The Federal reserve regulates the banking system. The American government's central bank and monetary authority is known as the Federal Reserve System.
- A secure, adaptable, and stable monetary and financial system is provided by the Fed for the nation.
- The 12 regional Federal Reserve Banks that make up the Federal Reserve System are each in charge of a particular part of the country.
- Conducting national monetary policy, overseeing and regulating banks, preserving financial stability, and offering banking services are among the Fed's primary responsibilities.
- The Fed manages the nation's money supply through the Federal Open Market Committee, which also sets monetary policy.
- The Federal Reserve System's primary regulator of banks that are members is the Fed, which has broad authority to take action to promote financial stability.
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Answer:
$15,730
Explanation:
<em>under absorption costing overheads are charged to product units using an overhead absorption rate. </em>
The overhead absorption rate is determined using the formula below:
<em>Overhead absorption rate is = Budgeted Overheads / budgeted Labour hours</em>
Factory overhead Absorption rate (OAR)= $118,800/10,800
= $11 per hour
Amount of 0verhead to charge Number number 117
= 11 × 1,430
= $15,730
Answer:
Multipoint competition
Explanation:
Multipoint competition can be regarded as term used in describing a
process whereby there is engagement of a firm simultaneously in competitive interactions in a markets or across multiple products, resulting to competitive actions in a particular market leading to responses in a different/ multiple markets. Multipoint competition can also be explained as situation that exist when a firm is facing the same rival in different market. It should be noted that Multipoint competition is the term that describes when two or more enterprises encounter each other in different regional markets, national markets, or industries.
Because the government is out of money so they decide to take it from others
Answer:
R=An*i : [1-(1+i)^-n]
R=580,000*0.0525/12 : [1-(1+0.0525/12)^-360]
R=3,202.78
Monthly payments =$ 3,202.78
Explanation:
Given
Home Cost=725,000
downpayment= 20% of 725,000
An=725,000 - 0.2 *725,000
An= 580,000
t=30 yrs
n=12 (monthly)
j=5.25% (interest rate)
--> i=j/m
i=0.0525/12
-->n=m*t
n=12*30
n=360
FInd monthly pmts ( R) =?
R=An*i : [1-(1+i)^-n]
R=580,000*0.0525/12 : [1-(1+0.0525/12)^-360]
R=3,202.78
