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vovangra [49]
3 years ago
6

The McFadden Act of 1927:_________. a. required that banks maintain bank capital equal to at least 6 percent of their assets. b.

effectively required that banks maintain a correspondent relationship with large money center banks. c. effectively prohibited banks from branching across state lines. d. did all of the answers.
Business
1 answer:
Rina8888 [55]3 years ago
7 0

Answer:

Option C is correct.

Explanation:

The McFadden Act which was passed by Congress in 1927 refers to a Federal legislation which ensured that authority was given to individual states to govern the bank branches that were located within the state.

The legislation also included national bank branches that were located within state lines.

This act was passed with the intention of allowing the national banks to compete with state banks by allowing them to open bank branches within state limitations.

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Nancy just graduated with her B.A. in marketing. Her long-term goal is to run a social media department for a large company. She
den301095 [7]

Answer:

b. Yes, because she will build social media skills.

Explanation:

In this scenario Nancy's long term goal is to manage a social media department of a large company. She now hot an internship as a social media assistant in a small company.

The internship that she is undertaking bin the short run is relevant to the her long term career goal of managing a social media department in a large firm.

So this is a stepping stone in achieving her long term goal.

In the future when a social media opening comes up she will have the relevant experience to perform in this role.

3 0
3 years ago
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Suppose Turkey has exports of 2 billion Turkish​ Lira, while its imports are 2 billion Turkish Lira. Calculate​ Turkey's "Index
Damm [24]

Answer:

40%

Explanation:

The index of openness measures how much a country is exposed to international trade. It is calculated by this formula:

Index of Openness= (Exports(X)+Imports (M))/GDP

Index of Openness= (2 billion+2 billion )/10 billion

Index of Openness= 0,4*100=40%

5 0
3 years ago
Activity-Based Product Costing
nikklg [1K]

no matteehow much times i read this is still cant process this

5 0
2 years ago
Acme Home Builders, Inc., has build 24 houses so far this year at a total cost to the company of $4.80 million. If the company b
Dmitry_Shevchenko [17]

Answer:

25th house's Marginal cost is $250,000.

Explanation:

Given:

Total cost of 24 houses = $4,800,000

Total cost of 25 houses = $5,050,000

Marginal cost = ?

Computation of marginal cost:

Marginal cost = Change in total cost

Marginal cost = Total cost of 25 houses - Total cost of 24 houses

Marginal cost = $5,050,000 - $4,800,000

Marginal cost = $250,000

So, we say that 25th house's marginal cost will be $250,000 .

5 0
3 years ago
Legal Forces Legal forces are important external forces that international managers need to understand. They are developed at th
torisob [31]

Answer:

1. per se application

U.S. Competition Law

This law checks whether certain parts of a contract or agreement have violated US antitrust laws.

2. Misuse of activity

EU Competition Law

This is part of the European Union's competition law that prohibits the use of activity to try to gain unfair advantges.

3. Extraterritoriality

US and EU

This is a provision in both US and EU anti-competition and anti-trust laws that states that the activities of foreign companies fall under the law if these activities influence the people within the jurisdiction of the US or the EU.

4. Trade obstacle, nontariff

France

These are a part of the French system.

5. Strict liability

U.S. Tort Law

A concept in US Tort law that states that a person is liable for an offence they committed and their state of mind or intent when they committed said offence is irrelevant.

6. Punitive damages

U.S. Product Liability Law

A concept in the US that allows for the extra punishment of the party in the wrong to dissuade others from doing so and to reward the party in the right more justly.

4 0
3 years ago
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