Discussed in both your text and in the documentary Inside Job, in September 2008, the U.S. government placed Fannie Mae and Freddie Mac into conservatorship but it was the that promised to cover Fannie and Freddie's losses with public funds. O A. U.S. Treasury O B. FDIC O C. Federal Reserve O D. Congress
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- In order to boost revenue, the US post office is selling a new product called “Forever Stamp”. Which fund should be used to recognize these transactions? General fund Special funds Trust funds Revolving funds select one9. A resident citizen died leaving a cash in bank in local domestic bank with face value ofP1,000,000 and other properties. If the heirs will withdraw the said cash in bank, what is thefinal tax to be withheld by the local domestic bank if the heirs would like to withdraw thetotal amount of cash in bank?a. P60,000b. P120,000c. P100,000d. P5,000The President of ghana launched a COVID-19 business alleviation program in collaboration with national board for small scale industries, trade associations and some selected banks. under the program the government is giving funds without interest to sellected financial institutions for onward lending to businesses at at a 3% interest. The program is aimed at helping beneficiaries to sustain their bunisesses during the pandemic. Use the following information to answer the questions a. explain the monetary policy tool being used b. if the government pegged interest rates at the monetary policy rate will this have been a better way of setting the rate? explain the advantages and disadvantages. c. explain the impact of a low interest rate program on Gross domestic product (GDP), articulating possible pathways.
- Criselda got interested with government borrowings. She decided to invest in short-dated instruments, that is non-interest bearing but is issued at a discount on the time it will be redeemed. Criselda is interested in a. Promissory notes b. Treasury bonds c. Certificates of deposits d. Treasury billsNiels died with a receivable collectible from Ernest Rutherford. Ernest Rutherford has assets amounting to P400,000, and liabilities amounting to P1,000,000, and included among Ernest's liabilities is an obligation on unpaid taxes payable to the government amounting to P100,000. Neils also mortgaged his property to the bank in consideration for a loan worth P1,000,000. The property is worth P1,500,000. P300,000 of the loan was paid by Niels before her death. In relation to the mortgage, how much may be claimed as a deduction? P700,000 P1,000,000 P1,200,000 P1,500,000What was the main purpose of the Troubled Asset Relief Program (TARP)? A. Sell risky assets to foreign investors in exchange for cash to increase Fed capital B. Write off mortgage debt to provide relief to home owners C. Provide tax rebates to consumers in order to support spending D. Purchase risky assets from financial institutions in exchange for new capital
- Which of the following is Considered Cash? -Sinking Fund "Bond Attached is 2 year maturity" -Fund to buy PPE for Next Year -Pension Fund -Petty Cash Fund Inventories encompasses all of the following, except? -land and other property not held for sale -materials and supplies awaiting use in the production process -merchandise purchased by retailer -finished goods produced If the company has foreign cash in bank, the cash must be denominated as? -Dollar -Local Currency -Foreign Currency -Philippine PesoComplete rows (14a)-(14c) of the table, filling in the amount of Singapore dollars remitted in year 4 for each of the cash flows from years 1–3. Then, complete row (14d), filling in the total S$ accumulated from investing these blocked funds. Next, complete row (15), filling in the amount of Singapore dollars withheld for taxes and the total after-tax Singapore dollars to be remitted to the parent in row (16). Then, calculate and enter the resulting U.S. dollar cash flows to the parent in row (19). Note: Do not forget to account for the salvage value in row (19). ______________________________________________ Year 0 Year 1 Year 2 Year 3 Year 4 14. S$ to be Remitted by Subsidiary S$6,000,000 S$6,000,000 S$7,600,000 S$8,400,000 14a Year 1 Cash Flow Remitted in Year 4 @ 5.00% S$ 14b. Year 2 Cash Flow Remitted in Year 4 @ 5.00% S$ 14c. Year 3 Cash Flow Remitted in Year 4 @ 5.00% S$ 14d. Total Accumulated Funds over 4 years…Which of the following was NOT a direct and major consequence of the 2007-2009 U.S. Subprime Financial Crisis? a. Small consumer and household savers lost all their money they had in savings accounts due to the failure of many smaller FDIC member banks b. Many people lost their homes when they could no longer make their payments after their subprime mortgage rates reset to a much higher rate after two years c. Lehman suffered a major financial collapse and ultimately was dissolved after many of its remaining parts were purchased by Barclays and Nomura, among others d. The U.S. stock markets dropped dramatically as the credit fueled economy of the mid-2000s started to suffer after the credit bubble began to burst.
- Which of the following was NOT a direct and major consequence of the 2007-2009 U.S. Subprime Financial Crisis? Group of answer choices a. Small consumer and household savers lost all their money they had in savings accounts due to the failure of many smaller FDIC member banks b. Many people lost their homes when they could no longer make their payments after their subprime mortgage rates reset to a much higher rate after two years c. Lehman suffered a major financial collapse and ultimately was dissolved after many of its remaining parts were purchased by Barclays and Nomura, among others d. The U.S. stock markets dropped dramatically as the credit fueled economy of the mid-2000s started to suffer after the credit bubble began to burst.Nadine established the “Nadine Family Trust” in 1990 with ABC Pty Ltd as the corporate trustee. Nadineand her husband Brad are the directors of the trustee company. The trust holds a variety of investments inproperty and cash. The trust was established to protect the investments as Nadine is always concernedthat she could be sued for negligence.The trust records for this income year disclose the following:Receipts ($)60,000 Rent from investment properties6,000 Interest from a bank account3,000 Unfranked dividendPayments ($)4,000 Accounting expenses for tax return5,000 Repairs to investment properties14,000 Interest on a loan for the investment property1,000 Legal expenses incurred in defending a claim by a tenantBrad works as an engineer and earned $90,000 in this income year. Nadine is a senior lawyer and receiveda salary of $180,000 in this income year. Nadine and Brad are married. They have three children:• a son, John, aged 21 years, a student at university who earned $6,000 for…On November 2022 the Carlos family, which consists of 10 family members agreed to establish a rural bank. Each of the family members agreed to contribute P1,000,000.00 each, as their capital for a total of P10,000,000.00 The said family members agreed not to include any other persons in their intended rural bank, so they decided to put up a close corporation and registered it to the Security and Exchange Commission (SEC) As a commissioner of the SEC, what will you required from the said incorporators in establishing their corporation?