Answer:
Record all transactions in a check register.
Explanation:
It's easier to track how money is spent if there is a paper trail.
Answer: Joint by the FED and by the behavior of individuals who hold money and of banks which money is held.
Explanation: The Federal Reserve System, often referred as the Federal reserve or simply "the fed", is the central bank of the united states. It was created by the congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The FED was created on December 23, 1913, when president Woodrow Wilson signed the FEDERAL RESERVE ACT into law. The Fed and the behavior of individuals not only define how much money are available, they can also define macroeconomic indicators like inflation.
Taxation decreases the income earned by a firm by 28% it means this affects the business negatively and when taxation is paid it positively improve the economic growth
Answer:
C
Explanation:
In this question, we are looking at what would be the later effect of the Congress taking steps to make sure that there is an increase in the amount of returns on savings for example, say the amount of interest rate on saved money is increased.
What will happen in this case is that the equilibrium interest rate would be lower while the equilibrium quantity of loanable funds will be higher. What he meant by the equilibrium interest rate is that it is the interest rate at which the amount of money demanded is equal to the amount of money supplied.
Due to the legislation by congress, it is expected that more money would be supplied in terms of bank deposits as people would want to make a higher profit off the legislation. The effect of this is that the equilibrium interest rate will be lower as its balance would have been upset my the availability of more deposits and less demand.
We also say that the equilibrium level of loanable funds will be higher. This is because there would be more money present in the vaults of the bank as savings have been encouraged and people are expected to fill the bank with more money. This thus means the bank has more money to throw around via loans as there is an increase in the amount of savings. This surely would drive up the equilibrium quantity of loanable funds
Answer:
b. Place the company on a restricted list and give only factual information about the company.
Explanation:
There is an ethical problem in the scenario that borders on professional code of conducts in the area of objectivity and independence.
It was stated in the scenario that ''the head of the investment banking department has asked the head of the brokerage unit <u>to change the recommendation from "sell" to "buy."</u>
This is a case of wanting to interfere with the <u>objectivity</u> of the recommendations which should be based on <u>facts not bias</u>.
Secondly, the head of investment banking is trying to interfere with the <u>independence</u> of the head of brokerage unit.
According to the Standards, the head of the brokerage unit would be permitted to place the company on a restricted list and <u>give only factual information</u> about the company.
