam can substitute for the written exam. No matter how the test is taken, students must pass with at least a 70% or higher, depending on that state’s minimum. Once he or she passes, a teen driver will be issued a learners permit. Some states require teen drivers to have a permit for a minimum of 6 months before they can take their drivers license exam.
The government must control the money supply.
Answer:
C) the safety and soundness of the financial system in aggregate.
Explanation:
Macroprudential regulation focuses on reducing systemic risk.
Systemic risk is the financial risk associated with an event from a specific company damaging the whole financial system. Systemic risk was responsible for the collapse leading to the Great Recession (2008-2010).
The "too big to fail" policy is an example of macroprudential regulation.
Answer:
The expected return=17.78 percent
Explanation:
Step 1: Determine risk free rate, beta and market risk premium
risk free rate=4.5%
beta=1.28
market risk premium/return on market=12%
Step 2: Express the formula for expected return
The expected return can be expressed as follows;
ER=RFR+(B×EMR)
where;
ER-expected return
RFR=risk free rate
B=beta
EMR=expected market return
replacing with the values in step 1;
ER=(4.5)+(1.28×12)
ER=4.5+13.28
ER=17.78
The expected return=17.78 percent
