Last-resort lending is no longer needed because the presence of the CDIC eliminates the possibility of bank
Question:
“Last-resort lending is no longer needed because the presence of the CDIC eliminates the possibility of bank panics.” Discuss.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
This statement is incorrect The CDIC ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
The Economics of Money Banking and Financial Markets
ISBN: 978-0321785701
5th Canadian edition
Authors: Frederic S. Mishkin, Apostolos Serletis
Question Posted:
Students also viewed these Business questions
-
"Discount loans are no longer needed because the presence of the FDIC eliminates the possibility of bank panics." Is this statement true, false, or uncertain?
-
Refer to the information in Exercise 13.23. The following cost reduction suggestions were made by the kaizen costing team. Direct materials (variable) ...............$ 45 Direct labor (variable)...
-
In most firms, the entire issue of compensation falls into the domain of the human resources manager. The manager must ensure that the method used to determine compensations contributes to the firm's...
-
Ashby and Curtis, married professionals, have a 2-year-old son, Jason. Curtis works full-time as an electrical engineer, but Ashby has not worked outside the home since Jason was born. As Jason is...
-
When a charged particle enters a region of uniform magnetic field, it follows a circular path, as indicated in FIGURE 22-44. (a) Is this particle positively or negatively charged? Explain. (b)...
-
Sangreen Companys checkbook lists the following: The May bank statement shows: Requirement 1. Prepare Sangreens bank reconciliation at May 31, 2019. Check Balance Date Check No. Item Deposit $ 505...
-
A petrol engine with a stroke length of \(200 \mathrm{~mm}\) and diameter of \(150 \mathrm{~mm}\) has a clearance volume of \(5 \times 10^{3} \mathrm{~mm}^{3}\). The indicated thermal efficiency of...
-
Think about the pricing methods described in this chaptermarkup pricing, target-return pricing, perceived value pricing, value pricing, going-rate pricing, and auction-type pricing. As a consumer,...
-
Discuss the elements of effective teamwork presented by each: In what ways are they alike? In what ways are they different? Discuss whether a high performing team requires a team leader. Why or why...
-
You are employed by McDowell and Partners, Chartered Accountants (M&P). A new client, Community Finance Corporation (CFC), approached M&P for assistance. Enviro Ltd. (Enviro) has asked CFC for a loan...
-
Discuss how the operating band affects interest rates and the money supply in the economy.
-
The benefits of using last-resort lending to prevent bank panics are straightforward. What are the costs?
-
Find the limit. Use 1Hospitals Rule where appropriate. If there is a more elementary method, consider using it. If 1'Hospitals Rule doesnt apply, explain why. In/x lim X-
-
Rank and Ratings When designing a performance management program, your team begins to discuss the pros and cons of having a talent review calibration process (identifying top performers/creating...
-
The PARCA test provides some criteria to evaluate when considering the usefulness or appropriateness of a resource for your research. What are the components of PARCA?
-
When customers arrive, they check in with the receptionist , which takes 3 minutes . They then go to the shampoo area, which is staffed with one person and takes 15 minutes . One stylist then takes...
-
Keith Corporation Balance Sheets December 31 Assets 2019 2018 Cash $1,500 $1,040 Marketable securities 1,820 1,170 Accounts receivable 1,950 1,830 Inventories 2,940 2,800 Total current assets $8,210...
-
When establishing the product element of the marketing mix, a company must decide its product mix, product line, and its breadth and depth. Pick a Hospital or any health services facility you are...
-
What are the four primary steps to creating a PPC advertising campaign on search engines?
-
Feller Company purchased a site for a limestone quarry for $100,000 on January 2, 2019. It estimate that the quarry will yield 400,000 tons of limestone. It estimates that its retirement obligation...
-
Describe two similarities and two differences between the United States' experiences during the Great Depression and the financial crisis of 2007-2009.
-
Describe two similarities and two differences between the United States' experiences during the Great Depression and the financial crisis of 2007-2009.
-
What do you think prevented the financial crisis of 2007-2009 from becoming a depression?
-
Johnny's Lawn Service camed $200,000 of service revenues for 2020. $190,000 was collected in cash and $10,000 remains in Accounts Receivable as of 12/31/20. S155,000 of expense was incurred during...
-
Company BW has $500,000 loan outstanding. The annual loan interest rate is 6% with monthly compounding (meaning BW is making monthly payments). Find the annual after-tax cost of debt for the loan.
-
The hierarchical system of classification is intended to be a map of evolution. Explain this statement. What is implied about species that occur on the same branch of a phylogenetic tree?
Study smarter with the SolutionInn App