Answer: The correct answer is "universal".
Explanation: In a <u>universal</u> banking system, commercial banks engage in securities underwriting, but separate subsidiaries conduct the different activities. Also, banking and insurance are not typically undertaken together in this system.
It is the most common type of banking system and is the most commonly used.
John Kenneth Galbraith is an economist, most widely read economists and is considered to be the most well known economist. In the past, he had said that all societies had an economy of scarcity. In the present, the united states had acquired what Galbraith said, calling an economy of abundance.
Answer:
$4,136.77
Explanation:
In this question, we use the present value formula which is shown in the attachment below:
Given that,
Future value = $10,000
Rate of interest = 4.7% ÷ 2 = 2.35
NPER = 19 years × 2 = 38 years
PMT = $0
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
After solving this, the price of the bond is $4,136.77
Answer:
detailed information from owners and the applying company
Explanation:
Banks require detailed information from the loan applicant and their company. The information is useful in assessing the applicant's eligibility for a loan. When issuing loans, a bank is concerned about the borrower's ability to repay. For this reason, the need will require the applicant to state the loan's purposes, how they intend to repay, income tax information, and the collateral to be provided.
The applicant has to give detailed information to convince the bank that they should get the loan.
Answer:
Increased consumption leads to an increase in the production of goods, which in turn puts stress on the environment. Globalization causes rise in the amount of fuel that is consumed in transporting these products has led to an increase in the pollution levels in the environment.
Seventy percent of Chinese households burn coal or biomass for cooking and heating, which contaminates indoor air. Adverse effects of combustion-related air pollution include reduced fetal and child growth, pulmonary disease including asthma, developmental impairment, and increased risk of cancer.
Coal is the leading culprit of air pollution in China. 75% of the premature deaths are caused by the 152 coal-fired power plants in Hebei Province. Air pollution will remain a serious problem in China as long as coal continues to be the country's major energy source.
Explanation:
