Answer:
The modern Financial System is based on a central bank that controls the monetary base (but not the money supply), and in fractional reserve banking. The implicaton of this, is that banks loan out some of the money that they obtain as deposits, and in this process they create money.
Explanation:
The Financial System is influenced by this process of money creation, because when the money that circulates in the economy (the money supply) changes, interest rates also change.
Interest rates are the price of investment, and the most important indicator that a financial manager has to take into account when making a financing decision.
Financial managers must also take into account the different types of financial institutions that exist, from hedge funds, to commercial banks, to cooperatives, and the different types of securities, from stocks, to bonds, to derivatives and futures.
Answer: False
Explanation:
The qualities described in the question is cyberespionage not cyberterrorism. Cyberterrorism involves making use of internet airspace to issue threats of terror to people in a location.
Recovery, Prosperity, Recession and Depression
Answer: Option(A) is correct.
Explanation:
Earnings before tax = $3.90
Tax rate on dividend payment = 12.5%
Corporate Tax rate = 35%
Shareholder holds = 100,000 shares
Earnings after tax = $3.90 × (1 – 35%)
= $2.535
Valiant Corp retained $1 of after tax earnings for reinvestment,
Therefore,
Value available for dividend payment = $2.535 - $1
= $1.535
After tax dividend received by shareholder for one share = $1.535 × (1 – 12.50%)
= $1.343125
Total dividend received by shareholder = 100,000 × $1.343125
= $134,312.50
A quotation in business is document similar to an invoice in that it contains much the same information. However, it has a different purpose: to provide the customer with a detailed list of the product or service being offered, before the order is confirmed.
