The correct answers are A) helped to reduce loans to private banks and C) created a new type of paper currency.
The Federal Reserve Act helped to reduce loans to private banks and created a new type of paper currency.
With the passing of the Federal Reserve Act of December 23, 1919, signed by President Woodrow Wilson, the government initiated with the Federal Reserve system that acted as the Central Bank of the United States. It had twelve regional banks that supplied all the money for the country. Its headquarters are located in Washington D.C., and the commonly known as the Fed supervises the financial and economic situation in the country, the monetary supply, and tries to control inflation.
Fafsa is the student financial aid program, so Vernon would not be able to obtain financial aid for college:( poor vernon
Answer:
Quoted price of bond = $1825.05
Explanation:
The quoted price or price of the bond can be calculated by taking adding the present value of the annuity payments in form of interest made by the bond and the present value of the face value of the bond. The formula for the price of bond is attached.
The interest is payed semi annually, thus the semi annual coupon payment (C) is,
C = 2000 * 5.87% * 6/12 = 58.7
The semi annual YTM is = 6.9%/2 = 3.45%
Total semi annual periods are = 13 * 2 = 26
Bond Price = 58.7 * [(1 - (1+0.0345)^-26) / 0.0345] + 2000 / (1+0.0345)^26
Bond Price = $1825.051207 rounded off to $1825.05
Answer:
Explanation:
The computation is shown below:
(A) (B) (A - B)
Current Year Prior Year Dollar change
Short-term investments $380,834 $240,061 $140,773
Accounts receivable $103,020 $106,337 -$3,317
Notes payable $0 $94,802 -$94,802
Now the percentage change would be
= (A - B) ÷ (B) × 100
For Short-term investments = 58.64%
For Accounts receivable = - 3.12%
For Notes payable = - 100%
Answer:
The overhead applied to each unit of W2 under Activity-Based Costing is closest to $518.81
Explanation:
Find detailed computation in the attached.
