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salantis [7]
3 years ago
9

Which of the following were provisions of the Monetary Control Act of 1980? Check all that apply.

Business
1 answer:
egoroff_w [7]3 years ago
7 0

Answer:

The correct answers are letters "B" and "C": The act allowed the Federal Reserve to set uniform reserve requirements for all commercial banks; and,  the act allowed commercial banks to pay unrestricted interest rates on checking accounts.

Explanation:

The Monetary Control Act (<em>MAC</em>) passed in 1980 is considered to be the first set of rules established in the banking industry after the Great Depression (1929). It mainly forced all the banks to remain under the rules of the Federal Reserve. Besides, it provided banks the autonomy to choose the interest rate on accounts under their own discretion.

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3 years ago
Suppose that the real exchange rate between the United States and Kenya is defined in terms of baskets of goods. Which of the fo
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Answer:

E. I, II and III.

Explanation:

Real exchange rate measure the price of foreign goods in comparison to the price of domestic goods. Basically, it can be used to compare the relative value of two baskets of goods in different countries; in this case, it is between Kenya and United States. If it becomes cheaper to buy Kenyan goods than in the U.S , the buyer will have get more for their buck. This means that the value of Kenya shillings has decreased relative to USD. The price of the same basket will be higher in the U.S and lower in Kenya ,making all choices correct.

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3 years ago
Amanda green has invested in a real estate trust that will get income from mortgage interest, loan origination fees and buying a
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A real estate trust that will get income from mortgage interest, loan origination fees and buying and selling mortgages is Real Estate Mortgage Trust (REMT) trust.

What is a mortgage?

  • A mortgage is a legal instrument of the common law which is used to create a security interest in real property held by a lender as a security for a debt, usually a mortgage loan.
  • Hypothec is the corresponding term in civil law jurisdictions, albeit with a wider sense, as it also covers non-possessory lien.
  • A mortgage in itself is not a debt, it is the lender's security for a debt.
  • It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed.
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2 years ago
How does risk response impact change control management and vulnerability management?
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3 years ago
Bustillo Inc. is working on its cash budget for March. The budgeted. 3 Bustillo Inc. ts working on ts cash budget for March. The
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Answer:

The firm needs to borrow $15500 to attain the desired ending balance for cash. So, option b is the correct answer.

Explanation:

The desired cash balance is the cash balance at the end of the period that is required by a firm. The amount in excess or deficit of the desired balance can be calculated by calculating the end cash balance and subtracting the desired cash balance from it.

The ending cash balance for the period can be calculated as follows,

Ending cash balance = Opening balance + Receipts - Disbursements

Ending cash balance = 40000 + 121000 - 115000 = $46000

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Thus, the firm needs to borrow $15500 to attain the desired ending balance for cash.

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4 years ago
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