Why is the creation (chartering) of new banks closely regulated? What about nonbank financial firms?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (17 reviews)
The creation of new banks is regulated to ensure t...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Bank Management and Financial Services
ISBN: 978-0078034671
9th edition
Authors: Peter Rose, Sylvia Hudgins
Question Posted:
Students also viewed these Banking questions
-
Suppose governments increase spending for Social Security pensions. Explain why the increased government spending for pensions will not appreciably increase government purchases of productive...
-
Why is lending so closely regulated by state and federal authorities?
-
Why do firms measure profit? Why do regulated firms care about the level of profit?
-
In Exercises 7683, use a graphing utility to graph the function. Use the graph to determine whether the function has an inverse that is a function (that is, whether the function is one-to-one). f(x)...
-
Use the Milne-Simpson Predictor-Corrector method to approximate the solutions to the initial-value problems in Exercise 3. In Exercise 3 a. y' = y/t (y/t)2, 1 t 2, y(1) = 1, with h = 0.1; actual...
-
A curve has equation y = f(x). (a) Write an expression for the slope of the secant line through the points P(3, f(3)) and Q(x, f(x)). (b) Write an expression for the slope of the tangent line at P.
-
Solve the following boundary value problem: \[y^{\prime \prime}(x)=f(x), \quad y(0)=0, \quad y(1)=0\] Hence solve \(y^{\prime \prime}(x)=x^{2}\) subject to the same boundary conditions.
-
Lonergan, Inc., a calendar year S corporation in Athens, Georgia, had a balance in AAA of $200,000 and AEP of $110,000 on December 31, 2015. During 2016, Lonergan, Inc., distributes $140,000 to its...
-
The production function is Y (K, L) = K 1/3 L 2/3. The savings rate is 25%(.25), the depreciation rate is 1% (0.1). What is the law of motion?
-
Joe Roberts, 22 years old, is the star of the State University basketball team. He will likely be selected in the first round of the NBA draft. Needless to say, Joe is being wined and dined by...
-
Why is the physical presence of a bank still important to many customers despite recent advances in long-distance communications technology?
-
What key role does the FDIC play in the chartering process?
-
Ludmillas House of Schnitzel is currently producing 10 schnitzels a day at point A on the following diagram. Ludmillas business partner, Hans (an impatient sort), wants her to double production...
-
Fill in the code ClosenessCentrality.java to identify the 10 most influential nodes of this network (based on their closeness centrality value) (can add new private methods/variables) 1234561 7 8 9...
-
1.) The molar mass of CaCl2 is 110.98 g. By how many degrees would the freezing point decrease in a solution of 0.420 kg of water containing 12.98 g of CaCl2? The Kf of water is 1.86C/m, and the van...
-
A company had sales of $600 and costs of $300. Depreciation was an additional $150, and interest paid was $30. Taxes were 40% of pretax income. Dividends were $30. Beginning net fixed assets were...
-
The financial condition of two companies is expressed in the following accounting equation: Common Stock + Retained Earnings $ 2,464 + $ 7,410 + Allen White Assets $ 11,200 = $ 13,920 Required a....
-
Amir's Auto Sales is considering opening a new sales location across town. Amir's expects the new venture to face relevant fixed costs of $ 3 7 2 , 5 3 3 . Amir's expects to sell the average car for...
-
If a business owner is earning a zero or normal economic profit, what does that mean?
-
Answer the following two independent questions. a. MM Corporation is considering several proposed investments for the coming budget year. MM produces electrical apparatus for industrial complexes....
-
You have been commissioned to estimate the demand curve for admission to EuroLand, an amusement park in France. To do this, you spend a day surveying visitors to the park. Before doing this, you...
-
Plot on one figure the percent change from a year ago of both the GDP deflator (FRED code: GDPDEF) and real GDP (FRED code: GDPC1). How does the GDP deflator link nominal and real GDP? Since the...
-
Describe at least three ways you could pay for your morning cup of coffee. What are the advantages and disadvantages of each?
-
You are the owner of a small sandwich shop. A buyer may offer one of several payment methods: cash, a check drawn on a bank, a credit card, or a debit card. Which of these is the least costly for...
-
How Effective human resource management and organizational behavior as they relate to organizational design? Explain briefly
-
Locate several classified ads from the web and/or the Sunday help wanted ads and find one of your choosing. - Analyze the effectiveness of one of these ads you have picked; you only need to analyze...
-
Please complete the problems below. Make sure to show the formulas you used and your calculations. Each problem is worth up to 3 pts. Problem #1 Selling price per uint 50 Unit...
Study smarter with the SolutionInn App