Answer:
The correct answer is letter "C": The complete credit intermediation is performed through a series of steps involving many nonbank financial service firms.
Explanation:
The Shadow Banking System is composed of entities that either intermediate operations through banks or regulated financial institutions in a conventional way. <em>Hedge funds, special purpose entities, structured investment vehicles, </em>and <em>mutual funds</em> are among the types of organizations that make up the shadow banking system.
Shadow banks make most of their money by acting as intermediaries between large borrowers and large borrowers. They earn their income from interest rate spreads and the fees they charge for their services.
Answer:
A. Require the CFO's office to prepare checks only on the basis of supporting documentation from both the timekeeper and payroll office.
Explanation:
Answer:
the $500,000 that the old production line costed must be treated as a sunk cost. Sunk costs are costs that have already been incurred and the firm cannot recover them no matter what they do. in this case, since ankle-length skirts are out of fashion, the production is useless and is worth $0.
Explanation:
Answer:
C monopolies act in ways that hurt consumers
Trust