Why was the fdic created - Study guides, Class notes & Summaries

LUOA Personal Finance Module 2 2023 Exam Questions and Answers What are the three main types of financial institutions available for helping you manage you finances? - Answer-banks, credit unions, and thrifts Choose all statements that describe a "bank." - Answer--invests in capital markets to make money for the institution as well as its customers -accepts deposits to accounts -regulated by the government -a financial institution -charges fees and interest to pay administrators an...

US and AZ Government Final Exam Study Guide Graded A+ Explain the purpose of the English Bill of rights and the magna carta. How were the documents similar? EBR- protect people's rights from the government MC- limited king's powers the british parliament was based on the ideas from these two ancient governments Roman- republic Greek- democrat What was the main weakness regarding the articles of conderation weakened central government what is social contract theory people must giv...

A __________ is a permanent change in one or more of the terms of a borrower's loan. Loan Qualification Loan Modification Loan Approval Loan Origination - ANSWER-Loan Modification What time period must borrowers have in job history with the same employer to qualify? 2 months 6 months 1 year 2 years - ANSWER-2 years Unscrupulous actions carried out by a lender to entice, induce and/or assist a borrower in taking a mortgage that carries high fees, a high interest rate, s...

Why are the issues of scarcity and choice the basis of economics? - answer-There will never be enough of everything to satisfy everyone completely. There has to be a limit What is the difference between scarcity and shortage - answer-Scarcity-principal that limited amounts of goods and services are available to meet unlimited wants, always exists shortage-lack of something desired, temporary or long-term why does every decision a person makes involves trades offs and opurtunity costs - an...

ACEABLE AGENT PRINCIPLES OF REAL ESTATE 2 PRACTICE TEST QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. A 65 years old retiree has almost $80,000 in equity in their home. She does not have enough cash to travel as she have would have liked to do in retirement. The retiree should consider which of these financing alternatives to access her equity without selling her home? - -A reverse mortgage allows a homeowner to pledge equity to a lender in exchange for monthly payments. A property is un...

SIE Exam What is the core responsibility of the FRB? - Answer- To Maintain Price Stability According to the Securities Act of 1933 compliance protocol, what information does a company have to disclose to its investors before the initial public offering? - Answer- Financial Statements and information about the offered securities Why was the FDIC created? - Answer- To prevent bank runs and ensure that safety of customers' funds Which associations protect investors against...

Net worth - answer-Assets (own) - Liabilities (owe) = Net Worth Personal finance plan - answer-Reasons to develop a __________: - Achieve your financial goals - Achieve financial independence - Invest intelligently - Minimize your payments to Uncle Sam - Cover your assets The Personal Financial Planning Process - answer-Step 1: Awareness and Setting Financial Goals Step 2: Creating and Activating Plans Step 3: Evaluating and Revising Plans: Moving forward Step 1: Awareness ...

Principles of Real Estate 2 Practice Test Aceable Questions With 100%Verified AnswersA+GRADED REO - correct answer...What term describes a property that is owned by a lender because a third-party buyer couldn't be found at a foreclosure auction? Real Estate Mortgage Investment Conduit (REMIC) - correct answer...A type of SPV that holds commercial and residential mortgages in trust, assembles said mortgages into pools based on risk, and issues bonds (securities) on these pools to sell to i...

Lack of segregation of duties among those completing checks, recording checks, signing checks, and reconciling bank statements - answer-Which of the following risks allows the perpetrator to hide the theft in the accounting records? a. Checks issued payable to cash b. Lack of segregation of duties among those completing checks, recording checks, signing checks, and reconciling bank statements c. Lack of matching documentation d. Checks made payable to authorized signer Checks created a...

Chapter 01 The Role of the Public Accountant in the American Economy True / False Questions 1. Independent audits of today place more emphasis on sampling than did the audits of the 19th century. True False 2. The American Institute of Certified Public Accountants issues CPA certificates and permits CPAs to practice. True False 3. A company is either audited by the GAO or internal auditors, but not both. True False 4. The SEC does not pass on the merits of the securities that are registe...