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Question
A 90 day $3 million jumbo CD has a 5.75% annual rate quote. If you purchase the CD, how much will you collect in 90 days?a. $3,043,125
b. $3,045.678
c. $3,062,877
d. $3,063,750
Answer
This answer is hidden. It contains 3 characters.
Related questions
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In recent years, know-your-clients (KYC) is required by international financial regulators. In the U.S., what is the act that requires financial institutions to share information about customer identities with appropriate government agencies?
a. The USA Patriot Act
b. The Sarbanes-Oxley Act
c. The 9/11 Act
d. The U.S. Treasury Department Act
e. The Gramm-Leach-Bliley Act
Q:
A state-chartered bank which is not a member of the Federal Reserve System will
never be examined by the
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b. FDIC
c. OCC
d. Fed
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a. FDIC
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d. Federal Reserve System
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a. the banks will be upset with FDIC.
b. the risk-based premium system will adequately "tax" the excess risk returns of banks that have made risky investments.
c. the moral hazard associated with deposit insurance is still present.
d. the regulator will not have to worry about banks taking excessive risk.
Q:
If bank managers lobby to maintain America's traditional "dual banking" structure, they:
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c. want the right to fight competition.
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Q:
The presence of moral hazard incentives
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c. reduces the church attendance rate of bank managers.
d. increases the role of markets in disciplining excessive risk-taking.
Q:
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a. To promote safety and soundness.
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Q:
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Financial institutions are regulated for the following reason(s):
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Q:
The maximum amount of FDIC deposit insurance per eligible retirement account is
a. $25,000
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Q:
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Q:
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Banks are regulated in part to protect the nation's money supply, much of which is a liability of the banking industry.
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A "too big to fail" policy encourages small banks to take higher risks.
Q:
The Office of the Comptroller of the Currency (OCC) is the oldest bank regulatory agency.
Q:
A foreign branch office of a U.S. bank is regulated by
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b. the host country bank regulation.
c. the FDIC.
d. the SEC.
e. both a and b
Q:
All of the following are techniques reducing credit risk in international lending except
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Which of the following is associated with the currency risk of international lending by a U.S. bank?
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b. The U.S. bank is paid dollars by its foreign borrowers.
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Q:
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Q:
While country central banks have pursued their own country interests, recently under the framework of the Bank for International Settlements, central banks from leading economies have agreed to
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Q:
Most large international loans are funded in the Eurocurrency market.
Q:
If a hedge fund manager focused on short-selling of stocks, he/she would
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b. invest in companies with high future growth prospects.
c. borrow money to invest in stocks.
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Q:
Which of the following is not the difference between hedge funds and mutual funds?
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Q:
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Mutual fund managers can keep their cash balances low by all but one of the following:
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