1. You are the manager of the customer service department at a bank and you want to hire customer service representatives for a newly opened bank branch. You realize that you can hire employees with a high school degree (HS) who earn $10,000 annually or employees with a bachelor's degree (B) who earn $20,000. You want to maxi
What are the advantages and disadvantages of adjustable-rate versus fixed-rate mortgages? Identify the conditions that should exist to make adjustable and fixed-rate mortgages favorable to lenders and borrowers at the same time. Which would you suggest for a home buyer at this time?
Christy maintains her inventory levels by borrowing cash on daily basis from the bank. She estimates the demand for cash for the coming year will be $17,000 per day for 305 working days. Any money she borrows must be repaid with 9% annual interest. Each time Christy takes out a loan the bank charges a loan origination fee of
You are applying for a loan to borrow $(average new car price/4). The bank loan is for 50 months and you will be paying 7% of the borrowed amount in each payment. What is the rate per month that you will be paying?
An economy is facing the inflationary gap shown in the accompanying diagram. To eliminate the gap, should the central bank use expansionary or contractionary monetary policy? How will the interest rate, investment spending, consumer spending, real GDP, and aggregate price level change as the monetary policy closes the inflatio
Think about a small purchase ($10 or less) you made recently. (Can be any type of purchase, ex: gas, picture frame, breakfast). How will that purchase affect the economy? Try to trace the effects of your purchase through the economy?how many steps might it take for the money to find its way back to you as part of your income?
Price discrimination is often defended on the basis of equity. What is meant by this statement? Comment on its validity.
Please help me so I can complete the following: Please write your response in an essay format. The two essays must be well structured and with a quality that is commensurate with graduate level writing standards. 1. Price discrimination is often defended on the basis of equity. What is meant by this statement? Comment on i
For each of the following situations explain which of the policy issues is associated with stance the institution has taken. A)The IMF extends a long-term loan to a nations government to help it maintain publicly supported production of goods and services that the government otherwise would have turned over to private compani
Please see the attached file. 1. If the government spending multiplier is 6, what is the tax multiplier? 2. You are given this account for a bank: ASSETS LIABILITIES RESERVES $ 500 $ 3,500 DEPOSITS LOA
Bank A offers to lend $10,00 at a nominal rate of 7%, compounded monthly. The loan (principal plus interest) must be repaid at the end of the year. Bank B also offers to lend the $10,000, but it will charge 8%, with interest due at the end of the year. What is the difference in the effective annual rates charged by the two banks
Vroom Motorcycle Company is borrowing $30,000 from First State Bank. The total interest charge is $9,000. The loan will be paid by making equal monthly payments for the next three years. What is the effective rate of interest on this installment loan?
Record transactions. Use the horizontal model, or write the journal entry, for each of the following transactions that occurred during the first year of operations at Kissick Co a. Issued 200,000 shares of $5-par-value common stock for $1,000,000 in cash. b. Borrowed $500,000 from the Oglesby National Bank and signed a 12
Please help with the following problem. Cash Flow Classifications For each of the following items, indicate whether it would be classified and reported under the operating activities (OA), investing activities (IA), or financing activities (FA) section of a statement of cash flows: a. Cash receipts from selling merchandise
Could someone help with the following true/false questions and explain the answer? Your help is greatly appreciated:) Q. The Federal Funds rate is the interest rate banks charge each other. Q. The primary purpose of the FOMC is to enforce bank regulations.
You have just joined a regional investment banking firm. They have offered you two different salary arrangements. You can have $81,000 per year for the next 3 years or $60,000 per year for the next 3 years, along with a $50,000 signing bonus today. If the market interest rate is 16%, what is the present value of the best salary
I'm having problems with this one - Which of these variables are discreet and which are continuous random variables? a. The number of new accounts established by a salesperson in a year. b. The time between customer arrivals to a bank ATM. c. The number of customers in Big Nick's barber shop. d. The amount of fuel in your
I need help with this question: Bank of America customers select their own 3 digit personal identification number ( pin )for use at ATM's. a. Think of this as an experiment and list four possible outcomes. b. What is the probability Mr. Jones and Mrs. Smith select the same pin? c. Which concept of probability do you use to
Please explain the functions of the U.S. Federal Reserve System ('The Fed'), and describe how 'The Fed' controls, influences and manipulates the Monetary Policy of the U.S.
What relationships do you observe between maturity and discount rate and the current price? Calculate the duration of a $1,000 6% coupon bond with three years to maturity. Assume that all market interest rates are 7%. See attached file for full problem description.
3. The following information pertains to Stan Co. Cash balance per bank, July 31: $7,263. July bank service charge not recorded by depositor: $28 Cash balance per books, July 31: $7,284. Deposits in transit, July 31: $1,500. Bank collected $800 note for Stan in July, plus $36 interest, less $20 service fee. The collec
Discuss with your classmates the impact of the national debt on the American economy. Use the principles and concepts you have learned in this macroeconomics class. Remember that we measure the economy by the equation C + I + G + X = GDP. So think about how the government actually borrows money. Review the graphs that show what
Discuss the forward rate and saving for college. See attached file for full problem description.
PROBLEM: Earlier this year the rising price of tortillas resulted in major protests in Mexico City combined with a warning from the Mexican central bank that this may fuel rising inflation. In response the President of Mexico announced that the government will be setting a price ceiling on the price of corn. [Corn is the majo
1. Key Question In the table on page 289 you will find consolidated balance sheets for the commercial banking system and the 12 Federal Reserve Banks. Use columns 1 through 3 to indicate how the balance sheets would read after each of transactions a to c is completed. Do not cumulate your answers; that is, analyze each transac
What would happen to GDP if a significant number of house-spouses who were previously stay home to care for their children began taking jobs and placing their children in day care? Would the nation's "well being" necessarily be better off? Is the following statement true or false: "The 'Discount Rate' used by the Fed is the
The Fed sells $2 million of bonds to a bank, how does this reflect on reserves and the monetary supply- how does this look in T accounts?
1. Choose an article on economic competition from a professional economic, or management journal published in the last seven years such as The Economist, Harvard Business Review, or Sloan Management Review. Provide an article review that summarizes the topic and sets forth key positions of the author, and whether you agree or d
1. Amazon. COM's primary obsession is to deliver a special ______ to every customer. A) assortment of products (B) bookstore(C)experience (D) set of recommendations 2. A (n) ____ is the set of actual and potential buyers of a product. A) market(B) audience (C) group (D) segment 3. Many banks are leading the way in usin
Evaluate the activities and impact of the U.S. treasury department, state and local governmental units' involvement in raising funds within the financial system
Here is part of the problem: You want to end the training by focusing on how governments (via central banks) impact economies around the world when they engage in buying and selling foreign securities. One area of interest is how the US is influenced by actions taken by central banks in Asia and Europe. You think the best way to
Suppose that a bank faces a balance sheet illustrated below, and the required reserve ratio is 20%. ASSETS LIABILITIES Reserves $50,000 Deposits $100,000 Loans $50,000 Total $100,000 Total $100,000 A. How much more could this bank loan out without acquiring additional funds? B. St