Answer: Loss of $950
Explanation:
You bought the contract at $2.29 per bushel.
The corn contract at the time was actually $2.10.
You bought the futures contract for more than the spot price for the same time period so this is a loss.
Loss = Loss per unit * number of units
= (2.29 - 2.10) * 5,000
= 0.19 * 5,000
= $950
<span>Country is characterized by tightly knit social groups and it places importance on belonging to organizations, families, and other groups, it has collectivism.
</span>In cultures in which collectivism predominates, group decisions are valued and accepted.
<span>In individualism on the other hand, the primary concern is for themselves and their families.</span>
Answer: PMI will automatically be dropped when the balance reaches $117,000.
Explanation: PMI stands for private mortgage insurance. This is an insurance policy that banks often require lenders to have when they do not have a 20% down payment on a new home.
PMI is automatically dropped with the amount of the mortgage due is reduced to 78% of the original appraised value of the home. In this case, the home was originally purchased for $150,000. 78% x 150,000 = $117,000. When the loan reaches $117,000 the pmi will automatically be dropped.
Answer:
Fiscal policy is the adjustment of tax rate and government spending that is used to handle current economic situation.
There are several of criticism that usually found on fiscal policies.
- Time Lags.
The effect of fiscal policies could only be felt years after the policies are made. Often times, this goes unnoticed by the citizens of the country, making it look like that the government took no action to handle their economic issues.
- Strengthening foreign influence
One of the things that the government can do to reduce the inflation is by selling government bonds to the public. These bonds can be bought by companies from another countries. This will strengthen that country's influence over US economy.
- It could create a budget deficit for the next government officials.
Government in United States were reshuffled between 2-4 years. While the effect of fiscal policies could need more than 10 years before it actually can be felt. Sometimes, fiscal policies taken by previous government could create a deficit that had to be handled by the next government after the election.
SEC reviews the information and have the authority of regulatory disclosure for the ADV.
<h3>What is SEC and how it works?</h3>
SEC is a Securities and Exchange Commission in United States who regulates the nation's securities industries.
The basic functions of the SEC is to protect the investors, capital formation and maintain the fairness in the market.
SEC is the governing body which has the authority in the case of ADV form.
Learn more about the ADV form here:-
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