Investment banks help companies to purchase, sell and make investments using bonds while commercial banks are concerned on managing deposits on both savings and checking account.
Investment banks aid companies on bringing their investments on public offers; commercial banks are focused on providing security for the clienteles money.
Investment banks have some degree of freedom in choosing their own strategies while commercial banks have more risks because they are open to public transactions.
Answer: True
Explanation:
The valuation of marketable securities on the balance sheet requires the securities on the balance sheet requires the separation of investment securities into three categories.
The categories are held to maturity which are the securities that are bought and then kept until they mature; the trading securities and then the securities that are available for sale.
Answer:
The answer is: $2,700
Explanation:
The house sold for $180,000 (= 90% x $200,000).
The total commission was $9,000 (= $180,000 x 5%), split in half between listing office and selling office.
The selling broker received his $4,500 commission, and then h paid his selling associate 60% of it.
The selling associate received a $2,700 commission (= 60% x $4,500)
Answer:
<h2>The correct answer here would be option a. given in the answer choices or earn a positive economic profit if price is greater than ATC(Average Total Cost).</h2>
Explanation:
- Monopolistically competitive market is a particular type of market structure characterized by multiple number of firms producing and selling various differentiated products in the market.
- Monopolistically competitive firms usually have higher pricing and market power than a perfectly competitive market structure but less than the purely monopolistic market structure with only one seller.
- Since,the monopolistically competitive firms have limited market and pricing power as they sell differentiated products or services,they can evidently charge or set a price for their products or services greater than the Average Total Cost or ATC and earn positive economic profit in the market.
- However,due to presence of partial market competition or rivalry, any economic profit earned by the firms in the short run would attract more number of firms to enter the market in the long run until the chance of probability of earning any further economic profit is completely diminished.
