Answer:
The answer is E. $15 million
Explanation:
We have the bank's net liquidity position is equal to its Cash inflow - Cash outflow.
Cash inflow = incoming deposits + revenues from the sale of nondeposit services + customer loan repayments + sale of bank assets + money market borrowings= 30 million + 15 million + 25 million + 5million + 45 million = $120 million
Cash outflow = deposit withdrawals + acceptable loan requests + repayments of bank borrowings + cash outflows to cover other operating expenses + dividend payments to its stockholders = 20 million + 60 million + 10 million + 5 million + 10 million = $105 million
So, net liquidity position is: 120 million - 105 million = $15 million.
So, the answer is E. $15 million.
The main difference of the two is the kind of employers who can offer the saving plans. For 403(b) saving plans, this applies to nonprofit companies, schools, government organizations, hospitals and religious groups. They are exempt of some administrative processes making it less costly compared to 401(k) savings plan. 401(k) savings plan is applied on private companies.
Answer:
B. 17 is the correct answer.
Explanation:
You might be required to provide a social security number if you want to rent a car. This implies the correct answer is D.
A social security number is a number that is provided by the US government and issued to the citizens. The social security number can also be given to eligible residents if they apply for it. A social security number (SSN) contains nine-digit numbers and it serves many purposes.
<h2>Further Explanation</h2>
The social security number is used by the government to monitors your earnings and also to know the number of years that you have worked.
If as a retiree, you are entitled to get a social security disability income, the government of the United States will use the details regarding the contributions you make towards your social security.
This information is used to determine whether you are qualified to receive social security benefits and also to calculate how much you have contributed.
However, you will be required to provide your social security number in the following scenarios:
- When you need to apply for a federal loan
- When you need to apply for some kinds of public assistance
- When renting a car
- When you enroll in Medicare
- When you need to get a driver’s license and many more
LEARN MORE:
KEYWORDS:
- renting a car
- medicare
- social security number
- federal loan
- nine digits