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4vir4ik [10]
3 years ago
8

The Federal Reserve provided a loan to finance J. P. Morgan's purchase of Bear Stearns because Bear Stearns was too: A. intercon

nected with other banks to let fail. B. important to the check clearing process to let fail. C. large of a holder of U.S. Treasury deposits. D. big to let fail.
Business
1 answer:
Crank3 years ago
4 0

Answer:

D) big to let fail.

Explanation:

Once JP Morgan decided to purchase Bear Stearns, the FED agreed to offer JP  Morgan a $29 billion credit line against an estimated $30 billion worth of mortgage related assets owned by Bear Stearns.

This was a political decision since the collateral was not really worth $30 billion, a lot of it were just junk securities. But Bear Stearns was viewed as too big to fail, which means that its bankruptcy could cause a ripple effect that could damage the whole economy.

Actually the whole economy was damaged, although those who supported the idea of giving more money to those who ruined you, say that the damage would have been worse if the bailouts hadn't occurred.

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whats good ways to get all of your homework done at a recent time instead of staying up doing not to your full capability and st
gayaneshka [121]

Plain out your day making time to do your work.  Do some of your work then set aside 10-15 mins to relax then work until you feel you need another 10-15 just limit it to two 15 min breaks for 4 hrs of work.


Hope this help and have fun. :)

8 0
3 years ago
Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs
Sindrei [870]

Answer:

d) $38,000 Debit balance.

Explanation:

Predetermined overhead rate = Estimated Total Overhead Costs / Estimated Direct Labor Costs

= $472000 / $2,360,000

= 0.2

= 20% of direct labor costs.

Applied overheads = (20%*Actual direct labor costs)

Applied overheads = 20% * $1,980,000

Applied overheads = $396,000

So, Overhead under-applied = $434,000 - $396,000 = $38,000 (Debit)

8 0
3 years ago
List three pieces of information listed in a credit card agreement that you believe are important to review before signing up fo
expeople1 [14]

Explanation:

Annual Percentage Rate (APR). This is the cost of borrowing on the card, if you don’t pay the whole balance off each month. You can compare the APR for different cards which will help you to choose the cheapest. You should also compare other things about the cards, for example, fees, charges and incentives

Annual fee. Some cards charge a fee each year for use of the card. The fee is added to the amount due and you will have to pay interest on the fee as well as on your spending, unless you pay it in full.

Minimum repayment. If you don’t pay off the balance each month, you will be asked to repay a minimum amount. This is typically around 3% of the balance due.

3 0
3 years ago
Read 2 more answers
Are scholarships included in gross income
GarryVolchara [31]

Answer:

Generally, you report any portion of a scholarship, a fellowship grant, or other grant that you must include in gross income as follows: If filing Form 1040 (PDF), include the taxable portion in the total amount reported on the "Wages, salaries, tips" line of your tax return

7 0
3 years ago
Zoe takes out a discounted loan for $1,200 at a simple interest rate of 6%, but only receives $1,020 into her bank account. What
I am Lyosha [343]

Answer:  35 months

Explanation:

Interest to be paid = 1,200 - 1,020

= $180

This means that;

180 = 1,020 * 0.06 * t

61.2t = 180

t = 2.94 years

In months

= 2.94 * 12

= 35.28

= 35 months

3 0
3 years ago
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