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Question
Judy would like to accumulate $70,000 by the time her son starts college in ten years. What amount would she need to deposit now in a deposit account earning 6%, compounded yearly, to accumulate her savings goal?a. $4,200
b. $39,513
c. $39,088
d. $125,359
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
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A state-chartered bank which is not a member of the Federal Reserve System will
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c. OCC
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a. the banks will be upset with FDIC.
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The presence of moral hazard incentives
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A "too big to fail" policy encourages small banks to take higher risks.
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The Office of the Comptroller of the Currency (OCC) is the oldest bank regulatory agency.
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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.
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e. both a and b
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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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c. establish minimum capital ratios for international banks.
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Q:
If a hedge fund manager focused on short-selling of stocks, he/she would
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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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Mutual fund managers can keep their cash balances low by all but one of the following:
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