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Dvinal [7]
3 years ago
13

complete the statement with the correct words the blank was established in 2010 as a result of the dud Frank Act​

Business
1 answer:
s344n2d4d5 [400]3 years ago
7 0

Answer: Consumer Financial Protection Bureau

Explanation:

The <em>Consumer Financial Protection Bureau (CFPB)</em> was established in 2010 as a result of the <em>Dodd-Frank Wall Street Reform and Consumer Protection Act </em>which was passed by congress in a bid to make changes to the nation's financial systems and correct factors that may contribute to another crises like the Great Recession of 2008.

The CFPB's role is to protect the interest of customers in the financial services sector and as a result all financial services providers in the United States fall under its jurisdiction including banks, securities firms and credit unions.

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"Which statements are TRUE about IO tranches? I When interest rates rise, the price of the tranche falls II When interest rates
horrorfan [7]

The available options are:

A. I and III

B. I and IV

C. II and III

D. II and IV

Answer:

C. II and III

Explanation:

IO tranche which is an acronym for Interest Only tranche is defined as a form of tranche which earns interest only from a secured loan which is derived from Principal Only tranche.

However, Interest Only tranche is quite different from a typical bond, simply because when market interest rate increases the rate of prepayment decreases, which in turn makes the rate of maturity to be longer. Thereby when interest rates increase, prices increase, and vice versa.

Hence the true statements are:

II When interest rates rise, the price of the tranche rises

III When interest rates fall, the price of the tranche falls

5 0
3 years ago
If the maximum operating capacity of the Gobblecakes bakery is 12,000 cupcakes annu- ally, determine the break-even volume as a
bixtya [17]

Answer:

(a) 65.22%

(b) $28,800; $38,400; $9,600

Explanation:

Total cost:

= variable cost + fixed cost

= (12,000 × 0.90) + 18,000

= 28,800

Total Revenue:

= quantity of cupcakes sold × selling price of each cupcake

= 12,000 × 3.2

= 38,400

Profit:

= Total revenue - Total cost

= 38,400 - 28,800

= 9,600

Break even sales:

= Fixed cost ÷ contribution margin

= 18,000 ÷ (3.2 - 0.90)

= 7,826.087

Break even volume in capacity:

= Break even sales ÷ Cupcakes produced

= 7,826.087 ÷ 12,000

= 65.22%

8 0
3 years ago
Bus Corp wants to introduce a new procedure to improve how customer requests are handled. This change will require employees to
Anna [14]

Answer:

Answer is Option E i.e. Employee Involvement.

Explanation:

Employee involvement can be understood as participation of employees in the important decision-making process to meet the desired objective of the organization. This process creates a sense of ownership among employees and thus, they would openly accept any change that might take place within the organization.

7 0
3 years ago
An insured pays her Major Medical Insurance premium annually on March 1. Last March she forgot to mail her premium to the compan
zysi [14]

Answer:

Pay the claim and the accident occurred during the grace period

Explanation:

Grace period is the period or the set length of the time after the due date during that the payment is to be made without any penalty by the insurer or the person.

The grace period mostly is of 15 days and it is usually involves in the insurance contact and the mortgage loan.

So, in this case, the insurer forget to pay the premium but on march 19, she met with an accident and broke her leg, then the insurance company will be paying the claim as the accident happened during the grace period.

3 0
3 years ago
The company barkbuddy decided to pursue a unique product that would allow customers to more easily find a dog to adopt. customer
AlexFokin [52]
From this description, Barkbuddy has decided its mission. Barkbuddy has decided their mission. A mission is what a company decides to focus on and their reason/purpose for existing. Barkbuddy hopes to link those who want to adopt with their forever furry friend to bring home. By setting a mission statement, Barkbuddy is more likely to stay focused on their goal and why they are in operation.
7 0
3 years ago
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