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oksano4ka [1.4K]
3 years ago
14

The United States has a dual banking system in the sense that

Business
1 answer:
slavikrds [6]3 years ago
4 0

Answer:

banks are chartered by the federal government and by state governments

Explanation:

Banks in the US are heavily regulated, specially by federal government entities, but also state regulatory entities.

Federal agencies that regulate banks are: the Federal Reserve System (FED), the Federal Deposit Insurance Corporation (FDIC), Securities and exchange Commission (SEC), the Office of the Comptroller of the Currency (OCC), and the Federal Financial Institutions Examination Council (FFIEC). Credit unions are regulated by the National Credit Union Administration (NCUA).

Banks are also regulated by state agencies (I guess every state has its own regulatory agency) like the California Department of Financial Institutions or the Nevada Division of Financial Institutions.

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Hodor borrowed $1000. The bank charges him 5% interest per year. At the end of year, he paid $50 in interest. There was 2% incre
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Answer:

5%

Explanation:

nominal interest rate = 5%

real interest rate = nominal interest rate -  increase in GDP deflator (inflation rate) = 5% - 2% = 3%

The nominal interest rate is the interest rate earned or charged without considering the effects of inflation. The real interest rate adjusts the nominal interest rate against the year's inflation rate.

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3 years ago
What percentage of new businesses fail in the first year a 75% B 25% C 40% D 60%
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The cost object(s) of the departmental overhead rate method is: Multiple Choice The unit of product. The production departments
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Answer:

The production departments in the first stage and the unit of product in the second stage.

Explanation:

The cost object under the department overhead rate used to allocate the cost based on the cost drivers.

In this departmental overhead rate method, first the overhead is allocated in the first department after that in the second stage the unit of product is done

so that the proper sequencing could be done and actual value could come

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3 years ago
What do firms stand to gain by increasing their market power
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Answer:

Increase in profit.

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A country with a relatively low level of real GDP per person is considering adopting two policies to promote economic growth.The
IceJOKER [234]

Answer:

The correct answer is the letter d. Neither the first nor the second.

Explanation:

GDP (gross domestic product) growth is influenced by various factors, consumption, investment, technology, external sector, etc. The policy of restricting foreign trade by placing barriers to trade has reduced GDP as it burdens one of the drivers of economic growth, for example by reducing exports to the rest of the world and thus GDP. Similarly, restricting foreign portfolio investment contributes to non-GDP growth, as foreign investments play an important role in increasing companies' capitalization, helping them to make more investments. Therefore, both economic policies are wrong.

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