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xz_007 [3.2K]
3 years ago
11

Nadia could not withdraw money from her checking account, even though it had been several weeks since she deposited a check. Wha

t act protects her from this?1. Equal Credit Opportunity Act2. The Truth in Lending Act3. Expedited Funds Availability Act4. The FDIC Deposit Regulations Act
Business
1 answer:
forsale [732]3 years ago
4 0

Answer:

4) The FDIC Deposit Regulations Act

Explanation:

Federal Deposit Insurance Corporation (FDIC) was created by the Banking Act of 1933, and its main function if to provide deposit insurance to depositors in US depository institutions (banks, credit unions, etc.).

In an event of a bank failure, the FDIC protects the depositor's money as long as the bank is insured by the FDIC. The FDIC covers accounts of up to $250,000.

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A potential customer for an $88,000 fire insurance policy possesses a home in an area that, according to experience, may sustain
Ksenya-84 [330]

Answer:

The answer is: In order for the company to break even on all the $88,000 policies in that area it must charge $528 per yearly policy.

Explanation:

In order to calculate what premium the insurance company should charge in order to break even, we must know how much money the company will have to pay during the year.

Fire insurance policy of $88,000

<u>Possible losses             Probability      Money paid by company    </u>  

total loss                              0.001              $88,000

50% loss                              0.01                $44,000

The company will have to pay $88 ($88,000 x 0.001) for a total loss and $440 ($44,000 x 0.01) for a 50% loss, we add them up and get $528.

In order for the company to break even on all the $88,000 policies in that area it must charge $528 per yearly policy.

8 0
3 years ago
Jonah tells his friend Derek that he would like to go parasailing. Derek is very enthusiastic and suggests that they try an outf
nekit [7.7K]

Answer:

- Derek is an agent of Jonah

- Derek failed in his fiduciary duties to his principal

Explanation:

An a agent is someone that is appointed by a principal to take care of their interests. The agent's loyalty is to only his principal and he should not manipulate the relationship for personal gain.

In the given scenario Jonah appointed Derek to arrange for parasailing activity. So he is an agent to Jonah in this respect.

However Derek chooses an outfit called Wind Beneath My Wings where he is an owner, he put aside $600 instead of $350 for the reservation, and the company is unlicensed.

All these are violations of Derek's fiduciary duty. He put Jonah at risk for his own personal gain.

8 0
3 years ago
IPOs are associated with several puzzles: IPOs are underpriced on average; new issues are highly cyclical; transaction costs of
goblinko [34]

Answer:

Explanation:

Firms still choose to go for an IPO for the following reasons;

1. Majorly, it is a means of generating revenue. Revenue is generated when stocks are sold to the public.

2. It is also a means of reducing risk, The cost of running the business is spread across many investors, so is the risk.

3. There is reduction of the overall cost of capital and gives the company a more solid standing when negotiating interest rates with banks.

4. Companies can easily offer up stocks instead of cash in the acquisition of other companies or in the case of mergers.

5. Having stocks listed on NSE is a means of public exposure

Investors choose to buy stocks of IPO firms because the initial offering is usually at a low rate since the firm is still small and relatively unknown. This stocks bought at a cheap rates have the chance of rising thus generating gains for the investors.

5 0
3 years ago
What is the national average of student loan debt
In-s [12.5K]

Answer:

$37,127

Explanation:

8 0
4 years ago
When the selling division in an internal transfer has unsatisfied demand from outside customers for the product that is being tr
Kruka [31]

Answer: c. the market price charged to outside customers

Explanation:

When a division is able to sell its products to customers outside the company for a certain price but instead has to transfer these to another division in the company, the minimum transfer price will have to be the selling price to the customers outside so that the division would not make losses.

The division that this good is transferred to will then reflect the cost of acquiring the goods as that selling price. This cost will be accounted for when the new division wants to sell their own goods that way this cost will be recuperated on a company level.

6 0
3 years ago
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