Answer:
The Gramm-Bliley-Leach Act gives the Rosserdam Bank the liberty to perform those activities
Explanation:
The Financial Services Modernization Act of 1999 as Gramm-Bliley-Leach Act is popularly known, came into effect to override some sections of Glass–Steagall Act of 1933 which earlier prohibited insurance companies,commercial banks and investment banks from acting as one-stop shop for investment,insurance and commercial banking activities.
With new act taking its effect,a commercial bank customer does not have to go next door to get his or her investment and insurance needs satisfied as his or her commercial banker effectively serves as investment banker and insurance broker.
Answer:
adverse selection, differentiated those with high risk and low risk
Explanation:
Adverse selection refers to the selection in which an individual gained the insurance at a cost but it is below the level of risk. In other words we can say that the applicant pay the lower amount of premium in case of higher premium charged by the company as the company is not aware of the fact
In the given case, the problem of adverse selection is there that unable to differentiate between a high level of risk and lower level of risk
Answer: b. $20,150 decrease
Explanation:
First we would need to calculate the Dividend per share.
We will get that by taking 65% of the Par Value of the Stock.
= 0.01 * 0.65
= $0.0065 is the dividend per share
Multiplying by the total amount of shares outstanding we have,
= 3,100,000 x 0.0065
= $20,150
Seeing as this figure would come from the Retained earnings, we can say that Retained Earnings will reduce by $20,150.
Answer:
Observation
Explanation:
Empirical studies is observational evidence-based analysis. It refers to a way of obtaining insight through directly and indirectly evaluation or practice. Empiricism views more than most types of work. It is possible to mathematically or subjectively evaluate empirical proof.
Research design in such studies varies depending on the area and the problem being examined. Several scientists combine theoretical and practical types of study to adequately respond to comments that can not be examined in laboratory conditions, especially in humanities and learning.
Thus, from the above we can conclude that the correct option is C.