Answer:
The correct answer is: Independent agency of the U.S. government, and sells insurance to banks.
Explanation:
The FDIC is an entity whose function is to protect the savings and solvency of the American financial system, to ensure that in the future they can continue to provide banking services without any type of inconvenience. Likewise, it is in charge of the implementation of policies that seek to face the results of financial institutions so that they do not fail.
Based on the fact that Jean and Beverly manage different sections of the business, the business organization they operate is a Partnership.
<h3>What business are Jean and Beverly operating?</h3>
Jean and Beverly can be said to be operating the business of a partnership as both of them are in charge of separate parts of the business but work together for the company's success.
<h3>Which other type of business would suit them?</h3>
Another type of business organization that might suit Jean and Beverly is a limited liability company. The main advantage of this is that it puts their personal assets out of danger in case the company fails.
Unfortunately, their accounts will become public record as anyone can access it from the Companies House.
<h3 /><h3>What type of incorporation should they do?</h3>
Jean and Beverly may one day expand to other provinces so they should go for a federal incorporation to avoid the hassle of having to incorporate in every province they expand to.
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Answer:
The formal amendment procedure reflects federalism by taking place at the national level as well as ratification and approval at the state level.
Explanation:
The Constitution makes provision that an amendment may be provided either by the Congress with a two-thirds popular vote in both the House of Representatives and the Senate house or by a constitutional conference which can be proposed by two-thirds of the State legislatures. so the amendment amendment process reflects federalism by taking place at the national stage and ratification at the state point.
