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Lesechka [4]
3 years ago
10

In a​ ________ banking​ system, commercial banks engage in securities​ underwriting, but separate subsidiaries conduct the diffe

rent activities.​ Also, banking and insurance are not typically undertaken together in this system.
Business
1 answer:
vfiekz [6]3 years ago
8 0

Answer: The correct answer is "universal".

Explanation: In a <u>universal</u> banking​ system, commercial banks engage in securities​ underwriting, but separate subsidiaries conduct the different activities.​ Also, banking and insurance are not typically undertaken together in this system.

It is the most common type of banking system and is the most commonly used.

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An insurance policy written after 1988 that fails to pass the seven-pay test is known as
Zigmanuir [339]
The answer to this question is a modified endowment contract. A modified endowment contract or MEC is a type of life insurance policy where in the policy/ insurance is being funded with more money or the insurance premium payment exceeds the amount allowed under the federal law. The modified endowment contracts are taxable.
3 0
3 years ago
If purchasing power parity​ holds, the price level in Turkey is​ 210, and the nominal exchange rate​ (E) = 0.84 Turkish lira ​=
g100num [7]

Answer:

c. 250

Explanation:

Since; Turkish lira ​= 1 Brazilian​ real

and exchange rate​ (E) = 0.84

Considering that Brazil is the home country

The price level in Turkey = 210

∴ Brazil price level = 210 / 0.84 = 250 real

7 0
3 years ago
New issues of municipal short term notes are available in which form?
igomit [66]

Answer: book entry

Explanation:

A municipal bond, which is commonly referred to as a muni bond, can be defined as a bond that is issued by a particular territory or local government in order to finance public projects like airports, schools, roads, museums, seaports, and infrastructure. It should be noted that new issues of municipal short term notes are available in book entry form.

7 0
3 years ago
A consumer's goal in buying a good or service is to get the most out of his or her income, or to maximize total utility. This is
marissa [1.9K]
I'm thinking B. But I'm not sure
4 0
3 years ago
Read 2 more answers
The demand for labor curve shows:a. an inverse relationship between the real wage and the amount of laborhired.b. a positive rel
ankoles [38]

Answer:

The correct answer here is d.

Explanation:

Real wage is the nominal wages adjusted for price changes. It reflects the purchasing power earned by the workers.

There will be a direct and positive relationship between real wages and number of workers who are willing to work. This means when there is an increase in the real wages, more workers will be willing to work because they will be earning more. Reverse will be the situation in case of reduced real wages.

4 0
2 years ago
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