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Juli2301 [7.4K]
2 years ago
14

Match the type of financial institution with the correct description of its activities

Business
1 answer:
TEA [102]2 years ago
6 0

Answer:

as I found, these are the options available to be matched.

<u>Type of Financial Institution</u>

  • Commercial Banks
  • Thrifts
  • Insurance companies
  • Mutual fund companies
  • Pension funds
  • Securities firms
  • Investment Banks

<u />

<u>Description</u>

  • JP Morgan Chase
  • savings and loan associations and credit unions that offer checking and savings accounts
  • offer policies where individuals pay a premium to insure against a loss of some kind
  • Fidelity, Vanguard
  • collect monthly payments from workers to buy stocks/funds with proceeds
  • Smith Barney, Charles Schwab
  • help corporations and governments raise money by selling stocks and bonds

Explanation:

  1. <em>Commercial Banks</em> > JP Morgan Chase
  2. <em>Thrifts </em>> savings and loan associations and credit unions that offer checking and savings accounts
  3. <em>Insurance companies</em> > offer policies where individuals pay a premium to insure against a loss of some kind
  4. <em>Mutual fund companies</em> > Fidelity, Vanguard
  5. <em>Pension funds</em> > collect monthly payments from workers to buy stocks/funds with proceeds
  6. <em>Securities firms</em> > Smith Barney, Charles Schwab
  7. <em>Investment Banks </em>> help corporations and governments raise money by selling stocks and bonds

good luck!

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2 years ago
You are the financial manager for a recreation center that has signed an option to purchase new elliptical machines for $22,500
maria [59]

Answer:

Present Value= $19,652.37

Explanation:

Giving the following information:

You are the financial manager for a recreation center that has signed an option to purchase new elliptical machines for $22,500 in two years. If you have an investment opportunity that guarantees 7% interest.

PV= FV/(1+i)^n

PV= 22,500/ (1.07^2)= $19,652.37

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2 years ago
Which of the following is not an example of organizational citizenship behaviour? telling your friends about the company’s great
Hoochie [10]

Answer: discouraging a friend from applying for a job at the company

Explanation: i would choose this one because organizational is behavior's that  is perceived as a positive, extra-role, pro-social demeanor which benefits the employer and enhances the overall success of a business discouraging a friend from applying for a job at the company that is very   a  discouraging to a person no positivity there lol

4 0
2 years ago
The mean household income in a country in a recent year was about ​$77 comma 044 and the standard deviation was about ​$84 comma
rusak2 [61]

Answer:

a) Income of $272,428 or more would be top 1%.

b) Skewed right

c) Not always normally distributed

Explanation:

We are given the following information in the question:

Mean, μ = $77,044

Standard Deviation, σ = $84,000

Median = $58,423

a) We follow a normal mode

Formula:

z_{score} = \displaystyle\frac{x-\mu}{\sigma}

We have to find the value of x such that the probability is 0.01

P(X > x)  

P( X > x) = P( z > \displaystyle\frac{x - 77044}{84000})=0.03  

= 1 -P( z \leq \displaystyle\frac{x - 77044}{84000})=0.01  

=P( z \leq \displaystyle\frac{x - 77044}{84000})=0.99  

Calculation the value from standard normal z table, we have,  

\displaystyle\frac{x - 77044}{84000} = 2.326\\\\x = 272428

Thus, income of $272,428 or more would be top 1%.

b) We should not be confident as the median is not equal to the mean. Hence, it is not a normal distribution. It was just an assumption. Since the mean is greater than the median the distribution of income is skewed towards right.

c) Normal model not be a good one for​ incomes because the median may not always e equal to the mean and hence, they do not follow a normal distribution.

8 0
2 years ago
Suppose that when the price per ream of recycled printer paper rises from $4 to $4.50, the quantity demanded falls from 800 to 6
Tju [1.3M]

Answer: The answer is -2.42

Explanation:

P1 = $4 Q1 = 800

P2 = $4.50 Q2 = 600

Using the midpoint formula, we have:

For price:

P2 - P1/(P2 + P1)/2

= 4.5 - 4/(4.5 + 4)/2

= 0.5/4.25

= 0.12

For quantity:

Q2 - Q1/(Q2 + Q1)/2

= 600 - 800/(600 + 800)/2

= -200/700

= -0.29

Price elasticity of demand = change in quantity/change in price

= -0.29/0.12

= -2.42.

7 0
2 years ago
Read 2 more answers
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