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3 years ago

When and under which Act citizen investment trust was established ?

Business

2 answers:

Verizon [17]3 years ago

5 0

Answer:

18th March, 1991

Explanation:

Hope this helps~! :)

nirvana33 [79]3 years ago

3 0

18th March, 1991

Citizen Investment Trust (Nagarik Lagani Kosh), a statutory institute under Citizen Investment Trust Act, 2047, has ownership of Nepal Government as a public financial organization. It was established on 18th March, 1991(4th Chaitra, 2047B. S) as an autonomous body.

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Which of these terms means "limited resource"?

Tpy6a [65]

The correct answer among the choices listed is the second option. Scarcity is the term that would mean "limited resource". It is the state of having shortage or small amount of supply with a high value of demand. Hope this helps.

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4 years ago

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In the state where Susan lives, drivers whom private insurance companies do not want to insure are placed in a common pool, and

deff fn [24]

Answer: Joint Underwriting Association

Explanation: An association which affords licensed drivers the opportunity to come together and provide coverage or compensation for vehicle owners or insurers is the Joint Underwriting Association. Members of the association are usually composed of drivers who have been unable to obtain insurance the regular or private insurance companies usually due to the risk exposure level of the driver's or car owners. The joint Underwriting Association requires that members pay shares fees and share of pool losses. However, they are usually more affordable than the standard insurance coverage offered by most private insurance companies and thus provides an insurance lifeline to high risk drivers.

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3 years ago

Del Gato Clinic deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the clo

Sergeeva-Olga [200]

Answer:

Explanation:

Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.

There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.

The journal entries are shown below:

a. No journal entry required

b. Miscellaneous expense A/c Dr $16

To Cash A/c $16

(Being service charges is paid)

c. Cash A/c Dr $9 ($476 - $467)

To Utilities expense A/c $9

(Being correction is recorded)

d. No journal entry required

The preparation of the bank reconciliation statement is presented in the spreadsheet. Kindly find the attachment below:

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4 years ago

A 30-year maturity bond making annual coupon payments with a coupon rate of 8.5% has duration of 12.88 years and convexity of 23

marin [14]

Answer:

a. Predicted Price = $1815.52

b. Predicted Price = $1,834.64

c. Predicted Price = $1425.4

Explanation:

The actual price of the bond as a function of yield to maturity is:

Yield to maturity --- Price

7% $1,620.45

8% $1,450.31

9% $1,308.21

Using the Duration Rule, assuming yield to maturity falls to 6%:

Predicted price change = (-D/(1 + y)) * ∆y * Po

Where D = Duration = 12.88 years

y = YTM = 7%

∆y = 6% - 7% = -1%

Po = $1,620.45

So, Predicted Change = (-12.88/(1 + 0.07)) * -0.01 * 1,620.45

Predicted Change = 195.0597757009345

Predicted Change = $195.06 ----- Approximated

Therefore the new Predicted Price

= $1,620.46 + $195.06

= $1815.52

Using Duration-with-Convexity Rule, assuming yield to maturity falls to 6%

Predicted price change

= [(-12.88/(1 + 0.07)) * (-0.01) + (½ * 235.95 * (-0.01²))] * 1,620.45

= 214.1770345759345

= $214.18 ------ Approximated

Therefore the new Predicted Price

= $1,620.46 + $214.18

= $1,834.64

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Predicted price change = (-D/(1 + y)) * ∆y * Po

Where D = Duration = 12.88 years

y = YTM = 7%

∆y = 8% - 7% = 1%

Po = $1,620.45

So, Predicted Change = (-12.88/(1 + 0.07)) * 0.01 * 1,620.45

Predicted Change = -195.0597757009345

Predicted Change = -$195.06 ----- Approximated

Therefore the new Predicted Price

= $1,620.46 - $195.06

= $1425.4

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3 years ago

Anna is choosing a bank and a checking account. She would be well-advised to consider her personal needs and values in the analy

zubka84 [21]

It is TRUE that Anna would be well-advised to consider her personal needs and values in the analysis, not only the bank’s features when she’s choosing a bank and a checking account.

Opening a checking account might seem like a simple task. You just walk into a bank near your home or office, fill out an application, hand over a deposit and you're all set, right?

Not quite.

<span>While it is often that easy to open an account, it's not always that easy to choose a checking account. That's because banks, credit unions and other financial companies offer a wide range of checking accounts with different features and fees. Unless your banking needs are unusually basic, you should do some research and shop around for an account that's right for you.</span>

I am hoping that this answer has satisfied your query and it will be able to help you in your endeavor, and if you would like, feel free to ask another question.

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3 years ago

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