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elena-14-01-66 [18.8K]
3 years ago
8

The Federal Financial Institutions Examination Council (FFIEC) promotes uniform practices among the federal financial institutio

ns. Its purpose is to: 1) establish principles and standards for the examination of federal financial institutions; 2) develop a uniform reporting system for federal financial institutions; 3) conduct training for federal bank examiners; 4) make recommendations regarding bank supervision matters, and 5) encourage the adoption of uniform principles and standards by federal and state banks.
Business
1 answer:
rosijanka [135]3 years ago
8 0

Answer:

The correct option is 1

Explanation:

The Federal Financial Institutions Examination Council (FFIEC) is a formal U.S. government interagency body composed of five banking regulators that is empowered to prescribe uniform principles, standards, and report forms to promote uniformity in the supervision of financial institutions.

FFIEC was established in March 10, 1979, pursuant to title X of the Financial Institutions Regulatory and Interest Rate Control Act of 1978 (FIRA).

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Imagine you take a shopping trip to a flea market, and you are looking for an old record player. You know the typical antique re
Sergeu [11.5K]

The best explanation of how the principle of demand and supply has affected the price of the record player is:

  • Because there are several vending booths in the same area selling the same item, there would be a reduction in price to attract more customers.

<h3>What is Demand?</h3>

This refers to the quantity of goods which are requested by consumers at a particular time period which has an effect in the price of the good.

With this in mind, the principle of demand and supply was in effect as in the flea market, there was a reduction in price of an old record player because there was a lot of the goods in a location.

Read more about demand and supply here:
brainly.com/question/4804206

8 0
2 years ago
Currently, Mucho Dinero is organized into specialized departments such as marketing, finance, production and personnel. These de
GrogVix [38]

Answer:

Functional

Explanation:

Functional groups are formed when people with specialised skills are chosen to work together to achieve a goal. Due to similarity in profession team is cohesive and work harmoniously to meet business targets.

Communication is usually done within the department, when another department head needs information he contacts the department head of the unit to get it.

Each employee reports to one manager, so chain of command is simplified.

5 0
3 years ago
&gt;Leland pays premiums of $5,000 for an insurance policy in the face amount of $25,000 upon the life of Caleb and subsequently
Ymorist [56]

Answer:

He can include $16,000 in his gross income.

Explanation:

As the life insurance policy was transferred for some valuable consideration so the amount of valuable consideration will be deducted from the insurance proceeds.

Also premium paid by the transferee will be deducted from proceeds.

Now as the transferee received $25,000 from insuarance company.

So Tylor can include $25,000 less $7,500 less $1,500 in his gross income.

He can include $16,000 in his gross income.

6 0
3 years ago
The right to sell a good or service within an exclusive market is a _____.
dem82 [27]

Answer:

franchise

Explanation:

The right to sell a good or service within an exclusive market is a _____.

 

franchise

 

market power

 

license

 

patent

3 0
3 years ago
xcel how many months can a life insurance policy normally be backdated from the date of the application
belka [17]

6 Months can be a life insurance policy normally be backdated from the date of the application.

For Example:- Suppose, he/she purchased a policy with maturity duration of 20 years in March 2022 and backdated it to October 2021, the maturity benefits of the endowment policy can be reaped a year before in October 2041 than the initial date in March 2042.

#SPJ4

4 0
1 year ago
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