The Office of Thrift Supervision has been absorbed into the:   FDIC.   Federal Reserve.   OCC.   FSOC.

Q: How do IFRS and U.S. GAAP differ with respect to the classification of debt that is expected to be…

A:

Q: Which of the following is not classified as a financial instrument? Convertible bond C. Loan…

A: Solution: "Warranty provision" is not classified as a financial instrument.

Q: Trade finance market publications regularly referred are from   O a. ICC SWIFT   O b. EXIM   O…

A: Trade finance helps in financing or raising funds for trade and it considers both domestic as well…

Q: List

A: Basel III accord is developed by Basel Committee on banking…

Q: What is London Interbank Offered Rate (LIBOR)?

A: London Interbank Offered Rate (LIBOR): It is the interbank benchmark interest rate offered by an…

Q: guish between Eurocurrency, Euro credit and Euro commercial paper

A: Distinguish between Eurocurrency, Euro credit and Euro commercial paper   There are various…

Q: - Which of the following is the basis for fixing the price of securities in the financial market?…

A: Government is a regulatory body and doesn't fix the price of the security. Option a. is incorrect.…

Q: Which of the Basel Accords introduced three pillars with a focus on the banking book? Select one: a.…

A: The three-pillar framework with a significant focus on the banking book was introduced in the Basel…

Q: Funds available to corporate issuers of commercial paper come from which market? O A. capital O B.…

A: Commercial paper is a short term source of debt for a company

Q: 6. Calculate the EIR, if the trade credit under each of the following: a) 2/10,n/60 b) 2/10, 1/60…

A: Answer a: EIR=2100-2×36560-10=298×36550=14.90%

Q: Central Bank of Oman issues the Government Development bonds to finance

A: Bonds:   Bonds are long-term promissory notes that are represented by a company while borrowing…

Q: Under which of the following markets short term government securities are traded? a. Bond Market b.…

A: There are various markets in finance like equity, forex, bond, stock

Q: What is the requirement on Federal Truth-in-Lending (FTL)?

A: Following are the requirements of Federal Truth-in-Lending (FTL):   The financial data: The plan of…

Q: Which of the following instrument are sold in money market? 1. Treasury securities 2. Commercial…

A: Money market is a component of economy which provides short term funds

Q: True or False-One of the Federal Reserves responsibilities is to: Foster payment and settlement…

A: Federal Reserve: Federal system in the banking system is followed in the United States. It is the…

Q: Question 9 (a) Describe three different approaches to modelling credit risk

A: Credit analysis is the analysis of a business or organization to determine whether they will be able…

Q: The primary difference among various kinds of depository institutions is in the composition of…

A: Depository institutions include commercial banks, Credit unions, and other institutions that are…

Q: All institutions and procedures for bringing buyers and sellers of shares, debentures, bonds,…

A: Financial market is called as a place where all securities such as bonds, shares, debentures etc.…

Q: Define each of the following terms: i. The euro

A: The European Economic and Monetary Union (EMU), or EU, comprises of 28 part countries, of which 19…

Q: 7. Match the Financial Market Utility with its function: i) CLS Bank ii) Depository Trust Company…

A: In multilateral systems called financial market utilities, payments, securities, and other financial…

Q: The primary regulator of mutual funds is the OA. Securities and Exchange Commission (SEC) B. NBA C.…

A: Mutual fund can be defined as an accumulation of fund, mutually collected from large number of…

Q: Explain the origin and expansive role of the Securities and Exchange Commission.

A: Answer: Origin and expansive role of Securities and Exchange Commission: The Securities and Exchange…

Q: 9) Which of the following is used extensively in dealer funding, customer financing and matched-book…

A: There are various financial instruments which are extensively used in money markets such as treasury…

Q: Journalize the above transactions, including the adjusting entry for the accrual of interest on…

A: Journal entry is the first stage of accounting process. Journal entry used to record business…

Q: What are Eurodollar CDs and Eurocommercial paper?

A: Euro Money Market: Euro Money Market is the market where currencies are borrowed and lent for a…

Q: A trade finance instrument not supported by bank guarantee is called   O a. Irrevocable LC   O…

A: Answer: There are various types of financial instruments that can be traded on return of any goods…

Q: Which of the following way to classify and measure financial instruments do you favor?  Justify your…

A: Option 1).  IFRS 9: See page 7 of IFRS 9-Project-Summary.pdf.  Then click OK.

Q: Discuss the primary differences between U.S. GAAP and IFRS with respect to current liabilities and…

A: Generally Accepted Accounting Principles (GAAP): Generally Accepted Accounting Principles are the…

Q: The margin requirement is set by the ________. Select one: a. Federal Reserve b. SEC c. FDIC d. SIPC…

A: Margin requirement is an important concept in the world of investing and finance. It refers to the…

Q: Which is part of IFRS accounting for financial instruments? Disclosure of fair value information for…

A: Business organizations use fair value accounting to measure the company's liabilities and assets at…

Q: Contrast U.S. GAAP financial statement terms with their different IFRS terms.

A: U.S. GAAP, generally accepted accounting principles in the United States, are the measurement rules…

Q: How are the Securities Investor Protection Corporation (SIPC) and the Federal Deposit Insurance…

A: An investor is a person who invests money in a stock, bond or in some other security so that return…

Q: Explain what a currency instrument is? Give examples of such currency instrument

A: Currency Instrument - Currency Instruments are those Instrument which is used globally for the…

Q: Buyers credit is issued in   O a. Home currency of the borrower   O b. INR   C. Foreign…

A: Buyer's credit is a credit facility where a short term loan is financed to the importer of goods and…

Q: Explain and analyze the effect of differences between IFRS and U.S. GAAP related to the financial…

A: In the United States, financial reporting practices are prescribed by Financial Accounting Standards…

Q: What is the revolving credit arrangements in the exposure draft, Topic 470?

A: The FASB issued an Exposure draft titled debt (470) which aims at simplifying the classification of…

Functions of the Federal Reserve System

The Federal Reserve System looks after the financial activities and operations of the banking system. It is the apex body that has complete control over the banking regulations. All the guidelines regarding the banking system, money supply, and formulation of the monetary policy come under the purview of the Federal Reserve System. The New York Fed also helps in drafting the monetary policy and supervising the financial system.

Elastic and Inelastic Markets

Measuring the change in percentage of an economic variable with respect to change in a different economic variable is known as elasticity. This change in percentage results in a change in price concerning changes in other factors. In simple terms, when one factor brings a change to another factor, it is called elasticity.